Civic Intelligence

Foundation for Trades Inc

EIN 82-4053335 • 501(c)3 • Somerdale, NJ

Profile

Foundation for trades, inc.'s mission is to increase opportunities for individuals to become self-sufficient by learning building trades. Our goal is to encourage underemployed persons seeking strong work skill sets in general construction, carpentry, plumbing, electrical and other technical trades that are in high demand.

719 Wyngate RdSomerdale, NJ 08083

www.foundationfortrades.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

39th percentile

-3.3%

Higher net margin than 39% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

50th percentile

-1.6%

Faster asset growth than 50% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

29th percentile

-23%

Faster revenue growth than 29% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets59th percentile

Assets

Down

$6,770

Down $108 (-1.6%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Down

$6,770

Down $108 (-1.6%) from 2022

Operations
Liabilities / Revenue61st percentileNet Margin39th percentile

Revenue

Down

$3,286

Down $1,005 (-23%) from 2022

Expenses

Up

$3,394

Up $1,974 (+139%) from 2022

Net Income

Down

-$108

Down $2,979 (-104%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth50th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10K$5.0K$0Assets 2018: $3,069Liabilities 2018: $0Net Assets 2018: $3,0692018Assets 2019: $5,277Liabilities 2019: $3,192Net Assets 2019: $2,0852019Assets 2020: $8,004Liabilities 2020: $4,502Net Assets 2020: $3,5022020Assets 2021: $8,930Liabilities 2021: $4,923Net Assets 2021: $4,0072021Assets 2022: $6,878Liabilities 2022: $0Net Assets 2022: $6,8782022Assets 2023: $6,770Liabilities 2023: $0Net Assets 2023: $6,7702023

Highlighted filing

2023

Assets$6,770
Liabilities$0
Net Assets$6,770
Open 2023 Filing

Operations Trend

Revenue Growth29th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10K$5.0K$0-$5.0KRevenue 2018: $8,389Expenses 2018: $5,320Net Income 2018: $3,0692018Revenue 2019: $3,546Expenses 2019: $4,530Net Income 2019: -$9842019Revenue 2020: $4,619Expenses 2020: $3,202Net Income 2020: $1,4172020Revenue 2021: $3,456Expenses 2021: $2,951Net Income 2021: $5052021Revenue 2022: $4,291Expenses 2022: $1,420Net Income 2022: $2,8712022Revenue 2023: $3,286Expenses 2023: $3,394Net Income 2023: -$1082023

Highlighted filing

2023

Revenue$3,286
Expenses$3,394
Net Income-$108
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,770
Liabilities
$0
Net assets
$6,770
Revenue
$3,286
Expenses
$3,394
Net income
-$108
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$6,770$0$6,770$3,286$3,394$108
2022Detailed filing. Detailed filing data is available for this year.$6,878$0$6,878$4,291$1,420$2,871
2021Detailed filing. Detailed filing data is available for this year.$8,930$4,923$4,007$3,456$2,951$505
2020Detailed filing. Detailed filing data is available for this year.$8,004$4,502$3,502$4,619$3,202$1,417
2019Detailed filing. Detailed filing data is available for this year.$5,277$3,192$2,085$3,546$4,530$984
2018Detailed filing. Detailed filing data is available for this year.$3,069$0$3,069$8,389$5,320$3,069
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 4, 2024
Return Version
2023v5.0
Gross Receipts
$3,286
Mission and Program Overview

Mission

Foundation for trades, inc.'s mission is to increase opportunities for individuals to become self-sufficient by learning building trades. Our goal is to encourage underemployed persons seeking strong work skill sets in general construction, carpentry, plumbing, electrical and other technical trades that are in high demand.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$6,878$6,770▼ $108
Total Assets$6,878$6,770▼ $108
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,878$6,770▼ $108
Total Net Assets Fund Balance$6,878$6,770▼ $108
Total Liabilities and Net Assets / Fund Balance$6,878$6,770▼ $108
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Joseph J MassanovaPresident/di
Rebecca MichielliDirector of Bookk
Kathryn LennoxDirector of Educa
Caroline HaubrichDirector Tech/job
Michael MossSecretary/di
John HigginsTreasurer/di
Revenue and Support

Revenue Composition

Contributions and Grants
$3,286
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$3,286
Change in Net Assets
$-108
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,394
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Information Technology$2,464--$2,464
Other Expenses$20$880-$20
Total Functional Expenses$2,514$880$0$3,394
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“President reviews 990 prior to issuance.”

Form 990, Page 6, Part VI, Line 12C

“Annually each director must submit to the secretary a signed written statement identifying, to the best of the director's knowledge, any (1) entity of which the director is an officer, director, trustee, member, owner or employee with which the organization has a relationship and (2) any transaction in which the organization is a participant and in which the director might have a conflicting interest.”

Form 990, Page 6, Part VI, Line 19

“Public documents available upon request.”

Filing and Contact Details

Filer

Filer Name
Foundation for Trades Inc
EIN
82-4053335
Phone
6092208528
Address
719 WYNGATE RD, SOMERDALE, NJ 08083

Signing Officer

Name
Joseph J Massanova
Title
President/director
Phone
6092208528
Signed
2024-11-04

Organization Details

Principal Officer
Joseph J Massanova
Formed
2018
Legal Domicile
Nj
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
6

Preparer

Firm
Scelsi & Associates LLC
Address
76 E EUCLID AVENUE, HADDONFIELD, NJ 08033
Preparer
Lisa Scelsi CPA
Phone
8567950099
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Foundation for trades, inc.'s mission is to increase opportunities for individuals to become self-sufficient by learning building trades. Our goal is to encourage underemployed persons seeking strong work skill sets in general construction, carpentry, plumbing, electrical and other technical trades that are in high demand.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PRESIDENT REVIEWS 990 PRIOR TO ISSUANCE.
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt076 E EUCLID AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HADDONFIELD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008033
ReturnHeader/PreparerPersonGrp/PhoneNum08567950099
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LISA SCELSI CPA
ReturnHeader/ReturnTs02024-11-07T14:00:25-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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