Local 798 Training Center
- Assets
- $15.1m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 10
- Location
- Tulsa, OK
- Founding
- 03/2003
- Data as of
- 12/2021
- 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 12/2021, Local 798 Training Center employed 10 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 12/2021, Local 798 Training Center generated $2.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $3.5m during the year ending 12/2021. 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
2021
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 |
|---|---|---|---|
Farron Hollabaugh Director Of Training | Officer | 40 | $224,507 |
Rusty Long Instructor | 40 | $199,093 | |
Chris Waeckerle Instructor | 40 | $198,096 | |
Justin Fromme Instructor | 40 | $196,855 | |
Steven Smith Instructor | 40 | $195,961 | |
Kelly M Jellison Jr Instructor | 40 | $193,505 |
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 | $2,182,567 |
| Investment income | $180,288 |
| 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 | $2,364,355 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $78,320 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $366,041 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,289,744 |
| Pension plan accruals and contributions | $834,741 |
| Other employee benefits | $108,912 |
| Payroll taxes | $95,176 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,100 |
| Fees for services: Accounting | $11,500 |
| 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 | $316,075 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,497 |
| 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 | $171,261 |
| Insurance | $45,617 |
| All other expenses | $0 |
| Total functional expenses | $3,524,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,202 |
| Savings and temporary cash investments | $1,306,299 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,903 |
| 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 | $45,482 |
| Net Land, buildings, and equipment | $4,506,930 |
| Investments—publicly traded securities | $9,155,128 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,089,944 |
| Accounts payable and accrued expenses | $65,657 |
| 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 | $65,657 |
| Net assets without donor restrictions | $15,024,287 |
| 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 | $15,089,944 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Launchcode Foundation Saint Louis, MO | $16,718,030 | $16,796,933 |
North American University Stafford, TX | $17,187,030 | $12,287,470 |
Carpenters Joint Training Fund Of St Louis St Louis, MO | $23,316,031 | $11,452,308 |
Genesys Works Houston, TX | $3,513,316 | $7,886,001 |
Agape Development Ministries Houston, TX | $5,335,198 | $3,787,112 |
Gulf Coast Trades Center New Waverly, TX | $3,594,934 | $4,661,220 |
National Tactical Officers Association Colorado Springs, CO | $2,706,085 | $5,194,177 |
Skilled Kc Technical Institute Inc Kansas City, MO | $2,788,911 | $5,090,533 |
Rgr Industries Inc Weslaco, TX | $113,711 | $4,345,199 |
Local 798 Training Center Tulsa, OK | $15,089,944 | $2,364,355 |
The Texas International Institute Of Health Professions Houston, TX | $1,051,100 | $3,423,750 |
Gordon Parks Elementary School Kansas City, MO | $2,020,109 | $3,711,683 |