Southwest Carpenters Training Fund
- Assets
- $42.9m
- Revenue
- $39.2m
- Investments
- $26.6m
- Employees
- 110
- Location
- Los Angeles, CA
- Founding
- 04/1964
- Data as of
- 12/2022
- EIN
- 95-2106266
Organization Overview
Southwest Carpenters Training Fund is located in Los Angeles, CA. The organization was established in 1964. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2022, Southwest Carpenters Training Fund employed 110 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwest Carpenters Training Fund is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2022, Southwest Carpenters Training Fund generated $39.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $39.7m during the year ending 12/2022. While expenses have increased by 4.3% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATION AND TRAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EDUCATION AND TRAINING TO MEMBERS WHO ARE TO BECOME CARPENTERS APPRENTICES FOR JOB SITE CONSTRUCTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen Othman Trustee | Trustee | 1 | $0 |
Curtis Conyers Jr Trustee | Trustee | 1 | $0 |
Richard Harris Trustee | Trustee | 1 | $0 |
Douglas Mccarron Trustee | Trustee | 1 | $0 |
Clint G Larison Trustee | Trustee | 1 | $0 |
Frank Hawk Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Carpenters Southwest Administrative Corp Administrative Services | 12/30/22 | $673,269 |
Shanley Apc Legal Services | 12/30/22 | $245,961 |
Washington Capital Management Consulting Services | 12/30/22 | $121,649 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $567,522 |
| All other contributions, gifts, grants, and similar amounts not included above | $402,632 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $970,154 |
| Total Program Service Revenue | $37,757,767 |
| Investment income | $724,636 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $87,095 |
| Net Gain/Loss on Asset Sales | -$356,407 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,183,245 |
| 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. | $297,382 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,945,369 |
| Pension plan accruals and contributions | $1,500,628 |
| Other employee benefits | $1,463,361 |
| Payroll taxes | $831,940 |
| Fees for services: Management | $625,493 |
| Fees for services: Legal | $192,488 |
| Fees for services: Accounting | $48,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $39,433 |
| Fees for services: Other | $897,576 |
| Advertising and promotion | $19,689 |
| Office expenses | $1,432,672 |
| Information technology | $6,835 |
| Royalties | $0 |
| Occupancy | $10,536,112 |
| Travel | $1,657,319 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $79,386 |
| Interest | $10,444 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $687,845 |
| Insurance | $781,517 |
| All other expenses | $82,060 |
| Total functional expenses | $39,721,667 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,242,694 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,086,864 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $368,410 |
| Prepaid expenses and deferred charges | $227,503 |
| Net Land, buildings, and equipment | $3,995,998 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $26,587,646 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,357,650 |
| Total assets | $42,866,765 |
| Accounts payable and accrued expenses | $4,232,930 |
| 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 | $1,113,876 |
| Total liabilities | $5,346,806 |
| Net assets without donor restrictions | $37,519,959 |
| 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 | $42,866,765 |