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Filing year 2024

HOBART INSTITUTE OF WELDING TECHNOLOGY

Troy, Ohio·EIN 31-6032186·501(c)(3)
Total revenue
$9.9M
Total assets
$28.5M
Total expenses
$9.1M
Reported officers
11
Mission

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.

Executive compensation

Form 990 · Part VII & Schedule J · 4 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President
Median to 75th percentile
$148k
$159k
Vice President
75th to 90th percentile
$148k
$159k
Director of Corp Services
Highest Compensated Employee
10th to 25th percentile
$126k
$135k
Treasurer/director of Finance (thru Oct)
Officer (Unspecified)
$95k
$102k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 7 unpaid individuals.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Down 61%
from 2023

From $376k in 2023 to $148k in 2024.

$376k
2023
$148k
2024
In today's dollarsEst.
Down 62% in real terms$416k to $159k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay fell 61% from 2023 to 2024, while revenue fell 8%.

$376k in 2023 to $148k in 2024.
  • Highest Compensated Employee pay fell 30% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

HOBART INSTITUTE OF WELDING TECHNOLOGY reported revenue and expenses across 2 filing years.

RevenueExpenses
$10.7M
$9.4M
2023
$9.9M
$9.1M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about HOBART INSTITUTE OF WELDING TECHNOLOGY

What does the Chief Executive Officer of HOBART INSTITUTE OF WELDING TECHNOLOGY earn?

In 2024, the Chief Executive Officer of HOBART INSTITUTE OF WELDING TECHNOLOGY received $148,269 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among nonprofits nationwide, across all sectors, within the top half of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at HOBART INSTITUTE OF WELDING TECHNOLOGY compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at HOBART INSTITUTE OF WELDING TECHNOLOGY falls between the median and the 75th percentile.

What are HOBART INSTITUTE OF WELDING TECHNOLOGY's revenue and expenses?

In 2024, HOBART INSTITUTE OF WELDING TECHNOLOGY reported $9.9M in total revenue and $9.1M in total expenses on its IRS Form 990.

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