Selcat Tr Fund
- Assets
- $28.8m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 15
- Location
- Newnan, GA
- Founding
- 10/1998
- Data as of
- 12/2023
- EIN
- 58-2359609
Organization Overview
Selcat Tr Fund is located in Newnan, GA. The organization was established in 1998. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2023, Selcat Tr Fund employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Selcat Tr 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 12/2023, Selcat Tr Fund generated $7.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $4.1m during the year ending 12/2023. While expenses have increased by 12.5% 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
SELCAT PROGRAM IS FOCUSED ON KEEPING THE SOUTHEAST OUTSIDE ELECTRICAL INDUSTRY SUPPLIED WITH THE NECESSARY FORCE OF HIGHLY SKILLED AND QUALIFIED WORKERS WITH ITS EARN-WHILE-YOU-LEARN EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING OF APPROXIMATELY 350 ELECTRICAL LINE APPRENTICES BY CLASSROOM INSTRUCTION AND PERIODIC TEN DAY INTENSIVE SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danial Haddad Director | Officer | 40 | $276,925 |
Jason Dedon Trustee | Trustee | $0 | |
Steve Gaines Trustee | Trustee | $0 | |
Brent Hall Trustee | Trustee | $0 | |
Bill Hitt Trustee | Trustee | $0 | |
Brian Imsand Trustee | Trustee | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $6,825,909 |
| Investment income | $575,740 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$12,250 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,389,399 |
| 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. | $276,925 |
| Compensation of current officers, directors, key employees. | $22,154 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,088,168 |
| Pension plan accruals and contributions | $241,463 |
| Other employee benefits | $0 |
| Payroll taxes | $97,478 |
| Fees for services: Management | $87,822 |
| Fees for services: Legal | $9,270 |
| Fees for services: Accounting | $9,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $749,189 |
| Advertising and promotion | $0 |
| Office expenses | $107,747 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $141,013 |
| Travel | $103,991 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $112,246 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $489,951 |
| Insurance | $341,530 |
| All other expenses | $81,862 |
| Total functional expenses | $4,107,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,955,100 |
| Savings and temporary cash investments | $19,279,365 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,029,011 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $118,188 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,398,415 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $28,780,079 |
| Accounts payable and accrued expenses | $32,685 |
| 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 | $32,685 |
| Net assets without donor restrictions | $28,747,394 |
| 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 | $28,780,079 |