International Training Fund
- Assets
- $52.6m
- Revenue
- $32.8m
- Investments
- $39.4m
- Employees
- 34
- Location
- Annapolis, MD
- Founding
- 01/2003
- Data as of
- 12/2022
- EIN
- 53-0238416
Organization Overview
International Training Fund is located in Annapolis, MD. The organization was established in 2003. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, International Training Fund employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Training 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 12/2022, International Training Fund generated $32.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $37.4m during the year ending 12/2022. While expenses have increased by 0.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE TRAINING AND RELATED BENEFITS TO ELIGIBLE ENTITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY PURPOSE IS TO PROVIDE TRAINING AND RELATED BENEFITS TO ELIGIBLE ENTITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Pavesic Chairman | Trustee | 40 | $0 |
Michael Cables Co-Chairman | Trustee | 1 | $0 |
Kevin Bellew Trustee | Trustee | 1 | $0 |
Aaron Butler Trustee | Trustee | 1 | $0 |
Gregory Lancette Trustee | Trustee | 1 | $0 |
Kurt Meade Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
O'donoghue & O'donoghue Legal | 12/30/22 | $220,820 |
Anthony Swoope Consultant | 12/30/22 | $139,800 |
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 | $31,132,199 |
| Investment income | $1,104,230 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $524,776 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,761,205 |
| 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 | $3,571,440 |
| Pension plan accruals and contributions | $873,712 |
| Other employee benefits | $1,123,508 |
| Payroll taxes | $232,813 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $222,709 |
| Fees for services: Accounting | $55,421 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $157,329 |
| Fees for services: Other | $493,666 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $1,144,054 |
| Royalties | $0 |
| Occupancy | $252,023 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $330,413 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $71,550 |
| Insurance | $245,880 |
| All other expenses | $9,387,203 |
| Total functional expenses | $37,428,951 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $229,160 |
| Savings and temporary cash investments | $88,344 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,327,035 |
| 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 | $81,696 |
| Net Land, buildings, and equipment | $150,444 |
| Investments—publicly traded securities | $5,848,387 |
| Investments—other securities | $39,441,155 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $411,432 |
| Total assets | $52,577,653 |
| Accounts payable and accrued expenses | $1,624,422 |
| 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 | $475,382 |
| Total liabilities | $2,099,804 |
| Net assets without donor restrictions | $50,477,849 |
| 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 | $52,577,653 |