Ibpat Training Realty Trust
- Assets
- $1.9m
- Revenue
- $684.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Roslindale, MA
- Founding
- 03/1993
- Data as of
- 06/2021
- EIN
- 04-6630515
Organization Overview
Ibpat Training Realty Trust is located in Roslindale, MA. The organization was established in 1993. According to its NTEE Classification (J19) the organization is classified as: Support N.E.C., under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ibpat Training Realty 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 06/2021, Ibpat Training Realty Trust generated $684.6k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $561.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 6 years. 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
RENTAL TO NON PROFITS
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL TO NON PROFITS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Sullivan Trustee | Trustee | 10 | $0 |
Charles Fogell Trustee | Trustee | 10 | $0 |
Joseph Itri Trustee | Trustee | 10 | $0 |
Michael Lafferty Trustee | Trustee | 10 | $0 |
Paul Canning Trustee | Trustee | 10 | $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 | $684,033 |
| Investment income | $520 |
| 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 | $684,553 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $1,328 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $217,549 |
| Travel | $2,531 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $191,518 |
| Insurance | $1,000 |
| All other expenses | $0 |
| Total functional expenses | $561,644 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,186 |
| Savings and temporary cash investments | $1,130,165 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $750,325 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,914,676 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 | $212,807 |
| Retained earnings, endowment, accumulated income, or other funds | $1,701,869 |
| Total liabilities and net assets/fund balances | $1,914,676 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Labor And Industry For Education Inc Cedarhurst, NY | $17,500,092 | $11,096,296 |
New York State United Teachers Building Corp Latham, NY | $39,353,432 | $5,052,551 |
Apwu Local 10 Building Corporation New York, NY | $8,576,547 | $1,812,891 |
Local Enterprise Assistance Fund Inc Boston, MA | $15,497,669 | $3,351,663 |
Supercon Inc Voluntary Employee Benefit Tr Shrewsbury, MA | $1,099,583 | $1,350,180 |
New York Association Of Training And Employment Professionals Inc Albany, NY | $699,736 | $875,902 |
Timber Framers Guild Inc Alstead, NH | $545,591 | $620,579 |
Ibpat Training Realty Trust Roslindale, MA | $1,914,676 | $684,553 |
United Hispanic Construction Workers Inc Bronx, NY | $49,996 | $0 |
Labor Management Cooperation Fund Glens Falls, NY | $346,757 | $0 |
Roofers Local 22 Building Fund Rochester, NY | $344,763 | $0 |
Center For Human Development Bd Chd Bd Inc Jackson Heights, NY | $299 | $0 |