Hobart Institute Of Welding Technology

Organization Overview

Hobart Institute Of Welding Technology is located in Troy, OH. The organization was established in 1940. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2021, Hobart Institute Of Welding Technology employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hobart Institute Of Welding Technology 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 12/2020, Hobart Institute Of Welding Technology generated $8.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $7.6m during the year ending 12/2020. While expenses have increased by 0.9% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

POST SECONDARY EDUCATION AND JOB TRAINING

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE HOBART INSTITUTE OF WELDING TECHNOLOGY IS A NONPROFIT INSTITUTION DEDICATED TO WELDING TRAINING AND EDUCATION EXCELLENCE. HOBART INSTITUTE IS COMMITTED TO HELPING INDIVIDUALS DEVELOP MARKETABLE WELDING SKILLS THROUGH QUALITY TRAINING AT MINIMUM COST. THE INSTITUTE EDUCATES AND TRAINS INDIVIDUALS IN THE USE AND APPLICATION OF WELDING TECHNOLOGIES; DEVELOPS AND DISSEMINATES WELDING TRAINING AND EDUCATIONAL MATERIALS; AND CONDUCTS CERTIFICATION RESEARCH AND QUALIFICATIONS FOR THE WELDING INDUSTRY. HOBART INSTITUTE STRIVES TO DEVELOP NEW AND BETTER WELDING TRAINING METHODS AND TRAINING MATERIALS AND TO MAKE WELDING TRAINING AVAILABLE TO ALL.


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Board, Officers & Key Employees

Name (title)Compensation
Scott Mazzulla
President
$196,197
Ruth Clark
Secretary/treasurer
$155,042
Charles Carpenter
Director Of Skill Education
$104,351
Charlie Ribardo
Director
$0
Kevin Garman
Director
$0
Lois Bertke
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
D9 Technologies
It Products & Services
$222,648
Mccarthy Industrial Contractor
Booths - Purchase & Installation
$172,309
Clean Team
Cleaning Services
$136,337
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$1,350,626
Investment income $125,086
Tax Exempt Bond Proceeds $0
Royalties $1,504
Net Rental Income $295,452
Net Gain/Loss on Asset Sales -$53,481
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $410,188
Miscellaneous Revenue$0
Total Revenue $8,624,823

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Hobart Institute Of Welding Technology has recieved totaling $10,005.

Awarding OrganizationAmount
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$10,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$5
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$790,807
Earnings$131,042
Net Contributions$48,725
Grants$79,909
Ending Balance$890,665

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