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← FINISHING TRADES INSTITUTE OF SOUTHERN NEW ENGLAND INC

Form 990 for tax year 2022

Filed by FINISHING TRADES INSTITUTE OF SOUTHERN NEW ENGLAND INC.

Totals

Total revenue
$2,278,157
Total expenses
$1,552,762
Contributions and grants received
$497,208
Grants paid
$0
Program service revenue
$1,670,036
Investment income
$1,798
Other revenue
$109,115
Total assets, end of year
$2,192,383
Total liabilities, end of year
$10,269
Net assets or fund balances, end of year
$2,182,114
Program services expenses (Part IX)
$1,014,593
Management and general expenses
$538,169
Fundraising expenses
$0
Program service expenses (Part III)
$1,014,593

Program services were 65.3% 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)

    $230,910

  • 1f · All other contributions, gifts and grants

    $266,298

  • 2a · Program service revenue: EMPLOYER CONTRIBUTIONS

    total $1,670,036 · related or exempt $1,670,036

  • 3 · Investment income

    total $1,798 · excluded $1,798

  • 6b · Less rental expenses

    real property $1,577

  • 6c · Rental income or loss

    real property -$1,577

  • 6d · Net rental income or loss

    total -$1,577 · excluded -$1,577

  • 11a · Other revenue: REIMBURSEMENTS

    total $110,692 · related or exempt $110,692

  • 11e · Other revenue, total

    $110,692

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $767,238 · program services $461,780 · management and general $305,458

  • 8 · Pension plan contributions

    total $276,000 · program services $165,600 · management and general $110,400

  • 9 · Other employee benefits

    total $68,859 · program services $41,315 · management and general $27,544

  • 10 · Payroll taxes

    total $72,350 · program services $43,410 · management and general $28,940

  • 11c · Fees: accounting

    total $18,363 · management and general $18,363

  • 13 · Office expenses

    total $77,892 · program services $62,314 · management and general $15,578

  • 16 · Occupancy

    total $3,122 · program services $2,498 · management and general $624

  • 17 · Travel

    total $18,973 · program services $11,384 · management and general $7,589

  • 20 · Interest

    total $5,364 · program services $4,291 · management and general $1,073

  • 22 · Depreciation, depletion and amortization

    total $76,958 · program services $61,566 · management and general $15,392

  • 23 · Insurance

    total $18,020 · program services $10,812 · management and general $7,208

  • 24a · Other expenses: TRAINING COST

    total $138,551 · program services $138,551

  • 24b · Other expenses: REGISTRATION FEE

    total $11,072 · program services $11,072

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $286,865 · end of year $302,881

  • 2 · Savings and temporary cash investments

    beginning of year $141,306 · end of year $684,416

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

    $1,696,082

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

    $490,996

  • 10c · Land, buildings and equipment, net

    beginning of year $1,281,648 · end of year $1,205,086

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,281 · end of year $633

  • 24 · Unsecured notes and loans payable

    beginning of year $242,633 · end of year $5,329

  • 25 · Other liabilities

    beginning of year $2,186 · end of year $4,307

  • 27 · Net assets without donor restrictions

    beginning of year $1,456,719 · end of year $2,182,114

Mission and programs · 2022

Mission

MAINTENANCE OF A JOINT APPRENTICE TRAINING PROGRAM IN CT & RI FOR ELIGIBLE MEMBERS OF DISTRICT COUNCIL 11, PROVIDING OF EDUCATIONAL PROGRAMS, ON-SITE TRAINING, CONTINUED SKILLED DEVELOPMENT AND SAFETY

  • MAINTENANCE OF A JOINT APPRENTICE TRAINING PROGRAM IN CT & RI FOR ELIGIBLE MEMBERS OF DISTRICT COUNCIL 11, PROVIDING OF EDUCATIONAL PROGRAMS, ON-SITE TRAINING, CONTINUED SKILLED DEVELOPMENT AND SAFETY

    Expenses $1,014,593 · Revenue $1,780,728

As filed on the 2022 return.

Listed in Part VII

  • JOHN MASTRIANO

    MANAGEMENT TRUSTEE (P)

    Total calculated
    $0
    Hours/week
    2

  • MARK VERITY

    LABOR TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ROBERT MASSEY JR

    CO-CHAIRMAN - MANAGEMENT

    Total calculated
    $0
    Hours/week
    2

  • WILLAM IANNIELLO

    MANAGEMENT TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • TODD DAVENPORT

    MANAGEMENT TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JASON WERTHMAN

    CO-CHAIRMAN - LABOR

    Total calculated
    $0
    Hours/week
    2

  • WILFREDO VEGA

    LABOR TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JOSEPH FAZZINO

    LABOR TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ANDY MELE

    MANAGEMENT TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • RICHARD RIVERA

    LABOR TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MIKE KOMAROMI

    DIRECTOR OF TRAINING

    Total calculated
    $155,610
    From this org
    $104,815
    From related orgs
    $0
    Other
    $50,795
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $104,815
    Bonus
    $0
    Other
    $0
    Deferred
    $33,575
    Nontaxable benefits
    $17,220
    Filer's total
    $155,610

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.

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202323179349304142

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