U A Local 716 Apprenticeship And Training Trust
- Assets
- $1.1m
- Revenue
- $400.5k
- Investments
- $0.0
- Employees
- 11
- Location
- Wallingford, CT
- Founding
- 06/2010
- Data as of
- 12/2021
- EIN
- 01-0462738
Organization Overview
U A Local 716 Apprenticeship And Training Trust is located in Wallingford, CT. The organization was established in 2010. 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 12/2021, U A Local 716 Apprenticeship And Training Trust employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. U A Local 716 Apprenticeship And Training Trust 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 12/2021, U A Local 716 Apprenticeship And Training Trust generated $400.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $316.3k during the year ending 12/2021. While expenses have increased by 5.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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 BETTER THE CONDITIONS OF WORKERS, IMPROVE SKILL LEVEL AND DEVELOP A HIGHER DEGREE OF EFFICIENCY AND COMPETENCY BY PROVIDING CLASSROOM EDUCATION AND ON THE JOB TRAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JOB TRAINING - ON SITE JOB TRAINING - WELDING, PIPINGCLASS ROOMS - ON SITE CLASSES - COMPUTERSMEMBERS - EDUCATE THEMSELVES IN ALL AREAS OF THE TRADE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Sirios Trustee | Trustee | 2 | $279 |
Gary Sainio Trustee | Trustee | 2 | $0 |
John Napolitano Trustee | Trustee | 2 | $0 |
Parrie Willette Trustee | Trustee | 2 | $0 |
Ken Brousseau Trustee | Trustee | 2 | $0 |
Chad Ellis Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $95,881 |
| 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 | $95,881 |
| Total Program Service Revenue | $307,409 |
| Investment income | $144 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$3,472 |
| 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 | $400,536 |
| 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. | $279 |
| Compensation of current officers, directors, key employees. | $279 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $116,123 |
| Pension plan accruals and contributions | $41,442 |
| Other employee benefits | $21,291 |
| Payroll taxes | $12,250 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,300 |
| Fees for services: Accounting | $5,846 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,588 |
| Advertising and promotion | $0 |
| Office expenses | $4,584 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,501 |
| Travel | $2,720 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $857 |
| Interest | $3,219 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,809 |
| Insurance | $7,310 |
| All other expenses | $0 |
| Total functional expenses | $316,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $316,373 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,009 |
| 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 | $770,824 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,400 |
| Total assets | $1,116,606 |
| Accounts payable and accrued expenses | $9,424 |
| 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 | $136,562 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $145,986 |
| 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 | $970,620 |
| Total liabilities and net assets/fund balances | $1,116,606 |
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