Hoisting & Portable Engineers Local No 4 Apprenticeship & Training Fnd
- Assets
- $9.4m
- Revenue
- $4.8m
- Investments
- $1.2m
- Employees
- 21
- Location
- Canton, MA
- Founding
- 08/1968
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Hoisting & Portable Engineers Local No 4 Apprenticeship & Training Fnd generated $4.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $3.9m during the year ending 12/2022. While expenses have increased by 5.6% per year over the past 8 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
2022
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 |
|---|---|---|---|
Stephen Tappin Union Trustee | Trustee | 1 | $582 |
David F Fantini Union Trustee | Trustee | 1 | $0 |
Edward G Mclaughlin Union Trustee | Trustee | 1 | $0 |
Gary Spencer Employer Trustee | Trustee | 1 | $0 |
Thomas Russo Employer Trustee | Trustee | 1 | $0 |
John Roma Employer Trustee | Trustee | 1 | $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 | $4,742,624 |
| Investment income | $90,283 |
| 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 | $4,835,716 |
| 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. | $319,149 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,264,056 |
| Pension plan accruals and contributions | $391,559 |
| Other employee benefits | $224,795 |
| Payroll taxes | $110,203 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $54,109 |
| Fees for services: Accounting | $27,236 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,870 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $114,008 |
| Information technology | $41,510 |
| Royalties | $0 |
| Occupancy | $108,650 |
| Travel | $25,171 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,981 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $505,249 |
| Insurance | $88,875 |
| All other expenses | $82,068 |
| Total functional expenses | $3,915,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $706,395 |
| Savings and temporary cash investments | $4,454,071 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $494,383 |
| 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 | $14,887 |
| Net Land, buildings, and equipment | $1,962,860 |
| Investments—publicly traded securities | $601,126 |
| Investments—other securities | $1,199,968 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,433,690 |
| Accounts payable and accrued expenses | $59,272 |
| 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 | $59,272 |
| 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 | $9,374,418 |
| Total liabilities and net assets/fund balances | $9,433,690 |