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← FINISHING TRADES INSTITUTE OF NORTH CALIFORNIA AND NEVADA TRUST

Form 990 for tax year 2023

Filed by FINISHING TRADES INSTITUTE OF NORTH CALIFORNIA AND NEVADA TRUST.

Totals

Total revenue
$14,986,370
Total expenses
$10,881,808
Contributions and grants received
$2,506,055
Grants paid
$0
Program service revenue
$11,738,885
Investment income
$627,689
Other revenue
$113,741
Total assets, end of year
$47,081,004
Total liabilities, end of year
$7,072,035
Net assets or fund balances, end of year
$40,008,969
Program services expenses (Part IX)
$8,538,813
Management and general expenses
$2,342,995
Fundraising expenses
$0
Program service expenses (Part III)
$8,538,813

Program services were 78.5% 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.

  • 1e · Government grants (contributions)

    $818,585

  • 1f · All other contributions, gifts and grants

    $1,687,470

  • 2a · Program service revenue: EMPLOYER CONTRIBUTIONS

    total $10,114,892 · related or exempt $10,114,892

  • 2b · Program service revenue: EXCESS COST REIMBURSMENT

    total $1,357,739 · related or exempt $1,357,739

  • 2c · Program service revenue: STAR ADMIN REIMB

    total $171,562 · related or exempt $171,562

  • 2d · Program service revenue: OTHER INCOME

    total $94,692 · related or exempt $94,692

  • 3 · Investment income

    total $686,327 · excluded $686,327

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

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $113,741

  • 6c · Rental income or loss

    real property $113,741 · personal property $0

  • 6d · Net rental income or loss

    total $113,741 · excluded $113,741

  • 7a · Gross sales of assets other than inventory

    securities $9,655,489

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

    securities $9,714,127

  • 7c · Gain or loss

    securities -$58,638

  • 7d · Net gain or loss

    total -$58,638 · excluded -$58,638

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $3,514,716 · program services $2,872,966 · management and general $641,750

  • 8 · Pension plan contributions

    total $871,648 · program services $731,413 · management and general $140,235

  • 9 · Other employee benefits

    total $676,015 · program services $470,684 · management and general $205,331

  • 10 · Payroll taxes

    total $267,588 · program services $211,317 · management and general $56,271

  • 11a · Fees: management

    total $186,880 · management and general $186,880

  • 11b · Fees: legal

    total $42,810 · management and general $42,810

  • 11c · Fees: accounting

    total $38,570 · management and general $38,570

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $34,439 · management and general $34,439

  • 11g · Fees: other

    total $159,554 · program services $146,903 · management and general $12,651

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $259,301 · program services $114,254 · management and general $145,047

  • 14 · Information technology

    total $97,182 · management and general $97,182

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $2,485,978 · program services $2,380,184 · management and general $105,794

  • 17 · Travel

    total $583,251 · program services $579,997 · management and general $3,254

  • 18 · Travel or entertainment for public officials

    total $5,046 · management and general $5,046

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $574,255 · management and general $574,255

  • 23 · Insurance

    total $124,856 · program services $82,276 · management and general $42,580

  • 24a · Other expenses: VOCATIONAL SUPPLIES

    total $767,821 · program services $767,821

  • 24b · Other expenses: TUITION-NV

    total $107,686 · program services $107,686

  • 24c · Other expenses: GRADUATION EXPENSE

    total $73,171 · program services $73,171

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $9,396 · management and general $9,396

  • 24e · All other expenses

    total $1,645 · program services $141 · management and general $1,504

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $6,114,748 · end of year $5,496,082

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $4,746,761 · end of year $4,131,504

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $19,349

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

    $16,244,502

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

    $7,175,409

  • 10c · Land, buildings and equipment, net

    beginning of year $9,488,935 · end of year $9,069,093

  • 11 · Investments: publicly traded securities

    beginning of year $15,240,392 · end of year $22,080,069

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $7,464,334 · end of year $6,284,907

  • 17 · Accounts payable and accrued expenses

    beginning of year $514,295 · end of year $653,180

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $7,522,045 · end of year $6,418,855

  • 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 $35,018,830 · end of year $40,008,969

Mission and programs · 2023

Mission

TO PROMOTE THE WORKING CONDITIONS OF MEMBERS BY PROVIDING TRAINING TO APPRENTICES AND JOURNEYMEN IN THE SKILLED CRAFTS OF FLOOR COVERING, PAINTING, TAPING, AND GLAZING.

Activities or mission (Part I)

SEE SCHEDULE O

  • PROMOTED THE WORKING CONDITIONS OF MEMBERS BY PROVIDING TRAINING TO APPRENTICES AND JOURNEYMEN IN THE SKILLED CRAFTS OF FLOOR COVERING, PAINTING, TAPING, AND GLAZING.

    Expenses $8,538,813 · Revenue $11,738,885

As filed on the 2023 return.

Listed in Part VII

  • Alejandro Beltran

    DIRECTOR OF TRAINING

    Total calculated
    $288,082
    From this org
    $203,863
    From related orgs
    $0
    Other
    $84,219
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $203,863
    Bonus
    $0
    Other
    $0
    Deferred
    $51,702
    Nontaxable benefits
    $32,517
    Filer's total
    $288,082

  • Erik C Schorken

    INSTRUCTOR

    Total calculated
    $243,265
    From this org
    $166,456
    From related orgs
    $0
    Other
    $76,809
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,456
    Bonus
    $0
    Other
    $0
    Deferred
    $47,153
    Nontaxable benefits
    $29,656
    Filer's total
    $243,265

  • Gary J Wittaker

    INSTRUCTOR

    Total calculated
    $228,028
    From this org
    $157,807
    From related orgs
    $0
    Other
    $70,221
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,807
    Bonus
    $0
    Other
    $0
    Deferred
    $43,448
    Nontaxable benefits
    $26,773
    Filer's total
    $228,028

  • Tanner Carroll

    INSTRUCTOR

    Total calculated
    $227,630
    From this org
    $151,521
    From related orgs
    $0
    Other
    $76,109
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,521
    Bonus
    $0
    Other
    $0
    Deferred
    $46,723
    Nontaxable benefits
    $29,386
    Filer's total
    $227,630

  • Brian G Munsell

    INSTRUCTOR

    Total calculated
    $221,474
    From this org
    $159,252
    From related orgs
    $0
    Other
    $62,222
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,252
    Bonus
    $0
    Other
    $0
    Deferred
    $39,818
    Nontaxable benefits
    $22,404
    Filer's total
    $221,474

  • Robert Williams

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.25

  • James Boster

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • James Hewett

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • Lance Ryken

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • Jim Maggiore

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.25

  • Frank Nunes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • Tom Christophe

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • Genelle Volhontseff

    TRUSTEE - TERM. 7/25/2023

    Total calculated
    $0
    Hours/week
    0.25

  • Daniel Lincoln

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • Harold Daly

    TRUSTEE - EFF. 7/25/2023

    Total calculated
    $0
    Hours/week
    0.25

  • Tammy Evans

    TRUSTEE - EFF. 9/16/2023

    Total calculated
    $0
    Hours/week
    0.25

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.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202501289349303015

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