West Virginia Laborers Training
- Assets
- $21.7m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 14
- Location
- Mineral Wells, WV
- Founding
- 10/1972
- Data as of
- 12/2022
- EIN
- 55-0524967
Organization Overview
West Virginia Laborers Training is located in Mineral Wells, WV. The organization was established in 1972. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2022, West Virginia Laborers Training employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Virginia Laborers Training 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, West Virginia Laborers Training generated $2.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. 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
PROVIDE TRAINING TO CONSTRUCTION INDUSTRY MEMBERSHIP
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVING THE CONSTRUCTION INDUSTRY IN THE STATE OF WEST VIRGINIA, THE FUND PROVIDES IN-DEPTH TRAINING TO WORKERS IN VARIOUS AREAS INCLUDING HAZARDOUS WASTE DISPOSAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Coffield Trustee | Trustee | 1 | $0 |
Jim Carney Trustee | Trustee | 1 | $0 |
Jason Hershman Trustee | Trustee | 1 | $0 |
Greg Casdorph Trustee | Trustee | 1 | $0 |
Shane Dillon Trustee | Trustee | 1 | $0 |
Justin Gray Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $37,500 |
| 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 | $37,500 |
| Total Program Service Revenue | $2,448,182 |
| Investment income | $402,298 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,844 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,895,824 |
| 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 | $167,411 |
| 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 | $612,519 |
| Pension plan accruals and contributions | $174,057 |
| Other employee benefits | $398,309 |
| Payroll taxes | $60,705 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,114 |
| Fees for services: Accounting | $16,585 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,855 |
| Fees for services: Other | $60,877 |
| Advertising and promotion | $14,856 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,795 |
| Travel | $23,728 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,258 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $103,435 |
| Insurance | $53,616 |
| All other expenses | $0 |
| Total functional expenses | $1,973,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $242,067 |
| Savings and temporary cash investments | $4,098,858 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $195,267 |
| 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 | $9,378 |
| Net Land, buildings, and equipment | $1,607,610 |
| Investments—publicly traded securities | $15,556,566 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,494 |
| Total assets | $21,726,240 |
| Accounts payable and accrued expenses | $106,377 |
| 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 | $0 |
| Total liabilities | $106,377 |
| Net assets without donor restrictions | $21,619,863 |
| 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 | $21,726,240 |
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