Abc Craftmasters Training Tr
- Assets
- $930.0k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 13
- Location
- Beltsville, MD
- Founding
- 04/2009
- Data as of
- 06/2023
- EIN
- 26-3715068
Organization Overview
Abc Craftmasters Training Tr is located in Beltsville, MD. The organization was established in 2009. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 06/2023, Abc Craftmasters Training Tr employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abc Craftmasters Training 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 06/2023, Abc Craftmasters Training Tr generated $1.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $926.1k during the year ending 06/2023. While expenses have increased by 1.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP CONSTRUCTION TRADE PROFESSIONALS THROUGH INNOVATIVE EDUCATIONAL PROGRAMMING THAT PROVIDES THE METRO WASHINGTON REGION WITH THE MOST HIGHLY-SKILLED WORKFORCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING AND EDUCATION- PRE-APPRENTICESHIP AND APPRENTICESHIP PROGRAMS, AND TRAINING FOR CONSTRUCTION TRADES.
AWARDS AND SCHOLARSHIPS TO APPRENTICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leigh Press Chair (beg 1/1/2023) | OfficerTrustee | 1.3 | $0 |
Brian Fish Trustee | Trustee | 0.1 | $0 |
Steve Boden Trustee | Trustee | 0.1 | $0 |
Ted Warrington Trustee | Trustee | 0.1 | $0 |
Joshua Ault Trustee (beg 1/1/23) | Trustee | 0.1 | $0 |
John Clay Secretary/treasurer | OfficerTrustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $38,600 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $68,981 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $107,581 |
| Total Program Service Revenue | $889,880 |
| Investment income | $2,372 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $950 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,432 |
| Net Income from Gaming Activities | $1,176 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,011,114 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $44,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,549 |
| Compensation of current officers, directors, key employees. | $1,593 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $237,053 |
| Pension plan accruals and contributions | $9,278 |
| Other employee benefits | $18,409 |
| Payroll taxes | $20,926 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,895 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $618 |
| Fees for services: Other | $216,294 |
| Advertising and promotion | $0 |
| Office expenses | $20,459 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $131,173 |
| Travel | $844 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,730 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $77,107 |
| Insurance | $5,931 |
| All other expenses | $97 |
| Total functional expenses | $926,143 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $541,337 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $19,939 |
| Accounts receivable, net | $36,000 |
| 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 | $2,892 |
| Net Land, buildings, and equipment | $115,313 |
| Investments—publicly traded securities | $85,058 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $129,426 |
| Total assets | $929,965 |
| Accounts payable and accrued expenses | $86,053 |
| Grants payable | $0 |
| Deferred revenue | $45,468 |
| 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 | $295,220 |
| Total liabilities | $426,741 |
| Net assets without donor restrictions | $324,894 |
| Net assets with donor restrictions | $178,330 |
| 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 | $929,965 |