Form 990 for tax year 2023
Filed by FINISHING TRADES INSTITUTE OF NEW YORK.
Totals
- Total revenue
- $4,750,748
- Total expenses
- $5,116,387
- Contributions and grants received
- $187,766
- Grants paid
- $0
- Program service revenue
- $4,461,357
- Investment income
- $83,547
- Other revenue
- $18,078
- Total assets, end of year
- $25,341,879
- Total liabilities, end of year
- $11,197,166
- Net assets or fund balances, end of year
- $14,144,713
- Program services expenses (Part IX)
- $4,431,768
- Management and general expenses
- $684,619
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $4,431,768
Program services were 86.6% 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.
-
1e · Government grants (contributions)
$125,422
-
1f · All other contributions, gifts and grants
$62,344
-
2a · Program service revenue: EMPLOYER CONTRIBUTIONS
total $4,420,216 · related or exempt $4,420,216
-
2b · Program service revenue: IUPAT-FTI REIMBURSEMENT
total $41,141 · related or exempt $41,141
-
3 · Investment income
total $59,314 · excluded $59,314
-
6a · Gross rents
real property $7,000
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $7,000
-
6d · Net rental income or loss
total $7,000 · related or exempt $7,000
-
7a · Gross sales of assets other than inventory
securities $1,982,000
-
7b · Less cost or other basis and sales expenses
securities $1,957,767
-
7c · Gain or loss
securities $24,233
-
7d · Net gain or loss
total $24,233 · excluded $24,233
-
11a · Other revenue: OTHER INCOME
total $5,863 · related or exempt $5,863
-
11b · Other revenue: LATE CHARGES
total $5,215 · related or exempt $5,215
-
11e · Other revenue, total
$11,078
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $331,926 · program services $226,694 · management and general $105,232
-
7 · Other salaries and wages
total $1,570,684 · program services $1,441,864 · management and general $128,820
-
8 · Pension plan contributions
total $736,348 · program services $677,441 · management and general $58,907
-
9 · Other employee benefits
total $364,946 · program services $305,983 · management and general $58,963
-
10 · Payroll taxes
total $154,389 · program services $137,797 · management and general $16,592
-
11b · Fees: legal
total $36,028 · management and general $36,028
-
11c · Fees: accounting
total $41,300 · management and general $41,300
-
11g · Fees: other
total $17,516 · management and general $17,516
-
12 · Advertising and promotion
total $29,225 · program services $29,225
-
13 · Office expenses
total $100,689 · program services $1,834 · management and general $98,855
-
16 · Occupancy
total $805,062 · program services $778,298 · management and general $26,764
-
17 · Travel
total $159,620 · program services $158,779 · management and general $841
-
22 · Depreciation, depletion and amortization
total $302,266 · program services $227,583 · management and general $74,683
-
23 · Insurance
total $66,701 · program services $46,583 · management and general $20,118
-
24a · Other expenses: APPRENTICE PROGRAM EXPE
total $201,461 · program services $201,461
-
24b · Other expenses: REPAIRS AND MAINTENANCE
total $87,504 · program services $87,504
-
24c · Other expenses: TRAINING AND LICENSING
total $53,378 · program services $53,378
-
24d · Other expenses: APPRENTICE DATABASE
total $47,408 · program services $47,408
-
24e · All other expenses
total $9,936 · program services $9,936
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $8,288,563 · end of year $1,735,313
-
2 · Savings and temporary cash investments
end of year $102,024
-
3 · Pledges and grants receivable
beginning of year $46,833 · end of year $83,548
-
4 · Accounts receivable
beginning of year $426,242 · end of year $1,880,450
-
9 · Prepaid expenses and deferred charges
beginning of year $72,561 · end of year $66,474
-
10a · Land, buildings and equipment: cost or other basis
$8,438,185
-
10b · Land, buildings and equipment: accumulated depreciation
$2,602,011
-
10c · Land, buildings and equipment, net
beginning of year $6,050,896 · end of year $5,836,174
-
11 · Investments: publicly traded securities
end of year $4,998,096
-
15 · Other assets
beginning of year $11,134,440 · end of year $10,639,800
-
17 · Accounts payable and accrued expenses
beginning of year $199,416 · end of year $273,857
-
25 · Other liabilities
beginning of year $11,343,912 · end of year $10,923,309
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $14,476,207 · end of year $14,144,713
Mission and programs · 2023
Mission
TO PROVIDE TRAINING AND INSTRUCTION FOR APPROXIMATELY 7,700 APPRENTICE & JOURNEYPERSON MEMBERS IN PAINTING AND ALLIED TRADES, AS COVERED UNDER VARIOUS COLLECTIVE BARGAINING AGREEMENTS WITH DISTRICT COUNCIL 9, IUPAT.
-
TO PROVIDE TRAINING AND INSTRUCTION FOR APPROXIMATELY 7,700 APPRENTICE & JOURNEYPERSON MEMBERS IN PAINTING AND ALLIED TRADES, AS COVERED UNDER VARIOUS COLLECTIVE BARGAINING AGREEMENTS WITH DISTRICT COUNCIL 9, IUPAT.
Expenses $4,431,768 · Revenue $2,824,026
As filed on the 2023 return.
Listed in Part VII
-
Jed ColdonJED COLDON
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Nicholas MilazzoNICHOLAS MILAZZO
UNION TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Kyle NugentKYLE NUGENT
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Kieran AhernKIERAN AHERN
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Jerome HaberJEROME HABER
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Todd NugentTODD NUGENT
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Gordon RothGORDON ROTH
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Peter CafieroPETER CAFIERO
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Anthony SpezialeANTHONY SPEZIALE
UNION TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Todd HelfrichTODD HELFRICH
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Bruce RuinskyBRUCE RUINSKY
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Joseph AzzopardiJOSEPH AZZOPARDI
UNION TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Radomir JelcicRADOMIR JELCIC
EMPLOYER TRUSTEE (P)
- Total calculated
- $0
- Hours/week
- 2
-
Dino ErbeliDINO ERBELI
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
John GisondiJOHN GISONDI
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
John DrewJOHN DREW
UNION TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Randy PearlmanRANDY PEARLMAN
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Lee EckLEE ECK
UNION TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
John CarusoJOHN CARUSO
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Richard HenshawRICHARD HENSHAW
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mathew GaetaMATHEW GAETA
UNION TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Stephen BriceSTEPHEN BRICE
UNION TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Archie ErbeliARCHIE ERBELI
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Scott HaberSCOTT HABER
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Costas DiamantisCOSTAS DIAMANTIS
DIRECTOR
- Total calculated
- $332,965
- From this org
- $188,368
- From related orgs
- $0
- Other
- $144,597
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $188,368
- Bonus
- $0
- Other
- $0
- Deferred
- $117,808
- Nontaxable benefits
- $26,789
- Filer's total
- $332,965
-
Rony LunaRONY LUNA
EDUCATION INSTRUCTOR
- Total calculated
- $246,715
- From this org
- $143,084
- From related orgs
- $0
- Other
- $103,631
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $143,084
- Bonus
- $0
- Other
- $0
- Deferred
- $77,915
- Nontaxable benefits
- $25,716
- Filer's total
- $246,715
-
Steven KaySTEVEN KAY
EDUCATION INSTRUCTOR
- Total calculated
- $257,437
- From this org
- $142,671
- From related orgs
- $0
- Other
- $114,766
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $142,671
- Bonus
- $0
- Other
- $0
- Deferred
- $90,310
- Nontaxable benefits
- $24,456
- Filer's total
- $257,437
-
Omar RobinsonOMAR ROBINSON
EDUCATION INSTRUCTOR
- Total calculated
- $248,406
- From this org
- $144,173
- From related orgs
- $0
- Other
- $104,233
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $144,173
- Bonus
- $0
- Other
- $0
- Deferred
- $78,492
- Nontaxable benefits
- $25,741
- Filer's total
- $248,406
-
Juan BernalJUAN BERNAL
EDUCATION INSTRUCTOR
- Total calculated
- $250,513
- From this org
- $146,617
- From related orgs
- $0
- Other
- $103,896
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $146,617
- Bonus
- $0
- Other
- $0
- Deferred
- $78,205
- Nontaxable benefits
- $25,691
- Filer's total
- $250,513
-
Peter GrilloPETER GRILLO
EDUCATION INSTRUCTOR
- Total calculated
- $294,485
- From this org
- $169,547
- From related orgs
- $0
- Other
- $124,938
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $169,547
- Bonus
- $0
- Other
- $0
- Deferred
- $100,303
- Nontaxable benefits
- $24,635
- Filer's total
- $294,485
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.
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.
-
PAINTING INDUSTRY ANNUITY FUND
401(A)/501(A) · PENSION FUND · NY
-
PAINTING INDUSTRY BUILDING CORPORATION
501(C)(2) · TITLE HOLDING CORPORATION · NY
-
PAINTING INDUSTRY INSURANCE FUND
501(C)(9) · HEALTH AND WELFARE BENEFIT FUND · NY
-
DC 9 REALTY CORP
ASSET HOLDING COMPANY · NY
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423199349307367
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