Civic Intelligence

Vermont Joint Apprenticeship

990 • Fiscal year 2013 • EIN 03-0223187

Jan 01, 2013 to Dec 31, 2013 • Filed on Oct 07, 2014

3 Gregory DriveS Burlington, VT 05403

(802) 479-3044

Siviq Scores

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

Liabilities / Assets

68th percentile

0.01x

Higher debt load relative to assets than 68% of similar nonprofits.

2013 filings • 501(c)5 • <$500k nonprofits • Source year 2013

Liabilities / Revenue

75th percentile

0.02x

Higher debt load relative to revenue than 75% of similar nonprofits.

2013 filings • 501(c)5 • <$500k nonprofits • Source year 2013

Net Margin

12th percentile

-17%

Higher net margin than 12% of similar nonprofits.

2013 filings • 501(c)5 • <$500k nonprofits • Source year 2013

Top Officer Pay

80th percentile

$14,976

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 13.9% of source-year revenue.

2013 filings • 501(c)5 • <$500k nonprofits • Source year 2013

Asset Growth

22nd percentile

-8.8%

Faster asset growth than 22% of similar nonprofits.

2013 filings • 501(c)5 • <$500k nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Down

$185,237

Down $17,786 (-8.8%) from 2012

Net Assets

Down

$183,121

Down $18,263 (-9.1%) from 2012

Liabilities

Up

$2,116

Up $477 (+29%) from 2012

Revenue

$107,922

No earlier filing loaded for comparison.

Expenses

Down

$126,185

Down $33,083 (-21%) from 2012

Net Income

-$18,263

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2010: $244,095Liabilities 2010: $26,760Net Assets 2010: $217,3352010Assets 2011: $267,323Liabilities 2011: $15,907Net Assets 2011: $251,4162011Assets 2012: $203,023Liabilities 2012: $1,639Net Assets 2012: $201,3842012Assets 2013: $185,237Liabilities 2013: $2,116Net Assets 2013: $183,1212013Assets 2014: $150,536Liabilities 2014: $4,205Net Assets 2014: $146,3312014Assets 2015: $144,216Liabilities 2015: $1,910Net Assets 2015: $142,3062015Assets 2016: $170,964Liabilities 2016: $4,127Net Assets 2016: $166,8372016Assets 2017: $136,175Liabilities 2017: $124Net Assets 2017: $136,0512017Assets 2018: $100,029Liabilities 2018: $1,752Net Assets 2018: $98,2772018Assets 2019: $78,349Liabilities 2019: $4,506Net Assets 2019: $73,8432019Assets 2020: $40,055Liabilities 2020: $335Net Assets 2020: $39,7202020Assets 2021: $37,484Liabilities 2021: $24,141Net Assets 2021: $13,3432021Assets 2022: $59,792Liabilities 2022: $24,511Net Assets 2022: $35,2812022Assets 2023: $127,123Liabilities 2023: $42,547Net Assets 2023: $84,5762023Assets 2024: $187,757Liabilities 2024: $29,842Net Assets 2024: $157,9152024

Highlighted filing

2013

Assets$185,237
Liabilities$2,116
Net Assets$183,121

Operations Trend

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

$400K$300K$200K$100K$0-$100KExpenses 2010: $172,4092010Expenses 2011: $325,0832011Expenses 2012: $159,2682012Revenue 2013: $107,922Expenses 2013: $126,185Net Income 2013: -$18,2632013Revenue 2014: $97,297Expenses 2014: $134,087Net Income 2014: -$36,7902014Revenue 2015: $108,797Expenses 2015: $112,822Net Income 2015: -$4,0252015Revenue 2016: $121,361Expenses 2016: $96,830Net Income 2016: $24,5312016Revenue 2017: $90,047Expenses 2017: $120,833Net Income 2017: -$30,7862017Revenue 2018: $36,248Expenses 2018: $74,022Net Income 2018: -$37,7742018Revenue 2019: $89,755Expenses 2019: $114,189Net Income 2019: -$24,4342019Revenue 2020: $39,087Expenses 2020: $73,210Net Income 2020: -$34,1232020Revenue 2021: $72,710Expenses 2021: $99,087Net Income 2021: -$26,3772021Revenue 2022: $118,670Expenses 2022: $96,732Net Income 2022: $21,9382022Revenue 2023: $178,235Expenses 2023: $128,940Net Income 2023: $49,2952023Revenue 2024: $187,660Expenses 2024: $114,321Net Income 2024: $73,3392024

Highlighted filing

2013

Revenue$107,922
Expenses$126,185
Net Income-$18,263
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Oct 7, 2014
Return Version
2013v3.0
Gross Receipts
$129,613
Mission and Program Overview

Mission

The mission is to provide the highest quality training available to those interested in a career in the electrical industry.

See statementthe trust fund was formed as the result of an agreement between local 300 of the international brotherhood of electrical workers and the electrical contractors of vermont to provide support for the educational and training program for electrical apprentices and journeymen in vermont.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$52,737$65,411▲ $12,674
Savings and Temporary Cash Investments$50,151$50,228▲ $77
Land, Buildings, and Equipment, Net$74,818$47,457▼ $27,361
Accounts Receivable$17,591$12,333▼ $5,258
Inventories for Sale or Use$7,726$9,808▲ $2,082
Total Assets$203,023$185,237▼ $17,786
Liabilities
Accounts Payable and Accrued Expenses$1,639$2,116▲ $477
Total Liabilities$1,639$2,116▲ $477
Net Assets / Fund Balance
Unrestricted Net Assets$201,384$183,121▼ $18,263
Total Net Assets Fund Balance$201,384$183,121▼ $18,263
Total Liabilities and Net Assets / Fund Balance$203,023$185,237▼ $17,786

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$47,457$124,073-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tim WatkinsExecutive DirectorPT$14,976$14,976

Board Members and Trustees

NameTitle
Jeffrey WimetteLabor Trustee/chairman
Vincent BentLabor Trustee
Ken DouglasMgmt Trustee
Paul RocheMgmt Trustee
Ryan NieckarzMgmt Trustee
Frederick Myrick JrMgmt Trustee/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$112,183
Program Service Revenue
$1,527
Investment Income
$79
Other Revenue
$-5,867
Change in Net Assets
$-18,263

Audited Revenue Reconciliation

Revenue per Audited Statements
$107,922
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$21,691
Total Revenue per Audited Statements
$129,613
Total Revenue per Form 990
$107,922
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$79,526
Salaries, Compensation, and Employee Benefits$46,659
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$30,365--$30,365
Depreciation Depletion$27,361--$27,361
Other Salaries and Wages$27,108--$27,108
Current Officers, Directors, Trustees, and Key Employees$14,976--$14,976
Payroll Taxes$4,575--$4,575
Fees for Services Accounting$4,400--$4,400
Insurance$3,299--$3,299
Office Expenses$839--$839
All Other Expenses$511--$511
Other Expenses$470--$470
Fees for Services Legal$7--$7
Total Functional Expenses$126,185$0$0$126,185

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$147,876
Expenses per Audited Statements$126,185
Total Expenses per Form 990$126,185
Expenses Not Reported on Form 990$21,691
Expenses Not Reported on Financial Statements$0
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
In-house lobbying only
No
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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
Yes
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, Part VI, Section B, Line 11

The form 990 is reviewed and approved by the trustees prior to its filing.

Form 990, Part VI, Section B, Line 15A

Trustees approve the executive director's and instructors' compensation.

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Filing and Contact Details

Filer

EIN
03-0223187
Phone
8024793044

Signing Officer

Name
Jeffrey C Wimette
Title
Chairman of the Board
Phone
8024793044
Signed
2014-10-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tim Watkins
Formed
1992
Legal Domicile
Vt
Voting Board Members
6
Independent Board Members
6
Employees
9
Volunteers
0

Preparer

Preparer
James M Harnish
Phone
8026581808
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 2C

The organization has an audit committee that has responsibility for oversight of the audit.

Financial Statement Notes

PART X, LINE 2:

Vermont joint apprenticeship and training trust fund's fin 48 disclosure is located in note 4 of the financial statements. It reads "management believes the plan has no uncertain tax positions. The plan anticipates that it will not have a change in uncertain tax positions during the next twelve months that would have a material impact on the plans financial statements. If necessary, the plan would accrue interest and penalties on uncertain tax positions as a component of the provision for income taxes."

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Cost of inventory 21,691.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of inventory 21,691.

Raw XML Appendix389 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4MGMT TRUSTEE
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0VERMONT JOINT APPRENTICESHIP AND TRAINING TRUST FUND'S FIN 48 DISCLOSURE IS LOCATED IN NOTE 4 OF THE FINANCIAL STATEMENTS. IT READS "MANAGEMENT BELIEVES THE PLAN HAS NO UNCERTAIN TAX POSITIONS. THE PLAN ANTICIPATES THAT IT WILL NOT HAVE A CHANGE IN UNCERTAIN TAX POSITIONS DURING THE NEXT TWELVE MONTHS THAT WOULD HAVE A MATERIAL IMPACT ON THE PLANS FINANCIAL STATEMENTS. IF NECESSARY, THE PLAN WOULD ACCRUE INTEREST AND PENALTIES ON UNCERTAIN TAX POSITIONS AS A COMPONENT OF THE PROVISION FOR INCOME TAXES."
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COST OF INVENTORY 21,691.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2COST OF INVENTORY 21,691.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
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IRS990ScheduleD/TotalExpensesPerForm990Amt0126185
IRS990ScheduleD/TotalRevenuePerForm990Amt0107922
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0129613
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0147876
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED AND APPROVED BY THE TRUSTEES PRIOR TO ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TRUSTEES APPROVE THE EXECUTIVE DIRECTOR'S AND INSTRUCTORS' COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT HAS RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0030281837
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0VT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0RENTAL OF COMMERICAL BUILDINGS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine10UNITED REALTY CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine103 GREGORY DRIVE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/City0SOUTH BURLINGTON
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/State0VT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCode005403
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd01
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt07152
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FAIR MKT VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine10UNITED REALTY CORPORATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0K
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd01
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0203023
IRS990/TotalAssetsEOYAmt0185237
IRS990/TotalAssetsGrp/BOYAmt0203023
IRS990/TotalAssetsGrp/EOYAmt0185237
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0112183
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0126185
IRS990/TotalFunctionalExpensesGrp/TotalAmt0126185
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01639
IRS990/TotalLiabilitiesEOYAmt02116
IRS990/TotalLiabilitiesGrp/BOYAmt01639
IRS990/TotalLiabilitiesGrp/EOYAmt02116
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0201384
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0183121
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0126185
IRS990/TotalProgramServiceRevenueAmt01527
IRS990/TotalReportableCompFromOrgAmt014976
IRS990/TotalRevenueGrp/ExclusionAmt079
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-4340
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0107922
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0203023
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0185237
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0201384
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0183121
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine103 GREGORY DRIVE
IRS990/USAddress/City0SOUTH BURLINGTON
IRS990/USAddress/State0VT
IRS990/USAddress/ZIPCode005403
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JEFFREY C WIMETTE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN OF THE BOARD
ReturnHeader/BusinessOfficerGrp/PhoneNum08024793044
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-10-07
ReturnHeader/Filer/BusinessName/BusinessNameLine10VERMONT JOINT APPRENTICESHIP
ReturnHeader/Filer/BusinessName/BusinessNameLine20AND TRAINING TRUST FUND
ReturnHeader/Filer/BusinessNameControlTxt0VERM
ReturnHeader/Filer/EIN0030223187
ReturnHeader/Filer/PhoneNum08024793044
ReturnHeader/Filer/USAddress/AddressLine103 GREGORY DRIVE
ReturnHeader/Filer/USAddress/City0SOUTH BURLINGTON
ReturnHeader/Filer/USAddress/State0VT
ReturnHeader/Filer/USAddress/ZIPCode005403
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0030327374
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10MCSOLEY MCCOY & CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10118 TILLEY DRIVE STE 202
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0SOUTH BURLINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0VT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode005403
ReturnHeader/PreparerPersonGrp/PhoneNum08026581808
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES M HARNISH
ReturnHeader/ReturnTs02014-10-07T13:50:02-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

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.$1.88$0.30$1.58$1.88$1.14$0.73
2023Detailed filing. Detailed filing data is available for this year.$1.27$0.43$0.85$1.78$1.29$0.49
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$0.25$0.35$1.19$0.97$0.22
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.37$0.24$0.13$0.73$0.99$0.26
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.40$0.00$0.40$0.39$0.73$0.34
2019Detailed filing. Detailed filing data is available for this year.$0.78$0.05$0.74$0.90$1.14$0.24
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.00$0.02$0.98$0.36$0.74$0.38
2017Detailed filing. Detailed filing data is available for this year.$1.36$0.00$1.36$0.90$1.21$0.31
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.71$0.04$1.67$1.21$0.97$0.25
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.44$0.02$1.42$1.09$1.13$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.51$0.04$1.46$0.97$1.34$0.37
2013Detailed filing. Detailed filing data is available for this year.$1.85$0.02$1.83$1.08$1.26$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.03$0.02$2.01$1.59
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.67$0.16$2.51$3.25
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.44$0.27$2.17$1.72