Academy Of Craft Training
- Assets
- $291.4k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 9
- Location
- Birmingham, AL
- Founding
- 09/2016
- Data as of
- 12/2021
- EIN
- 81-2984294
Organization Overview
Academy Of Craft Training is located in Birmingham, AL. The organization was established in 2016. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2021, Academy Of Craft Training employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academy Of Craft Training is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Academy Of Craft Training generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 36.7% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 41.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FUND PROGRAMS FOR TRAINING AND EDUCATING ALABAMA HIGH SCHOOL STUDENTS IN VARIOUS CONSTRUCTION TRADES
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPING AND IMPLEMENT A PROGRAM FOR TRAINING AND EDUCATING ALABAMA HIGH SCHOOL STUDENTS IN VARIOUS CONSTRUCTION TRADES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Windle Chairman | Trustee | 3 | $0 |
Brad Condray Vice Chairman | Trustee | 3 | $0 |
Brad Avery Secretary | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $723,305 |
| All other contributions, gifts, grants, and similar amounts not included above | $404,636 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,127,941 |
| Total Program Service Revenue | $0 |
| Investment income | $203 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,128,144 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $525,343 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,576 |
| Payroll taxes | $41,017 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,237 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,079 |
| Office expenses | $76,871 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $288,000 |
| Travel | $11,880 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,543 |
| Insurance | $66,049 |
| All other expenses | $60,410 |
| Total functional expenses | $1,122,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,080 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $68,979 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $89,364 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,958 |
| Total assets | $291,381 |
| Accounts payable and accrued expenses | $47,311 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $47,311 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $244,070 |
| Total liabilities and net assets/fund balances | $291,381 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Academy Of Craft Training has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Mike And Gillian Goodrich Charitable Foundation Birmingham, AL PURPOSE: OPERATING SUPPORT OF ORGANIZATION | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Center For Construction Education Research Alachua, FL | $48,124,151 | $16,889,028 |
University Of North Florida Training & Services Institute Inc Jacksonville, FL | $18,311,488 | $14,553,681 |
Black Smith Multi-Media Inc Montgomery, AL | $10,013,648 | $10,013,648 |
Pasco-Hernando Workforce Board Inc New Port Richey, FL | $2,232,654 | $8,486,038 |
Polk County Workforce Development Board Inc Bartow, FL | $2,112,904 | $7,478,002 |
Workforce Dev Bd Of The Tres Coast Port St Lucie, FL | $4,273,478 | $6,937,446 |
Suncoast Workforce Board Inc Sarasota, FL | $1,147,952 | $7,055,216 |
Cobbworks Inc Marietta, GA | $1,042,645 | $6,034,938 |
Greater Miami Service Corps Miami, FL | $1,495,856 | $5,833,031 |
National Center For Housing Management Jacksonville, FL | $7,536,545 | $5,299,102 |
Labfour Career Training Institute Memphis, TN | $0 | $5,875,670 |
Atlanta Electrical Joint Apprenticeship & Training Committe Norcross, GA | $3,550,323 | $3,191,649 |