Building & Construction Workforce Center
- Assets
- $10.8m
- Revenue
- $8.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Chattanooga, TN
- Founding
- Data as of
- 06/2022
- EIN
- 84-5019012
Organization Overview
Building & Construction Workforce Center is located in Chattanooga, TN. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Building & Construction Workforce Center 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 06/2022, Building & Construction Workforce Center generated $8.5m in total revenue.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE FOR WHICH THE CORPORATION IS ORGANIZED ARE TO PROVIDE A FACILITY FOR THE OPERATION OF A TRADE SCHOOL FOR THE ADVANCEMENT OF BUILDING AND CONSTRUCTION EDUCATION AND WORKFORCE DEVELOPMENT OPPORTUNITIES CENTERED ON ERECTING OR MAINTANING PUBLIC BUILDINGS, MONUMENTS, OR WORKS.
Describe the Organization's Program Activity:
THE PURPOSES FOR WHICH THE CORPORATION IS ORGANIZED ARE TO PROVIDE A FACILITY FOR THE OPERATION OF A TRADE SCHOOL FOR THE ADVANCEMENT OF BUILDING AND CONSTRUCTION EDUCATION AND WORKFORCE DEVELOPMENT OPPORTUNITIES CENTERED ON ERECTING OR MAINTAINING PUBLIC BUILDINGS, MONUMENTS, OR WORKS; TO LESSEN THE BURDENS OF GOVERNMENT; TO SOLICIT, COLLECT, RECEIVE, ACCUMULATE, ADMINISTER AND DISTRIBUTE FUNDS IN A MANNER WHICH WILL OPERATE TO FURTHER CHARITABLE PURPOSES, EITHER DIRECTLY OR BY CONTRIBUTIONS TO PROPER ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; AND TO TAKE SUCH OTHER AND FURTHER REASONABLE ACTIONS AS MAY BE NECESSARY TO ACHIEVE OR FURTHER ANY ONE OR MORE OF THE PURPOSES ABOVE-STATED ALL WITHIN THE LIMITATIONS INCLUDED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Coppinger Chair | OfficerTrustee | 1 | $0 |
Nic Cornelison Treasurer | OfficerTrustee | 1 | $0 |
Justin Robertson Vice Chair | OfficerTrustee | 1 | $0 |
Rebecca Ashford Secretary | OfficerTrustee | 1 | $0 |
Leslie Gower Vice President | OfficerTrustee | 1 | $0 |
Esther Helton Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,544,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,544,200 |
| Total Program Service Revenue | $0 |
| Investment income | $2,240 |
| 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 | $8,546,440 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,373,920 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $765,000 |
| 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 | $11,514 |
| Net Land, buildings, and equipment | $7,637,887 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,788,321 |
| Accounts payable and accrued expenses | $1,899,679 |
| 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 | $1,899,679 |
| Net assets without donor restrictions | $7,637,887 |
| Net assets with donor restrictions | $1,250,755 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $10,788,321 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Building & Construction Workforce Center has recieved totaling $305,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN PURPOSE: CENTER BUILD-OUT | $200,000 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN PURPOSE: CENTER BUILDOUT | $75,000 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN PURPOSE: CAPITAL CAMPAIGN | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nash-Edgecombe Economic Development Inc Rocky Mount, NC | $2,214,551 | $9,450,498 |
Convention & Visitors Bureau Of Greater Kansas City Kansas City, MO | $12,878,337 | $11,432,355 |
Alexandria Economic Development Partnership Inc Alexandria, VA | $1,919,174 | $9,268,061 |
Explore Branson Tourism Branson, MO | $1,396,845 | $7,616,014 |
East Central Planning & Development District Inc<410 Decatur St Newton, MS | $22,970,956 | $8,929,943 |
The Center For Kentucky Rural Economic Development Inc Somerset, KY | $52,726,644 | $7,680,890 |
Kentucky Highlands Investment Corporation London, KY | $130,461,604 | $9,285,837 |
Richmond Metropolitan Convention & Vistors Bureau Richmond, VA | $6,099,091 | $8,138,093 |
Knoxville Convention & Visitors Bureau Inc Knoxville, TN | $5,768,468 | $5,619,069 |
Access To Capital For Entrepreneurs Inc Cleveland, GA | $88,796,114 | $11,013,240 |
Northwest Arkansas Economic Development District Inc Harrison, AR | $3,285,809 | $5,390,544 |
Economic Development Corporation Of Kansas City Missouri Kansas City, MO | $4,885,634 | $3,918,676 |