Local 26 Educational Development Trust
- Assets
- $9.9m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 64
- Location
- Lacey, WA
- Founding
- 06/1992
- Data as of
- 12/2021
- EIN
- 91-6293856
Organization Overview
Local 26 Educational Development Trust is located in Lacey, WA. The organization was established in 1992. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2021, Local 26 Educational Development Trust employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Local 26 Educational Development Trust 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 12/2021, Local 26 Educational Development Trust generated $3.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ASSURE MAINTENANCE AND IMPROVEMENT OF EMPLOYMENT THROUGH TRAINING IN SPECIALIZED AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSURE MAINTENANCE AND IMPROVEMENT OF EMPLOYMENT THROUGH PROVIDING APPRENTICE-JOURNEYMEN PROGRAM TO RECRUIT AND TRAIN INDIVIDUALS IN THE SKILLS NECESSARY TO ENTER THE PLUMBING AND PIPEFITTING INDUSTRY, AS WELL AS TO PROVIDE CONTINUING PROFESSIONAL EDUCATION TO PLUMBERS AND PIPEFITTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jud Hildebrandt Trust Administrator | 40 | $141,401 | |
Ryan J Santeford Coordinator | 40 | $132,437 | |
Seth Thompson Coordinator | 40 | $132,437 | |
Jeremy Rood Instructor | 40 | $131,562 | |
Seth White Coordinator | 40 | $131,443 | |
Jeff Lippert Secretary, Labor Member | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $351,565 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $363,565 |
| Total Program Service Revenue | $2,927,080 |
| Investment income | $5,931 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $119,359 |
| 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 | $3,415,935 |
| 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. | $140,606 |
| Compensation of current officers, directors, key employees. | $84,364 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $917,099 |
| Pension plan accruals and contributions | $514,330 |
| Other employee benefits | $141,779 |
| Payroll taxes | $96,948 |
| Fees for services: Management | $22,070 |
| Fees for services: Legal | $32,935 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $54,104 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $336,197 |
| Travel | $14,898 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $46,720 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $383,607 |
| Insurance | $82,417 |
| All other expenses | $17,754 |
| Total functional expenses | $2,928,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,652,510 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $7,897,654 |
| Investments—publicly traded securities | $331,671 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,881,835 |
| Accounts payable and accrued expenses | $63,575 |
| 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 | $63,575 |
| Net assets without donor restrictions | $0 |
| 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 | $9,818,260 |
| Total liabilities and net assets/fund balances | $9,881,835 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Farestart Seattle, WA | $25,249,584 | $20,206,425 |
Career Path Services-Employment And Training Spokane, WA | $3,840,568 | $14,724,825 |
Carpenters Employers Apprenticeship & Training Tr Fund Western Wash Kent, WA | $76,810,852 | $18,647,454 |
Wtia Workforce Institute Issaquah, WA | $6,744,396 | $12,393,362 |
Northwest Laborers-Employers Train Bothell, WA | $25,481,278 | $14,853,369 |
Construction Industry Training Council Of Washington Bellevue, WA | $12,263,211 | $7,748,855 |
Northwest Youth Corps Eugene, OR | $6,403,565 | $10,014,381 |
Willamette Workforce Partnership Salem, OR | $1,486,134 | $9,256,119 |
United Association Apprenticeship & Journeymen Training Trust Fund tualatin, OR | $28,112,501 | $12,316,712 |
Oregon-Washington Carpenters Emplyr Apprenticeship Training Trust Fund Portland, OR | $25,539,386 | $9,684,142 |
Willamette Carpenter Training Center Inc Portland, OR | $1,858,962 | $7,895,288 |
Western Washington Operating Ellensburg, WA | $10,682,686 | $7,194,257 |