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← MID-ATLANTIC CARPENTERS TRAINING CENTERS

Form 990 for tax year 2023

Filed by MID-ATLANTIC CARPENTERS TRAINING CENTERS.

Totals

Total revenue
$3,153,954
Total expenses
$2,533,580
Contributions and grants received
$446,546
Grants paid
$0
Program service revenue
$2,536,718
Investment income
$170,690
Other revenue
$0
Total assets, end of year
$12,426,571
Total liabilities, end of year
$998,751
Net assets or fund balances, end of year
$11,427,820
Program services expenses (Part IX)
$2,202,975
Management and general expenses
$330,605
Fundraising expenses
$0
Program service expenses (Part III)
$2,202,975

Program services were 87.0% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $446,546

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Fees from contractors

    total $2,276,502 · related or exempt $2,276,502 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Other program income

    total $260,216 · related or exempt $260,216 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $372,088 · related or exempt $0 · unrelated business $0 · excluded $372,088

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $0

  • 7b · Less cost or other basis and sales expenses

    securities $201,398 · other assets $0

  • 7c · Gain or loss

    securities -$201,398 · other assets $0

  • 7d · Net gain or loss

    total -$201,398 · related or exempt -$201,398 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $887,212 · program services $754,130 · management and general $133,082

  • 9 · Other employee benefits

    total $346,335 · program services $294,385 · management and general $51,950

  • 10 · Payroll taxes

    total $67,951 · program services $57,758 · management and general $10,193

  • 11b · Fees: legal

    total $25,902 · program services $22,017 · management and general $3,885

  • 11c · Fees: accounting

    total $11,750 · program services $9,988 · management and general $1,762

  • 11f · Fees: investment management

    total $21,740 · program services $18,479 · management and general $3,261

  • 11g · Fees: other

    total $6,426 · program services $5,461 · management and general $965

  • 13 · Office expenses

    total $35,495 · program services $30,171 · management and general $5,324

  • 14 · Information technology

    total $75,035 · program services $75,035

  • 16 · Occupancy

    total $658,769 · program services $559,954 · management and general $98,815

  • 17 · Travel

    total $107,406 · program services $107,406

  • 19 · Conferences, conventions and meetings

    total $6,839 · program services $6,839

  • 22 · Depreciation, depletion and amortization

    total $83,245 · program services $70,758 · management and general $12,487

  • 23 · Insurance

    total $59,209 · program services $50,328 · management and general $8,881

  • 24a · Other expenses: TRAINING AND LODGING

    total $119,225 · program services $119,225 · management and general $0 · fundraising $0

  • 24b · Other expenses: GRADUATION EXPENSES

    total $8,647 · program services $8,647 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $12,394 · program services $12,394

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,558,309 · end of year $966,051

  • 2 · Savings and temporary cash investments

    beginning of year $111,247 · end of year $1,227,084

  • 4 · Accounts receivable

    beginning of year $330,476 · end of year $253,938

  • 10a · Land, buildings and equipment: cost or other basis

    $2,631,390

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,649,264

  • 10c · Land, buildings and equipment, net

    beginning of year $696,626 · end of year $982,126

  • 12 · Investments: other securities

    beginning of year $8,161,776 · end of year $8,145,737

  • 15 · Other assets

    beginning of year $1,141,692 · end of year $851,635

  • 17 · Accounts payable and accrued expenses

    beginning of year $124,554 · end of year $147,992

  • 25 · Other liabilities

    beginning of year $1,140,816 · end of year $850,759

  • 27 · Net assets without donor restrictions

    beginning of year $10,734,756 · end of year $11,427,820

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

To provide training to apprentice and journeymen carpenters.

Activities or mission (Part I)

To provide apprenticeship and journeymen carpenters education and training.

  • Apprenticeship and journeymen training and education for carpenters under a collective bargaining agreement.

    Expenses $2,202,975

As filed on the 2023 return.

Listed in Part VII

  • Jose Frias

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • John Barber

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Bobby Pressley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Ray Brugeras

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mark Humphrey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Arash Parham

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mark Ward

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Robert Eaton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Anthony Abrantes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mike Jones

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • William Sproule

    CO-CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • George Rusk

    CO-CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
3 October 2024
IRS schema version
2023v5.0
Source object
202442919349301249

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