Plumbers & Pipefitters Local 162 Apprenticeship Tr
- Assets
- $979.9k
- Revenue
- $585.0k
- Investments
- $0.0
- Employees
- 19
- Location
- Dayton, OH
- Founding
- 04/1972
- Data as of
- 06/2022
- EIN
- 23-7167938
Organization Overview
Plumbers & Pipefitters Local 162 Apprenticeship Tr is located in Dayton, OH. 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, Plumbers & Pipefitters Local 162 Apprenticeship Tr employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Plumbers & Pipefitters Local 162 Apprenticeship Tr 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, Plumbers & Pipefitters Local 162 Apprenticeship Tr generated $585.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $550.4k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 6 years. 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
THE EDUCATION TRUST FUND WAS CREATED FOR THE PURPOSE OF ESTABLISHING A SCHOOL FOR THE TRAINING OF APPRENTICES AND JOURNEYMEN AND TO ADOPT PROGRAMS, PLANS, POLICIES, RULES, REGULATIONS, AND PROCEDURES FOR THE ADMISSION, EDUCATION, AND TRAINING OF EMPLOYEES IN THE PLUMBING, PIPE FITTING, REFRIGERATION, HEATING, AIR CONDITIONING, AND ALLIED INDUSTRIES. THE EDUCATION TRUST FUND WAS ALSO CREATED TO SPONSOR AND/OR FINANCE ANY ACTIVITY WHICH, IN THE OPINION OF THE TRUSTEES WILL FURTHER THE KNOWLEDGE AND SKILL OF EMPLOYEES ASSOCIATED WITH THE PLUMBING AND PIPE FITTING INDUSTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ACCOMPLISHED ITS MISSION OF PROVIDING CLASSROOM AND ON THE JOB TRAINING OF INDIVIDUALS FROM THE PLUMBER, PIPE FITTERS AND REFRIGERATION APPRENTICES AND CONTINUING EDUCATION FOR JOURNEYMEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Haskins Coordinator | Trustee | 40 | $91,447 |
Tim Haney Trustee | Trustee | 0.25 | $0 |
Greg Hobbs Trustee | Trustee | 0.25 | $0 |
Douglas Walker Trustee | Trustee | 0.25 | $0 |
Rodney Frye Trustee | Trustee | 0.25 | $0 |
Rob Mauro Trustee | Trustee | 0.25 | $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 | $3,500 |
| Noncash contributions included in lines 1a–1f | $3,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,500 |
| Total Program Service Revenue | $559,019 |
| Investment income | $29,313 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,874 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $584,958 |
| 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. | $150,791 |
| Compensation of current officers, directors, key employees. | $45,237 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $151,553 |
| Pension plan accruals and contributions | $29,094 |
| Other employee benefits | $23,956 |
| Payroll taxes | $20,829 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,288 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,720 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $11,257 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,000 |
| Travel | $525 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,954 |
| Insurance | $2,371 |
| All other expenses | $26,978 |
| Total functional expenses | $550,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $347,190 |
| Savings and temporary cash investments | $12,220 |
| 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 | $62,615 |
| Investments—publicly traded securities | $557,885 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $979,910 |
| Accounts payable and accrued expenses | $0 |
| 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 | $10,476 |
| Total liabilities | $10,476 |
| Net assets without donor restrictions | $969,434 |
| 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 | $979,910 |
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