Futures Through Training Inc
- Assets
- $250.0k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 33
- Location
- Ogden, UT
- Founding
- 06/1986
- Data as of
- 06/2022
- EIN
- 87-0429133
Organization Overview
Futures Through Training Inc is located in Ogden, UT. The organization was established in 1986. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 06/2022, Futures Through Training Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Futures Through Training Inc 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, Futures Through Training Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 5.7% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INCREASE PRIVATE EMPLOYMENT AND TRAINING AND TO PROVIDE ASSISTANCE AND TRAINING TO ELIGIBLE INDIVIDUALS UNDER VARIOUS FEDERAL AND STATE ASSISTANCE PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT USED
US DEPARTMENT OF LABOR - MIGRANT AND SEASONAL WORKERS
US DEPARTMENT OF HEALTH AND HUMAN SERVICES - LOW-INCOME HOME ENERGY ASSISTANCE
OTHER MISCELLANEOUS PROGRAM EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phil Shumway Executive Di | OfficerTrustee | 10 | $24,927 |
Angela Urrea Board Member | Trustee | $0 | |
Becky Tierney Board Member | Trustee | $0 | |
Eulogio Alejandre Board Chair | Trustee | $0 | |
Azanett A Garza Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,261,338 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,297 |
| Noncash contributions included in lines 1a–1f | $7,147 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,270,635 |
| Total Program Service Revenue | $0 |
| Investment income | $520 |
| 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 | $1,271,155 |
| 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 | $684,820 |
| Pension plan accruals and contributions | $18,101 |
| Other employee benefits | $107,456 |
| Payroll taxes | $79,156 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,243 |
| 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 | $14,490 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $55,767 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,695 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,600 |
| Insurance | $7,147 |
| All other expenses | $134 |
| Total functional expenses | $1,273,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,584 |
| Savings and temporary cash investments | $68,423 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $90,172 |
| 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 | $750 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,075 |
| Total assets | $250,004 |
| Accounts payable and accrued expenses | $83,352 |
| 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 | $83,352 |
| Net assets without donor restrictions | $166,652 |
| 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 | $250,004 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Futures Through Training Inc has recieved totaling $8,000.
| Awarding Organization | Amount |
|---|---|
Pi Foundation Inc Salt Lake City, UT PURPOSE: SUPPORT CHARITY ORG | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ubc National Job Corps Training Fund Inc Las Vegas, NV | $4,409,802 | $17,106,276 |
Southwestern Line Construction Electrical Joint Apprenticeship Albuquerque, NM | $14,369,563 | $8,044,899 |
Arizona Pipe Trades Joint Apprenticeship Trust Phoenix, AZ | $15,602,426 | $5,116,585 |
Nevada Partners Inc North Las Vegas, NV | $9,910,080 | $2,557,424 |
Mountain States Line Constructors Apprenticeship & Trng Joint Comm West Jordan, UT | $17,284,814 | $7,133,339 |
Join Inc Carson City, NV | $664,379 | $2,904,067 |
Independent Electrical Contractors Training Fund Inc Northglenn, CO | $9,955,340 | $3,926,354 |
Denver Electrical Joint Apprenticeship And Training Commit Denver, CO | $8,983,539 | $2,884,351 |
Construction Industry Training Council Of Colorado Inc Wheat Ridge, CO | $7,748,373 | $2,215,735 |
Womens Bean Project Denver, CO | $7,419,490 | $2,971,101 |
Utah Electrical Joint Apprenticeship And Training West Jordan, UT | $10,372,737 | $2,666,640 |
Northern Nevada Joint Apprentice & Training Comm For Elec Industry Reno, NV | $4,666,212 | $2,515,472 |