Alaska Laborers Training School
- Assets
- $19.0m
- Revenue
- $2.8m
- Investments
- $2.9m
- Employees
- 33
- Location
- Chugiak, AK
- Founding
- 06/2017
- Data as of
- 06/2021
- EIN
- 92-6003589
Organization Overview
Alaska Laborers Training School is located in Chugiak, AK. The organization was established in 2017. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 06/2022, Alaska Laborers Training School employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alaska Laborers Training School 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 06/2021, Alaska Laborers Training School generated $2.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $3.1m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE TRAINING AND RETRAINING PROGRAMS FOR ALASKA LABORERS
Describe the Organization's Program Activity:
PROVIDED TRAINING AND RETRAINING PROGRAMS FOR ALASKA LABORERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joey Merrick Trustee, Chairman | OfficerTrustee | 1 | $0 |
Steve Geraghty Trustee, Secretary | OfficerTrustee | 1 | $0 |
James Murrell Trustee | Trustee | 1 | $0 |
Brandon Calcaterra Trustee | Trustee | 1 | $0 |
Scott Eickholt Trustee | Trustee | 1 | $0 |
Jeff Miller Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $968,510 |
| Investment income | $10,394 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $71,915 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $12,496 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,800,793 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $962,150 |
| Pension plan accruals and contributions | $717,551 |
| Other employee benefits | $230,062 |
| Payroll taxes | $88,063 |
| Fees for services: Management | $14,211 |
| Fees for services: Legal | $13,777 |
| Fees for services: Accounting | $17,682 |
| 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 | $70,879 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $141,855 |
| Travel | $34,812 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,793 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $531,858 |
| Insurance | $107,241 |
| All other expenses | $0 |
| Total functional expenses | $3,124,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $195,284 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $244,719 |
| 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 | $1,630 |
| Investments—publicly traded securities | $311,576 |
| Investments—other securities | $2,860,556 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,996,713 |
| Accounts payable and accrued expenses | $46,812 |
| 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 | $46,812 |
| 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 |
| Total liabilities and net assets/fund balances | $18,949,901 |