Forest Workforce Training Institute FY2023 filing

Tax-deductible

Montgomery, AL501(c)(3)EnvironmentEIN 83-1533428Revenue $2.2M in FY2023

On file with the IRSforestryworks.com555 Alabama St, 36104-4309 · Montgomery, ALTax-exempt since Sep 2019Publicly supported charity — 170(b)(1)(A)(vi)

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To create a pipeline of qualified workers to the Forest industry

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $946K a year · 50% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
20 mo
of spending, in cash
Looks good: 20.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$59K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.2M
-28% vs prior year
Spent
$968K
To programs
93%
Net assets
$3.7M
By yearFY2020–FY2024
Revenue
$2.2M
FY2023▼ -28%
Tap a bar for its year
Revenue by fiscal year
FY2020$971K
FY2021$816K
FY2022$3.0M
FY2023$2.2M
FY2024$2.4M
Expenses
$968K
FY2023▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$671K
FY2021$745K
FY2022$997K
FY2023$968K
FY2024$1.4M
Net assets
$3.7M
FY2023▲ +50%
Tap a bar for its year
Net assets by fiscal year
FY2020$335K
FY2021$406K
FY2022$2.5M
FY2023$3.7M
FY2024$4.8M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2019.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $896K Management & general 7% · $71K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
President and CEO
$0Pt VII · Sec A
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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Trains people for jobs in the forest industry.

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Provided by the organization

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3 programs · $240K · in their own filed words · FY2023
01

As our first custom training program, our four-week logging equipment operator school provides training opportunities to develop the skills and knowledge of interested individuals aged 18+ to prepare them for a career in logging.

$133Kprogram expense
02

The landscape scale restoration program is a forest service state and private forestry competitive grant program that promotes collaborative, science-based restoration of priority forest landscapes and furthers priorities identified in state forest action plans or equivalent restoration strategy.

$65Kprogram expense
03

Fwti's forest workforce scholarship program is specifically targeted at students and other potential employees who want to work in the forest industry but require additional education or training to begin that career path.

$41Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$25K
Grants paid · 5 grants · $87K · 2020–2024
Unitemized GrantFY2024$9,476
Unitemized GrantFY2023$41,101
Unitemized GrantFY2022$11,385
Unitemized GrantFY2021$14,924
Unitemized GrantFY2020$10,473

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$2.2M
Ln 12
Fees for servicesLn 2g$1.3M
Gifts and grantsLn 1h$740K
Investment incomeLn 3$101K
Money outPt IX
$968K
Ln 25
Programscol B$896K
Managementcol C$71K
Owns and owesPt X
$3.7M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$3.7M
LiabilitiesLn 26$59K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$740K
Government grantsLn 1e$218K
Fees for servicesLn 2g$1.3M
Investment incomeLn 3$101K
Other incomeLn 4–11$8K
Total revenueLn 12$2.2M
Assets in detailPt X, end of year
CashLn 1$1.6M
Cash and savings togetherLn 1–2$1.6M
InvestmentsLn 11–13$2.0M
Other assetsLn 15$6K
Total assetsLn 16$3.7M
LiabilitiesLn 26$59K
Net assetsLn 32$3.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$397K$1.6M
InvestmentsLn 11–13$1.9M$2.0M
Total assetsLn 16$2.7M$3.7M
LiabilitiesLn 26$274K$59K
Net assetsLn 32$2.5M$3.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$41K$41K
Other salaries and wagesLn 7$238K$211K$26K
Management feesLn 11a$30K$27K$3K
Legal feesLn 11b$8K$7K$912
Accounting feesLn 11c$20K$17K$2K
Advertising and promotionLn 12$279K$248K$31K
Office expensesLn 13$36K$34K$2K
Information technologyLn 14$4K$4K$435
TravelLn 17$39K$35K$4K
Conferences, conventions and meetingsLn 19$16K$14K$2K
Other expenses (24a–d)Ln 24$229K$229K
All other expensesLn 24e$29K$29K
Total functional expensesLn 25$968K$896K$71K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.4M$1.4M$1.1M$4.8M 990 PDF
FY2023 Viewing $2.2M$968K$1.2M$3.7M 990 PDF
FY2022 $3.0M$997K$2.1M$2.5M 990 PDF
FY2021 $816K$745K$71K$406K 990 PDF
FY2020 $971K$671K$300K$335K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $2,194,725 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,734,622$740,275
I-9 Program service revenuePrior year $289,000$1,345,311
I-10 Investment incomePrior year $19,437$100,980
I-11 Other revenuePrior year $5,680$8,159
I-12 Total revenuePrior year $3,048,739$2,194,725
I-13 Grants and similar amounts paidPrior year $11,385$41,101
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $357,385$237,527
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $627,804$689,072
I-18 Total expensesPrior year $996,574$967,700
I-19 Revenue less expensesPrior year $2,052,165$1,227,025
Part VI · Governance 6 of 6 board members independent, 2 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $2,194,725 across 9 lines filed
VIII-1b Membership dues$40,060
VIII-1e Government grants$218,459
VIII-1f All other contributions, gifts and grants$481,756
VIII-1h Total contributions, gifts and grants$740,275
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,345,311$1,345,311
VIII-3 Investment incomeExcluded from tax $100,980$100,980
VIII-5 RoyaltiesRelated to mission $6,459$6,459
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,700$1,700
VIII-12 Total revenueRelated to mission $1,353,470 · Unrelated business $0 · Excluded from tax $100,980$2,194,725
Part IX · Statement of functional expenses $967,700 across 12 lines filed
IX-2 Grants to domestic individualsPrograms $41,101$41,101
IX-7 Other salaries and wagesPrograms $211,399 · Management $26,128$237,527
IX-11a Management feesPrograms $26,700 · Management $3,300$30,000
IX-11b Legal feesPrograms $7,376 · Management $912$8,288
IX-11c Accounting feesPrograms $17,355 · Management $2,145$19,500
IX-12 Advertising and promotionPrograms $247,977 · Management $30,649$278,626
IX-13 Office expensesPrograms $33,968 · Management $1,844$35,812
IX-14 Information technologyPrograms $3,518 · Management $435$3,953
IX-17 TravelPrograms $34,915 · Management $4,315$39,230
IX-19 Conferences, conventions and meetingsPrograms $13,834 · Management $1,710$15,544
IX-24 Other expenses (24a–d)Programs $228,650$228,650
IX-24e All other expensesPrograms $29,469$29,469
IX-25 Total functional expensesPrograms $896,262 · Management $71,438 · Fundraising $0$967,700
Part X · Balance sheet $3,744,465 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $396,550$1,645,824
X-4 Accounts receivableStart of year $416,557$67,605
X-9 Prepaid expenses and deferred charges$4,581
X-13 Program-related investmentsStart of year $1,919,411$2,020,043
X-15 Other assetsStart of year $0$6,412
X-16 Total assetsStart of year $2,732,518$3,744,465
X-17 Accounts payable and accrued expensesStart of year $274,083$30,077
X-19 Deferred revenue$28,928
X-26 Total liabilitiesStart of year $274,083$59,005
X-27 Net assets without donor restrictionsStart of year $2,338,563$3,413,661
X-28 Net assets with donor restrictionsStart of year $119,872$271,799
X-32 Total net assets or fund balancesStart of year $2,458,435$3,685,460
X-33 Total liabilities and net assetsStart of year $2,732,518$3,744,465
Part XI · Reconciliation of net assets $3,685,460 net assets at year end
XI-1 Total revenue$2,194,725
XI-2 Total expenses$967,700
XI-3 Revenue less expenses$1,227,025
XI-4 Net assets at start of year$2,458,435
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,685,460

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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