Apprenticeship & Training Trust Fund Ua Local 342
- Assets
- $42.8m
- Revenue
- $13.1m
- Investments
- $0.0
- Employees
- 135
- Location
- Concord, CA
- Founding
- 11/1979
- Data as of
- 06/2023
- EIN
- 94-6089622
Organization Overview
Apprenticeship & Training Trust Fund Ua Local 342 is located in Concord, CA. The organization was established in 1979. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 06/2023, Apprenticeship & Training Trust Fund Ua Local 342 employed 135 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Apprenticeship & Training Trust Fund Ua Local 342 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 06/2023, Apprenticeship & Training Trust Fund Ua Local 342 generated $13.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $11.1m during the year ending 06/2023. While expenses have increased by 13.5% 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
EDUCATION AND TRAINING IN THE PIPE TRADES INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED TRAINING TO MEMBERS OF U.A. LOCAL 342 AND OTHER U.A. LOCAL UNIONS WHO ARE WORKING PRIMARILY IN THE JURISDICTION OF U.A. LOCAL 342.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Albert Garcia Training Director | Officer | 40 | $182,789 |
Michael Afonso Coordinator | 40 | $180,027 | |
Kevin Sullivan Coordinator | 40 | $180,027 | |
Josh Galanda Coordinator | 40 | $175,947 | |
Daryl Bartzi Coordinator | 40 | $175,248 | |
Anthony Cuellar Instructor | 40 | $167,614 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $825,279 |
| All other contributions, gifts, grants, and similar amounts not included above | $64,244 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $889,523 |
| Total Program Service Revenue | $11,768,479 |
| Investment income | $374,249 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $32,361 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,126,300 |
| 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. | $312,034 |
| Compensation of current officers, directors, key employees. | $31,203 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,047,876 |
| Pension plan accruals and contributions | $576,389 |
| Other employee benefits | $953,025 |
| Payroll taxes | $335,121 |
| Fees for services: Management | $10,000 |
| Fees for services: Legal | $8,500 |
| Fees for services: Accounting | $54,786 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,538 |
| Fees for services: Other | $64,421 |
| Advertising and promotion | $0 |
| Office expenses | $531,254 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,238,072 |
| Travel | $146,223 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $96,070 |
| Interest | $0 |
| Payments to affiliates | $57,809 |
| Depreciation, depletion, and amortization | $1,205,642 |
| Insurance | $182,420 |
| All other expenses | $0 |
| Total functional expenses | $11,147,148 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,983,044 |
| Pledges and grants receivable | $935,588 |
| Accounts receivable, net | $986,767 |
| 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 | $110,008 |
| Net Land, buildings, and equipment | $20,440,283 |
| Investments—publicly traded securities | $9,671,271 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,653,307 |
| Total assets | $42,780,268 |
| Accounts payable and accrued expenses | $738,833 |
| 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 | $2,640,769 |
| Total liabilities | $3,379,602 |
| 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 | $39,400,666 |
| Total liabilities and net assets/fund balances | $42,780,268 |