International Training Institute For The Sheet Metal & Ac Industry
- Assets
- $68.1m
- Revenue
- $17.9m
- Investments
- $0.0
- Employees
- 24
- Location
- Falls Church, VA
- Founding
- 12/1971
- Data as of
- 12/2021
- EIN
- 52-0914827
Organization Overview
International Training Institute For The Sheet Metal & Ac Industry is located in Falls Church, VA. The organization was established in 1971. According to its NTEE Classification (J02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Employment and related organizations. As of 12/2021, International Training Institute For The Sheet Metal & Ac Industry employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Training Institute For The Sheet Metal & Ac Industry 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, International Training Institute For The Sheet Metal & Ac Industry generated $17.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $10.9m during the year ending 12/2021. While expenses have increased by 4.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AND PROVIDE EDUCATIONAL SERVICES AND TRAINING RESOURCES FOR APPRENTICES AND JOURNEY PERSONS IN THE SHEET METAL AND AIR CONDITIONING INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DEVELOP AND PROVIDE EDUCATIONAL SERVICES AND TRAINING FOR APPRENTICES AND JOURNEY PERSONS IN THE SHEET METAL AND AIR CONDITIONING INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Mccallum Executive Director | Officer | 40 | $240,222 |
Michael T Harris Administrator | Officer | 40 | $219,287 |
Ronald Mcguire Program Director | 40 | $196,601 | |
Leonard Liebert Field Coordinator | 40 | $167,152 | |
Timothy Mihalik Field Coordinator | 40 | $167,152 | |
James Shoulders Field Coordinator | 40 | $166,948 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cdw Direct Llc Technology Solutions And Equipment | 12/30/21 | $654,156 |
Mosaic Learning Inc Software And E-learning Services | 12/30/21 | $399,959 |
Smw National Pension Fund Asa Agreement | 12/30/21 | $315,390 |
Trimble Inc Software, Hardware And Tech Services | 12/30/21 | $269,812 |
Interplay Learning Online And Vr Training | 12/30/21 | $305,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $399,800 |
| 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 | $399,800 |
| Total Program Service Revenue | $13,674,773 |
| Investment income | $1,152,062 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,637,129 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,921,837 |
| 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. | $627,732 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,652,792 |
| Pension plan accruals and contributions | $771,089 |
| Other employee benefits | $1,031,691 |
| Payroll taxes | $200,798 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $70,831 |
| Fees for services: Accounting | $45,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $476,564 |
| Fees for services: Other | $1,039,109 |
| Advertising and promotion | $0 |
| Office expenses | $1,797,602 |
| Information technology | $180,456 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $300,195 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38,953 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $103,123 |
| Insurance | $109,219 |
| All other expenses | $0 |
| Total functional expenses | $10,897,249 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,764,940 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $30,888 |
| Accounts receivable, net | $2,023,014 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $238,214 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $91,415 |
| Net Land, buildings, and equipment | $529,877 |
| Investments—publicly traded securities | $56,416,896 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $68,095,244 |
| Accounts payable and accrued expenses | $685,149 |
| 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 | $190,001 |
| Total liabilities | $875,150 |
| Net assets without donor restrictions | $67,220,094 |
| 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 | $68,095,244 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that International Training Institute For The Sheet Metal & Ac Industry has recieved totaling $113,620.
| Awarding Organization | Amount |
|---|---|
Cpwr The Center For Construction Research And Training Silver Spring, MD PURPOSE: SAFETY AND HEALTH TRAINING | $113,620 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mechanical Licensing Collective Nashville, TN | $740,209,302 | $31,029,910 |
International Training Institute For The Sheet Metal & Ac Industry Falls Church, VA | $68,095,244 | $17,921,837 |
Grow Capital Jobs Foundation Richmond, VA | $210,397 | $1,098,203 |
Root Change Washington, DC | $88,110 | $793,726 |
Workers Dignity Project Nashville, TN | $443,097 | $760,360 |
Kentucky Labor Management Conference Inc Frankfort, KY | $220,443 | $0 |
Boom Beans Llc Nicholasville, KY | $8,716 | $0 |
Wit-Ops Silver Spring, MD | $0 | $0 |
Virginia Spqa Arlington, VA | $143,888 | $0 |
Coworker Washington, DC | $3,528 | $0 |