Eastern Millwright Regional Council Apprenticeship & Training Fund
- Assets
- $8.2m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 33
- Location
- Framingham, MA
- Founding
- 03/1994
- Data as of
- 06/2022
- EIN
- 25-7249537
Organization Overview
Eastern Millwright Regional Council Apprenticeship & Training Fund is located in Framingham, MA. The organization was established in 1994. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 06/2022, Eastern Millwright Regional Council Apprenticeship & Training Fund employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eastern Millwright Regional Council Apprenticeship & 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 06/2022, Eastern Millwright Regional Council Apprenticeship & Training Fund generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $2.5m during the year ending 06/2022. While expenses have increased by 19.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION AND TRAINING OF UNION MILLWRIGHT APPRENTICES AND JOURNEYMEN
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION AND TRAINING OF UNION MILLWRIGHT APPRENTICES AND JOURNEYMEN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Cole Training Director/coordinator | 40 | $125,443 | |
Robert E Loubier Chairman | OfficerTrustee | 1 | $0 |
Thomas S Gunning Mgmt Trustee/sec-Treasur | OfficerTrustee | 0.5 | $0 |
Jonathan H Miller Management Trustee | Trustee | 0.5 | $0 |
Sean M Duggan Management Trustee | Trustee | 0.5 | $0 |
Randy Edgerly Management Trustee | Trustee | 0.5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,536,166 |
| Investment income | $10,308 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,963 |
| 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 | $2,598,641 |
| 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. | $187,371 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $585,301 |
| Pension plan accruals and contributions | $128,467 |
| Other employee benefits | $279,933 |
| Payroll taxes | $77,181 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,191 |
| Fees for services: Accounting | $25,543 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,027 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $47,947 |
| Information technology | $18,923 |
| Royalties | $0 |
| Occupancy | $358,933 |
| Travel | $14,810 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $63,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $274,677 |
| Insurance | $63,967 |
| All other expenses | $0 |
| Total functional expenses | $2,531,502 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,918,644 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,335,064 |
| Investments—publicly traded securities | $676,364 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $268,184 |
| Total assets | $8,198,256 |
| 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 | $85,294 |
| Total liabilities | $85,294 |
| 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 | $8,112,962 |
| Total liabilities and net assets/fund balances | $8,198,256 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bellwether Education Partners Inc Sudbury, MA | $12,819,060 | $18,147,451 |
Workforce Development Institute Inc Albany, NY | $2,796,326 | $10,204,057 |
Vhs Inc Maynard, MA | $2,159,485 | $7,029,751 |
United For Respect Education Fund Brooklyn, NY | $7,552,270 | $7,410,651 |
1st Street Foundation Inc Brooklyn, NY | $4,623,074 | $8,726,760 |
More Than Words Inc Boston, MA | $15,091,779 | $6,459,719 |
West Bay Collaborative Inc Warwick, RI | $2,617,303 | $5,710,370 |
Leading Edge Alliance Inc New York, NY | $10,397,327 | $8,264,467 |
Nashua Adult Learning Center Inc Nashua, NH | $5,002,850 | $5,676,963 |
Vermont Adult Learning Inc Waitsfield, VT | $1,289,780 | $4,391,996 |
Connecticut Center For Arts & Technology Inc New Haven, CT | $3,075,426 | $11,576,748 |
Read To Lead Inc New York, NY | $3,901,385 | $3,177,958 |