Nccco Foundation Inc
- Assets
- $564.1k
- Revenue
- $733.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Murray, UT
- Founding
- 04/2019
- Data as of
- 12/2023
- EIN
- 83-1349117
Organization Overview
Nccco Foundation Inc is located in Murray, UT. The organization was established in 2019. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nccco Foundation 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 12/2023, Nccco Foundation Inc generated $733.9k in total revenue. All expenses for the organization totaled $382.2k during the year ending 12/2023.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER THE HEALTH, SAFETY AND WELL-BEING OF PERSONS WORKING ON AND WITH, AND PERSONS, INCLUDING THE GENERAL PUBLIC, IN THE GENERAL PROXIMITY OF, CRANES AND OTHER LIFTING EQUIPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH: THE CHARITY SPONSORS ORIGINAL RESEARCH INTO SAFETY AND WORKFORCE MATTERS AFFECTING THE CRANE AND RELATED INDUSTRIES. EXAMPLES OF RESEARCH STUDIES CONDUCTED INCLUDE: IDENTIFICATION OF COMMON SAFETY HAZARDS IN THE CRANE INDUSTRY, EXPLORATORY WORKFORCE RESEARCH TO UNDERSTAND SEVERAL TOPICS OF INTEREST, INCLUDING THE DEMOGRAPHIC MAKEUP OF LOAD-HANDLING EMPLOYEES, THE STATE OF THE CURRENT RECRUITMENT PIPELINE, AND HOW LOAD-HANDLING EMPLOYEES VIEW THEIR JOBS AND CERTIFICATION, THE POTENTIAL FOR VIRTUAL REALITY IN CERTIFICATION TESTING; AND THE IMPACT OF OSHA'S EVALUATION REQUIREMENT ON EMPLOYERS' EFFORTS TO QUALIFY THEIR CRANE OPERATORS.
THE CHARITY SEEKS TO EDUCATE THE INDUSTRIES IT SERVES THROUGH EDUCATIONAL PROGRAMMING. EXAMPLES INCLUDE ORGANIZING THE ANNUAL INDUSTRY FORUM ON PERSONNEL QUALIFICATIONS; SOLICITING CONTENT FOR THE TRI-ANNUAL CONEXPO CONSTRUCTION EQUIPMENT EDUCATION PROGRAM; DEVELOPING AND HOSTING REGULAR FREE EDUCATIONAL WEBINARS ON WORKFORCE, SAFETY, AND RESEARCH TOPICS; AND CREATING AND MAINTAINING THE ONLINE DIRECTORIES OF ACCREDITED CERTIFICATION ORGANIZATIONS AND THE MOST SIMILAR CERTIFICATIONS DIRECTORY.
GRANTS & SCHOLARSHIPS: THE CHARITY SEEKS TO SUPPORT FINANCIALLY THOSE INDIVIDUALS AND GROUPS WHO MIGHT NOT OTHERWISE HAVE THE OPPORTUNITY TO SECURE THE TRAINING AND CERTIFICATION NECESSARY FOR EMPLOYMENT IN THE INDUSTRIES IT SERVES. THIS INCLUDES BUT IS NOT LIMITED TO YOUTH, RETIRING MILITARY AND RE-ENTERING OFFENDERS.
WORKFORCE DEVELOPMENT: THE CHARITY SEEKS TO PROMOTE THE POTENTIAL OF THE CRANE AND RIGGING INDUSTRIES AS CAREER OPTIONS TO STUDENTS AND OTHERS. EXAMPLES INCLUDE THE DEVELOPMENT AND DISTRIBUTION OF RESOURCES, VIDEOS, AND INFORMATION EXPLAINING THE VARIOUS CAREERS AVAILABLE IN THE CRANE AND LIFTING INDUSTRY INCLUDING POTENTIAL CAREER PATHWAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Chris Ryan Director & Imm. Past President | OfficerTrustee | 0.5 | $0 |
Tim Watters Director & Secretary/treas | OfficerTrustee | 2.5 | $0 |
Garry Higdem Director & President | OfficerTrustee | 1 | $0 |
Kerry Hulse Director & Vice President | OfficerTrustee | 0.5 | $0 |
Ingo Schiller Director | Trustee | 0.5 | $0 |
Alexander Alonso Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $720,000 |
| 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 | $720,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $733,917 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $92,263 |
| Grants and other assistance to domestic individuals. | $1,700 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $215 |
| Fees for services: Accounting | $40,842 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $224,389 |
| Advertising and promotion | $2,666 |
| Office expenses | $473 |
| Information technology | $500 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,224 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,794 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $382,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $498,481 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $60,000 |
| 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 | $2,389 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,180 |
| Other assets | $0 |
| Total assets | $564,050 |
| Accounts payable and accrued expenses | $47,095 |
| 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 | $25,677 |
| Total liabilities | $72,772 |
| Net assets without donor restrictions | $491,278 |
| 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 | $564,050 |
Grants Awarded
Over the last fiscal year, Nccco Foundation Inc has awarded $92,263 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HUMAN RESOURCES RESEARCH ORGANIZATION PURPOSE: To specifically focus on the role of crane operators and create materials to assist the industry with understanding their risk factors and how technology can be used to improve safety. | $74,263 |
NATIONAL SAFETY COUNCIL PURPOSE: Provide research on safety hazards for those working in the crane industry. | $18,000 |