Form 990 for tax year 2023
Filed by FINISHING TRADES INSTITUTE OF SOUTHERN NEW ENGLAND INC.
Totals
- Total revenue
- $2,523,843
- Total expenses
- $2,110,171
- Contributions and grants received
- $159,324
- Grants paid
- $0
- Program service revenue
- $2,363,117
- Investment income
- $7,755
- Other revenue
- -$6,353
- Total assets, end of year
- $2,603,954
- Total liabilities, end of year
- $8,168
- Net assets or fund balances, end of year
- $2,595,786
- Program services expenses (Part IX)
- $1,433,276
- Management and general expenses
- $676,895
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,433,276
Program services were 67.9% 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.
-
1f · All other contributions, gifts and grants
$159,324
-
2a · Program service revenue: EMPLOYER CONTRIBUTIONS
total $2,272,765 · related or exempt $2,272,765
-
2b · Program service revenue: REIMBURSEMENTS
total $90,352 · related or exempt $90,352
-
3 · Investment income
total $7,755 · excluded $7,755
-
6b · Less rental expenses
real property $6,353
-
6c · Rental income or loss
real property -$6,353
-
6d · Net rental income or loss
total -$6,353 · excluded -$6,353
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $937,529 · program services $563,383 · management and general $374,146
-
8 · Pension plan contributions
total $324,148 · program services $194,489 · management and general $129,659
-
9 · Other employee benefits
total $98,529 · program services $59,117 · management and general $39,412
-
10 · Payroll taxes
total $72,350 · program services $43,410 · management and general $28,940
-
11c · Fees: accounting
total $7,708 · management and general $7,708
-
13 · Office expenses
total $111,428 · program services $89,142 · management and general $22,286
-
16 · Occupancy
total $215,547 · program services $172,438 · management and general $43,109
-
17 · Travel
total $19,716 · program services $11,830 · management and general $7,886
-
20 · Interest
total $407 · program services $326 · management and general $81
-
22 · Depreciation, depletion and amortization
total $72,998 · program services $58,398 · management and general $14,600
-
23 · Insurance
total $22,671 · program services $13,603 · management and general $9,068
-
24a · Other expenses: TRAINING COST
total $213,687 · program services $213,687
-
24b · Other expenses: REGISTRATION FEE
total $13,453 · program services $13,453
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $302,881 · end of year $407,730
-
2 · Savings and temporary cash investments
beginning of year $684,416 · end of year $1,062,562
-
10a · Land, buildings and equipment: cost or other basis
$1,697,656
-
10b · Land, buildings and equipment: accumulated depreciation
$563,994
-
10c · Land, buildings and equipment, net
beginning of year $1,205,086 · end of year $1,133,662
-
17 · Accounts payable and accrued expenses
beginning of year $633 · end of year $386
-
24 · Unsecured notes and loans payable
beginning of year $5,329
-
25 · Other liabilities
beginning of year $4,307 · end of year $7,782
-
27 · Net assets without donor restrictions
beginning of year $2,182,114 · end of year $2,595,786
Mission and programs · 2023
Mission
MAINTENANCE OF A JOINT APPRENTICE TRAINING PROGRAM IN CT & RI FOR ELIGIBLE MEMBERS OF DISTRICT COUNCIL 11, PROVIDING OF EDUCATIONAL PROGRAMS, ON-SITE TRAINING, CONTINUED SKILLED DEVELOPMENT AND SAFETY
-
MAINTENANCE OF A JOINT APPRENTICE TRAINING PROGRAM IN CT & RI FOR ELIGIBLE MEMBERS OF DISTRICT COUNCIL 11, PROVIDING OF EDUCATIONAL PROGRAMS, ON-SITE TRAINING, CONTINUED SKILLED DEVELOPMENT AND SAFETY
Expenses $1,433,276 · Revenue $2,363,117
As filed on the 2023 return.
Listed in Part VII
-
Andy MeleANDY MELE
MANAGEMENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Jason WerthmanJASON WERTHMAN
CO-CHAIRMAN - LABOR
- Total calculated
- $0
- Hours/week
- 2
-
Joseph FazzinoJOSEPH FAZZINO
LABOR TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mark VerityMARK VERITY
LABOR TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Richard RiveraRICHARD RIVERA
LABOR TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Robert Massey JrROBERT MASSEY JR
CO-CHAIRMAN - MANAGEMENT
- Total calculated
- $0
- Hours/week
- 2
-
Todd DavenportTODD DAVENPORT
MANAGEMENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Wilfredo VegaWILFREDO VEGA
LABOR TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Willam IannielloWILLAM IANNIELLO
MANAGEMENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mike KomaromiMIKE KOMAROMI
DIRECTOR OF TRAINING
- Total calculated
- $212,130
- From this org
- $152,859
- From related orgs
- $0
- Other
- $59,271
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $152,859
- Bonus
- $0
- Other
- $0
- Deferred
- $41,811
- Nontaxable benefits
- $17,460
- Filer's total
- $212,130
-
Jonathan PlymptonJONATHAN PLYMPTON
INSTRUCTOR
- Total calculated
- $192,196
- From this org
- $135,296
- From related orgs
- $0
- Other
- $56,900
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $135,296
- Bonus
- $0
- Other
- $0
- Deferred
- $39,440
- Nontaxable benefits
- $17,460
- Filer's total
- $192,196
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 16 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202412609349300111
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