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Finishing Trades Institute Of Dc 14 Chicago

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Vocational, Technical Schools (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.

Summary charts: organization finances over time

Revenue
$7.41M (2023)

Expenses
$6.37M (2023)

Total Assets
$21.8M (2023)

Total Liabilities
$1.03M (2023)

Years with missing data
Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,405,757
Expenses
$6,370,234
Net Income
$1,035,523
Net Assets
$20,725,328
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,223,629
84.0%
Investment Income $627,799
8.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $554,329
7.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,068,680
16.8%
Assets/Debt
Total Assets $21,750,562
Total Liabilities $1,025,234
Net Assets $20,725,328
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Daniel Penski (Director Of Apprenticeship) $159,358 $0 $90,027
Robert Zappa (Instructor) $150,502 $0 $99,028
Veronica Leal (Instructor) $149,960 $0 $97,601
Matthew Shepard (Instructor) $146,001 $0 $96,697
Stephen M Thompson (Instructor) $142,189 $0 $94,799
Joseph Hernandez (Instructor) $132,010 $0 $94,909
Miles Beatty (Management Trustee) $0 $0 $0
Mark Zamiar (Management Trustee) $0 $0 $0
Steve Brill (Management Trustee) $0 $0 $0
Nate Brown (Management Trustee) $0 $0 $0
Michael Dixon (Union Trustee) $0 $0 $0
Victor Hernandez (Union Trustee) $0 $0 $0
Ruben Valdivia (Union Trustee) $0 $0 $0
James Teruel (Union Trustee) $0 $0 $0
Joe Rinehart (Union Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,486,254
Expenses
$5,907,210
Net Income
$579,044
Net Assets
$18,974,046
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,022,176
92.8%
Investment Income $464,078
7.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,066,535
18.1%
Assets/Debt
Total Assets $20,378,907
Total Liabilities $1,404,861
Net Assets $18,974,046
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Veronica Leal (Instructor) $147,908 $0 $95,398
Robert Zappa (Instructor) $143,929 $0 $94,097
Daniel Penski (Apprentice Coordinator) $142,976 $0 $84,477
Matthew Shepard (Instructor) $140,897 $0 $91,674
Stephen M Thompson (Instructor) $120,530 $0 $62,154
Jeffrey Hester (Former Trustee) $0 $0 $0
Miles Beatty (Trustee) $0 $0 $0
Michael Dixon (Trustee) $0 $0 $0
Victor Hernandez (Trustee) $0 $0 $0
Mark Zamiar (Trustee) $0 $0 $0
Ruben Valdivia (Trustee) $0 $0 $0
James Teruel (Trustee) $0 $0 $0
Steve Brill (Trustee) $0 $0 $0
Nate Brown (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,295,488
Expenses
$4,867,196
Net Income
$1,428,292
Net Assets
$20,985,197
Notable Sources of Revenue Percent of Total Revenue
Contributions $10,000
0.2%
Program Services $5,862,929
93.1%
Investment Income $348,242
5.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $67,247
1.1%
Net Inventory Sales $0
Other Revenue $7,070
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $933,898
19.2%
Assets/Debt
Total Assets $22,598,762
Total Liabilities $1,613,565
Net Assets $20,985,197
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Daniel Penski (Apprentice Coordinator) $141,982 $0 $82,699
Matthew Shepard (Instructor) $139,152 $0 $91,488
Robert Zappa (Instructor) $136,148 $0 $90,200
Joseph Tyrakowski (Instructor) $134,888 $0 $88,921
Veronica Leal (Instructor) $130,943 $0 $85,875
Jeffrey Hester (Trustee) $0 $0 $0
Miles Beatty (Trustee) $0 $0 $0
Michael Dixon (Trustee) $0 $0 $0
Victor Hernandez (Trustee) $0 $0 $0
Mark Zamiar (Trustee) $0 $0 $0
Steve Brill (Trustee) $0 $0 $0
Ruben Valdivia (Trustee) $0 $0 $0
James Teruel (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,912,221
Expenses
$4,414,093
Net Income
$1,498,128
Net Assets
$18,424,778
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,606,851
94.8%
Investment Income $318,072
5.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$12,702
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $981,501
22.2%
Assets/Debt
Total Assets $19,109,929
Total Liabilities $685,151
Net Assets $18,424,778
Compensation
Key Employees and Officers Compensation Related Other
Ronald Barber (Instructor) $141,283 $0 $91,174
Daniel Penski (Apprentice Coordinator) $139,752 $0 $81,189
Veronica Leal (Instructor) $129,559 $0 $84,595
Matthew Shepard (Instructor) $129,401 $0 $85,270
Robert Zappa (Instructor) $126,054 $0 $83,582
Jeffrey Hester (Trustee) $0 $0 $0
Miles Beatty (Trustee) $0 $0 $0
Todd Overdorf (Former Trustee) $0 $0 $0
Michael Dixon (Trustee) $0 $0 $0
Victor Hernandez (Trustee) $0 $0 $0
Mark Zamiar (Trustee) $0 $0 $0
Steve Brill (Trustee) $0 $0 $0
Ruben Valdivia (Trustee) $0 $0 $0
James Teruel (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,705,256
Expenses
$5,655,135
Net Income
$50,121
Net Assets
$9,891,815
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,317,962
93.2%
Investment Income $243,528
4.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $143,766
2.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $829,346
14.7%
Assets/Debt
Total Assets $10,555,128
Total Liabilities $663,313
Net Assets $9,891,815

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,679,118
Expenses
$3,018,225
Net Income
$1,660,893
Net Assets
$8,414,825
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,545,962
97.2%
Investment Income $133,156
2.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,762
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $650,606
21.6%
Assets/Debt
Total Assets $8,906,574
Total Liabilities $491,749
Net Assets $8,414,825

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,029,277
Expenses
$2,583,389
Net Income
$445,888
Net Assets
$6,419,939
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,917,110
96.3%
Investment Income $112,167
3.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $625,973
24.2%
Assets/Debt
Total Assets $6,732,667
Total Liabilities $312,728
Net Assets $6,419,939

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,128,839
Expenses
$2,140,057
Net Income
-$11,218
Net Assets
$5,855,469
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,014,176
94.6%
Investment Income $114,663
5.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $619,830
29.0%
Assets/Debt
Total Assets $6,115,146
Total Liabilities $259,677
Net Assets $5,855,469

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,055,158
Expenses
$1,798,987
Net Income
$256,171
Net Assets
$5,954,977
Notable Sources of Revenue Percent of Total Revenue
Contributions $107,017
5.2%
Program Services $1,831,070
89.1%
Investment Income $117,071
5.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $501,830
27.9%
Assets/Debt
Total Assets $6,330,828
Total Liabilities $375,851
Net Assets $5,954,977

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,251,648
Expenses
$1,781,282
Net Income
$470,366
Net Assets
$5,542,631
Notable Sources of Revenue Percent of Total Revenue
Contributions $142,947
6.3%
Program Services $2,035,624
90.4%
Investment Income $73,077
3.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $487,307
27.4%
Assets/Debt
Total Assets $5,772,199
Total Liabilities $229,568
Net Assets $5,542,631

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,107,442
Expenses
$1,776,744
Net Income
$330,698
Net Assets
$4,957,760
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,954,892
92.8%
Investment Income $152,550
7.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $463,295
26.1%
Assets/Debt
Total Assets $5,207,672
Total Liabilities $249,912
Net Assets $4,957,760

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,886,468
Expenses
$1,808,027
Net Income
$78,441
Net Assets
$4,449,752
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,766,486
93.6%
Investment Income $119,982
6.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $521,423
28.8%
Assets/Debt
Total Assets $4,700,747
Total Liabilities $250,995
Net Assets $4,449,752

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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