Civic Intelligence

San Mateo County Electrical Apprenticeship & Training Trust

990 • Fiscal year 2023 • EIN 23-7225581

Nov 01, 2022 to Oct 31, 2023 • Filed on Sep 16, 2024

6800 Santa Teresa Boulevard Ste 10San Jose, CA 95119

(408) 288-4400

Siviq Scores

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

Liabilities / Assets

16th percentile

0.01x

Higher debt load relative to assets than 16% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

15th percentile

0.04x

Higher debt load relative to revenue than 15% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

79th percentile

24%

Higher net margin than 79% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

66th percentile

$234,641

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

52nd percentile

6.7%

Faster asset growth than 52% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

82nd percentile

34%

Faster revenue growth than 82% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$16,633,620

Up $1,044,518 (+6.7%) from 2022

Net Assets

Up

$16,438,436

Up $1,240,051 (+8.2%) from 2022

Liabilities

Down

$195,184

Down $195,533 (-50%) from 2022

Revenue

Up

$4,991,512

Up $1,279,809 (+34%) from 2022

Expenses

Up

$3,779,065

Up $498,466 (+15%) from 2022

Net Income

Up

$1,212,447

Up $781,343 (+181%) from 2022

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2017: $10,374,390Liabilities 2017: $1,907,978Net Assets 2017: $8,466,4122017Assets 2018: $12,060,588Liabilities 2018: $1,457,681Net Assets 2018: $10,602,9072018Assets 2019: $14,088,731Liabilities 2019: $1,088,830Net Assets 2019: $12,999,9012019Assets 2020: $14,638,732Liabilities 2020: $741,917Net Assets 2020: $13,896,8152020Assets 2021: $15,665,138Liabilities 2021: $520,084Net Assets 2021: $15,145,0542021Assets 2022: $15,589,102Liabilities 2022: $390,717Net Assets 2022: $15,198,3852022Assets 2023: $16,633,620Liabilities 2023: $195,184Net Assets 2023: $16,438,4362023Assets 2024: $19,957,319Liabilities 2024: $67,132Net Assets 2024: $19,890,1872024

Highlighted filing

2023

Assets$16,633,620
Liabilities$195,184
Net Assets$16,438,436

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0Revenue 2017: $2,995,400Expenses 2017: $1,912,512Net Income 2017: $1,082,8882017Revenue 2018: $4,237,028Expenses 2018: $2,092,010Net Income 2018: $2,145,0182018Revenue 2019: $4,804,808Expenses 2019: $2,426,954Net Income 2019: $2,377,8542019Revenue 2020: $3,815,941Expenses 2020: $2,916,263Net Income 2020: $899,6782020Revenue 2021: $4,504,879Expenses 2021: $3,166,369Net Income 2021: $1,338,5102021Revenue 2022: $3,711,703Expenses 2022: $3,280,599Net Income 2022: $431,1042022Revenue 2023: $4,991,512Expenses 2023: $3,779,065Net Income 2023: $1,212,4472023Revenue 2024: $6,913,084Expenses 2024: $3,705,877Net Income 2024: $3,207,2072024

Highlighted filing

2023

Revenue$4,991,512
Expenses$3,779,065
Net Income$1,212,447
Jump To
Filing Snapshot
Filing Period
Nov 1, 2022 to Oct 31, 2023
Signed
Sep 16, 2024
Return Version
2022v5.0
Gross Receipts
$6,151,778
Mission and Program Overview

Mission

To provide journeymen and apprentice training for electrical workers covered by the collective bargaining agreement between the union and the electrical contractors

To provide journeymen and apprentice training for electrical workers covered by the collective bargaining agreement between the union and electrical contractors

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,353,244$6,141,636▼ $211,608
Investments in Publicly Traded Securities$4,735,451$4,951,463▲ $216,012
Savings and Temporary Cash Investments$3,996,041$4,541,069▲ $545,028
Cash and Non-Interest-Bearing Accounts$156,164$495,743▲ $339,579
Accounts Receivable$289,312$411,957▲ $122,645
Prepaid Expenses and Deferred Charges$58,890$91,752▲ $32,862
Total Assets$15,589,102$16,633,620▲ $1,044,518
Liabilities
Mortgage Notes Payable Secured by Investment Property$324,243$145,050▼ $179,193
Accounts Payable and Accrued Expenses$66,474$50,134▼ $16,340
Total Liabilities$390,717$195,184▼ $195,533
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$15,198,385$16,438,436▲ $1,240,051
Total Net Assets Fund Balance$15,198,385$16,438,436▲ $1,240,051
Total Liabilities and Net Assets / Fund Balance$15,589,102$16,633,620▲ $1,044,518

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,725,812$2,891,441$5,617,253
Leasehold Improvements$1,928,372$717,659$2,646,031
Land$1,400,000-$1,400,000
Equipment$87,452$805,288$892,740
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Glenn ArvinTraining DirectorFT$234,641-$234,641
Barbara CoxLead InstructorFT$207,773$7,494$215,267
Deanna StokesAdministrative AssistantFT$118,427-$118,427

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,093,708
Program Service Revenue
$3,647,084
Investment Income
$250,720
Other Revenue
$0
All Other Contributions
$250
Change in Net Assets
$1,212,447

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,957,255
Revenue Not Reported on Financial Statements
$34,257
Revenue Not Reported on Form 990
$27,604
Total Revenue per Audited Statements
$4,984,859
Total Revenue per Form 990
$4,991,512
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,920,510
Other Expenses$1,858,555
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$865,446$306,318-$1,171,764
Occupancy$216,098$54,024-$270,122
Depreciation Depletion$206,037$51,509-$257,546
Current Officers, Directors, Trustees, and Key Employees$234,641--$234,641
Other Employee Benefits$134,674$97,380-$232,054
Pension Plan Contributions$129,645$54,467-$184,112
Other Expenses$92,819$23,205-$116,024
Conferences and Meetings$108,237--$108,237
Payroll Taxes$74,035$23,904-$97,939
All Other Expenses$31,087$62,080-$93,167
Insurance$32,074$8,018-$40,092
Office Expenses-$35,016-$35,016
Fees for Service Investment Mgmnt Fees-$34,257-$34,257
Fees for Services Management-$18,000-$18,000
Interest$10,990$2,748-$13,738
Fees for Services Accounting-$12,000-$12,000
Fees for Services Legal-$7,824-$7,824
Total Functional Expenses$2,913,732$865,333$0$3,779,065

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,779,065
Expenses per Audited Statements$3,744,808
Total Expenses per Audited Statements$3,744,808
Expenses Not Reported on Financial Statements$34,257
Expenses Not Reported on Form 990$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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
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 11B

Review of form 990 by training director before filing

Form 990, Part VI, Section B, Line 12C

Annual statements-each person shall annually sign a statement which affirms that such person: a) has received a copy of the conflict of interest policy, b) has read and understands the policy, c) has agreed to comply with the policy. Periodic reviews-are conducted to ensure that the trust operates in a manner consistant with its charitable and educational purposes and that it does not engage in activities that could jeopardize its status as an organization exempt from federal income tax.

Form 990, Part VI, Section C, Line 19

UPON REQUEST ONLY

Filing and Contact Details

Filer

Filer Name
San Mateo Electrical Apprenticeship &
EIN
23-7225581
Phone
4082884400
Address
6800 SANTA TERESA BOULEVARD STE 10, SAN JOSE, CA 95119

Signing Officer

Name
Glenn Arvin
Title
Training Director
Phone
4082884400
Signed
2024-09-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Glenn Arvin
Formed
1971
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
8
Employees
35
Volunteers
0

Preparer

Firm
Ineich & Company Llp
Address
950 TOWER LANE SUITE 780, FOSTER CITY, CA 94404
Preparer
Michael T Savasta
Phone
6505738007
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IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0324243
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0145050
IRS990/NetAssetsOrFundBalancesBOYAmt015198385
IRS990/NetAssetsOrFundBalancesEOYAmt016438436
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt028990
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt028990
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt027604
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt015198385
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt016438436
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt054024
IRS990/OccupancyGrp/ProgramServicesAmt0216098
IRS990/OccupancyGrp/TotalAmt0270122
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt035016
IRS990/OfficeExpensesGrp/TotalAmt035016
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt097380
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0134674
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0232054
IRS990/OtherExpensesGrp/Desc0TRAINING & PROGRAM COST
IRS990/OtherExpensesGrp/Desc1UTILITIES, REPAIRS, & M
IRS990/OtherExpensesGrp/Desc2GRANT ADMINISTRATION
IRS990/OtherExpensesGrp/Desc3IT SERVICES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt048089
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt126494
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt223205
IRS990/OtherExpensesGrp/ProgramServicesAmt0479613
IRS990/OtherExpensesGrp/ProgramServicesAmt1192358
IRS990/OtherExpensesGrp/ProgramServicesAmt2105978
IRS990/OtherExpensesGrp/ProgramServicesAmt392819
IRS990/OtherExpensesGrp/TotalAmt0479613
IRS990/OtherExpensesGrp/TotalAmt1240447
IRS990/OtherExpensesGrp/TotalAmt2132472
IRS990/OtherExpensesGrp/TotalAmt3116024
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0306318
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0865446
IRS990/OtherSalariesAndWagesGrp/TotalAmt01171764
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt023904
IRS990/PayrollTaxesGrp/ProgramServicesAmt074035
IRS990/PayrollTaxesGrp/TotalAmt097939
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt054467
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0129645
IRS990/PensionPlanContributionsGrp/TotalAmt0184112
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt058890
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt091752
IRS990/PrincipalOfficerNm0GLENN ARVIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/BusinessCd2611600
IRS990/ProgramServiceRevenueGrp/Desc0EMPLOYER CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/Desc1TEXTBOOKS/TOOLS REIMBURSE
IRS990/ProgramServiceRevenueGrp/Desc2MISCELLANEOUS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03524725
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt175727
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt246632
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03524725
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt175727
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt246632
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0829860
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0109643
IRS990/PYOtherExpensesAmt01539200
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt02772200
IRS990/PYRevenuesLessExpensesAmt0431104
IRS990/PYSalariesCompEmpBnftPaidAmt01741399
IRS990/PYTotalExpensesAmt03280599
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03711703
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt01212447
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03647084
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03996041
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04541069
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt02725812
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02891441
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05617253
IRS990ScheduleD/EquipmentGrp/BookValueAmt087452
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0805288
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0892740
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt034257
IRS990ScheduleD/ExpensesSubtotalAmt03744808
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt034257
IRS990ScheduleD/InvestmentExpensesNotIncldAmt034257
IRS990ScheduleD/LandGrp/BookValueAmt01400000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01400000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01928372
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0717659
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt02646031
IRS990ScheduleD/NetUnrealizedGainsInvstAmt027604
IRS990ScheduleD/RevenueNotReportedAmt027604
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt034257
IRS990ScheduleD/RevenueSubtotalAmt04957255
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06141636
IRS990ScheduleD/TotalExpensesPerForm990Amt03779065
IRS990ScheduleD/TotalRevenuePerForm990Amt04991512
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04984859
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03744808
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0OUR POLICY IS ON OUR APPLICATION FORM AND AN INVITATION TO APPLY TO THE APPRENTICESHIP IS ON OUR WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1WE RECEIVE A GRANT FROM THE EMPLOYEE TRAINING PROGRAM THROUGH THE STATE OF CALIFORNIA. IN ADDITION, WE RECEIVE MONTOYA FUNDING THROUGH THE COMMUNITY COLLEGE SYSTEM
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0234641

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