Iuoe Training And Education Center Inc
- Assets
- $145.5m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 93
- Location
- Washington, DC
- Founding
- 06/2016
- Data as of
- 12/2022
- EIN
- 81-2416935
Organization Overview
Iuoe Training And Education Center Inc is located in Washington, DC. The organization was established in 2016. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 12/2022, Iuoe Training And Education Center Inc employed 93 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iuoe Training And Education Center Inc 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 12/2022, Iuoe Training And Education Center Inc generated $7.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $15.9m during the year ending 12/2022. While expenses have increased by 9.7% per year over the past 5 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
TO PROVIDE A TRAINING FACILITY AND TRAINING FOR OPERATING ENGINEERS IN THE TRADE TO IMPROVE AND EXPAND THEIR SKILLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SPECIALIZED VOCATIONAL TRAINING AND EDUCATION TO IMPROVE AND EXPAND THE SKILLS OF OPERATING ENGINEERS AND RELATED FIELDS; DEVELOP AND APPROVE UP-TO-DATE STANDARDIZED EDUCATIONAL CURRICULUMS RELEVANT TO THE ORGANIZED OPERATING ENGINEER INDUSTRY; PROVIDE SUBJECT MATTER EXPERTS TO REVIEW EQUIPMENT AND FACILITY REQUIREMENTS IN SUPPORT OF ITEC'S EDUCATIONAL PROGRAMS; AND ENSURE THAT A COMPLIMENT OF QUALIFIED INSTRUCTORS IS MAINTAINED AND REGULARLY AVAILABLE AND CAPABLE OF PROVIDING HIGH-QUALITY TRAINING AND EDUCATION TO THE STUDENT BODY THROUGH CONTRACTUAL ARRANGEMENTS OR DIRECT EMPLOYMENT.OWN AND EXCLUSIVELY OPERATE A 501(C)(3) QUALIFIED TRAINING AND EDUCATION FACILITY, EXEMPT FROM STATE PROPERTY TAX AS A PRIVATE SCHOOL, IN A SECURE AND SAFE TRAINING ENVIRONMENT CLOSED TO THE PUBLIC, THAT IS CAPABLE OF MAINTAINING AND SERVING A REGULAR FULL-TIME BODY OF OPERATING ENGINEER STUDENTS; SUPPORTING ITEC'S EDUCATIONAL FUNCTIONS AS WELL AS THE EDUCATIONAL FUNCTIONS OF RELATED OPERATING ENGINEER TRAINING AND EDUCATIONAL PROGRAMS; WHICH PROVIDES, AMONG OTHER FEATURES, TRAINING AND EDUCATIONAL EQUIPMENT, SPECIALIZED CLASSROOM AND PRACTICAL TRAINING SPACES, THE NECESSARY INFRASTRUCTURE TO SUPPORT INSTRUCTORS AND SPECIALIZED TRAINING, AND ON-SITE STUDENT HOUSING AND MEALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Callahan James T Chairman | OfficerTrustee | 1 | $0 |
Mcguire Matthew G Secretary-Treasurer | OfficerTrustee | 1 | $0 |
Singletary Charles R Director | Trustee | 1 | $0 |
Treml Christopher Director | Trustee | 1 | $0 |
Mclaughlin William D Director | Trustee | 1 | $0 |
Abel Bryan D Director | Trustee | 1 | $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 | $6,570,610 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $110,320 |
| Net Gain/Loss on Asset Sales | $335,002 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,229,291 |
| 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. | $206,742 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,647,150 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $843,963 |
| Payroll taxes | $192,122 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,380 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,948,761 |
| Advertising and promotion | $0 |
| Office expenses | $519,605 |
| Information technology | $20,082 |
| Royalties | $0 |
| Occupancy | $1,043,166 |
| Travel | $84,287 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,806,537 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,215,050 |
| Insurance | $787,071 |
| All other expenses | $56,800 |
| Total functional expenses | $15,859,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $522,273 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,383,178 |
| 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 | $3,825,000 |
| Net Land, buildings, and equipment | $136,598,113 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,161,299 |
| Total assets | $145,489,863 |
| 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 | $190,167,635 |
| Total liabilities | $190,167,635 |
| Net assets without donor restrictions | -$44,677,772 |
| 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 | $145,489,863 |