Construction Industry Training Trust FY2023 filing

Tax-deductible

Portland, OR501(c)(3)Since 1986EmploymentEIN 93-0951954

The trust lays out the funding of building and construction industry training programs. The trust is used for the purpose of defraying costs of training or retraining trainees and journeymen in the construction industry.

501(c)(3) charity; gifts are tax-deductible.
68¢ 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $547K a year · 20% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 10.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$18K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.9M
+13% vs prior year
Spent
$2.3M
To programs
68%
Net assets
$5.8M
By yearFY2020–FY2025
Revenue
$2.9M
FY2023▲ +13%
Revenue by fiscal year
FY2020$2.2M
FY2021$2.5M
FY2022$2.6M
FY2023$2.9M
FY2024$3.2M
FY2025$3.3M
Expenses
$2.3M
FY2023▲ +7%
Expenses by fiscal year
FY2020$1.9M
FY2021$2.0M
FY2022$2.1M
FY2023$2.3M
FY2024$2.4M
FY2025$2.6M
Net assets
$5.8M
FY2023▲ +23%
Net assets by fiscal year
FY2020$4.3M
FY2021$5.0M
FY2022$4.7M
FY2023$5.8M
FY2024$6.8M
FY2025$7.8M

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

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in 0000.

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

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $1.5M Management & general 32% · $744K

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

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Construction Industry Training Trust executive salaries →

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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

Funds construction industry training programs for workers and apprentices.

Provided by the organization

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1 program service account for $1.5M of program spending, described in the organization's own filed words · FY2023.
01

Provide apprenticeship programs for carpenters, laborers, masons, sign hangers, roofers, and operating engineers.

$1.5Mprogram expense

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Funders

Who pays for it.

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

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$2.9M
Ln 12
Fees for servicesLn 2g$2.8M
Investment incomeLn 3$85K
Money outPt IX
$2.3M
Ln 25
Programscol B$1.5M
Managementcol C$744K
Owns and owesPt X
$5.8M
net assets · Ln 32
Cash and savingsLn 1–2$1.9M
Total assetsLn 16$5.9M
LiabilitiesLn 26$18K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.8M
Investment incomeLn 3$85K
Gains on assetsLn 7−$17K
Total revenueLn 12$2.9M
Assets in detailPt X, end of year
CashLn 1$1.9M
SavingsLn 2$48K
Cash and savings togetherLn 1–2$1.9M
InvestmentsLn 11–13$3.6M
Total assetsLn 16$5.9M
LiabilitiesLn 26$18K
Net assetsLn 32$5.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
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$1.5M$1.9M
InvestmentsLn 11–13$3.0M$3.6M
Total assetsLn 16$4.8M$5.9M
LiabilitiesLn 26$90K$18K
Net assetsLn 32$4.7M$5.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$686K$686K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$36K$36K
Advertising and promotionLn 12$3K$3K
Other expenses (24a–d)Ln 24$1.6M$1.5M$20K
Total functional expensesLn 25$2.3M$1.5M$744K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $3.3M$2.6M$765K$7.8M 990 PDF
FY2024 $3.2M$2.4M$710K$6.8M 990 PDF
FY2023 Viewing $2.9M$2.3M$625K$5.8M 990 PDF
FY2022 $2.6M$2.1M$444K$4.7M 990 PDF
FY2021 $2.5M$2.0M$423K$5.0M 990 PDF
FY2020 $2.2M$1.9M$314K$4.3M 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 (4 parts)
Part VIII · Statement of revenue $2,916,419 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,831,728$2,831,728
VIII-3 Investment incomeExcluded from tax $101,527$101,527
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$16,836−$16,836
VIII-12 Total revenueRelated to mission $2,831,728 · Unrelated business $0 · Excluded from tax $84,691$2,916,419
Part IX · Statement of functional expenses $2,291,809 across 5 lines filed
IX-11a Management feesManagement $686,228$686,228
IX-11b Legal feesManagement $1,369$1,369
IX-11c Accounting feesManagement $36,149$36,149
IX-12 Advertising and promotionPrograms $2,670$2,670
IX-24 Other expenses (24a–d)Programs $1,545,405 · Management $19,988$1,565,393
IX-25 Total functional expensesPrograms $1,548,075 · Management $743,734 · Fundraising $0$2,291,809
Part X · Balance sheet $5,854,095 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $1,465,835$1,890,487
X-2 Savings and temporary cash investmentsStart of year $34,878$48,406
X-4 Accounts receivableStart of year $320,547$363,606
X-11 Publicly traded securitiesStart of year $2,864,647$3,392,491
X-12 Other securitiesStart of year $147,680$159,105
X-16 Total assetsStart of year $4,833,587$5,854,095
X-17 Accounts payable and accrued expensesStart of year $85,786$6,635
X-19 Deferred revenueStart of year $4,500$11,400
X-26 Total liabilitiesStart of year $90,286$18,035
X-27 Net assets without donor restrictionsStart of year $4,743,301$5,836,060
X-32 Total net assets or fund balancesStart of year $4,743,301$5,836,060
X-33 Total liabilities and net assetsStart of year $4,833,587$5,854,095
Part XI · Reconciliation of net assets $5,836,060 net assets at year end
XI-1 Total revenue$2,916,419
XI-2 Total expenses$2,291,809
XI-3 Revenue less expenses$624,610
XI-4 Net assets at start of year$4,743,301
XI-5 Net unrealized gains (losses) on investments$456,724
XI-9 Other changes in net assets$11,425
XI-10 Net assets at end of year$5,836,060

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

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