Nw Ar Industries For Education Inc
- Assets
- $828.3k
- Revenue
- $453.1k
- Investments
- $0.0
- Employees
- 11
- Location
- Springdale, AR
- Founding
- 02/2003
- Data as of
- 12/2023
- EIN
- 71-0804058
Organization Overview
Nw Ar Industries For Education Inc, operating under the name Business & Industry Training, is located in Springdale, AR. The organization was established in 2003. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 12/2023, Business & Industry Training employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Business & Industry 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, Business & Industry Training generated $453.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $441.1k during the year ending 12/2023. While expenses have increased by 9.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
NWA INDUSTRIES FOR EDUCATION ASSISTS IN PROVIDING AND IMPROVING TRAINING OPPORTUNITIES FOR EXISTING EMPLOYEES AND EMPLOYERS IN THE AREAS OF INDUSTRY-SPECIFIC EMPLOYMENT SKILLS AND ADVANCED TECHNOLOGIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COURSES ARE OFFERED ON A WIDE AREA OF TOPICS TO ASSIST IN PROVIDING AND PROMOTING EDUCATIONAL OPPORTUNITIES FOR MEMBERS AND POTENTIAL MEMBERS OF THE WORK FORCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Mcallaster Executive Director | OfficerTrustee | 40 | $57,664 |
William Hada Board Member | Trustee | 0.5 | $0 |
Frank Blowers Board Member | Trustee | 0.5 | $0 |
Randall Harriman Board Member | Trustee | 0.5 | $0 |
Ginger Lamar Board Member | Trustee | 0.5 | $0 |
Elmer Rodriquez Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $14,500 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,007 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,507 |
| Total Program Service Revenue | $410,009 |
| Investment income | $2,566 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $453,082 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $210,359 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,092 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,555 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,596 |
| Office expenses | $3,751 |
| Information technology | $12,249 |
| Royalties | $0 |
| Occupancy | $49,901 |
| Travel | $1,643 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,486 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $63,132 |
| Insurance | $4,814 |
| All other expenses | $0 |
| Total functional expenses | $441,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $416,428 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,461 |
| 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 | $0 |
| Net Land, buildings, and equipment | $375,946 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,415 |
| Total assets | $828,250 |
| Accounts payable and accrued expenses | $2,127 |
| 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 | $20,200 |
| Other liabilities | $2,615 |
| Total liabilities | $24,942 |
| Net assets without donor restrictions | $803,308 |
| 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 | $828,250 |
Grants Awarded
Over the last fiscal year, Nw Ar Industries For Education Inc has awarded $64,246 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHWEST TECHNICAL INSTITUTE PURPOSE: ADULT EDUCATION | $29,246 |
NORTHWEST TECHNICAL INSTITUTE | | | $35,000 |