Building Industry Trust
- Assets
- $5.0m
- Revenue
- $763.6k
- Investments
- $1.7m
- Employees
- 0
- Location
- Oakland, CA
- Founding
- 06/2001
- Data as of
- 12/2021
- EIN
- 94-3390022
Organization Overview
Building Industry Trust is located in Oakland, CA. The organization was established in 2001. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Building Industry 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 12/2021, Building Industry Trust generated $763.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $38.2k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE LABOR-MANAGEMENT COOPERATION & FURTHERING OPPORTUNITIES IN THE CARPENTRY INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE LABOR-MANAGEMENT COOPERATION AND FURTHERING EMPLOYMENT OPPORTUNITIES IN THE CARPENTRY INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Lamar Trustee | Trustee | 5 | $0 |
Scott Smith Trustee | Trustee | 5 | $0 |
Chuck Palley Trustee | Trustee | 5 | $0 |
Larry Nibbi Trustee | Trustee | 5 | $0 |
Mark Vignoles Trustee | Trustee | 5 | $0 |
Michael Walton Trustee | Trustee | 5 | $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 | $276,630 |
| Investment income | $196,631 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $290,073 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $763,598 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $13,467 |
| Fees for services: Legal | $807 |
| Fees for services: Accounting | $8,948 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,486 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $9,820 |
| All other expenses | $0 |
| Total functional expenses | $38,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $566,092 |
| Pledges and grants receivable | $935 |
| Accounts receivable, net | $53,227 |
| 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 | $11,001 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,702,865 |
| Investments—other securities | $1,709,300 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,006 |
| Total assets | $5,047,526 |
| Accounts payable and accrued expenses | $1,249 |
| 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 | $1,249 |
| 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 | $5,046,277 |
| Total liabilities and net assets/fund balances | $5,047,526 |
Grants Awarded
Over the last fiscal year, Building Industry Trust has awarded $300,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Oakland, CA PURPOSE: CONTINUED RESEARCH AND EDUCATION IN REGARDS TO PREVAILING WAGE MATTERS. | $250,000 |
STATE BUILDING TRADES COUNCIL OF CALIFORNIA PURPOSE: SUPPORT THE CONSTRUCTION OF HIGH SPEED RAIL. | $50,000 |