Utah Pipe Trades Education Trust Fund
- Assets
- $8.1m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 59
- Location
- Salt Lake City, UT
- Founding
- 10/1982
- Data as of
- 12/2023
- EIN
- 87-0384572
Organization Overview
Utah Pipe Trades Education Trust Fund, operating under the name Utah Career Center, is located in Salt Lake City, UT. The organization was established in 1982. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2023, Utah Career Center employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Utah Career Center 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, Utah Career Center generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2023. 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
THE ORGANIZATION IS A TAFT-HARTLEY COLLECTIVELY BARGAINED JOINTLY ADMINISTERED APPRENTICESHIP FUND. THE PROGRAM SEEKS TO TRAIN AND PROVIDE HIGHLY SKILLED WORKERS FOR THE PLUMBING, PIPEFITTING AND HVAC INDUSTRIES. A BOARD OF TRUSTEES COMPRISED OF FIFTY PERCENT MANAGEMENT TRUSTEES AND FIFTY PERCENT UNION TRUSTEES ADMINISTERS THE FUND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS AN APPRENTICESHIP TRAINING PROGRAM THAT SEEKS TO TRAIN AND PROVIDE SKILLED WORKERS FOR THE PLUMBING, PIPEFITTING AND HVAC INDUSTRIES. APPRENTICES WHO COMPLETE THE REQUIRED CURRICULUM AND GRADUATE BECOME HIGHLY SKILLED JOURNEYMEN. ALL EXPENDITURES ARE FOR THE ACHIEVEMENT OF THIS PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Beckstead Dir Of Training | Officer | 45 | $133,330 |
Jeremiah Bridge Asst Dir Of Trn | Officer | 45 | $125,285 |
Chris Lamb Hvac Coordinato | Officer | 4 | $17,538 |
Robert Bergman Trustee | Trustee | 1 | $0 |
John Stevenson Trustee | Trustee | 1 | $0 |
Jeff Job 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 | $1,961,066 |
| Investment income | $6 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,979,529 |
| 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. | $276,153 |
| Compensation of current officers, directors, key employees. | $138,077 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $350,052 |
| Pension plan accruals and contributions | $96,268 |
| Other employee benefits | $75,148 |
| Payroll taxes | $52,049 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,080 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,500 |
| Advertising and promotion | $7,685 |
| Office expenses | $36,762 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $227,750 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $48,725 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $249,949 |
| Insurance | $15,172 |
| All other expenses | $31,332 |
| Total functional expenses | $1,881,251 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $456,899 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $105,648 |
| 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 | -$32,201 |
| Net Land, buildings, and equipment | $7,038,548 |
| Investments—publicly traded securities | $561,767 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,130,661 |
| Accounts payable and accrued expenses | $50,338 |
| 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 | $787,811 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $838,149 |
| Net assets without donor restrictions | $7,292,512 |
| 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 | $8,130,661 |