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← FINISHING TRADES INSTITUTE OF MD VA DC AND VICINITIES

Form 990 for tax year 2024

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

Totals

Total revenue
$1,263,246
Total expenses
$1,270,842
Contributions and grants received
$101,974
Grants paid
$4,941
Program service revenue
$1,161,272
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,287,668
Total liabilities, end of year
$824,299
Net assets or fund balances, end of year
$1,463,369
Program services expenses (Part IX)
$1,074,022
Management and general expenses
$196,820
Fundraising expenses
$0
Program service expenses (Part III)
$1,074,022

Program services were 84.5% 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.

  • 1d · Related organizations

    $54,033

  • 1f · All other contributions, gifts and grants

    $47,941

  • 2a · Program service revenue: CONTRIBUTIONS

    total $1,145,052 · related or exempt $1,145,052

  • 2b · Program service revenue: REIMBURSEMENTS

    total $16,220 · related or exempt $16,220

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,941 · program services $4,941

  • 7 · Other salaries and wages

    total $442,661 · program services $387,328 · management and general $55,333

  • 8 · Pension plan contributions

    total $143,461 · program services $125,528 · management and general $17,933

  • 9 · Other employee benefits

    total $66,971 · program services $58,600 · management and general $8,371

  • 10 · Payroll taxes

    total $34,520 · program services $30,205 · management and general $4,315

  • 11b · Fees: legal

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

  • 11c · Fees: accounting

    total $30,456 · management and general $30,456

  • 12 · Advertising and promotion

    total $9,662 · management and general $9,662

  • 13 · Office expenses

    total $24,521 · program services $13,302 · management and general $11,219

  • 16 · Occupancy

    total $263,732 · program services $230,765 · management and general $32,967

  • 17 · Travel

    total $28,591 · program services $25,914 · management and general $2,677

  • 20 · Interest

    total $215 · management and general $215

  • 22 · Depreciation, depletion and amortization

    total $50,123 · program services $43,858 · management and general $6,265

  • 23 · Insurance

    total $22,271 · program services $19,488 · management and general $2,783

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

    total $74,880 · program services $74,880

  • 24b · Other expenses: EXPENSE REIMBURSEMENT

    total $56,064 · program services $56,064

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $8,380 · management and general $8,380

  • 24d · Other expenses: PARTICIPANT STIPENDS

    total $3,149 · program services $3,149

  • 24e · All other expenses

    total $244 · management and general $244

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,039,123 · end of year $1,232,000

  • 4 · Accounts receivable

    beginning of year $106,101 · end of year $118,071

  • 9 · Prepaid expenses and deferred charges

    beginning of year $166 · end of year $0

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

    $855,512

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

    $521,751

  • 10c · Land, buildings and equipment, net

    beginning of year $366,966 · end of year $333,761

  • 14 · Intangible assets

    beginning of year $694,458 · end of year $526,434

  • 15 · Other assets

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

  • 17 · Accounts payable and accrued expenses

    beginning of year $70,482 · end of year $38,751

  • 19 · Deferred revenue

    beginning of year $45,161 · end of year $255,964

  • 25 · Other liabilities

    beginning of year $697,608 · end of year $529,584

  • 27 · Net assets without donor restrictions

    beginning of year $1,470,965 · end of year $1,463,369

Mission and programs · 2024

Mission

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

  • APPRENTICESHIP AND TRAINING

    Expenses $1,074,022 · Grants $4,941 · Revenue $1,161,272

As filed on the 2024 return.

Listed in Part VII

  • Charles Parker

    TRUSTEE-LABOR

    Total calculated
    $174,014
    From this org
    $0
    From related orgs
    $122,491
    Other
    $51,523
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $122,491 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $40,360 related
    Nontaxable benefits
    $0 + $11,163 related
    Filer's total
    $0 + $174,014 related

  • Derwin Scalph

    TRUSTEE-LABOR

    Total calculated
    $158,323
    From this org
    $0
    From related orgs
    $110,742
    Other
    $47,581
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $110,742 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $36,418 related
    Nontaxable benefits
    $0 + $11,163 related
    Filer's total
    $0 + $158,323 related

  • Jose Rauda

    TRUSTEE-LABOR

    Total calculated
    $158,518
    From this org
    $0
    From related orgs
    $110,937
    Other
    $47,581
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $110,937 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $36,418 related
    Nontaxable benefits
    $0 + $11,163 related
    Filer's total
    $0 + $158,518 related

  • 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
    $205,330
    From this org
    $0
    From related orgs
    $145,922
    Other
    $59,408
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $145,922 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $48,245 related
    Nontaxable benefits
    $0 + $11,163 related
    Filer's total
    $0 + $205,330 related

  • Bryan Monroe

    TRUSTEE-LABOR

    Total calculated
    $145,689
    From this org
    $0
    From related orgs
    $101,817
    Other
    $43,872
    Hours/week
    2

  • James Reamy

    EMPLOYEE

    Total calculated
    $154,829
    From this org
    $104,942
    From related orgs
    $0
    Other
    $49,887
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $104,942
    Bonus
    $0
    Other
    $0
    Deferred
    $34,010
    Nontaxable benefits
    $15,877
    Filer's total
    $154,829

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
2024
Filed
11 November 2025
IRS schema version
2024v5.2
Source object
202503159349306765

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