2025-09-18T15:21:35-05:00 2024-12-31 310800053 CLARK SCHAEFER HACKETT & CO 14 EAST MAIN STREET SUITE 500 SPRINGFIELD OH 45502 990 2024-01-01 316032186 HOBART INSTITUTE OF WELDING TECHNOLOGY HOBA 8003329448 400 TRADE SQUARE EAST TROY OH 45373 AUSTIN LEFELD FINANCE MANAGER 8003329448 2025-09-18 1 0 RENEA R IRICK P01586814 9373992000 2025-08-26 2024 2025-03-06 01:10:19Z TOM FUNDERBURG 400 TRADE SQUARE EAST TROY OH 45373 11831605 0 X WWW.WELDING.ORG X 1930 OH POST SECONDARY EDUCATION AND JOB TRAINING 5 5 59 7 0 0 257052 22000 8922264 8579740 524415 438644 989696 840928 10693427 9881312 113274 55645 0 0 4857601 5012616 0 0 0 4426426 3992077 9397301 9060338 1296126 820974 26345317 28515669 1569691 1797174 24775626 26718495 X THE HOBART INSTITUTE OF WELDING TECHNOLOGY IS A NONPROFIT INSTITUTION DEDICATED TO WELDING TRAINING AND EDUCATION EXCELLENCE. HOBART INSTITUTE IS COMMITTED TO HELPING INDIVIDUALS DEVELOP MARKETABLE WELDING SKILLS THROUGH QUALITY TRAINING AT MINIMUM COST. THE INSTITUTE EDUCATES AND TRAINS INDIVIDUALS IN THE USE AND APPLICATION OF WELDING TECHNOLOGIES; DEVELOPS AND DISSEMINATES WELDING TRAINING AND EDUCATIONAL MATERIALS; AND CONDUCTS CERTIFICATION RESEARCH AND QUALIFICATIONS FOR THE WELDING INDUSTRY. HOBART INSTITUTE STRIVES TO DEVELOP NEW AND BETTER WELDING TRAINING METHODS AND TRAINING MATERIALS AND TO MAKE WELDING TRAINING AVAILABLE TO ALL. 0 0 7081217 55645 9182918 THE HOBART INSTITUTE OF WELDING TECHNOLOGY IS A NONPROFIT INSTITUTION DEDICATED TO WELDING TRAINING AND EDUCATION EXCELLENCE. HOBART INSTITUTE IS COMMITTED TO HELPING INDIVIDUALS DEVELOP MARKETABLE WELDING SKILLS THROUGH QUALITY TRAINING AT MINIMUM COST. THE INSTITUTE EDUCATES AND TRAINS INDIVIDUALS IN THE USE AND APPLICATION OF WELDING TECHNOLOGIES; DEVELOPS AND DISSEMINATES WELDING TRAINING AND EDUCATIONAL MATERIALS; AND CONDUCTS CERTIFICATION RESEARCH AND QUALIFICATIONS FOR THE WELDING INDUSTRY. HOBART INSTITUTE STRIVES TO DEVELOP NEW AND BETTER WELDING TRAINING METHODS AND TRAINING MATERIALS AND TO MAKE WELDING TRAINING AVAILABLE TO ALL. 7081217 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 25 0 1 59 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X AUSTIN LEFELD 9373329523 400 TRADE SQUARE EAST TROY OH 45373 TOM FUNDERBURG PRESIDENT 45.00 X X 148269 0 0 CHARLES CARPENTER VICE PRESIDENT 45.00 X X 123149 0 25015 TRACY BRAGG TREASURER/DIRECTOR OF FINANCE (THRU OCT) 45.00 X X 86046 0 8688 CHARLIE RIBARDO DIRECTOR 1.00 X 0 0 0 KEVIN GARMAN DIRECTOR (THRU NOV) 1.00 X 0 0 0 SAM BROWN DIRECTOR 1.00 X 0 0 0 STEVE STAUB DIRECTOR 1.00 X 0 0 0 JOE REDDING DIRECTOR (THRU NOV) 1.00 X 0 0 0 RICHARD CULTICE DIRECTOR 1.00 X 0 0 0 MICHAEL TECKLENBURG DIRECTOR (STARTING IN MAY) 1.00 X 0 0 0 CHAD SCHMELZER DIRECTOR OF CORP SERVICES 45.00 X 121635 0 4273 479099 0 37976 3 1 0 0 PRESSWORKS HOLDINGS LLC DBA POST PRINTIN PO BOX 101 MINSTER OH 45865 PRINTING SERVICES 248508 D9 TECHNOLOGIES 701 W NATIONAL RD ENGLEWOOD OH 45322 IT PRODUCTS & SERVICES 124605 2 22000 22000 TUITION AND FEES 611519 8579740 8579740 8579740 347914 347914 1894 1894 254400 0 254400 254400 254400 1514776 16650 1440696 0 74080 16650 90730 16650 74080 1077509 509597 567912 567912 OTHER INCOME 900003 16722 16722 0 16722 9881312 9182918 0 676394 55645 55645 391167 297287 93880 3534010 2672302 861708 109904 83148 26756 683002 516725 166277 294533 222829 71704 81410 81410 99866 25852 74014 177443 177443 26304 9912 16392 309047 61809 247238 342330 320570 21760 81739 78220 3519 1130218 1016630 113588 120564 109713 10851 SUPPLIES 1047758 1047758 MAINTENANCE 291418 210280 81138 MISCELLANEOUS 283980 175094 108886 9060338 7081217 1979121 0 681829 583217 2929932 2700973 271294 242922 375020 378956 174067 265295 24765270 15555216 9604690 9210054 9266146 11970412 776399 897900 2265940 2265940 26345317 28515669 317129 309255 1252562 1487919 1569691 1797174 X 24678169 26605966 97457 112529 24775626 26718495 26345317 28515669 820974 1121895 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 776399 52600 118582 49681 897900 724291 52625 108158 108675 776399 890665 51725 -144999 73100 724291 790807 48725 131042 79909 890665 752159 46460 78888 86700 790807 0.87000 0.00000 0.13000 1 0 211064 211064 17587552 10079473 7508079 6114467 4874211 1240256 852187 601532 250655 9210054 INVESTMENT IN LAND 2265940 2265940 X 11457159 1121895 -55645 1066250 10390909 -509597 -509597 9881312 9514290 509597 509597 9004693 55645 55645 9060338 PART V, LINE 4: THE INSTITUTE'S ENDOWMENT FUNDS ARE FOR THE PRIMARY USE OF GRANTING SCHOLARSHIPS TO STUDENTS. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS RULED THAT HOBART INSTITUTE OF WELDING TECHNOLOGY IS A TAX-EXEMPT EDUCATIONAL INSTITUTION UNDER 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN 501 (C)(3). THE INSTITUTE CONSIDERS THE ACCOUNTING AND RECOGNITION FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE INSTITUTE'S INCOME TAX RETURNS. THE INSTITUTE'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE INSTITUTE'S POLICY WITH REGARDS TO INTEREST AND PENALTIES IS TO RECOGNIZE INTEREST THROUGH INTEREST EXPENSE AND PENALTIES THROUGH OTHER EXPENSE. IN EVALUATING THE INSTITUTE'S TAX PROVISION AND TAX-EXEMPT STATUS, INTERPRETATIONS AND TAX PLANNING STRATEGIES WERE CONSIDERED. THE INSTITUTE BELIEVES ITS ESTIMATES ARE APPROPRIATE BASED ON THE CURRENT FACTS AND CIRCUMSTANCES. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS AND OTHER ASSISTANCE TO INDIVIDUALS -55,645. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD INCLUDED IN AUDITED EXPENSES -509,597. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD INCLUDED ON LINE 10B OF PART VIII 509,597. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND OTHER ASSISTANCE TO INDIVIDUALS 55,645. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE FOLLOWING IS INCLUDED IN ALL MATERIAL MAILED, PRESENTED, AND AVAILABLE TO PROSPECTIVE STUDENTS, "THE HOBART INSTITUTE OF WELDING TECHNOLOGY DOES NOT AND WILL NOT DISCRIMINATE ON THE BASIS OF DISABILITY, RACE, COLOR, RELIGION, SEX, NATIONAL ORIGIN, OR AGE." SCHEDULE E, PART I, LINE 6 THE INSTITUTE RECEIVES PELL GRANT AND FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT ASSISTANCE FROM THE DEPARTMENT OF EDUCATION FOR THOSE STUDENTS WHO QUALIFY. STUDENTS CAN ALSO APPLY FOR AND, IF THEY QUALIFY, RECEIVE FEDERAL STUDENT LOANS THROUGH THE WILLIAM D. FORD FEDERAL DIRECT LOAN PROGRAM. ADDITIONAL STUDENT AID, FOR THOSE STUDENTS WHO QUALIFY, MAY BE RECEIVED FROM THE VETERANS ADMINISTRATION, THE TRADE ADJUSTMENT ACT AND THE WORKFORCE INNOVATION AND OPPORTUNITY ACT. 1 SCHOLARSHIPS 12 49681 OTHER FINANCIAL ASSISTANCE 263 5964 PART I, LINE 2: THE INSTITUTE'S STUDENT FINANCIAL AID OFFICE MAINTAINS RECORDS TO SUBSTANTIATE THE AMOUNTS OF SCHOLARSHIPS AND OTHER FINANCIAL ASSISTANCE, INCLUDING ELIGIBILITY CRITERIA. THIS OFFICE ENSURES THAT FUNDS ARE PROPERLY CREDITED TO STUDENT ACCOUNTS AND MONITORS STUDENTS' CONTINUING ELIGIBILITY TO RECEIVE SCHOLARSHIPS AND OTHER FINANCIAL ASSISTANCE. X X 0 0 0 0 0 0 0 0 0 PART I, LINE 5 ADDITIONAL COMPENSATION MAY BE PAID TO EXECUTIVE LEVEL EMPLOYEES BASED ON COMPLETING SPECIFIED NON-FINANCIAL OBJECTIVES AND ON THE OVERALL OPERATING MARGIN OF THE INSTITUTE. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD REVIEWS THE FORM 990 PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS OF INTEREST ARE REVIEWED ANNUALLY AT A BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15 MANAGEMENT COMPENSATION IS DETERMINED IN ACCORDANCE WITH THE APPROVED ORGANIZATION POLICIES. THE COMPENSATION COMMITTEE OF THE HOBART INSTITUTE OF WELDING TECHNOLOGY BOARD OF DIRECTORS REVIEWS THE PERFORMANCE OF THE CEO OF THE INSTITUTE YEARLY. BASED ON THIS REVIEW, THEY PROVIDE A RECOMMENDATION TO THE FULL BOARD FOR ANY ADJUSTMENTS TO THE COMPENSATION OF THE CEO. THE BOARD OF DIRECTORS WILL THEN DISCUSS AND VOTE ON ANY ADJUSTMENTS AND, IF APPROVED, THIS WILL BE COMMUNICATED TO THE CEO AND SENT TO THE FINANCE DIRECTOR WHO WILL INITIATE THE CHANGES. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE AS REQUIRED BY LAW FORM 990, PART XXI, LINE 2C: THE PROCESS FOR AUDITOR SELECTION OR OVERSIGHT HAS NOT CHANGED.