Hawaii Carpenters Apprenticeship Training Trust Fund is located in Honolulu, HI. The organization was established in 1971. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2021, Hawaii Carpenters Apprenticeship Training Trust Fund employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hawaii Carpenters Apprenticeship Training Trust Fund is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2021, Hawaii Carpenters Apprenticeship Training Trust Fund generated $4.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $3.6m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE TRAINING AND EDUCATION TO UNIONIZED CARPENTER APPRENTICES AND JOURNEYMEN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND PROVIDED VARIOUS EDUCATION AND TRAINING BENEFITS TO EMPLOYEES WHO SATISFIED THE ELIGIBILITY REQUIREMENTS AS DETERMINED BY THE BOARD OF TRUSTEES OF THE FUND.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Edmund Aczon Executive Director | Officer | 40 | $168,763 |
Darrell Seto Training Coordinator | 40 | $109,335 | |
Paul Tamayo Training Coordinator | 40 | $108,913 | |
April Acquavella Training Coordinator | 40 | $108,820 | |
Mereane Hamatake Training Coordinator | 40 | $107,713 | |
Errol Kusunoki Training Coordinator | 40 | $107,713 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Ralph S Inouye Construction Contractor | 12/30/21 | $6,300,801 |
Hi Carpenters Joint Trust Funds Medical Coverage | 12/30/21 | $167,770 |
Nimble Solutions Computer Vendor | 12/30/21 | $129,357 |
Central Pacific Bank Bank Loan | 12/30/21 | $126,786 |
The Audio Visual Company Audio And Visual Contractor | 12/30/21 | $147,755 |
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 | $3,967,830 |
Investment income | $435,054 |
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 | $4,402,884 |
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. | $222,780 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $947,253 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $267,626 |
Payroll taxes | $107,352 |
Fees for services: Management | $97,161 |
Fees for services: Legal | $8,642 |
Fees for services: Accounting | $10,450 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $30,965 |
Fees for services: Other | $188,455 |
Advertising and promotion | $0 |
Office expenses | $44,665 |
Information technology | $71,839 |
Royalties | $0 |
Occupancy | $367,063 |
Travel | $6,572 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $2,475 |
Interest | $298,889 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $553,035 |
Insurance | $108,990 |
All other expenses | $2,367 |
Total functional expenses | $3,564,815 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $1,273,507 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $35,957,101 |
Investments—publicly traded securities | $11,440,274 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $48,670,882 |
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 | $11,894,517 |
Other liabilities | $0 |
Total liabilities | $11,894,517 |
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 | $36,776,365 |
Total liabilities and net assets/fund balances | $48,670,882 |