Finishing Trades Institute Of Southern New England Inc is located in Middletown, CT. The organization was established in 1999. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, Finishing Trades Institute Of Southern New England Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Finishing Trades Institute Of Southern New England Inc 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, Finishing Trades Institute Of Southern New England Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 6.4% 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
MAINTENANCE OF A JOINT APPRENTICE TRAINING PROGRAM IN CT & RI FOR ELIGIBLE MEMBERS OF DISTRICT COUNCIL 11, PROVIDING OF EDUCATIONAL PROGRAMS, ON-SITE TRAINING, CONTINUED SKILLED DEVELOPMENT AND SAFETY
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE OF A JOINT APPRENTICE TRAINING PROGRAM IN CT & RI FOR ELIGIBLE MEMBERS OF DISTRICT COUNCIL 11, PROVIDING OF EDUCATIONAL PROGRAMS, ON-SITE TRAINING, CONTINUED SKILLED DEVELOPMENT AND SAFETY
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mike Komaromi Director Of Training | 40 | $153,632 | |
Jonathan Plympton Employee | 40 | $136,621 | |
Donald Daigle Employee | 40 | $130,542 | |
Peter Voccio Employee | 40 | $101,738 | |
Dominick Cieri Co-Chairman - Labor (p) | Trustee | 2 | $0 |
Mark Verity Labor Trustee | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $136,999 |
All other contributions, gifts, grants, and similar amounts not included above | $88,423 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $225,422 |
Total Program Service Revenue | $1,264,641 |
Investment income | $303 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | -$7,146 |
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 | $1,568,444 |
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 | $840,216 |
Pension plan accruals and contributions | $321,131 |
Other employee benefits | $74,525 |
Payroll taxes | $73,814 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $16,549 |
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 | $102,456 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $174,768 |
Travel | $6,806 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $15,680 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $78,257 |
Insurance | $17,786 |
All other expenses | $0 |
Total functional expenses | $1,874,235 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $286,865 |
Savings and temporary cash investments | $141,306 |
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 | $1,281,648 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,709,819 |
Accounts payable and accrued expenses | $8,281 |
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 | $242,633 |
Other liabilities | $2,186 |
Total liabilities | $253,100 |
Net assets without donor restrictions | $1,456,719 |
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 | $0 |
Total liabilities and net assets/fund balances | $1,709,819 |
Over the last fiscal year, we have identified 1 grants that Finishing Trades Institute Of Southern New England Inc has recieved totaling $9,995.
Awarding Organization | Amount |
---|---|
Building Futures Providence, RI PURPOSE: SUB AWARD IN SUPPORT OF REGISTERED APPRENTICESHIP DEVELOPMENT AND TRAINING | $9,995 |
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