Alaska Carpenters Training Trust
- Assets
- $5.4m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 24
- Location
- Anchorage, AK
- Founding
- 06/1959
- Data as of
- 06/2022
- EIN
- 92-0032708
Organization Overview
Alaska Carpenters Training Trust is located in Anchorage, AK. The organization was established in 1959. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 06/2022, Alaska Carpenters Training Trust employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alaska Carpenters Training Trust is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2022, Alaska Carpenters Training Trust generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $1.9m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 7 years. 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
PROVIDING AND MAINTAINING TRAINING AND EDUCATION OF APPRENTICES AND JOURNEYMEN IN THE CARPENTER TRADE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRAINING OF CARPENTER, PILEDRIVER AND MILLWRIGHT APPRENTICES AND RETRAINING FOR JOURNEYMEN.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Matthews Coordinator | 40 | $142,677 | |
Joshua Bolton Director Of Training | 40 | $121,243 | |
Michael Davis Chair | OfficerTrustee | 1 | $0 |
Kevin Rogina Trustee | Trustee | 1 | $0 |
Michael Vlaming Trustee | Trustee | 1 | $0 |
Kiel Beloy Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $487,976 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $487,976 |
| Total Program Service Revenue | $1,440,778 |
| Investment income | $70,980 |
| 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 | $1,999,734 |
| 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. | $339,081 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $483,507 |
| Pension plan accruals and contributions | $153,148 |
| Other employee benefits | $113,058 |
| Payroll taxes | $63,567 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $49,703 |
| Fees for services: Accounting | $37,796 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,250 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,709 |
| Office expenses | $41,323 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $64,226 |
| Travel | $15,088 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,173 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,144 |
| Insurance | $58,818 |
| All other expenses | $0 |
| Total functional expenses | $1,855,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $655,329 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $277,933 |
| 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 | $11,662 |
| Net Land, buildings, and equipment | $986,838 |
| Investments—publicly traded securities | $3,469,679 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,401,541 |
| Accounts payable and accrued expenses | $123,776 |
| 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 | $123,776 |
| 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 | $5,277,765 |
| Total liabilities and net assets/fund balances | $5,401,541 |