Heating Piping & Refrigeration Training Fund
- Assets
- $41.1m
- Revenue
- $11.7m
- Investments
- $0.0
- Employees
- 98
- Location
- Landover, MD
- Founding
- 08/1963
- Data as of
- 08/2023
- EIN
- 53-0238872
Organization Overview
Heating Piping & Refrigeration Training Fund is located in Landover, MD. The organization was established in 1963. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 08/2023, Heating Piping & Refrigeration Training Fund employed 98 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heating Piping & Refrigeration 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 08/2023, Heating Piping & Refrigeration Training Fund generated $11.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $8.4m during the year ending 08/2023. While expenses have increased by 9.2% per year over the past 6 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 STEAMFITTERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING EDUCATION AND TRAINING PROGRAMS FOR THE APPRENTICE AND JOURNEYMEN STEAMFITTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Murdock Training Director | Officer | 39 | $153,602 |
Charles Clawson Assistant Training Director | 40 | $139,746 | |
James Balderson Jr Assistant Training Director | 40 | $136,002 | |
John Coburn Welding Instructor | 40 | $116,857 | |
Leroy Watson Trustee | Trustee | 2 | $0 |
Daniel Glover Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
D S Pipe Supply Co Construction | 8/30/23 | $155,019 |
Baltimore Windustrial Co Distribution | 8/30/23 | $256,681 |
Roberts Oxygen Company Distribution | 8/30/23 | $179,044 |
Ferguson Enterprises Inc Industrial Supplies | 8/30/23 | $160,285 |
Tier 1 Consultants Consulting | 8/30/23 | $125,014 |
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 | $23,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,500 |
| Total Program Service Revenue | $11,767,860 |
| Investment income | $206,616 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$341,994 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,693,815 |
| 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. | $1,140,105 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $915,023 |
| Pension plan accruals and contributions | $181,886 |
| Other employee benefits | $90,943 |
| Payroll taxes | $132,397 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,502 |
| Fees for services: Accounting | $106,221 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $98,064 |
| Fees for services: Other | $950 |
| Advertising and promotion | $47,505 |
| Office expenses | $176,022 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $771,580 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $212,386 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,468,663 |
| Insurance | $132,120 |
| All other expenses | $261,602 |
| Total functional expenses | $8,415,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $4,308,936 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,116,681 |
| 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 | $128,272 |
| Net Land, buildings, and equipment | $20,630,905 |
| Investments—publicly traded securities | $9,174,990 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,757,561 |
| Total assets | $41,117,545 |
| Accounts payable and accrued expenses | $611,430 |
| 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 | $369,286 |
| Total liabilities | $980,716 |
| Net assets without donor restrictions | $40,136,829 |
| 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 | $41,117,545 |