Regional District Council Training Trust
- Assets
- $4.1m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 14
- Location
- Deland, FL
- Founding
- 04/2009
- Data as of
- 12/2023
- EIN
- 73-6360524
Organization Overview
Regional District Council Training Trust is located in Deland, FL. The organization was established in 2009. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2023, Regional District Council Training Trust employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Regional District Council 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 12/2023, Regional District Council Training Trust generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $2.1m 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
THE REGIONAL DISTRICT COUNCIL TRAINING TRUST IS A JOINT APPRENTICESHIP, TRAINING AND EDUCATION ORGANIZATION FOR IRONWORKERS MEMBERS OF LOCAL UNION 846 AND LOCAL UNION 847.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRUST SERVES AS THE FUNDING ENTITY FOR A JOINT APPRENTICESHIP, EDUCATION, AND TRAINING PLAN FOR MEMBERS OF LOCAL UNION 846 AND LOCAL UNION 847. THE PLAN CONDUCTED COMPREHENSIVE TRAINING PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Simpson Training Director | Officer | 40 | $117,892 |
Victor Franco Reg. Training Coordinator | 40 | $113,588 | |
Edmundo Rangel Training Coordinator | 40 | $110,596 | |
Cary Newton Employer Trustee/president | OfficerTrustee | 1 | $0 |
James Whaley Employer Trustee/treasurer | OfficerTrustee | 1 | $0 |
Louie Leon Employer Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,815 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,699 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,514 |
| Total Program Service Revenue | $1,567,072 |
| Investment income | $66,124 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $56,126 |
| Net Gain/Loss on Asset Sales | $42,116 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,841,658 |
| 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. | $151,927 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $796,722 |
| Pension plan accruals and contributions | $41,486 |
| Other employee benefits | $171,013 |
| Payroll taxes | $75,255 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,465 |
| Fees for services: Accounting | $75,602 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,233 |
| Fees for services: Other | $128,430 |
| Advertising and promotion | $0 |
| Office expenses | $89,938 |
| Information technology | $63,945 |
| Royalties | $0 |
| Occupancy | $233,606 |
| Travel | $87,961 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,212 |
| Insurance | $29,328 |
| All other expenses | $0 |
| Total functional expenses | $2,084,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,473 |
| Savings and temporary cash investments | $16,335 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $20,479 |
| Investments—publicly traded securities | $4,057,135 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,144,422 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $4,144,422 |
| Total liabilities and net assets/fund balances | $4,144,422 |