Steamfitters Training School Inc
- Assets
- $3.1m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 160
- Location
- Milwaukee, WI
- Founding
- 11/1959
- Data as of
- 05/2023
- 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 05/2023, Steamfitters Training School Inc employed 160 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 05/2023, Steamfitters Training School Inc generated $5.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $5.0m during the year ending 05/2023. While expenses have increased by 11.2% 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
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 286 APPRENTICES AND 48 PRE-APPRENTICES WERE IN THE PROGRAM AS OF 5/31/23.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Zielke Chairman | OfficerTrustee | 1 | $0 |
Dajen Bohacek Secretary | OfficerTrustee | 1 | $0 |
Doug Edwards Union Trustee | OfficerTrustee | 1 | $0 |
David Lewis II Labor Trustee (thru 6/22) | Trustee | 5 | $13,260 |
Mark Riehle Employer Trustee | Trustee | 1 | $0 |
David Ahler Employer Trustee (thru 9/22) | 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 | $65,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,000 |
| Total Program Service Revenue | $5,621,194 |
| Investment income | $20,917 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$19,994 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,733,784 |
| 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. | $8,440 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,043,217 |
| Pension plan accruals and contributions | $585,861 |
| Other employee benefits | $362,425 |
| Payroll taxes | $178,122 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,004 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,060 |
| Fees for services: Other | $31,422 |
| Advertising and promotion | $0 |
| Office expenses | $73,059 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $840,386 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,288 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $149,689 |
| Insurance | $10,399 |
| All other expenses | $24,177 |
| Total functional expenses | $5,019,785 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,222,283 |
| Savings and temporary cash investments | $30,712 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $585,991 |
| 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 | $3,753 |
| Net Land, buildings, and equipment | $745,746 |
| Investments—publicly traded securities | $497,646 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,086,131 |
| Accounts payable and accrued expenses | $582,528 |
| 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 | $582,528 |
| Net assets without donor restrictions | $2,503,603 |
| 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 | $3,086,131 |