Plumbers & Steamfitters Local 7 Apprentice Training Fund
- Assets
- $2.0m
- Revenue
- $1.2m
- Investments
- $1.5m
- Employees
- 0
- Location
- Latham, NY
- Founding
- 10/1973
- Data as of
- 06/2021
- EIN
- 23-7278303
Organization Overview
Plumbers & Steamfitters Local 7 Apprentice Training Fund is located in Latham, NY. The organization was established in 1973. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, 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. Plumbers & Steamfitters Local 7 Apprentice 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 06/2021, Plumbers & Steamfitters Local 7 Apprentice Training Fund generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $960.4k during the year ending 06/2021. While expenses have increased by 4.5% 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 PROVIDE TRAINING AND EDUCATION TO APPRENTICES AND JOURNEYMEN IN THE PLUMBING AND STEAMFITTING INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND PROVIDES DEVELOPMENT OF SKILLS OF JOURNEYMEN AND APPRENTICES IN THE PLUMBING AND PIPEFITTING INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Bliven Trustee | Officer | 5 | $1,672 |
Joseph Burniche Trustee | Officer | 1 | $352 |
John Dority Co-Chairman | Officer | 5 | $352 |
Robert Snyder Trustee | Officer | 1 | $352 |
Brian Lydon Co-Chairman | Officer | 1 | $0 |
Omar Rivera Trustee | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,390 |
| Investment income | $41,329 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,175,040 |
| Statement of Expenses | |
|---|---|
| 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. | $2,728 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $259,284 |
| Pension plan accruals and contributions | $37,030 |
| Other employee benefits | $25,689 |
| Payroll taxes | $32,076 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,782 |
| Fees for services: Accounting | $3,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,330 |
| Office expenses | $57,541 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $144,059 |
| Travel | $5,822 |
| 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 | $12,886 |
| Insurance | $13,106 |
| All other expenses | $0 |
| Total functional expenses | $960,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $241,413 |
| Savings and temporary cash investments | $0 |
| 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 | $37,042 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,493,610 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,031,484 |
| Accounts payable and accrued expenses | $14,116 |
| 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 | $14,116 |
| 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 |
| Total liabilities and net assets/fund balances | $2,017,368 |