Plumbing-Heating-Cooling Contrctrs Natl Assoc Educational Foundation
- Assets
- $18.1m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Falls Church, VA
- Founding
- 02/1988
- Data as of
- 12/2023
- EIN
- 54-1396371
Organization Overview
Plumbing-Heating-Cooling Contrctrs Natl Assoc Educational Foundation is located in Falls Church, VA. The organization was established in 1988. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Plumbing-Heating-Cooling Contrctrs Natl Assoc Educational Foundation 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 12/2023, Plumbing-Heating-Cooling Contrctrs Natl Assoc Educational Foundation generated $2.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. While expenses have increased by 4.9% per year over the past 9 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
PHCC EDUCATIONAL FOUNDATION PROVIDES INNOVATIVE EDUCATIONAL PROGRAMMING TO ENHANCE THE GROWTH AND SUCCESS OF THE PLUMBING AND HVACR INDUSTRY WORKFORCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS MANAGEMENT TRAINING: THE FOUNDATION DEVELOPS AND DELIVERS BUSINESS MANAGEMENT PROGRAMS WITH A FOCUS ON IMPROVING PROFITABILITY AND PRODUCTIVITY. THE ESSENTIALS OF PROJECT MANAGEMENT COURSE EXAMINED PROJECT MANAGEMENT FROM PRE-BID TO CLOSE-OUT WITH A FOCUS ON STANDARDIZING PROCESS, CUTTING WASTED TIME AND IMPROVING PROFITS. THE CREATING SUPER FOREMEN WORKSHOPS COVERED THE LATEST IN MANAGING CHANGE, WORKFORCE DEVELOPMENT, TIME AND WORKLOAD MANAGEMENT. THE SEMINAR AND WEBINAR SERIES REACHED OVER 2,500 CONTRACTORS AND THEIR EMPLOYEES IN ONLINE AND IN PERSON PROGRAMS ON TOPICS INCLUDING NEW OVERTIME RULES, WEB STRATEGIES, AND OSHA'S NEW CONFINED SPACE STANDARDS.
APPRENTICE AND JOURNEYMAN TRAINING AND WORKFORCE DEVELOPMENT: PROGRAMS AND RESOURCES ARE DESIGNED TO RECRUIT AND PREPARE THE NEXT GENERATION OF SKILLED WORKERS IN THE P-H-C INDUSTRY. THE FOUNDATION'S PLUMBING AND HVACR TEXTBOOKS HAVE TRAINED OVER 400 STUDENTS. ENROLLMENT IN THE PLUMBING AND HVAC ELEARNING PROGRAMS, WHICH PROVIDE AN ALTERNATIVE TO CLASSROOM BASED INSTRUCTION, CONTINUED TO GROW. THE REVISIONS TO PLUMBING 301 WERE COMPLETED. THE FOUNDATION WAS A SPONSOR FOR THE HVAC EXCELLENCE INSTRUCTOR WORKSHOP AND SUPPORTED THE SKILLS USA PLUMBING AND HVAC NATIONAL COMPETITIONS. THE FOUNDATION HOSTED THE NATIONAL PLUMBING AND HVAC CONTESTS.
SCHOLARSHIPS: ATTRACTING NEW TALENT IS ESSENTIAL TO THE PLUMBING-HEATING-COOLING INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Tindall Foundation Chairman | OfficerTrustee | 2 | $0 |
Patrick Wallner Foundation Vice Chairman | OfficerTrustee | 1 | $0 |
Steve Rivers Foundation Secretary/treasurer | OfficerTrustee | 1 | $0 |
Keith Bienvenu Foundation Board Member | Trustee | 1 | $0 |
Jan Bray Foundation Board Member | Trustee | 1 | $0 |
Laura Ciriello-Benedict Foundation Board Member | Trustee | 1 | $0 |
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 | $461,327 |
| Noncash contributions included in lines 1a–1f | $96,936 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $461,327 |
| Total Program Service Revenue | $1,496,987 |
| Investment income | $303,581 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $88,791 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,233 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,396,977 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $162,317 |
| 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 | $464,079 |
| Pension plan accruals and contributions | $21,779 |
| Other employee benefits | $57,597 |
| Payroll taxes | $38,883 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,000 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $78,363 |
| Fees for services: Other | $221,943 |
| Advertising and promotion | $40,211 |
| Office expenses | $55,236 |
| Information technology | $105,281 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $109,225 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $173,641 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,761 |
| Total functional expenses | $1,695,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,852 |
| Savings and temporary cash investments | $538,990 |
| Pledges and grants receivable | $72,600 |
| Accounts receivable, net | $41,567 |
| 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 | $398,051 |
| Net Land, buildings, and equipment | $4,280 |
| Investments—publicly traded securities | $16,840,526 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,041 |
| Total assets | $18,073,907 |
| Accounts payable and accrued expenses | $112,051 |
| Grants payable | $0 |
| Deferred revenue | $53,069 |
| 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 | $0 |
| Total liabilities | $165,120 |
| Net assets without donor restrictions | $5,464,183 |
| Net assets with donor restrictions | $12,444,604 |
| 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 | $18,073,907 |