Ohio Laborers Training And Apprenticeship Fund
- Assets
- $24.3m
- Revenue
- $9.0m
- Investments
- $0.0
- Employees
- 52
- Location
- Westerville, OH
- Founding
- 10/1968
- Data as of
- 12/2023
- EIN
- 31-0739703
Organization Overview
Ohio Laborers Training And Apprenticeship Fund, operating under the name Ohio Laborers Training & Apprenticeship Trust Fund, is located in Westerville, OH. The organization was established in 1968. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2023, Ohio Laborers Training & Apprenticeship Trust Fund employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ohio Laborers Training & Apprenticeship Trust 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 12/2023, Ohio Laborers Training & Apprenticeship Trust Fund generated $9.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $9.0m during the year ending 12/2023. While expenses have increased by 6.1% per year over the past 9 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
THE FUND ADMINISTERS A STATEWIDE APPRENTICESHIP PROGRAM FOR LABORERS AND PROVIDES TRAINING AND UPGRADING TO CONSTRUCTION LABORERS THROUGH CLASSROOM AND HANDS-ON INSTRUCTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND PROVIDED TRAINING TO MEMBERS SPECIFICALLY TO SAFETY-IN-USE PROPER TECHNIQUES IN USE OF EQUIPMENT IMPROVEMENT OF SKILLS AND TRAINING TOWARDS FUTURE PROJECTS. THE FUND OVERSEES AN APPRENTICESHIP PROGRAM. ADDITIONALLY IT OWNS A TRAINING CENTER THAT TRAINS OVER 4,000 STUDENTS ANNUALLY IN A VARIETY OF CLASSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Flynn Executive Director | Officer | 40 | $112,563 |
Dennis Underwood Executive Director | Officer | 40 | $164,439 |
Ralph Cole Chairman | Trustee | 1 | $0 |
Clint Powell Business Manager | Trustee | 1 | $0 |
Anthony Liberatore Jr Business Manager | Trustee | 1 | $0 |
Robert Richardson Vice President Regional Manager | Trustee | 1 | $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 | $8,629,658 |
| Investment income | $404,084 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$31,843 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,015,765 |
| 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. | $545,987 |
| Compensation of current officers, directors, key employees. | $545,987 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,892,746 |
| Pension plan accruals and contributions | $489,807 |
| Other employee benefits | $909,035 |
| Payroll taxes | $311,673 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $81,522 |
| Fees for services: Accounting | $16,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $39,469 |
| Fees for services: Other | $0 |
| Advertising and promotion | $44,045 |
| Office expenses | $948,737 |
| Information technology | $89,880 |
| Royalties | $0 |
| Occupancy | $186,613 |
| Travel | $638,496 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,310 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,043,139 |
| Insurance | $97,811 |
| All other expenses | $0 |
| Total functional expenses | $8,984,836 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,734,574 |
| Savings and temporary cash investments | $209,667 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $701,071 |
| 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 | $99,777 |
| Net Land, buildings, and equipment | $13,223,164 |
| Investments—publicly traded securities | $8,283,320 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,251,573 |
| Accounts payable and accrued expenses | $857,863 |
| 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 | $857,863 |
| 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 | $23,393,710 |
| Total liabilities and net assets/fund balances | $24,251,573 |