Nonprofit · EIN 41-1296033
FINISHING TRADES INSTITUTE OF THE UPPER MIDWEST TRUST FUND
Tax-exempt · LITTLE CANADA, MN 55117
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $4,012,610 | $3,793,605 | $219,005 | $3,248,071 | $245,031 | $3,003,040 |
| June 30, 2024 | 990 | $3,756,417 | $3,830,842 | -$74,425 | $3,044,740 | $260,705 | $2,784,035 |
| June 30, 2023 | 990 | $3,126,245 | $3,441,699 | -$315,454 | $3,279,322 | $420,862 | $2,858,460 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,185,930
- of which government grants
- $851,880
- Program service revenue
- $2,748,600
- Investment income
- $77,746
- Other revenue
- $334
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $1,420,869
- Salaries, compensation and benefits (total)
- $2,294,738
- Professional fundraising fees
- $0
- Legal fees
- $26,675
- Accounting fees
- $31,000
- Occupancy
- $142,869
- Travel
- $87,067
- Depreciation
- $107,396
- Program services (functional)
- $2,022,017
- Management and general (functional)
- $1,771,588
Balance sheet and other
- Total assets, start of year
- $3,044,740
- Total assets, end of year
- $3,248,071
- Total liabilities, end of year
- $245,031
- Net assets, end of year
- $3,003,040
- Land, buildings and equipment
- $355,242
- Gross receipts
- $4,012,610
- Employees
- 29
- Volunteers
- 0
- Year formed
- 1977
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TOM AASHEIM | DIRECTOR OF TECH EDUCATION Highest-paid employee | 50 | $128,412 | $63,238 |
| JOHN BURCAW | CHIEF ADMIN OFFICER Highest-paid employee | 50 | $125,315 | $63,238 |
| BRIAN HAGBERG | COORDINATOR Highest-paid employee | 40 | $107,734 | $50,643 |
| ANTHONY OSBORN | INSTRUCTOR Highest-paid employee | 40 | $102,280 | $50,172 |
| JORDAN BREMSETH | RECRUITER Highest-paid employee | 40 | $100,447 | $50,643 |
| JEFF STARK | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| CRAIG PECK | TRUSTEE - PAST Trustee or director | 1 | $0 | $0 |
| JORDAN FRY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SCOTT PARKER | ALTERNATE TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| TERESA ELLIS | ALTERNATE TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| JON PIETZ | ALTERNATE TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| MARTHA HENRICKSON | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| JAMES BRINGLE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOEL SWANSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN NESSE | ALTERNATE TRUSTEE Trustee or director | 0.5 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHAD FENNELL | ALTERNATE TRUSTEE Trustee or director | 0.5 | $0 |
| SHANE BOSKOVICH | ALTERNATE TRUSTEE Trustee or director | 0.5 | $0 |
| PHIL CARTER | ALTERNATE TRUSTEE Trustee or director | 0.5 | $0 |
| BILL BOUDREAU | ALTERNATE TRUSTEE Trustee or director | 0.5 | $0 |
| TADD TRATAR | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TOM AASHEIM | DIRECTOR OF TECH EDUCATION Highest-paid employee | 50 | $125,859 | $61,653 |
| JOHN BURCAW | CHIEF ADMIN OFFICER Highest-paid employee | 50 | $120,670 | $61,653 |
| BRIAN HAGBERG | COORDINATOR Highest-paid employee | 40 | $104,171 | $51,075 |
| ANTHONY OSBORN | INSTRUCTOR Highest-paid employee | 40 | $100,488 | $50,487 |
| JEFF STARK | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| CRAIG PECK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JORDAN FRY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SCOTT PARKER | ALTERNATE TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| TERESA ELLIS | ALTERNATE TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| JON PIETZ | ALTERNATE TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| MARTHA HENRICKSON | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| JAMES BRINGLE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOEL SWANSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN NESSE | ALTERNATE TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| MATT HOROVITZ | ALTERNATE TRUSTEE - PAST Trustee or director | 0.5 | $0 | $0 |
| CHAD FENNELL | ALTERNATE TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| SHANE BOSKOVICH | ALTERNATE TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| PHIL CARTER | ALTERNATE TRUSTEE Trustee or director | 0.5 | $0 | $0 |
990 for the year ended June 30, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TOM AASHEIM | DIRECTOR OF TECH EDUCATION Highest-paid employee | 50 | $115,174 | $61,995 |
| JOHN BURCAW | CHIEF ADMIN OFFICER Highest-paid employee | 50 | $112,643 | $62,020 |
| BRIAN HAGBERG | COORDINATOR Highest-paid employee | 40 | $100,721 | $48,176 |
| JEFF STARK | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| CRAIG PECK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JORDAN FRY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SCOTT PARKER | ALTERNATE TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| TERESA ELLIS | ALTERNATE TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| JON PIETZ | ALTERNATE TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| BRADY NELSON | ALTERNATE TRUSTEE - PAST Trustee or director | 0.5 | $0 | $0 |
| GREG RENNE | ALTERNATE TRUSTEE - PAST Trustee or director | 0.5 | $0 | $0 |
| MARTHA HENRICKSON | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| JAMES BRINGLE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOEL SWANSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN NESSE | ALTERNATE TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| MATT HOROVITZ | ALTERNATE TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| SHANE BOSKOVICH | ALTERNATE TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| PHIL CARTER | ALTERNATE TRUSTEE Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3205 COUNTRY DR STE 150, LITTLE CANADA, MN 55117-1192
- In care of
- % TERRY L NELSON
- Principal officer (990 for 2024)
- JEFF STARK, 3205 COUNTRY DRIVE 150, LITTLE CANADA, MN 55117
- Signed the 990
- JEFF STARK, CHAIRMAN
- Phone
- (651) 379-9600
- Website
- WWW.FTIUM.EDU
- Return prepared by
- LEGACY PROFESSIONALS LLP
Mission
APPRENTICESHIP AND TRAINING PROGRAM.
Program accomplishments
- ESTABLISH AND CARRY ON APPRENTICESHIP AND JOURNEYMAN TRAINING PROGRAMS FOR PERSONS IN THE BUSINESS OF PAINTING, DECORATING, DRYWALL FINISHING, GLAZING AND GLASSWORKING, AND IN SUCH OTHER BUSINESSES AS THE TRUSTEES SHALL DETERMINE.Expenses $2,022,017 · revenue $2,748,600
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 41-1296033
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B30)
- Assets (IRS master file)
- $3,248,071
- Income (IRS master file)
- $4,012,610
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $4,012,610 | $3,793,605 | $3,248,071 | IRS |
| 990 | June 2024 | $3,756,417 | $3,830,842 | $3,044,740 | IRS |
| 990 | June 2023 | $3,126,245 | $3,441,699 | $3,279,322 | XML |
| 990 | June 2022 | $2,697,111 | $2,847,835 | $3,359,502 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-1296033).
Questions about FINISHING TRADES INSTITUTE OF THE UPPER MIDWEST TRUST FUND
- What is the EIN of FINISHING TRADES INSTITUTE OF THE UPPER MIDWEST TRUST FUND?
- The employer identification number (EIN) of FINISHING TRADES INSTITUTE OF THE UPPER MIDWEST TRUST FUND is 41-1296033.
- Is FINISHING TRADES INSTITUTE OF THE UPPER MIDWEST TRUST FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to FINISHING TRADES INSTITUTE OF THE UPPER MIDWEST TRUST FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FINISHING TRADES INSTITUTE OF THE UPPER MIDWEST TRUST FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FINISHING TRADES INSTITUTE OF THE UPPER MIDWEST TRUST FUND due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FINISHING TRADES INSTITUTE OF THE UPPER MIDWEST TRUST FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FINISHING TRADES INSTITUTE OF THE UPPER MIDWEST TRUST FUND?
- The 990 for the year ended June 30, 2025 names JEFF STARK.
- Who are the officers and directors of FINISHING TRADES INSTITUTE OF THE UPPER MIDWEST TRUST FUND?
- The 990 for the year ended June 30, 2025 lists 20 people; 5 received compensation from the organization, the highest $128,412 (TOM AASHEIM, DIRECTOR OF TECH EDUCATION).
- How much revenue does FINISHING TRADES INSTITUTE OF THE UPPER MIDWEST TRUST FUND have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $4,012,610, expenses of $3,793,605 and total assets of $3,248,071 at year end.
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