Local 57 Operating Engineers Apprenticeship & Skill Improvement
- Assets
- $3.3m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 31
- Location
- Johnston, RI
- Founding
- 08/1972
- Data as of
- 06/2022
- EIN
- 05-0347056
Organization Overview
Local 57 Operating Engineers Apprenticeship & Skill Improvement is located in Johnston, RI. The organization was established in 1972. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 06/2022, Local 57 Operating Engineers Apprenticeship & Skill Improvement employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Local 57 Operating Engineers Apprenticeship & Skill Improvement 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 06/2022, Local 57 Operating Engineers Apprenticeship & Skill Improvement generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $949.6k during the year ending 06/2022. While expenses have increased by 4.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE APPRENTICESHIP TRAINING FOR MEN AND WOMEN COMING INTO THE CONSTRUCTION INDUSTRY;TO TRAIN APPRENTICES PRESENTLY IN THE INDUSTRY TO BECOME QUALIFIED JOURNEYPERSONS; AND TO AFFORD SKILL INPROVEMENT OPPORTUNITIES TO JOURNERPERSONS ALREADY IN THE CONSTRUCTION INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS PROGRAM HAS BEEN ESTABLISHED EXCLUSIVELY FOR THE PURPOSE OF EDUCATING APPRENTICES TO BECOME DULY QUALIFIED JOURNEYPERSONS IN THE CONSTRUCTION INDUSTRY, AND TO UPGRADE THE EDUCATION OF JOURNEYPERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russell Amato Training Director | 40 | $103,414 | |
Christopher Silviera Past Training Director | 40 | $66,581 | |
Steven Rogers Trustee | Trustee | 1 | $0 |
James J White Trustee | Trustee | 1 | $0 |
Brad Bilodeau Trustee | Trustee | 1 | $0 |
Stephen Cardi 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 | $77,000 |
| Noncash contributions included in lines 1a–1f | $77,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,000 |
| Total Program Service Revenue | $1,735,520 |
| Investment income | $5,119 |
| 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 | $1,819,720 |
| 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. | $205,034 |
| Compensation of current officers, directors, key employees. | $20,504 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $127,659 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $197,866 |
| Payroll taxes | $33,740 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,470 |
| Advertising and promotion | $0 |
| Office expenses | $25,224 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,923 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,321 |
| Interest | $2,470 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $119,104 |
| Insurance | $57,873 |
| All other expenses | $0 |
| Total functional expenses | $949,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $656,977 |
| Savings and temporary cash investments | $1,135,440 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $278,083 |
| 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 | $1,264,561 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,335,061 |
| Accounts payable and accrued expenses | $25,303 |
| 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 | $34,393 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $59,696 |
| 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 | $3,275,365 |
| Total liabilities and net assets/fund balances | $3,335,061 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cw Resources Inc New Britain, CT | $72,075,898 | $102,860,890 |
North Atlantic States Carpenters Training Fund Millbury, MA | $72,466,434 | $22,130,164 |
Groundtruth Project Inc Boston, MA | $12,977,835 | $12,726,930 |
Skills For Rhode Islands Future Providence, RI | $3,601,484 | $11,174,331 |
Liuna Training And Education Fund Pomfret Center, CT | $19,387,955 | $9,381,853 |
Joint Apprenticeship And Training Trust Fund Local 103 Ibew Boston, MA | $13,179,581 | $8,861,151 |
National Automatic Sprinkler Industry Apprentice And Training New Milford, CT | $8,318,559 | $7,669,959 |
Center For Women & Enterprises Inc Boston, MA | $1,190,751 | $4,605,541 |
Hoisting & Portable Engineers Local No 4 Apprenticeship & Training Fnd Canton, MA | $8,832,377 | $4,420,891 |
Finishing Trades Institute Of New England Roslindale, MA | $13,310,120 | $5,877,455 |
Greater Boston Manufacturing Partnership Inc Plymouth, MA | $1,527,539 | $3,021,530 |
I B E W Local 42 O S H E Trust Fund East Windsor, CT | $12,268,359 | $3,885,464 |