NORTHEAST CARPENTERS APPRENTICE FUND

EIN: 237041867 501(c)(3)

EDISON, NJ

Total Revenue
$11,149,070
Total Expenses
$11,504,831
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
NJ
Principal Officer
ROBERT SMITH
Phone
9082418866
Tax Period
2022-01-01 to 2022-12-31

NORTHEAST CARPENTERS APPRENTICE FUND, founded in 1969, is a mid-sized nonprofit that reported $11.1M in total revenue in fiscal year 2022.

Mission

TO MAINTAIN TRAINING FACILITIES TO PROVIDE TRAINING OF APPRENTICES AND UPGRADING OF SKILL LEVEL FOR TRAINING JOURNEY LEVEL CARPENTERS

Program Service Accomplishments

Program 1
Expenses: $10,293,017

TO MAINTAIN TRAINING FACILITIES TO PROVIDE TRAINING OF APPRENTICES AND UPGRADING OF SKILL LEVEL FOR TRAINING JOURNEY LEVEL CARPENTERS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $601,293
Program Service Revenue $9,722,775
Investment Income $360,247
Other Revenue $464,755
TOTAL REVENUE $11,149,070

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,577,856
Fundraising Expenses $0
Program Expenses $10,293,017
Other Expenses $4,926,975
TOTAL EXPENSES $11,504,831

Year-over-Year Comparison

2022 2021 Change
Revenue $11,149,070 $10,381,249 +0.1%
Expenses $11,504,831 $10,632,114 +0.1%
Net Income $-355,761 $-250,865 +0.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
18
Employees
59
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$350,599
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JACK KOCSIS EMPLOYER TRUSTEE/CO-CHAIR 1.00
Director
$0 $0 $0
ERIC JENSEN EMPLOYER TRUSTEE/VICE CO-CHAIR 1.00
Director
$0 $0 $0
ADAM SCHMIT EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
GLENN GARLATTI EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
JOHN EPIFANO EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
MARK HALL EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL TRAVOSTINO EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
ROBERT HUDSON EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
ROBERT POLISANO EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM SPROULE LABOR TRUSTEE/CO-CHAIR 1.00
Director
$0 $0 $0
ANTHONY ABRANTES LABOR TRUSTEE 1.00
Director
$0 $0 $0
RAY BRUGUERAS LABOR TRUSTEE 1.00
Director
$0 $0 $0
JOHN DELSORDI LABOR TRUSTEE 1.00
Director
$0 $0 $0
BRUCE GARGANIO LABOR TRUSTEE/VICE CO-CHAIR 1.00
Director
$0 $0 $0
THOMAS IVESON LABOR TRUSTEE 1.00
Director
$0 $0 $0
OLAF OLSEN LABOR TRUSTEE 1.00
Director
$0 $0 $0
JAMIE V SERRITELLA LABOR TRUSTEE 1.00
Director
$0 $0 $0
ROBERT TARBY LABOR TRUSTEE 1.00
Director
$0 $0 $0
PETER TONIA EXECUTIVE FUNDS DIRECTOR 40.00
Officer
$0 $0 $0
NICK DEMATTEO APPRENTICE TRAINING FUND D 40.00
Officer
$232,877 $117,722 $350,599
THOMAS SOMMERS TRAINING DIRECTOR 40.00
Highest
$168,354 $89,693 $258,047
KEVIN LEARY TRAINING DIRECTOR 40.00
Highest
$158,619 $84,278 $242,897
TIMOTHY WARING INSTRUCTOR 40.00
Highest
$148,552 $87,606 $236,158
PHILIP DIAZ TRAINING COORDINATOR 40.00
Highest
$148,360 $80,141 $228,501
ROBERT SMITH INSTRUCTOR 40.00
Highest
$208,250 $74,327 $282,577
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2022 $11,149,070 $11,504,831 No data $-355,761
2021 $10,381,249 $10,632,114 $19,860,788 $-250,865
2020 $10,262,183 $10,674,475 $20,447,623 $-412,292
2019 $10,545,247 $11,550,020 $20,765,507 $-1,004,773
2018 $18,923,976 $14,974,733 $21,772,018 $3,949,243
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