Mechanical Trades Institute Joint Apprenticeship And Training Trust is located in Atlanta, GA. The organization was established in 1990. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 06/2019, Mechanical Trades Institute Joint Apprenticeship And Training Trust employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mechanical Trades Institute Joint Apprenticeship And Training Trust is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2020, Mechanical Trades Institute Joint Apprenticeship And Training Trust generated $3.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $3.2m during the year ending 06/2020. While expenses have increased by 2.7% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE TRAINING ASSISTANCE TO THE APPRENTICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE TRAINING CERTIFICATION FOR THE APPRENTICES
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Name Not Listed Trustee | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Investment income | $10,935 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $8,400 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,241,037 |
Statement of Expenses | |
---|---|
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. | $100,000 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,270,617 |
Pension plan accruals and contributions | $100,464 |
Other employee benefits | $182,725 |
Payroll taxes | $108,945 |
Fees for services: Management | $0 |
Fees for services: Legal | $27,531 |
Fees for services: Accounting | $6,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $20,280 |
Office expenses | $82,584 |
Information technology | $48,655 |
Royalties | $0 |
Occupancy | $360,900 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $96,454 |
Interest | $1,099 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $111,807 |
Insurance | $59,823 |
All other expenses | $0 |
Total functional expenses | $3,163,414 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,090,483 |
Savings and temporary cash investments | $7,500 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $224,220 |
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 | $11,625 |
Investments—publicly traded securities | $149,628 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $4,789,998 |
Total assets | $7,970,880 |
Accounts payable and accrued expenses | $193,150 |
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 | $37,297 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $230,447 |
Net assets without donor restrictions | $0 |
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 |
Total liabilities and net assets/fund balances | $7,740,433 |
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