Fairbanks Pipeline Training Center Trust

Nonprofit profile at a glance

EIN
263528160
IRS 990 coverage
2012–2024
Forms available
Form 990 2024
Location
Fairbanks, AK, USA
Phone
9074551234
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Job Training

Reported finances

Revenue
$4,215,286
Expenses
$2,975,026
Assets
$26,746,672
Liabilities
$115,567

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • AMY SCHUMACHER (EXECUTIVE DIRECTOR)

Highest reported compensation

  • AMY SCHUMACHER (EXECUTIVE DIRECTOR): $107,212 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Trust will prepare a skilled Alaska workforce through the development and delivery of comprehensive and integrated career and technical education programs, including providing opportunities for Alaskans to enter federally registered apprenticeship programs in the building, highway and pipeline industry.Program activities will be conducted in cooperation with U.S. Department of Labor federally certified training and apprenticeship programs, Alaska Department of Labor and Workforce Development, Alaska Workforce Investment Board, construction and oil and gas industry pipeline employers, labor unions, native and tribal organizations, and educational institutions.

What it reported doing in 2024

Fairbanks pipeline training center trust provides training and career exploration opportunities for Alaska's adults and high school students in urban and rural communities to enter into federally registered apprenticeship programs. The training center also provides training opportunities for alaskans to enter into federally registered construction apprenticeship programs for careers in the oil and gas, and construction industries. The center offers training programs structured to meet market demands in all sectors of Alaska's oil and gas industry, including the construction, operation and maintenance of mainline pipelines, gathering lines, pump stations, flow stations, gathering stations, and compressor stations; and the construction and operation of oil and gas facilities.

Operating model

Revenue model
Grant-funded. 64% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 92
  • Accountability: 100
  • Sustainability: 84
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 66.6%; rating input score 67
  • Program expense ratio: 80.3%; rating input score 80
  • Fundraising efficiency: $46.1 raised per $1 spent on fundraising; rating input score 77; 77th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 29.4%; rating input score 84; 84th percentile among comparable filings
  • Total-asset coverage ratio: 8.99; rating input score 90; 90th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 89; 89th percentile among comparable filings
  • Officer compensation ratio: 3.6%; rating input score 64; 64th percentile among comparable filings

Growth

  • Program expense growth: 1.2% per year; rating input score 100; 18th percentile among comparable filings
  • Revenue growth: -2.7% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: 1.2% per year; rating input score 100; 16th percentile among comparable filings

Details

  • Where the money goes: 66.6% of revenue deployed · 80.3% of spending went to programs
  • Governance: 11 of 11 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $2.4M in reported program spending
  • Leadership: top reported pay $107K · 13 people listed
  • Highest-paid contractors: 5 contractors listed · $1.8M reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 12 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Revenue growth scored 0/100.