Local 798 Training Center
- Assets
- $13.3m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 8
- Location
- Tulsa, OK
- Founding
- 03/2003
- Data as of
- 12/2023
- EIN
- 41-2058689
Organization Overview
Local 798 Training Center is located in Tulsa, OK. The organization was established in 2003. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 12/2023, Local 798 Training Center employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Local 798 Training Center 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 12/2023, Local 798 Training Center generated $3.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $3.1m during the year ending 12/2023. 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 PROVIDE EDUCATION AND TRAINING TO INDIVIDUALS EMPLOYED IN THE PIPELINE INDUSTRY THROUGHOUT THE UNITED STATES
Describe the Organization's Program Activity:
Part 3 - Line 4a
WELDING TRAINING - PIPELINE INDUSTRY STANDARDS REQUIRE PIPELINE EMPLOYEES TO OBTAIN CERTAIN LEVELS OF TRAINING DEPENDING UPON THEIR CLASSIFICATION THE TRAINING CENTER CONTRACTS INDIVIDUALS TO PROVIDE TRAINING FOR THOSE NEEDING SUCH EDUCATION & TRAINING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Hendrix Trustee, Co Chairman | OfficerTrustee | 0.1 | $0 |
Justin Wallace Trustee, Secretary | OfficerTrustee | 0.1 | $0 |
Robert Kime Trustee | Trustee | 0.1 | $0 |
Steven Rooney Trustee, Chairman | OfficerTrustee | 0.1 | $0 |
Ronnie Wise Trustee | Trustee | 0.1 | $0 |
Kelly Osborn Trustee | Trustee | 0.1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,696,455 |
| Investment income | $300,694 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $77,286 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,079,685 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $13,200 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $388,173 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,201,578 |
| Pension plan accruals and contributions | $532,373 |
| Other employee benefits | $214,630 |
| Payroll taxes | $89,001 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,815 |
| Fees for services: Accounting | $12,500 |
| 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 | $258,070 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $68,636 |
| Travel | $0 |
| 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 | $150,774 |
| Insurance | $46,454 |
| All other expenses | $0 |
| Total functional expenses | $3,103,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,488 |
| Savings and temporary cash investments | $1,310,826 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $126,041 |
| 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 | $2,287 |
| Net Land, buildings, and equipment | $4,263,079 |
| Investments—publicly traded securities | $7,378,521 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,287,242 |
| Accounts payable and accrued expenses | $237,863 |
| 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 | $39,000 |
| Total liabilities | $276,863 |
| Net assets without donor restrictions | $13,010,379 |
| 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 | $13,287,242 |