Hoisting & Portable Engineers Local No 4 Apprenticeship & Training Fnd
- Assets
- $8.8m
- Revenue
- $4.4m
- Investments
- $1.3m
- Employees
- 21
- Location
- Canton, MA
- Founding
- 08/1968
- Data as of
- 12/2021
- EIN
- 04-2326141
Organization Overview
Hoisting & Portable Engineers Local No 4 Apprenticeship & Training Fnd is located in Canton, MA. The organization was established in 1968. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2021, Hoisting & Portable Engineers Local No 4 Apprenticeship & Training Fnd employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hoisting & Portable Engineers Local No 4 Apprenticeship & Training Fnd 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, Hoisting & Portable Engineers Local No 4 Apprenticeship & Training Fnd generated $4.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $4.0m during the year ending 12/2021. While expenses have increased by 6.9% 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 PROVIDE TRAINING, SKILL IMPROVEMENT, AND SAFETY EDUCATION TO ELIGIBLE PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE TRAINING, SKILL IMPROVEMENT, AND SAFETY EDUCATION TO ELIGIBLE PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Carey Training Director | Officer | 40 | $223,628 |
Thomas Mcevoy Training Instructor | 40 | $185,668 | |
Peter Gardiner Training Instructor | 40 | $179,820 | |
Peter Carpenter Training Instructor | 40 | $176,019 | |
Andrew Franzen Training Instructor | 40 | $159,793 | |
Michele Maimone Administrative | 40 | $150,140 |
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 | $4,368,244 |
| Investment income | $49,430 |
| 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 | $4,420,891 |
| 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. | $315,194 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,203,363 |
| Pension plan accruals and contributions | $412,980 |
| Other employee benefits | $231,168 |
| Payroll taxes | $112,846 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,976 |
| Fees for services: Accounting | $37,001 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,662 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $134,927 |
| Information technology | $33,198 |
| Royalties | $0 |
| Occupancy | $140,373 |
| Travel | $91,238 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,555 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $559,477 |
| Insurance | $102,064 |
| All other expenses | $137,775 |
| Total functional expenses | $4,018,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $329,258 |
| Savings and temporary cash investments | $4,148,870 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $413,991 |
| 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 | $11,375 |
| Net Land, buildings, and equipment | $1,873,776 |
| Investments—publicly traded securities | $734,421 |
| Investments—other securities | $1,320,686 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,832,377 |
| Accounts payable and accrued expenses | $85,211 |
| 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 | $85,211 |
| 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 | $8,747,166 |
| Total liabilities and net assets/fund balances | $8,832,377 |
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