Painters District Council 711 Finishing Trades Institute Of Nj
- Assets
- $3.8m
- Revenue
- $2.5m
- Investments
- $247.9k
- Employees
- 16
- Location
- Springfield, NJ
- Founding
- 06/2002
- Data as of
- 04/2022
- EIN
- 22-3051963
Organization Overview
Painters District Council 711 Finishing Trades Institute Of Nj is located in Springfield, NJ. The organization was established in 2002. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 04/2022, Painters District Council 711 Finishing Trades Institute Of NJ employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Painters District Council 711 Finishing Trades Institute Of NJ 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 04/2022, Painters District Council 711 Finishing Trades Institute Of NJ generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $2.7m during the year ending 04/2022. 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 A CONTINUOUS PROGRAM FOR THE SELECTION AND TRAINING OF APPRENTICES AND THE RETRAINING OR REFRESHER TRAINING OF JOURNEYMEN IN THE THEORY AND PRACTICE OF THE PAINTING AND ALLIED TRADES. THE TRAINING OF EACH APPRENTICE SHALL PROVIDE THE EXPERIENCE AND SCHOOLING NECESSARY TO DEVELOP A PRACTICAL AND SKILLED MECHANIC VESTED IN THE THEORY AND PRACTICE OF THE WORK SET FORTH IN THE JURISDICTIONAL PROVISIONS OF THE RELEVANT COLLECTIVE BARGAINING AGREEMENTS. FOR JOURNEYMEN THE FUND IS DESIGNED TO ENABLE THEM TO FURTHER QUALIFY IN THE FINER ASPECTS OF THE USE AND APPLICATION OF PRESENT AND FUTURE MATERIALS OF THE VARIOUS TRADES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRAINING OF EACH APPRENTICE SHALL PROVIDE THE EXPERIENCE AND SCHOOLING NECESSARY TO DEVELOP A PRACTICAL AND SKILLED MECHANIC VESTED IN THE THEORY AND PRACTICE OF THE WORK SET FORTH IN THE JURISDICTIONAL PROVISIONS OF THE RELEVANT COLLECTIVE BARGAINING AGREEMENTS. FOR JOURNEYMEN THE FUND IS DESIGNED TO ENABLE THEM TO FURTHER QUALIFY IN THE FINER ASPECTS OF THE USE AND APPLICATION OF PRESENT AND FUTURE MATERIALS OF THE VARIOUS TRADES. APPROXIMATELY 2,307 PERSONS BENEFITED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nuno Portela Director Of Education | Officer | 45 | $153,521 |
Brandon Chiesa Apprentice Coordinator | 45 | $151,560 | |
Matheus Demoraes Apprentice Coordinator | 45 | $151,412 | |
Michael Rocha Apprentice Coordinator | 45 | $138,175 | |
Charles Messick Director Of Education (p) | Officer | 40 | $124,665 |
Frank Burke Apprentice Coordinator | 45 | $114,440 |
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 | $2,407,202 |
| Investment income | $29,717 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $43,723 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,480,642 |
| 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. | $362,285 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $899,770 |
| Pension plan accruals and contributions | $397,018 |
| Other employee benefits | $207,339 |
| Payroll taxes | $89,982 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $110,408 |
| Fees for services: Accounting | $18,099 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,464 |
| Fees for services: Other | $4,597 |
| Advertising and promotion | $0 |
| Office expenses | $23,583 |
| Information technology | $14,440 |
| Royalties | $0 |
| Occupancy | $172,314 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,306 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $195,700 |
| Insurance | $45,601 |
| All other expenses | $0 |
| Total functional expenses | $2,717,643 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $391,477 |
| Savings and temporary cash investments | $1,241,752 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $392,774 |
| 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 | $46,460 |
| Net Land, buildings, and equipment | $87,508 |
| Investments—publicly traded securities | $1,343,795 |
| Investments—other securities | $247,946 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $739 |
| Total assets | $3,752,451 |
| Accounts payable and accrued expenses | $116,617 |
| 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 | $70,529 |
| Total liabilities | $187,146 |
| 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 | $3,565,305 |
| Total liabilities and net assets/fund balances | $3,752,451 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ort America Inc New York, NY | $29,293,739 | $16,000,497 |
Brooklyn Excelsior Charter School Brooklyn, NY | $823,096 | $13,395,974 |
Williamson College Of The Trades Media, PA | $207,934,843 | $21,643,146 |
O S Johnson School Of Technology Scranton, PA | $30,244,832 | $14,495,079 |
Laborers District Cncl Of The Metro Area Of Philadelhia & Vicinity Exton, PA | $71,995,191 | $16,510,639 |
Philadelphia Technician Training Inc Philadelphia, PA | $9,117,106 | $11,028,900 |
Mason Tenders Training Fund Long Island City, NY | $44,024,998 | $3,801,436 |
Charter-Tech High School For The Performing Arts Inc Somers Point, NJ | $10,253,645 | $8,290,315 |
Coop Careers Inc New York, NY | $4,159,202 | $8,380,118 |
American Academy Mcallister Institute Of Funeral Service Inc New York, NY | $4,267,692 | $5,884,780 |
Finishing Trades Institute Of New York New York, NY | $16,930,233 | $2,729,484 |
Sheet Metal Workers Local Union No 28 Education Fund Jamaica, NY | $12,641,253 | $5,378,417 |