Asbestos Workers Education & Training Fund
- Assets
- $1.6m
- Revenue
- $771.1k
- Investments
- $0.0
- Employees
- 7
- Location
- Quincy, MA
- Founding
- 03/1990
- Data as of
- 12/2022
- EIN
- 04-6374405
Organization Overview
Asbestos Workers Education & Training Fund is located in Quincy, MA. The organization was established in 1990. 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, Asbestos Workers Education & Training Fund employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asbestos Workers Education & Training Fund 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, Asbestos Workers Education & Training Fund generated $771.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $566.3k during the year ending 12/2022. While expenses have increased by 9.9% 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
PROVIDE EDUCATION AND TRAINING FOR ELIGIBLE APPRENTICES AND JOURNEYMEN OF THE UNION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATION AND TRAINING FOR ELIGIBLE APPRENTICES AND JOURNEYMEN OF THE UNION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Lister Union Trustee | Trustee | 3 | $0 |
Jeffrey Saliba Union Trustee | Trustee | 3 | $0 |
Michael Robbins Mgmt Trustee | Trustee | 3 | $0 |
Michale Passamonti Mgmt Trustee | Trustee | 3 | $0 |
Wayne Ortiz Union Trustee | Trustee | 3 | $0 |
Len Carlson Mgmt Trustee | Trustee | 3 | $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 | $766,942 |
| Investment income | $3,263 |
| 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 | $771,055 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $169,099 |
| Pension plan accruals and contributions | $77,654 |
| Other employee benefits | $39,875 |
| Payroll taxes | $14,089 |
| Fees for services: Management | $3,818 |
| Fees for services: Legal | $4,189 |
| Fees for services: Accounting | $8,139 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $660 |
| Office expenses | $15,373 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,530 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,365 |
| Interest | $7,701 |
| Payments to affiliates | $69,808 |
| Depreciation, depletion, and amortization | $23,542 |
| Insurance | $6,298 |
| All other expenses | $0 |
| Total functional expenses | $566,316 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12 |
| Savings and temporary cash investments | $635,676 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $236,803 |
| 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 | $8,077 |
| Net Land, buildings, and equipment | $713,624 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,594,192 |
| Accounts payable and accrued expenses | $37,788 |
| 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 | $266,701 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $304,489 |
| 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 | $1,289,703 |
| Total liabilities and net assets/fund balances | $1,594,192 |