Electrical Local No 26 Joint Apprenticeship & Training Tr Fund
- Assets
- $34.0m
- Revenue
- $15.3m
- Investments
- $0.0
- Employees
- 65
- Location
- Lanham, MD
- Founding
- 06/1968
- Data as of
- 06/2023
- EIN
- 52-6068019
Organization Overview
Electrical Local No 26 Joint Apprenticeship & Training Tr Fund is located in Lanham, MD. The organization was established in 1968. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 06/2023, Electrical Local No 26 Joint Apprenticeship & Training Tr Fund employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Electrical Local No 26 Joint Apprenticeship & Training Tr Fund 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 06/2023, Electrical Local No 26 Joint Apprenticeship & Training Tr Fund generated $15.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $11.2m during the year ending 06/2023. While expenses have increased by 3.8% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE FUND IS TO PROVIDE, THROUGH CONTRIBUTIONS TO A TRUST FUND, EDUCATION AND TRAINING PROGRAMS FOR APPRENTICE AND JOURNEYMEN ELECTRICIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
APPRENTICESHIP, JOURNEYMAN, AND RESIDENTIAL TRAINING PROGRAM FOR ELECTRICIANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Murphy Training Director | Officer | 40 | $141,253 |
Vernon Heavner Assistant Director | 40 | $133,230 | |
Michael Miller Assistant Director | 40 | $131,065 | |
Marcko Yates Assistant Director | 40 | $130,190 | |
Roy Reeves Assistant Director | 40 | $130,065 | |
Mark Thompson Instructor | 40 | $129,558 |
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 | $14,517,549 |
| Investment income | $1,044,078 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $30,736 |
| Net Gain/Loss on Asset Sales | -$293,551 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,306,053 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,337,670 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $192,198 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,510,863 |
| Pension plan accruals and contributions | $497,804 |
| Other employee benefits | $314,716 |
| Payroll taxes | $527,332 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,006 |
| Fees for services: Accounting | $105,009 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $54,527 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $80,458 |
| Information technology | $101,230 |
| Royalties | $0 |
| Occupancy | $367,157 |
| Travel | $25,322 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,220 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $296,252 |
| Insurance | $89,525 |
| All other expenses | $266,215 |
| Total functional expenses | $11,194,557 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,625,886 |
| Savings and temporary cash investments | $1,436,575 |
| 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 | $467,155 |
| Net Land, buildings, and equipment | $3,268,366 |
| Investments—publicly traded securities | $22,175,020 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,030,432 |
| Total assets | $34,003,434 |
| Accounts payable and accrued expenses | $461,416 |
| 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 | $255,308 |
| Total liabilities | $716,724 |
| Net assets without donor restrictions | $33,286,710 |
| 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 | $34,003,434 |