Forest Equipment Operator Training School
- Assets
- $19.7k
- Revenue
- $6.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Cary, NC
- Founding
- 04/2017
- Data as of
- 04/2022
- EIN
- 46-5441491
Organization Overview
Forest Equipment Operator Training School is located in Cary, NC. The organization was established in 2017. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forest Equipment Operator Training School 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 04/2022, Forest Equipment Operator Training School generated $6.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (54.9%) each year. All expenses for the organization totaled $13.0k during the year ending 04/2022. As we would expect to see with falling revenues, expenses have declined by (48.1%) per year over the past 6 years. 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
THE SCHOOL OFFERS A COMPREHENSIVE TRAINING PROGRAM ON LIVE LOGGING SITES AS WELL AS IN A MOBILE CLASSROOM. STUDENTS ARE TRAINED TO OPERATE LOGGING EQUIPMENT AND ARE TRAINED IN SAFETY, PROFESSIONALISM, PRODUCTIVITY AND TEAMWORK. STUDENTS ARE OFFERED ASSISTANCE WITH JOB PLACEMENT AFTER SUCCESSFUL COMPLETION OF THE TRAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL DIDN'T ENROLL OR GRADUATE ANY STUDENTS DURING THE YEAR. IN APRIL 2020, STUDENT ENROLLMENT WAS SUSPENDED INDEFINITELY DUE TO THE COVID19 PANDEMIC TO SAFEGUARD THE HEALTH OF STAFF AND STUDENTS. THE SCHOOL SOLD SOME OF ITS USED EQUIPMENT TO COVER THE COSTS OF THE PROGRAM.
THE SCHOOL DIDN'T ENROLL OR GRADUATE ANY STUDENTS DURING THE YEAR. IN APRIL 2020, STUDENT ENROLLMENT WAS SUSPENDED INDEFINITELY DUE TO THE COVID19 PANDEMIC TO SAFEGUARD THE HEALTH OF STAFF AND STUDENTS. THE SCHOOL SOLD SOME OF ITS USED EQUIPMENT TO COVER THE COSTS OF THE PROGRAM.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas V Duncan Ceo/director | OfficerTrustee | $0 | |
David E Meiggs Coo/director | OfficerTrustee | $0 | |
Norman Nance Director | Trustee | $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 | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $402 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $526 |
| Insurance | $1,398 |
| All other expenses | $164 |
| Total functional expenses | $13,006 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,911 |
| Savings and temporary cash investments | $1,800 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $10,002 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,713 |
| Accounts payable and accrued expenses | $0 |
| 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 | $86,500 |
| Total liabilities | $86,500 |
| Net assets without donor restrictions | -$66,787 |
| 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 | $19,713 |
Peer Organizations
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|---|---|---|
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Laurelbrook Sanitarium And School Incorporated Dayton, TN | $3,172,312 | $3,978,330 |
American College Of The Building Arts Charleston, SC | $8,182,078 | $3,152,550 |
Brillare Beauty Institute Cleveland, TN | $1,097,021 | $2,779,261 |
Plumbers & Pipefitters Local Union No 421 Joint Training Fund North Charleston, SC | $3,214,937 | $2,045,686 |
Plumbers & Pipefitters Locals 352 & 572 Joint Apprenticeship Committee Nashville, TN | $1,903,387 | $1,719,621 |
Tennessee Future Farmers Of America Foundation Inc Cookeville, TN | $8,783,000 | $1,550,962 |
Electrician Training Academy At Knoxville Knoxville, TN | $786,789 | $800,194 |
Virginia Technical Institute Altavista, VA | $3,192,036 | $814,315 |
Georgia Association For Career & Technical Education Inc Marietta, GA | $923,695 | $850,463 |
Roc Charlotte Inc Charlotte, NC | $796,896 | $491,119 |