Forest Workforce Training Institute
- Assets
- $2.7m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Montgomery, AL
- Founding
- 09/2019
- Data as of
- 12/2022
- EIN
- 83-1533428
Organization Overview
Forest Workforce Training Institute is located in Montgomery, AL. The organization was established in 2019. According to its NTEE Classification (C12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forest Workforce Training Institute 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, Forest Workforce Training Institute generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 46.4% each year . All expenses for the organization totaled $996.6k during the year ending 12/2022. While expenses have increased by 14.1% per year over the past 3 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 CREATE A PIPELINE OF QUALIFIED WORKERS TO THE FOREST INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS OUR FIRST CUSTOM TRAINING PROGRAM, OUR FOUR-WEEK LOGGING EQUIPMENT OPERATOR SCHOOL PROVIDES TRAINING OPPORTUNITIES TO DEVELOP THE SKILLS AND KNOWLEDGE OF INTERESTED INDIVIDUALS AGED 18+ TO PREPARE THEM FOR A CAREER IN LOGGING. THIS PROGRAM ESPECIALLY GEARED TOWARDS RECENT HIGH SCHOOL GRADUATES WHO HAVE A DESIRE TO BEGIN A CAREER IN LOGGING.
OTHER ACTIVITIES TO DEVELOP A PIPELINE OF QUALIFIED WORKERS FOR THE LOGGING AND WOOD PRODUCT MANUFACTURING INDUSTRIES.
FWTI'S FOREST WORKFORCE SCHOLARSHIP PROGRAM IS SPECIFICALLY TARGETED AT STUDENTS AND OTHER POTENTIAL EMPLOYEES WHO WANT TO WORK IN THE FOREST INDUSTRY BUT REQUIRE ADDITIONAL EDUCATION OR TRAINING TO BEGIN THAT CAREER PATH.
THE LANDSCAPE SCALE RESTORATION PROGRAM IS A FOREST SERVICE STATE AND PRIVATE FORESTRY COMPETITIVE GRANT PROGRAM THAT PROMOTES COLLABORATIVE, SCIENCE-BASED RESTORATION OF PRIORITY FOREST LANDSCAPES AND FURTHERS PRIORITIES IDENTIFIED IN STATE FOREST ACTION PLANS OR EQUIVALENT RESTORATION STRATEGY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Potts Board Member | Trustee | 0 | $0 |
Freddy Tidwell Board Member | Trustee | 0 | $0 |
Tim Thornhill Chairman | OfficerTrustee | 0 | $0 |
Chris Issacson President And CEO | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,222,451 |
| All other contributions, gifts, grants, and similar amounts not included above | $503,171 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,734,622 |
| Total Program Service Revenue | $289,000 |
| Investment income | $19,437 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,080 |
| 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 | $3,048,739 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $11,385 |
| 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 | $357,385 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $30,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $185,701 |
| Office expenses | $37,107 |
| Information technology | $1,745 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $52,733 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,360 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $36,216 |
| Total functional expenses | $996,574 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $396,550 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $416,557 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,919,411 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,732,518 |
| Accounts payable and accrued expenses | $274,083 |
| 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 | $274,083 |
| Net assets without donor restrictions | $2,338,563 |
| Net assets with donor restrictions | $119,872 |
| 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 | $2,732,518 |