Operating Engineers Local 324 Journeymen & Apprentice Training F
- Assets
- $25.9m
- Revenue
- $10.6m
- Investments
- $0.0
- Employees
- 72
- Location
- Howell, MI
- Founding
- 04/1995
- Data as of
- 04/2023
- EIN
- 38-3215444
Organization Overview
Operating Engineers Local 324 Journeymen & Apprentice Training F is located in Howell, MI. The organization was established in 1995. As of 04/2023, Operating Engineers Local 324 Journeymen & Apprentice Training F employed 72 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Operating Engineers Local 324 Journeymen & Apprentice Training F 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 04/2023, Operating Engineers Local 324 Journeymen & Apprentice Training F generated $10.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $10.0m during the year ending 04/2023. While expenses have increased by 8.9% 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
THE JOURNEYMAN AND APPRENTICE TRAINING FUND, INC. PROVIDES CONTINUING EDUCATION OPPORTUNITIES FOR APPRENTICES AND NEW AND EXPERIENCED OPERATING ENGINEERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTION AND ADMINISTRATION OF CONTRIBUTIONS, INSTRUCTION, AND TRAINING OF PARTICIPANTS RELATED TO THE OPERATION OF HEAVY EQUIPMENT AND FUNCTIONS AND RESPONSIBILITIES OF BEING AN OPERATING ENGINEER.
EXCESS GOVERNMENT PROPERTY IS MAINTAINED BY THE FUND FOR USE IN THE TRAINING PROGRAMS PURSUANT TO COOPERATIVE AGREEMENT BETWEEN THE INTERNATIONAL UNION OF OPERATING ENGINEERS AND THE U.S DEPT OF LABOR. THE FUND HELD GOVERNMENT PROPERTY AT YEAR END OF $423,550.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Stockwell Chairman | OfficerTrustee | 2 | $0 |
Kenneth Dombrow Trustee | Trustee | 2 | $0 |
Lee A Graham Trustee | Trustee | 2 | $0 |
Brandon Popps Trustee | Trustee | 2 | $0 |
Scott Hart Trustee/administrator | OfficerTrustee | 2 | $0 |
James Oleksinski Secretary | Trustee | 2 | $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 | $39,525 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,525 |
| Total Program Service Revenue | $10,517,074 |
| Investment income | $41,209 |
| 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 | -$2,172 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,599,294 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,552,354 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,042,247 |
| Payroll taxes | $291,101 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,303 |
| Fees for services: Accounting | $50,164 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $76,742 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $308,335 |
| Travel | $366,245 |
| 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 | $1,131,049 |
| Insurance | $220,434 |
| All other expenses | $169,797 |
| Total functional expenses | $9,961,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,061,661 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,484 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,814 |
| Prepaid expenses and deferred charges | $148,891 |
| Net Land, buildings, and equipment | $16,267,316 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,434,913 |
| Total assets | $25,934,079 |
| Accounts payable and accrued expenses | $571,353 |
| 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 | $571,353 |
| Net assets without donor restrictions | $25,362,726 |
| 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 | $25,934,079 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Operating Engineers Local 324 Journeymen & Apprentice Training F Howell, MI | $25,934,079 | $10,599,294 |
Lakeshore Technical College Foundation Inc Cleveland, WI | $4,903,776 | $852,080 |
Cincinnati State Technical And Community College Foundation Cincinnati, OH | $17,484,127 | $3,575,978 |
Northeast Wisconsin Technical College Education Foundation Green Bay, WI | $6,646,938 | $2,182,856 |
Zane State College Foundation Zanesville, OH | $12,637,212 | $866,965 |
Marion Technical College Foundation Inc Marion, OH | $1,718,734 | $308,844 |