Skip to content
Nonprofiteer
← FINISHING TRADES INSTITUTE OF MD VA DC AND VICINITIES

Form 990 for tax year 2023

Filed by FINISHING TRADES INSTITUTE OF MD VA DC AND VICINITIES.

Totals

Total revenue
$1,159,975
Total expenses
$1,223,816
Contributions and grants received
$178,974
Grants paid
$0
Program service revenue
$981,001
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,284,216
Total liabilities, end of year
$813,251
Net assets or fund balances, end of year
$1,470,965
Program services expenses (Part IX)
$1,008,873
Management and general expenses
$214,943
Fundraising expenses
$0
Program service expenses (Part III)
$1,008,873

Program services were 82.4% 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)

    $15,000

  • 1f · All other contributions, gifts and grants

    $163,974

  • 2a · Program service revenue: CONTRIBUTIONS

    total $972,172 · related or exempt $972,172

  • 2b · Program service revenue: DRUG TESTING FEES

    total $6,778 · related or exempt $6,778

  • 2c · Program service revenue: REIMBURSEMENTS

    total $2,051 · related or exempt $2,051

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $427,597 · program services $377,611 · management and general $49,986

  • 8 · Pension plan contributions

    total $156,939 · program services $130,805 · management and general $26,134

  • 9 · Other employee benefits

    total $66,613 · program services $66,613

  • 10 · Payroll taxes

    total $33,609 · program services $29,680 · management and general $3,929

  • 11b · Fees: legal

    total $6,000 · management and general $6,000

  • 11c · Fees: accounting

    total $18,758 · management and general $18,758

  • 12 · Advertising and promotion

    total $6,731 · management and general $6,731

  • 13 · Office expenses

    total $51,514 · management and general $51,514

  • 16 · Occupancy

    total $250,992 · program services $221,651 · management and general $29,341

  • 17 · Travel

    total $21,451 · program services $16,402 · management and general $5,049

  • 20 · Interest

    total $514 · management and general $514

  • 22 · Depreciation, depletion and amortization

    total $38,380 · program services $33,894 · management and general $4,486

  • 23 · Insurance

    total $19,789 · program services $7,486 · management and general $12,303

  • 24a · Other expenses: GRANT EXPENDITURE

    total $90,069 · program services $90,069

  • 24b · Other expenses: TRAINING EQUIP. & SUPP.

    total $19,824 · program services $19,824

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $14,838 · program services $14,838

  • 24d · Other expenses: OTHER EXPENSE

    total $198 · management and general $198

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,088,032 · end of year $1,039,123

  • 4 · Accounts receivable

    beginning of year $182,626 · end of year $106,101

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,575 · end of year $166

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

    $838,594

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

    $471,628

  • 10c · Land, buildings and equipment, net

    beginning of year $318,940 · end of year $366,966

  • 14 · Intangible assets

    beginning of year $762,187 · end of year $694,458

  • 15 · Other assets

    beginning of year $80,761 · end of year $77,402

  • 17 · Accounts payable and accrued expenses

    beginning of year $55,843 · end of year $70,482

  • 19 · Deferred revenue

    beginning of year $80,135 · end of year $45,161

  • 25 · Other liabilities

    beginning of year $765,337 · end of year $697,608

  • 27 · Net assets without donor restrictions

    beginning of year $1,534,806 · end of year $1,470,965

Mission and programs · 2023

Mission

NONE

Activities or mission (Part I)

TO ESTABLISH AND MAINTAIN JOINT APPRENTICESHIP AND VOCATIONAL TRAINING, EDUCATION, AND RETRAINING PROGRAMS.

  • APPRENTICESHIP AND TRAINING

    Expenses $1,008,873 · Revenue $981,001

As filed on the 2023 return.

Listed in Part VII

  • Charles Parker

    TRUSTEE-LABOR

    Total calculated
    $169,066
    From this org
    $0
    From related orgs
    $119,101
    Other
    $49,965
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $119,101 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $38,068 related
    Nontaxable benefits
    $0 + $11,897 related
    Filer's total
    $0 + $169,066 related

  • Derwin Scalph

    TRUSTEE-LABOR

    Total calculated
    $151,360
    From this org
    $0
    From related orgs
    $106,106
    Other
    $45,254
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $106,106 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $33,588 related
    Nontaxable benefits
    $0 + $11,666 related
    Filer's total
    $0 + $151,360 related

  • Mauricio Rauda

    TRUSTEE-LABOR

    Total calculated
    $0
    Hours/week
    2

  • Andrew Canter

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Sean Conto

    TRUSTEE-MANAGEMENT

    Total calculated
    $0
    Hours/week
    2

  • Alex Evans

    TRUSTEE-MANAGEMENT

    Total calculated
    $0
    Hours/week
    2

  • Harold Pannill

    TRUSTEE-MANAGEMENT

    Total calculated
    $0
    Hours/week
    2

  • Brian Courtien

    CO-CHAIR

    Total calculated
    $199,376
    From this org
    $0
    From related orgs
    $141,817
    Other
    $57,559
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $141,817 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $45,662 related
    Nontaxable benefits
    $0 + $11,897 related
    Filer's total
    $0 + $199,376 related

  • Bryan Monroe

    TRUSTEE-LABOR

    Total calculated
    $153,842
    From this org
    $0
    From related orgs
    $107,686
    Other
    $46,156
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $107,686 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $34,490 related
    Nontaxable benefits
    $0 + $11,666 related
    Filer's total
    $0 + $153,842 related

  • James Reamy

    EMPLOYEE

    Total calculated
    $155,680
    From this org
    $102,232
    From related orgs
    $0
    Other
    $53,448
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $102,232
    Bonus
    $0
    Other
    $0
    Deferred
    $37,522
    Nontaxable benefits
    $15,926
    Filer's total
    $155,680

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

None.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
9 July 2024
IRS schema version
2023v5.1
Source object
202411919349300106

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.