Building Industry Trust
- Assets
- $4.5m
- Revenue
- $300.3k
- Investments
- $1.7m
- Employees
- 0
- Location
- Oakland, CA
- Founding
- 06/2001
- Data as of
- 12/2023
- EIN
- 94-3390022
Organization Overview
Building Industry Trust is located in Oakland, CA. The organization was established in 2001. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Building Industry 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 12/2023, Building Industry Trust generated $300.3k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $544.2k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE LABOR-MANAGEMENT COOPERATION & FURTHERING OPPORTUNITIES IN THE CARPENTRY INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE LABOR-MANAGEMENT COOPERATION AND FURTHERING EMPLOYMENT OPPORTUNITIES IN THE CARPENTRY INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Belperio Chair | OfficerTrustee | 5 | $0 |
Michael Walton Co-Chair | OfficerTrustee | 5 | $0 |
Daniel Calamuci Trustee | Trustee | 5 | $0 |
Scott Smith Trustee | Trustee | 5 | $0 |
David Rivas Trustee | Trustee | 5 | $0 |
Larry Nibbi Trustee | Trustee | 5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $285,871 |
| Investment income | $142,597 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$128,948 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $300,309 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500,000 |
| 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 | $16,968 |
| Fees for services: Legal | $812 |
| Fees for services: Accounting | $9,792 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,673 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $15 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $196 |
| 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 | $10,520 |
| All other expenses | $1,193 |
| Total functional expenses | $544,169 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $215,989 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $152,185 |
| 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 | $7,493 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,463,085 |
| Investments—other securities | $1,679,021 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $82 |
| Total assets | $4,517,955 |
| Accounts payable and accrued expenses | $0 |
| 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 | $4,397 |
| Total liabilities | $4,397 |
| 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 | $4,513,558 |
| Total liabilities and net assets/fund balances | $4,517,955 |
Grants Awarded
Over the last fiscal year, Building Industry Trust has awarded $300,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SMART CITIES PREVAIL PURPOSE: CONTINUED RESEARCH AND EDUCATION IN REGARDS TO PREVAILING WAGE MATTERS. | $250,000 |
STATE BUILDING TRADES COUNCIL OF CALIFORNIA PURPOSE: SUPPORT THE CONSTRUCTION OF HIGH SPEED RAIL. | $50,000 |