Hawaii Iron Workers Training Trust
- Assets
- $2.7m
- Revenue
- $705.5k
- Investments
- $0.0
- Employees
- 8
- Location
- Waipahu, HI
- Founding
- 06/1978
- Data as of
- 07/2021
- EIN
- 99-0168649
Organization Overview
Hawaii Iron Workers Training Trust is located in Waipahu, HI. The organization was established in 1978. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 07/2021, Hawaii Iron Workers Training Trust employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hawaii Iron Workers 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 07/2021, Hawaii Iron Workers Training Trust generated $705.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $798.1k during the year ending 07/2021. 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 EDUCATIONAL, SAFETY, AND TRAINING BENEFITS TO PLAN PARTICIPANTS SATISFYING ELIGIBILITY REQUIREMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PLAN PROVIDES TRAINING BENEFITS TO ELIGIBLE PARTICIPANTS BY PAYING FOR THE TRAINING COORDINATORS AND INSTRUCTORS SALARY ($381,847), PAYROLL TAXES ($27,338), AND EMPLOYEE BENEFITS ($157,307).
THE PLAN PROVIDES TRAINING PROGRAMS TO ELIGIBLE PARTICIPANTS: SAFETY PROGRAMS ($21,647), APPRENTICESHIP PROGRAMS ($3,587), AND WELDING CERTIFICATION TRAINING ($24,686).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn Eugenio Training Coordinator | Officer | 50 | $175,349 |
Joseph H Wong Trainee Coordinator | Officer | 50 | $155,862 |
Edson Hoo Management Trustee | Trustee | 0.5 | $0 |
Branden Chun Management Trustee | Trustee | 0.5 | $0 |
T Kawika Chun Management Trustee | Trustee | 0.5 | $0 |
Douglas F Ewart Management Trustee | Trustee | 0.5 | $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 | $704,690 |
| Investment income | $798 |
| 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 | $705,488 |
| 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. | $460,960 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $69,700 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,494 |
| Payroll taxes | $27,338 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,738 |
| Fees for services: Accounting | $37,173 |
| 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 | $1,645 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $54,607 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $48,393 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7 |
| Insurance | $6,904 |
| All other expenses | $672 |
| Total functional expenses | $798,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,940 |
| Savings and temporary cash investments | $2,581,326 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $70,664 |
| 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 | $139 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,466 |
| Total assets | $2,707,535 |
| Accounts payable and accrued expenses | $18,208 |
| 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 | $28,772 |
| Total liabilities | $46,980 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $2,660,555 |
| 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 | $2,707,535 |