International Training Fund
- Assets
- $65.6m
- Revenue
- $32.2m
- Investments
- $47.0m
- Employees
- 30
- Location
- Annapolis, MD
- Founding
- 01/2003
- Data as of
- 12/2021
- 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 12/2021, International Training Fund employed 30 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 12/2021, International Training Fund generated $32.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $26.4m during the year ending 12/2021. 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 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 |
|---|---|---|---|
Raymond Boyd Assistant Director | 40 | $236,672 | |
Richard Benkowski Training Specialist | 40 | $220,111 | |
Kenneth Schneider Training Specialist | 40 | $219,466 | |
Randall Gandy Training Specialist | 40 | $219,379 | |
Bruce Dantley Training Specialist | 40 | $219,103 | |
Renee Fiorelli Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Anthony Swoope Consultant | 12/30/21 | $140,000 |
O'donoghue & O'donoghue Legal | 12/30/21 | $228,183 |
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 | $31,339,197 |
| Investment income | $862,264 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,849 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,226,310 |
| 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 | $3,480,058 |
| Pension plan accruals and contributions | $910,886 |
| Other employee benefits | $952,234 |
| Payroll taxes | $206,939 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $231,000 |
| Fees for services: Accounting | $52,558 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $155,160 |
| Fees for services: Other | $481,290 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $1,028,023 |
| Royalties | $0 |
| Occupancy | $238,628 |
| Travel | $41,947 |
| 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 | $134,500 |
| Insurance | $282,989 |
| All other expenses | $4,752,809 |
| Total functional expenses | $26,387,022 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,411,302 |
| Savings and temporary cash investments | $136,283 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,440,071 |
| 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 | $23,982 |
| Net Land, buildings, and equipment | $99,549 |
| Investments—publicly traded securities | $7,531,819 |
| Investments—other securities | $46,964,763 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $65,607,769 |
| Accounts payable and accrued expenses | $1,107,870 |
| 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 | $48,274 |
| Total liabilities | $1,156,144 |
| Net assets without donor restrictions | $64,451,625 |
| 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 | $65,607,769 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Training Fund Annapolis, MD | $65,607,769 | $32,226,310 |
Center For Community Change Washington, DC | $47,020,939 | $18,160,209 |
People Incorporated Of Virginia Abingdon, VA | $22,478,644 | $16,537,740 |
Heart Of America Foundation Washington, DC | $21,952,714 | $13,311,439 |
Waterfront Partnership Of Baltimore Inc Baltimore, MD | $10,304,693 | $15,904,703 |
N Street Village Inc Washington, DC | $31,040,838 | $11,867,277 |
Lake Monticello Owners Association Lake Monticello, VA | $27,325,227 | $9,680,580 |
Berks Community Action Program Inc Reading, PA | $2,377,966 | $7,401,234 |
Competitive Enterprise Institute Washington, DC | $5,463,449 | $7,758,776 |
Building Bridges Across The River Washington, DC | $56,784,233 | $13,914,024 |
Juvenile Justice Center Of Phila Philadelphia, PA | $3,150,884 | $6,364,511 |
Echelon Community Services Washington, DC | $2,480,354 | $6,411,075 |