Billings Pipe Trades Apprentice & Journeyman Training Fund
- Assets
- $573.9k
- Revenue
- $373.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Billings, MT
- Founding
- 04/1975
- Data as of
- 07/2022
- EIN
- 81-0344080
Organization Overview
Billings Pipe Trades Apprentice & Journeyman Training Fund is located in Billings, MT. The organization was established in 1975. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Billings Pipe Trades Apprentice & Journeyman Training Fund is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 07/2022, Billings Pipe Trades Apprentice & Journeyman Training Fund generated $373.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $456.3k during the year ending 07/2022. While expenses have increased by 4.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
STANDARDIZING, IMPROVING, TRAINING AND SUPERVISING INSTRUCTION PROGRAMS FOR APPRENTICES AND JOURNEYMEN OF THE PIPE TRADES PROFESSION IN THE BILLINGS AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TESTED, TRAINED AND SUPERVISED INSTRUCTIONAL PROGRAMS FOR APPRENTICES AND JOURNEYMEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mykal Jorgenson Coordinator | Officer | 0 | $120,088 |
Christopher Schultz Trustee | Trustee | 0 | $17,745 |
Shane Berumen Trustee | Trustee | 0 | $2,117 |
Corbin Damjonovich Trustee | Trustee | 0 | $335 |
Stanford Stevens Trustee | Trustee | 0 | $0 |
Dan Glennon Treasurer | Trustee | 0 | $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 | $14,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,000 |
| Total Program Service Revenue | $337,712 |
| Investment income | $16,139 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,778 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $373,935 |
| 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. | $202,047 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,043 |
| Pension plan accruals and contributions | $27,082 |
| Other employee benefits | $25,457 |
| Payroll taxes | $14,933 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,023 |
| Fees for services: Accounting | $1,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,309 |
| Fees for services: Other | $737 |
| Advertising and promotion | $0 |
| Office expenses | $10,575 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,500 |
| Travel | $10,023 |
| 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 | $5,847 |
| Insurance | $9,111 |
| All other expenses | $3,038 |
| Total functional expenses | $456,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,266 |
| Savings and temporary cash investments | $22,817 |
| 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 | $14,084 |
| Investments—publicly traded securities | $490,688 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $573,856 |
| 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 | -$2,595 |
| Total liabilities | -$2,595 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $576,451 |
| 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 | $573,856 |
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|---|---|---|
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Career Training Institute Helena, MT | $550,389 | $1,718,333 |
North Dakota Rural Water Systems Association Inc Bismarck, ND | $1,206,873 | $1,168,373 |
Rural Employment Opportunities Inc Helena, MT | $161,111 | $985,284 |
Montana Electrical Joint Apprenticeship Training Council Tr Helena, MT | $2,690,863 | $1,308,329 |
Montana Natural History Center Inc Missoula, MT | $1,895,883 | $939,615 |
Wyoming Joint Electrical Apprenticeship And Training Trust Casper, WY | $4,006,907 | $687,395 |
Idaho Plumbers And Pipefitters Apprentice And Journeyman Training Meridian, ID | $1,277,073 | $617,452 |
Native American Training Institute Bismarck, ND | $85,254 | $231,738 |
Billings Pipe Trades Apprentice & Journeyman Training Fund Billings, MT | $573,856 | $373,935 |
Plumbers And Pipefitters Apprenticeship Education And Train Cheyenne, WY | $495,265 | $334,739 |
Southwest Central Idaho Sheet Metal Boise, ID | $1,177,390 | $475,905 |