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Nonprofiteer
← FOREST WORKFORCE TRAINING INSTITUTE

Form 990 for tax year 2023

Filed by FOREST WORKFORCE TRAINING INSTITUTE.

Totals

Total revenue
$2,194,725
Total expenses
$967,700
Contributions and grants received
$740,275
Grants paid
$41,101
Program service revenue
$1,345,311
Investment income
$100,980
Other revenue
$8,159
Total assets, end of year
$3,744,465
Total liabilities, end of year
$59,005
Net assets or fund balances, end of year
$3,685,460
Program services expenses (Part IX)
$896,262
Management and general expenses
$71,438
Fundraising expenses
$0
Program service expenses (Part III)
$896,262

Program services were 92.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $40,060

  • 1e · Government grants (contributions)

    $218,459

  • 1f · All other contributions, gifts and grants

    $481,756

  • 2a · Program service revenue: TRAINING CENTER PROJEC

    total $1,181,311 · related or exempt $1,181,311

  • 2b · Program service revenue: SPECIAL PROJECTS

    total $125,000 · related or exempt $125,000

  • 2c · Program service revenue: SPONSORSHIPS

    total $39,000 · related or exempt $39,000

  • 3 · Investment income

    total $100,980 · excluded $100,980

  • 5 · Royalties

    total $6,459 · related or exempt $6,459

  • 11a · Other revenue: MEETING EVENTS

    total $1,700 · related or exempt $1,700

  • 11e · Other revenue, total

    $1,700

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $41,101 · program services $41,101

  • 7 · Other salaries and wages

    total $237,527 · program services $211,399 · management and general $26,128

  • 11a · Fees: management

    total $30,000 · program services $26,700 · management and general $3,300

  • 11b · Fees: legal

    total $8,288 · program services $7,376 · management and general $912

  • 11c · Fees: accounting

    total $19,500 · program services $17,355 · management and general $2,145

  • 12 · Advertising and promotion

    total $278,626 · program services $247,977 · management and general $30,649

  • 13 · Office expenses

    total $35,812 · program services $33,968 · management and general $1,844

  • 14 · Information technology

    total $3,953 · program services $3,518 · management and general $435

  • 17 · Travel

    total $39,230 · program services $34,915 · management and general $4,315

  • 19 · Conferences, conventions and meetings

    total $15,544 · program services $13,834 · management and general $1,710

  • 24a · Other expenses: TRAINING CENTER PROJECT

    total $111,199 · program services $111,199

  • 24b · Other expenses: LSR EXPENSES

    total $65,251 · program services $65,251

  • 24c · Other expenses: WORKFORCE TRAINING SERV

    total $27,200 · program services $27,200

  • 24d · Other expenses: SPONSORED ACTIVITIES

    total $25,000 · program services $25,000

  • 24e · All other expenses

    total $29,469 · program services $29,469

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $396,550 · end of year $1,645,824

  • 4 · Accounts receivable

    beginning of year $416,557 · end of year $67,605

  • 9 · Prepaid expenses and deferred charges

    end of year $4,581

  • 13 · Investments: program-related

    beginning of year $1,919,411 · end of year $2,020,043

  • 15 · Other assets

    beginning of year $0 · end of year $6,412

  • 17 · Accounts payable and accrued expenses

    beginning of year $274,083 · end of year $30,077

  • 19 · Deferred revenue

    end of year $28,928

  • 27 · Net assets without donor restrictions

    beginning of year $2,338,563 · end of year $3,413,661

  • 28 · Net assets with donor restrictions

    beginning of year $119,872 · end of year $271,799

Mission and programs · 2023

Mission

TO PROVIDE THE NEXT GENERATION WITH THE RESOURCES, SKILLS AND GUIDANCE NEEDED TO JOIN THE FOREST AND WOOD PRODUCTS MANUFACTURING WORKFORCE. BY PARTNERING WITH EDUCATION AND PRIVATE BUSINESS WITHIN THE SOUTHEAST'S FOREST INDUSTRY, WE CULTIVATE CAREERS, BUILD COMMUNITIES AND STIMULATE LOCAL ECONOMIES.

Activities or mission (Part I)

TO CREATE A PIPELINE OF QUALIFIED WORKERS TO THE FOREST INDUSTRY

  • AS OUR FIRST CUSTOM TRAINING PROGRAM, OUR FOUR-WEEK LOGGING EQUIPMENT OPERATOR SCHOOL PROVIDES TRAINING OPPORTUNITIES TO DEVELOP THE SKILLS AND KNOWLEDGE OF INTERESTED INDIVIDUALS AGED 18+ TO PREPARE THEM FOR A CAREER IN LOGGING. THIS PROGRAM ESPECIALLY GEARED TOWARDS RECENT HIGH SCHOOL GRADUATES WHO HAVE A DESIRE TO BEGIN A CAREER IN LOGGING.

    Expenses $133,302

  • FWTI'S FOREST WORKFORCE SCHOLARSHIP PROGRAM IS SPECIFICALLY TARGETED AT STUDENTS AND OTHER POTENTIAL EMPLOYEES WHO WANT TO WORK IN THE FOREST INDUSTRY BUT REQUIRE ADDITIONAL EDUCATION OR TRAINING TO BEGIN THAT CAREER PATH.

    Expenses $41,101 · Grants $41,101

  • THE LANDSCAPE SCALE RESTORATION PROGRAM IS A FOREST SERVICE STATE AND PRIVATE FORESTRY COMPETITIVE GRANT PROGRAM THAT PROMOTES COLLABORATIVE, SCIENCE-BASED RESTORATION OF PRIORITY FOREST LANDSCAPES AND FURTHERS PRIORITIES IDENTIFIED IN STATE FOREST ACTION PLANS OR EQUIVALENT RESTORATION STRATEGY.

    Expenses $65,251

  • OTHER ACTIVITIES TO DEVELOP A PIPELINE OF QUALIFIED WORKERS FOR THE LOGGING AND WOOD PRODUCT MANUFACTURING INDUSTRIES.

    Expenses $656,608 · Revenue $1,353,470

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dave Donaldson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Chris Potts

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Tedrick Ratcliff

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Freddy Tidwell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Tim Thornhill

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0

  • Chris Isaacson

    PRESIDENT AND CEO

    Total calculated
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202423199349307422

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