Pipefitters Educational & Building Fund 49-0027-00-0
- Assets
- $4.1m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 6
- Location
- Troy, MI
- Founding
- 05/1974
- Data as of
- 12/2022
- EIN
- 38-6221933
Organization Overview
Pipefitters Educational & Building Fund 49-0027-00-0 is located in Troy, MI. The organization was established in 1974. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2022, Pipefitters Educational & Building Fund 49-0027-00-0 employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pipefitters Educational & Building Fund 49-0027-00-0 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 12/2022, Pipefitters Educational & Building Fund 49-0027-00-0 generated $2.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. While expenses have increased by 2.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TRAINING SCHOOL - EDUCATION OF PIPEFITTERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PIPEFITTERS APPRENTICE TRAINING PROGRAM AND JOURNEYMEN CONTINUING EDUCATION PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl Grolle Trustee | OfficerTrustee | 0.25 | $0 |
Rick Fast Trustee | Trustee | 0.25 | $0 |
James Wilson Director | Officer | 40 | $167,851 |
Bill Helwig Trustee | Trustee | 0.25 | $0 |
Sam Cadena Trustee | Trustee | 0.25 | $0 |
Chris Freeman Trustee | Trustee | 0.25 | $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 | $23,469 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,469 |
| Total Program Service Revenue | $2,231,500 |
| Investment income | $4,267 |
| 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 | $2,259,236 |
| 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. | $167,851 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $632,978 |
| Pension plan accruals and contributions | $248,669 |
| Other employee benefits | $181,833 |
| Payroll taxes | $59,748 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $48,014 |
| Fees for services: Accounting | $10,530 |
| 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 | $40,162 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $199,401 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,186 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $82,496 |
| Insurance | $28,589 |
| All other expenses | $320,971 |
| Total functional expenses | $2,134,838 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,497,663 |
| Savings and temporary cash investments | $259,735 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $158,679 |
| 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 | $10,913 |
| Net Land, buildings, and equipment | $1,147,495 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $829 |
| Total assets | $4,075,314 |
| Accounts payable and accrued expenses | $148,549 |
| 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 | $148,549 |
| Net assets without donor restrictions | $3,926,765 |
| 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 | $4,075,314 |
Grants Awarded
Over the last fiscal year, Pipefitters Educational & Building Fund 49-0027-00-0 has awarded $13,952 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PLUMBERS INDUSTRY TRAINING CENTER PURPOSE: APPENTICE CONTEST | $6,952 |
SPRINKLERFITTERS LOCAL 704 TRAINING CENTER PURPOSE: APPRENTICE CONTEST | $7,000 |