Northeast Carpenters Apprenticeship Fund
- Assets
- $19.9m
- Revenue
- $10.4m
- Investments
- $0.0
- Employees
- 51
- Location
- Edison, NJ
- Founding
- 06/1970
- Data as of
- 12/2021
- EIN
- 23-7041867
Organization Overview
Northeast Carpenters Apprenticeship Fund is located in Edison, NJ. The organization was established in 1970. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2021, Northeast Carpenters Apprenticeship Fund employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northeast Carpenters Apprenticeship 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 12/2021, Northeast Carpenters Apprenticeship Fund generated $10.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $10.6m during the year ending 12/2021. While expenses have increased by 4.9% 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
TO MAINTAIN TRAINING FACILITIES TO PROVIDE TRAINING OF APPRENTICES AND UPGRADING OF SKILL LEVEL FOR TRAINING JOURNEY LEVEL CARPENTERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO MAINTAIN TRAINING FACILITIES TO PROVIDE TRAINING OF APPRENTICES AND UPGRADING OF SKILL LEVEL FOR TRAINING JOURNEY LEVEL CARPENTERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nick Dematteo Apprentice Training Fund Director | Officer | 40 | $208,146 |
Robert Smith Instructor | 40 | $190,558 | |
Thomas Sommers Training Director | 40 | $165,277 | |
Kevin Leary Training Director | 40 | $151,183 | |
Philip Diaz Training Coordinator | 40 | $136,247 | |
Timothy Waring Instructor | 1 | $131,154 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $92,110 |
| All other contributions, gifts, grants, and similar amounts not included above | $745,367 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $837,477 |
| Total Program Service Revenue | $8,416,215 |
| Investment income | $449,932 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $114,242 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,381,249 |
| 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. | $318,146 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,471,566 |
| Pension plan accruals and contributions | $1,212,838 |
| Other employee benefits | $746,324 |
| Payroll taxes | $310,776 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,526 |
| Fees for services: Accounting | $54,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $39,046 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $131,314 |
| Information technology | $132,838 |
| Royalties | $0 |
| Occupancy | $2,429,535 |
| Travel | $17,325 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $88,248 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $518,541 |
| Insurance | $182,916 |
| All other expenses | $82,618 |
| Total functional expenses | $10,632,114 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,064,244 |
| Savings and temporary cash investments | $436,356 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,348,826 |
| 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 | $4,235,648 |
| Investments—publicly traded securities | $12,705,964 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $69,750 |
| Total assets | $19,860,788 |
| Accounts payable and accrued expenses | $560,288 |
| 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 | $49,215 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $120,066 |
| Total liabilities | $729,569 |
| Net assets without donor restrictions | $19,131,219 |
| 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 | $19,860,788 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Northeast Carpenters Apprenticeship Fund has recieved totaling $31,500.
| Awarding Organization | Amount |
|---|---|
Jobs For The Future Inc Boston, MA PURPOSE: TO SUPPORT AMERICAN WORKFORCE AND EDUCATION | $31,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Building Service Thomas Shortman Training Scholarship And New York, NY | $24,265,152 | $18,661,986 |
New York District Council Crpntrs Apprntcshp Jrnymn Retraing Educa New York, NY | $32,423,989 | $13,554,381 |
Northeast Carpenters Apprenticeship Fund Edison, NJ | $19,860,788 | $10,381,249 |
Hawthorne Valley Association Inc Ghent, NY | $11,965,949 | $10,914,219 |
Operating Engineers Local 825 Springfield, NJ | $22,861,458 | $9,545,959 |
Operating Engineers Local 825 Sub Fund Springfield, NJ | $82,702,164 | $12,313,269 |
Nueva Esperanza Philadelphia, PA | $22,032,264 | $12,218,705 |
Opportunities For A Better Tomorrow Inc Brooklyn, NY | $2,168,451 | $7,819,105 |
Daybreak Independent Service Inc Yonkers, NY | $5,959,924 | $7,495,936 |
Eastern Atlantic States Carpenters Technical College Philadelphia, PA | $14,328,660 | $6,924,336 |
District Council 37 Educational Fund New York, NY | $10,076,820 | $7,327,627 |
Private Industry Council Of Passaic County Incorporated Paterson, NJ | $8,802,108 | $8,665,964 |