Civic Intelligence

Augusta Electrical Joint Apprenticeship and Training Fund

990 • Fiscal year 2021 • EIN 01-6044928

Jan 01, 2021 to Dec 31, 2021 • Filed on Aug 29, 2022

PO Box 220 142 Elm StreetNewport, ME 04953

(207) 453-0135

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

70th percentile

0.15x

Higher debt load relative to assets than 70% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

77th percentile

0.26x

Higher debt load relative to revenue than 77% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

65th percentile

23%

Higher net margin than 65% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

89th percentile

$102,498

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 22.6% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

76th percentile

34%

Faster asset growth than 76% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

63rd percentile

29%

Faster revenue growth than 63% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$789,834

Up $198,604 (+34%) from 2020

Net Assets

Up

$669,834

Up $102,378 (+18%) from 2020

Liabilities

Up

$120,000

Up $96,226 (+405%) from 2020

Revenue

Up

$453,691

Up $101,462 (+29%) from 2020

Expenses

Up

$351,313

Up $54,117 (+18%) from 2020

Net Income

Up

$102,378

Up $47,345 (+86%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2010: $48,442Liabilities 2010: $2,9082010Assets 2011: $78,288Liabilities 2011: $2,436Net Assets 2011: $75,8522011Assets 2012: $144,120Liabilities 2012: $2,121Net Assets 2012: $141,9992012Assets 2013: $180,570Liabilities 2013: $3,320Net Assets 2013: $177,2502013Assets 2014: $133,670Liabilities 2014: $897Net Assets 2014: $132,7732014Assets 2015: $113,862Liabilities 2015: $2,928Net Assets 2015: $110,9342015Assets 2016: $78,856Liabilities 2016: $2,708Net Assets 2016: $76,1482016Assets 2017: $196,296Liabilities 2017: $2,382Net Assets 2017: $193,9142017Assets 2018: $380,066Liabilities 2018: $1,638Net Assets 2018: $378,4282018Assets 2019: $514,320Liabilities 2019: $1,897Net Assets 2019: $512,4232019Assets 2020: $591,230Liabilities 2020: $23,774Net Assets 2020: $567,4562020Assets 2021: $789,834Liabilities 2021: $120,000Net Assets 2021: $669,8342021Assets 2022: $828,750Liabilities 2022: $90,000Net Assets 2022: $738,7502022Assets 2023: $1,092,903Liabilities 2023: $60,964Net Assets 2023: $1,031,9392023Assets 2024: $1,077,311Liabilities 2024: $32,320Net Assets 2024: $1,044,9912024

Highlighted filing

2021

Assets$789,834
Liabilities$120,000
Net Assets$669,834

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2010: $122,668Expenses 2010: $161,863Net Income 2010: -$39,1952010Expenses 2011: $193,6792011Expenses 2012: $220,0812012Revenue 2013: $260,613Expenses 2013: $224,794Net Income 2013: $35,8192013Revenue 2014: $220,833Expenses 2014: $264,939Net Income 2014: -$44,1062014Revenue 2015: $189,206Expenses 2015: $211,045Net Income 2015: -$21,8392015Revenue 2016: $178,224Expenses 2016: $213,010Net Income 2016: -$34,7862016Revenue 2017: $297,186Expenses 2017: $179,420Net Income 2017: $117,7662017Revenue 2018: $414,217Expenses 2018: $229,703Net Income 2018: $184,5142018Revenue 2019: $366,655Expenses 2019: $232,660Net Income 2019: $133,9952019Revenue 2020: $352,229Expenses 2020: $297,196Net Income 2020: $55,0332020Revenue 2021: $453,691Expenses 2021: $351,313Net Income 2021: $102,3782021Revenue 2022: $570,980Expenses 2022: $497,091Net Income 2022: $73,8892022Revenue 2023: $952,842Expenses 2023: $659,653Net Income 2023: $293,1892023Revenue 2024: $818,988Expenses 2024: $805,936Net Income 2024: $13,0522024

Highlighted filing

2021

Revenue$453,691
Expenses$351,313
Net Income$102,378
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Aug 29, 2022
Return Version
2021v4.0
Gross Receipts
$453,691
Mission and Program Overview

Mission

To provide apprenticeship training in the electrical construction industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,505$431,206▲ $427,701
Cash and Non-Interest-Bearing Accounts$587,725$357,608▼ $230,117
Total Assets$591,230$789,834▲ $198,604
Other Assets Total-$1,020-
Liabilities
Mortgage Notes Payable Secured by Investment Property-$120,000-
Unsecured Notes Loans Payable$21,010--
Accounts Payable and Accrued Expenses$2,764--
Total Liabilities$23,774$120,000▲ $96,226
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$566,099$668,327▲ $102,228
Net Assets With Donor Restrictions$1,357$1,507▲ $150
Total Net Assets Fund Balance$567,456$669,834▲ $102,378
Total Liabilities and Net Assets / Fund Balance$591,230$789,834▲ $198,604

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$400,659$7,476$408,135
Equipment$30,547$37,794$68,341
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
George HoweTraining DirectorFT$86,614$15,884$102,498

Board Members and Trustees

NameTitle
Nicholas PaquetPresident
Chuck FraserTrustee
Lescar BeaneTrustee
Zachary JohnsonTrustee
Jason WildeSecretary
Kristen GowinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$397,951
Program Service Revenue
$44,833
Investment Income
$23
Other Revenue
$10,884
All Other Contributions
$364,941
Change in Net Assets
$102,378

Audited Revenue Reconciliation

Revenue per Audited Statements
$367,116
Revenue Not Reported on Financial Statements
$86,575
Other Revenue Adjustments
$86,575
Total Revenue per Audited Statements
$367,116
Total Revenue per Form 990
$453,691
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$191,460
Salaries, Compensation, and Employee Benefits$159,853
Total Fundraising Expense$8,282
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$76,732$22,085$3,681$102,498
Other Salaries and Wages$33,223$8,665$1,444$43,332
Insurance$9,855$4,548$758$15,161
Payroll Taxes$8,345$3,851$642$12,838
Depreciation Depletion$7,961$3,674$612$12,247
Office Expenses$6,333$2,923$487$9,743
Other Expenses$13,835$7,787-$7,787
Fees for Services Accounting$4,550$2,100$350$7,000
Occupancy$3,120$1,440$240$4,800
Pension Plan Contributions$770$356$59$1,185
Conferences and Meetings$293--$293
Fees for Services Other$116$53$9$178
Total Functional Expenses$254,620$88,411$8,282$351,313

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$351,313
Expenses per Audited Statements$264,738
Total Expenses per Audited Statements$264,738
Expenses Not Reported on Financial Statements$86,575
Other Expense Adjustments$86,575
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
Yes
Audit committee
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
No
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

Form 990 is prepared by our accounting firm. The form is reviewed by the training director and the administrative assistant and then provided to the trustees for their review.

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Augusta Electrical Jatc
EIN
01-6044928
Phone
2074530135
Address
PO BOX 220 142 ELM STREET, NEWPORT, ME 04953

Signing Officer

Name
George Howe
Title
Training Director
Phone
2074530135
Signed
2022-08-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nicholas Paquet
Formed
1976
Legal Domicile
Me
Voting Board Members
6
Independent Board Members
6
Employees
6

Preparer

Firm
Runyon Kersteen Ouellette
Address
20 LONG CREEK DR, SOUTH PORTLAND, ME 04106
Preparer
Amy Chasse
Phone
2077732986
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Cost of instructional books revenue gross-up -86,575 cost of instructional books expense 86,575

Form 990, Page 12, Part XII, Line 2C

This process has not changed.

Financial Statement Notes

Schedule D, Page 3, Part X

Jatc is exempt from federal tax under section 501(c)(3) of the internal revenue code and has been determined not to be a private foundation under section 509(a)(1) of the code. Accounting principles generally accepted in the united states of america requires management to evaluate tax positions taken by jatc and recognize a tax liability if jatc has taken an uncertain tax position that more likely than not would not be sustained upon examination by the internal revenue service and/or state taxing authorities. Jatc is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

Schedule D, Page 4, Part XI, Line 4B

Cost of instructional books revenue gross-up 86,575

Schedule D, Page 4, Part XII, Line 4B

Cost of instructional books expense 86,575

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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt07476
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0408135
IRS990ScheduleD/EquipmentGrp/BookValueAmt030547
IRS990ScheduleD/EquipmentGrp/DepreciationAmt037794
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt068341
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt086575
IRS990ScheduleD/ExpensesSubtotalAmt0264738
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesNotIncludedAmt086575
IRS990ScheduleD/OtherRevenuesNotIncludedAmt086575
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt086575
IRS990ScheduleD/RevenueSubtotalAmt0367116
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0JATC IS EXEMPT FROM FEDERAL TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER SECTION 509(A)(1) OF THE CODE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY JATC AND RECOGNIZE A TAX LIABILITY IF JATC HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE AND/OR STATE TAXING AUTHORITIES. JATC IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COST OF INSTRUCTIONAL BOOKS REVENUE GROSS-UP 86,575
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2COST OF INSTRUCTIONAL BOOKS EXPENSE 86,575
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0431206
IRS990ScheduleD/TotalExpensesPerForm990Amt0351313
IRS990ScheduleD/TotalRevenuePerForm990Amt0453691
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0367116
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0264738
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IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
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IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
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IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0false
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0NEWSPAPER ADVERTISEMENTS. DISTRIBUTION OF PAMPHLETS EXPLAINING SELECTION PROCESS TO ORGANIZATIONS SUCH AS WOMEN UNLIMITED, BREAD OF LIFE SHELTER, AND CAREER CENTERS THROUGHOUT THE JURISDICTION.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1QUESTION 4(B) IS NOT APPLICABLE. NO SCHOLARSHIPS AWARDED.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE MAINE APPRENTICESHIP PROGRAM REIMBURSES THE JATC FOR CLASSROOM TRAINING.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, LINE 6
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PREPARED BY OUR ACCOUNTING FIRM. THE FORM IS REVIEWED BY THE TRAINING DIRECTOR AND THE ADMINISTRATIVE ASSISTANT AND THEN PROVIDED TO THE TRUSTEES FOR THEIR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COST OF INSTRUCTIONAL BOOKS REVENUE GROSS-UP -86,575 COST OF INSTRUCTIONAL BOOKS EXPENSE 86,575
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THIS PROCESS HAS NOT CHANGED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 12, PART XII, LINE 2C
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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalContributionsAmt0397951
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0254620
IRS990/TotalFunctionalExpensesGrp/TotalAmt0351313
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt023774
IRS990/TotalLiabilitiesEOYAmt0120000
IRS990/TotalLiabilitiesGrp/BOYAmt023774
IRS990/TotalLiabilitiesGrp/EOYAmt0120000
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0669834
IRS990/TotalOtherCompensationAmt015884
IRS990/TotalProgramServiceExpensesAmt0254620
IRS990/TotalProgramServiceRevenueAmt044833
IRS990/TotalReportableCompFromOrgAmt086614
IRS990/TotalRevenueGrp/ExclusionAmt010907
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0453691
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0789834
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt021010
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 220 142 ELM STREET
IRS990/USAddress/CityNm0NEWPORT
IRS990/USAddress/StateAbbreviationCd0ME
IRS990/USAddress/ZIPCd004953
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GEORGE HOWE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRAINING DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02074530135
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-08-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AUGUSTA ELECTRICAL JATC
ReturnHeader/Filer/BusinessNameControlTxt0AUGU
ReturnHeader/Filer/EIN0016044928
ReturnHeader/Filer/PhoneNum02074530135
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 220 142 ELM STREET
ReturnHeader/Filer/USAddress/CityNm0NEWPORT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ME
ReturnHeader/Filer/USAddress/ZIPCd004953
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0010440155
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RUNYON KERSTEEN OUELLETTE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt020 LONG CREEK DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SOUTH PORTLAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ME
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd004106
ReturnHeader/PreparerPersonGrp/PhoneNum02077732986
ReturnHeader/PreparerPersonGrp/PreparationDt02022-08-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0AMY CHASSE
ReturnHeader/ReturnTs02022-09-14T11:27:53-04:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.08$0.03$1.04$0.82$0.81$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.09$0.06$1.03$0.95$0.66$0.29
2022Detailed filing. Detailed filing data is available for this year.$0.83$0.09$0.74$0.57$0.50$0.07
2021Detailed filing. Detailed filing data is available for this year.$0.79$0.12$0.67$0.45$0.35$0.10
2020Detailed filing. Detailed filing data is available for this year.$0.59$0.02$0.57$0.35$0.30$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.51$0.00$0.51$0.37$0.23$0.13
2018Detailed filing. Detailed filing data is available for this year.$0.38$0.00$0.38$0.41$0.23$0.18
2017Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.19$0.30$0.18$0.12
2016Detailed filing. Detailed filing data is available for this year.$0.08$0.00$0.08$0.18$0.21$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$0.19$0.21$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.13$0.00$0.13$0.22$0.26$0.04
2013Detailed filing. Detailed filing data is available for this year.$0.18$0.00$0.18$0.26$0.22$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.00$0.14$0.22
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.08$0.00$0.08$0.19
2010Summary only. Only limited summary data is available for this year.$0.05$0.00$0.12$0.16$0.04