Alaska Carpenters Training Trust is located in Anchorage, AK. The organization was established in 1959. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 05/2024, Alaska Carpenters Training Trust employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alaska Carpenters Training Trust is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 05/2024, Alaska Carpenters Training Trust generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $1.7m during the year ending 05/2024. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 4 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING AND MAINTAINING TRAINING AND EDUCATION OF APPRENTICES AND JOURNEYMEN IN THE CARPENTER TRADE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRAINING OF CARPENTER, PILEDRIVER AND MILLWRIGHT APPRENTICES AND RETRAINING FOR JOURNEYMEN.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Joshua Bolton Director Of Training | 40 | $169,366 | |
Kevin Rogina Trustee | Trustee | 1 | $0 |
Michael Vlaming Trustee | Trustee | 1 | $0 |
Anthony Pena Trustee | Trustee | 1 | $0 |
Daniel Shanley Trustee | Trustee | 1 | $0 |
Mario Martinez Trustee | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $281,345 |
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 | $281,345 |
Total Program Service Revenue | $946,222 |
Investment income | $65,428 |
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 | $1,292,995 |
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. | $247,537 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $457,580 |
Pension plan accruals and contributions | $169,775 |
Other employee benefits | $109,064 |
Payroll taxes | $61,918 |
Fees for services: Management | $0 |
Fees for services: Legal | $28,803 |
Fees for services: Accounting | $5,883 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $5,750 |
Fees for services: Other | $0 |
Advertising and promotion | $3,304 |
Office expenses | $43,356 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $49,769 |
Travel | $37,683 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $30,336 |
Insurance | $123,954 |
All other expenses | $0 |
Total functional expenses | $1,749,291 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $0 |
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 | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $0 |
Accounts payable and accrued expenses | $0 |
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 | $0 |
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 | $0 |
Total liabilities and net assets/fund balances | $0 |