Insulation Industrys National Apprentice And Training Fund is located in Lanham, MD. The organization was established in 1971. According to its NTEE Classification (J22) the organization is classified as: Job Training, 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. Insulation Industrys National Apprentice And Training 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, Insulation Industrys National Apprentice And Training Fund generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. 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 PROVIDE FUNDS, MATERIALS AND INSTRUCTION FOR TRAINING APPRENTICES IN THE ASBESTOS INSULATION INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICE ACTIVITIES ARE THOSE RELATING TO PROVIDING MATERIALS, WORKBOOKS, GUIDES AND AUDIO/VISUAL PRESENTATIONS REGARDING TRAINING OF APPRENTICES AND TO PROVIDE CONTINUING EDUCATION
Name (title) | Role | Hours | Compensation |
---|---|---|---|
John Stahl National Director | Officer | 40 | $0 |
Doug Gamble Union Representative | Trustee | 2 | $0 |
Greg Revard Union Representative | Trustee | 2 | $0 |
Rick Sutphin Nia Representative | Trustee | 2 | $0 |
Dean Burrows Nia Representative | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $441,353 |
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 | $441,353 |
Total Program Service Revenue | $2,573,563 |
Investment income | $72,606 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $29,429 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,129,986 |
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 | $153 |
Fees for services: Accounting | $15,462 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $26,364 |
Fees for services: Other | $2,593 |
Advertising and promotion | $0 |
Office expenses | $82,850 |
Information technology | $78,749 |
Royalties | $0 |
Occupancy | $36,808 |
Travel | $1,014 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $219,145 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $30,955 |
Insurance | $14,996 |
All other expenses | $0 |
Total functional expenses | $1,295,661 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $97,250 |
Savings and temporary cash investments | $2,167,970 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $401,270 |
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 | $100,658 |
Investments—publicly traded securities | $3,238,762 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $6,005,910 |
Accounts payable and accrued expenses | $48,410 |
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 | $48,410 |
Net assets without donor restrictions | $5,957,500 |
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 | $6,005,910 |
Over the last fiscal year, we have identified 1 grants that Insulation Industrys National Apprentice And Training Fund has recieved totaling $488,391.
Awarding Organization | Amount |
---|---|
Cpwr The Center For Construction Research And Training Silver Spring, MD PURPOSE: SAFETY AND HEALTH TRAINING | $488,391 |