Emerging Industries Training Institute Inc
- Assets
- $397.8k
- Revenue
- $592.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Detriot, MI
- Founding
- 01/2016
- Data as of
- 12/2021
- EIN
- 27-4625251
Organization Overview
Emerging Industries Training Institute Inc is located in Detriot, MI. The organization was established in 2016. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Emerging Industries Training Institute Inc 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, Emerging Industries Training Institute Inc generated $592.9k in total revenue. All expenses for the organization totaled $323.6k during the year ending 12/2021. While expenses have increased by 65.5% 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
VOCATIONAL SCHOOL WITH THE INTENT OF EQUIPPING UNDERSERVED COMMUNITIES WITH THE SKILLS AND KNOW HOW. TRAINING FOR ADOLESCENTS AND ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JOB PLACEMENT FOR GRADUATED STUDENTS
VOCATIONAL TRAINING WITH COMPLETION OF SKILLED TRADE CERTIFICATIONS
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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 | $579,205 |
| Investment income | $0 |
| 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 | $592,855 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $50,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $118,670 |
| Compensation of current officers, directors, key employees. | $118,670 |
| 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 | $0 |
| Fees for services: Accounting | $2,260 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $81,607 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $4,184 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $323,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,405 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,286 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $144,060 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $144,058 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $397,809 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $397,809 |
| 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 | $397,809 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Emerging Industries Training Institute Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Ally Charitable Foundation Charlotte, NC PURPOSE: COVID-19 SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Michigan Virtual University Lansing, MI | $20,118,001 | $24,041,661 |
Indiana-Kentucky-Ohio Reg Cncil Of Crpntrs Jt Apprntc & Training Fund Warsaw, IN | $28,193,626 | $13,811,625 |
Milwaukee Area Technical College Foundation Inc Milwaukee, WI | $33,356,211 | $18,292,742 |
Ohio Carpenters Joint Apprenticeship And Training Trust Columbus, OH | $9,324,678 | $6,147,861 |
Discovery World Ltd Milwaukee, WI | $54,832,813 | $7,226,516 |
Toledo Electrical Joint Apprenticeship & Training Trust Fu Rossford, OH | $10,809,393 | $5,479,236 |
Sheet Metal Workers Local 20 Apprenticeship & Training Tr Indianapolis, IN | $6,462,738 | $3,929,061 |
Plumbing And Pipefitting Educational Program Appleton, WI | $1,943,738 | $2,838,447 |
Payne Pulliam School Of Trade And Commerce Inc Detroit, MI | $509,435 | $2,932,292 |
Cincinnati Ohio Electrical Joint Apprenticeship & Training Trust Fu Cincinnati, OH | $5,198,378 | $3,445,760 |
Edwins Leadership And Restaurantinstitute Cleveland, OH | $533,045 | $2,577,512 |
Mound Street Academies Pickerington, OH | $0 | $711,755 |