Iupat Finishing Trades Institute

Organization Overview

Iupat Finishing Trades Institute is located in Hanover, MD. The organization was established in 1996. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 06/2021, Iupat Finishing Trades Institute employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iupat Finishing Trades Institute 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 06/2021, Iupat Finishing Trades Institute generated $7.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $6.2m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE PURPOSE OF THE FTI IS TO ESTABLISH AND MAINTAIN JOINT APPRENTICESHIP AND VOCATIONAL TRAINING, EDUCATION AND RETRAINING PROGRAMS AND TO ENSURE THAT ALL TRAINING AND APPRENTICESHIP PROGRAMS THROUGHOUT THE UNITED STATES AND CANADA ARE MAINTAINED AT THE HIGHEST LEVEL OF QUALITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DEVELOPED, PROMOTED AND CONDUCTED TRAINING AND EDUCATION COURSES, CONFERENCES, SEMINARS, CONTESTS AND AWARDS FOR WORKERS TO LEARN THE TRADES REPRESENTED BY THE INTERNATIONAL UNION OF PAINTERS AND ALLIED TRADES, AFL-CIO AND TO ENHANCE THE JOB SKILLS OF EXPERIENCED UNION MEMBERS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Iupat Building Corp
Rental Services
$1,178,902
K-learning Group
Online Training Services
$800,501
Sspc
Continuing Eduction Services
$362,235
Iupat General Fund
Administrative
$323,210
Agmcc
Continuing Eduction Services
$116,550
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $257,018
All other contributions, gifts, grants, and similar amounts not included above$119,234
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$376,252
Total Program Service Revenue$7,293,409
Investment income $133,068
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $24,077
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,845,156

Grants Awarded

Over the last fiscal year, Iupat Finishing Trades Institute has awarded $332,000 in support to 3 organizations.

Grant RecipientAmount

FINISHING TRADES INSTITUTE OF WESTERN PA

Org PageRecipient Profile

Carnegie, PA

PURPOSE: GRANT FINANCIAL SUPPORT

$133,333

FINISHING TRADES INSTITUTE OF DISTRICT COUNCIL 88

Org PageRecipient Profile

Houston, TX

PURPOSE: GRANT FINANCIAL SUPPORT

$120,000

FINISHING TRADES INSTITUTE OF SOUTHERN NEW ENGLAND

Org PageRecipient Profile

Middletown, CT

PURPOSE: GRANT FINANCIAL SUPPORT

$78,667
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Iupat Finishing Trades Institute has recieved totaling $243,447.

Awarding OrganizationAmount
Cpwr The Center For Construction Research And Training

Silver Spring, MD

PURPOSE: SAFETY AND HEALTH TRAINING

$240,658
Glaziers Architectural Metal Workers & Glass Workers Union

Philadelphia, PA

PURPOSE: SUBSIDIZE BENEFIT FUND TO AID CONTRIBUTING EMPLOYER IN COMPETITIVE BIDDING.

$2,789
View Grant Recipient Profile

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