West Virginia Laborers Training
- Assets
- $24.9m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 16
- Location
- Mineral Wells, WV
- Founding
- 10/1972
- Data as of
- 12/2023
- 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 12/2023, West Virginia Laborers Training employed 16 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 12/2023, West Virginia Laborers Training generated $4.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $2.5m during the year ending 12/2023. 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
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 |
Calvin Brogan 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 | $54,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,204 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,704 |
| Total Program Service Revenue | $4,051,363 |
| Investment income | $628,658 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $144,039 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,897,764 |
| 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 | $266,405 |
| 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 | $731,449 |
| Pension plan accruals and contributions | $346,846 |
| Other employee benefits | $336,114 |
| Payroll taxes | $73,086 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,576 |
| Fees for services: Accounting | $17,088 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,789 |
| Fees for services: Other | $80,869 |
| Advertising and promotion | $58,819 |
| Office expenses | $77,435 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $73,366 |
| Travel | $24,098 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,548 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $134,174 |
| Insurance | $60,735 |
| All other expenses | $0 |
| Total functional expenses | $2,493,282 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $232,346 |
| Savings and temporary cash investments | $4,714,807 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,147,157 |
| 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 | $11,722 |
| Net Land, buildings, and equipment | $1,842,433 |
| Investments—publicly traded securities | $16,935,683 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,214 |
| Total assets | $24,912,362 |
| Accounts payable and accrued expenses | $104,322 |
| 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 | $104,322 |
| Net assets without donor restrictions | $24,808,040 |
| 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 | $24,912,362 |