Tradesfutures
- Assets
- $1.7m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- Data as of
- 12/2022
- EIN
- 86-3766320
Organization Overview
Tradesfutures is located in Washington, DC. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tradesfutures is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP, PROMOTE AND IMPROVE APPRENTICESHIP READINESS PROGRAMS, WHICH ARE EDUCATIONAL PROGRAMS THAT PROVIDE STUDENTS WITH THE FUNDAMENTAL SKILLS AND KNOWLEDGE NECESSARY TO CHOOSE, OBTAIN AND SUCCEED IN A FORMAL APPRENTICESHIP IN THE CONSTRUCTION INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DEVELOP, PROMOTE AND IMPROVE APPRENTICESHIP READINESS PROGRAMS, WHICH ARE EDUCATIONAL PROGRAMS THAT PROVIDE STUDENTS WITH THE FUNDAMENTAL SKILLS AND KNOWLEDGE NECESSARY TO CHOOSE, OBTAIN AND SUCCEED IN A FORMAL APPRENTICESHIP IN THE CONSTRUCTION INDUSTRY. AND TO INCREASE DIVERSITY IN THE CONSTRUCTION INDUSTRY; TO CONDUCT AND/OR SPONSOR RESEARCH AND STUDIES CONCERNING THE REASONS INDIVIDUALS FAIL TO OBTAIN OR COMPLETE AN APPRENTICESHIP; AND TO EDUCATE THE PUBLIC ABOUT THE VARIOUS CAREER OPPORTUNITIES FOR CRAFT WORKERS IN THE CONSTRUCTION INDUSTRY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Mcgarvey Board Member | Trustee | 1 | $0 |
Brent Booker Board Member | Trustee | 1 | $0 |
Sam Lyon Board Member | Trustee | 1 | $0 |
Tom Ensminger Board Member | Trustee | 1 | $0 |
Jeff Peoples Board Member | Trustee | 1 | $0 |
Alison Ziogas Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,800,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $311,000 |
| Noncash contributions included in lines 1a–1f | $15,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,111,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $2,111,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $267,750 |
| 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. | $90,904 |
| 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 | $5,935 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,798 |
| 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 | $1,465 |
| Information technology | $71,230 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,977 |
| 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 | $463,059 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,663,656 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $15,000 |
| Accounts receivable, net | $3,976 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,682,632 |
| Accounts payable and accrued expenses | $34,691 |
| 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 | $34,691 |
| Net assets without donor restrictions | $1,647,941 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,682,632 |
Grants Awarded
Over the last fiscal year, Tradesfutures has awarded $267,750 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NONTRADITIONAL EMPLOYMENT FOR WOMEN PURPOSE: TO HELP LAUNCH A CHILDCARE ASSISTANCE PROGRAM FOR UNDERREPRESENTED WORKERS IN THE CONSTRUCTION INDUSTRY | $200,000 |
MILWAUKEE AREA TECHNICAL COLLEGE PURPOSE: TO RESERVE 6 SLOTS FOR CHILDREN OF REGISTERED APPRENTICE OR JOURNEY-LEVEL WORKERS IN THE CONSTRUCTION INDUSTRY WHO COME FROM THE SURROUNDING COMMUNITIES, IN ORDER TO HELP SUPPORT CAREER PATHWAYS AND HIGH-QUALITY JOBS IN CONSTRUCTION FOR PEOPLE OF COLOR, WOMEN, VETERANS AND OTHER HISTORICALLY UNDERREPRESENTED GROUPS. | $67,750 |