Steamfitters Training School Inc
- Assets
- $2.3m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 125
- Location
- Milwaukee, WI
- Founding
- 11/1959
- Data as of
- 05/2022
- EIN
- 39-0945040
Organization Overview
Steamfitters Training School Inc is located in Milwaukee, WI. The organization was established in 1959. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 05/2022, Steamfitters Training School Inc employed 125 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Steamfitters Training School 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 05/2022, Steamfitters Training School Inc generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $4.6m during the year ending 05/2022. While expenses have increased by 11.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE AND MAINTAIN A SCHOOL OR TRAINING PROGRAM FOR WORKMEN IN THE PIPE-FITTING TRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRAINING SCHOOL WAS ORGANIZED TO ESTABLISH, OPERATE AND MAINTAIN A SCHOOL OR TRAINING PROGRAM FOR WORKMEN IN THE PIPEFITTING TRADE AND RELATED OCCUPATIONS, INCLUDING, WITHOUT LIMITATIONS, CLASSES ON INSTRUCTION, INSTITUTES, CONFERENCES AND EDUCATIONAL MEETINGS. APPROXIMATELY 342 APPRENTICES AND 61 PRE-APPRENTICES WERE IN THE PROGRAM AS OF 5/31/22.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Valerine Training Director | 48 | $136,543 | |
Stephen Braley Service Training Coordinator | 45 | $127,018 | |
James Lemens Madison Training Coordinator | 45 | $124,126 | |
Daniel Kosinski Welding Training Coordinator | 45 | $119,815 | |
David Lewis II Labor Trustee | Trustee | 5 | $14,521 |
Dajen Bohacek Secretary | OfficerTrustee | 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 | $29,226 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,226 |
| Total Program Service Revenue | $4,542,948 |
| Investment income | $25,474 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $600 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,646,602 |
| 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. | $17,651 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,694,797 |
| Pension plan accruals and contributions | $453,572 |
| Other employee benefits | $263,809 |
| Payroll taxes | $148,910 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,999 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,429 |
| Fees for services: Other | $30,185 |
| Advertising and promotion | $0 |
| Office expenses | $76,718 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $814,041 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,241 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $153,073 |
| Insurance | $17,441 |
| All other expenses | $13,209 |
| Total functional expenses | $4,642,258 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $585,805 |
| Savings and temporary cash investments | $32,888 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $439,088 |
| 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 | $3,582 |
| Net Land, buildings, and equipment | $782,945 |
| Investments—publicly traded securities | $502,460 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,346,768 |
| Accounts payable and accrued expenses | $550,395 |
| 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 | $550,395 |
| Net assets without donor restrictions | $1,796,373 |
| 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 | $2,346,768 |