Fti Of District Council 88
- Assets
- $1.9m
- Revenue
- $636.7k
- Investments
- $0.0
- Employees
- 15
- Location
- Houston, TX
- Founding
- 03/2004
- Data as of
- 12/2021
- EIN
- 76-0497163
Organization Overview
Fti Of District Council 88 is located in Houston, TX. The organization was established in 2004. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 12/2021, Fti Of District Council 88 employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fti Of District Council 88 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 12/2021, Fti Of District Council 88 generated $636.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $569.1k during the year ending 12/2021. While expenses have increased by 18.3% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TRAINING AND EDUCATION OF APPRENTICES AND JOURNEYMEN IN PAINTING, GLAZING AND ALLIED TRADES INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING AND EDUCATION OF APPRENTICES AND JOURNEYMEN IN PAINTING, GLAZING AND ALLIED TRADES INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jr Shugart Mgmt Trustee | Trustee | 2 | $0 |
John Mcgee Mgmt Trustee | Trustee | 2 | $0 |
Trisha Frank Mgmt Trustee | Trustee | 2 | $0 |
Kevin O'brien Mgmt Trustee | Trustee | 2 | $0 |
Eric Porter Labor Trustee | Trustee | 2 | $0 |
Robert Aubert Labor Trustee | Trustee | 2 | $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 | $630,410 |
| Investment income | $668 |
| 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 | $636,699 |
| 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 | $185,715 |
| Pension plan accruals and contributions | $51,362 |
| Other employee benefits | $33,308 |
| Payroll taxes | $17,623 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,900 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $29,768 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $110,605 |
| Travel | $15,911 |
| 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 | $475 |
| Depreciation, depletion, and amortization | $47,373 |
| Insurance | $20,765 |
| All other expenses | $47,339 |
| Total functional expenses | $569,144 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,084,831 |
| Savings and temporary cash investments | $246,148 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $82,712 |
| 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 | $2,752 |
| Net Land, buildings, and equipment | $489,506 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,905,949 |
| Accounts payable and accrued expenses | $15,953 |
| 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 | $15,953 |
| Net assets without donor restrictions | $1,889,996 |
| 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 | $1,905,949 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fti Of District Council 88 has recieved totaling $120,000.
| Awarding Organization | Amount |
|---|---|
Iupat Finishing Trades Institute Hanover, MD PURPOSE: GRANT FINANCIAL SUPPORT | $120,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North American University Stafford, TX | $17,187,030 | $12,287,470 |
Genesys Works Houston, TX | $3,513,316 | $7,886,001 |
Agape Development Ministries Houston, TX | $5,335,198 | $3,787,112 |
Gulf Coast Trades Center New Waverly, TX | $3,594,934 | $4,661,220 |
Rgr Industries Inc Weslaco, TX | $113,711 | $4,345,199 |
Local 798 Training Center Tulsa, OK | $15,089,944 | $2,364,355 |
The Texas International Institute Of Health Professions Houston, TX | $1,051,100 | $3,423,750 |
Gulf Coast Safety Council St Rose, LA | $8,585,164 | $3,314,134 |
Leaders In Education Houston, TX | $4,759,065 | $5,189,161 |
New Orleans Career Center New Orleans, LA | $1,143,787 | $3,091,199 |
Valley Grande Institute For Academic Studies Weslaco, TX | $6,074,695 | $3,497,097 |
New Mexico Pipe Trades Joint Apprenticeship Fund Albuquerque, NM | $5,396,358 | $2,206,148 |