Finishing Trades Institute Of Arizona
- Assets
- $951.4k
- Revenue
- $369.5k
- Investments
- $0.0
- Employees
- 6
- Location
- Phoenix, AZ
- Founding
- 01/2016
- Data as of
- 05/2023
- EIN
- 86-0191802
Organization Overview
Finishing Trades Institute Of Arizona is located in Phoenix, AZ. The organization was established in 2016. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 05/2023, Finishing Trades Institute Of Arizona employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Finishing Trades Institute Of Arizona 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 05/2023, Finishing Trades Institute Of Arizona generated $369.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $334.7k during the year ending 05/2023. While expenses have increased by 3.2% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE TRAINING IN THE PAINTING AND DRYWALL TRADES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ADMINISTERS APPRENTICESHIP AND JOURNEYMAN TRAINING TO ENABLE PARTICIPANTS TO BECOME MEMBERS OF THE PAINTING AND DRYWALL TRADES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Cannon Trustee | Trustee | 1 | $0 |
Ana Hanson Co-Chair | OfficerTrustee | 1 | $0 |
Luis Robles Trustee | Trustee | 1 | $0 |
Earnesto Toscano Trustee | Trustee | 1 | $0 |
Zachary Farmer Co-Chair | OfficerTrustee | 1 | $0 |
Glenn Gong Trustee | 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 | $369,542 |
| 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 | $369,542 |
| 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 | $174,635 |
| Pension plan accruals and contributions | $4,831 |
| Other employee benefits | $21,300 |
| Payroll taxes | $13,614 |
| Fees for services: Management | $7,367 |
| Fees for services: Legal | $90 |
| Fees for services: Accounting | $5,300 |
| 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 | $7,841 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $60,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,560 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,734 |
| Insurance | $4,930 |
| All other expenses | $0 |
| Total functional expenses | $334,734 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $809,080 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,811 |
| 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 | $1,714 |
| Net Land, buildings, and equipment | $45,434 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $59,311 |
| Total assets | $951,350 |
| Accounts payable and accrued expenses | $36,707 |
| 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 | $54,311 |
| Total liabilities | $91,018 |
| Net assets without donor restrictions | $860,332 |
| 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 | $951,350 |