Civic Intelligence

Bloomington Normal Electrical Joint Apprenticeship & Training Fund

990 • Fiscal year 2024 • EIN 37-1066466

Jun 01, 2023 to May 31, 2024 • Filed on Sep 16, 2024

2407 Beich Road - Suite BBloomington, IL 61704

(309) 827-4868

Siviq Scores

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

Liabilities / Assets

21st percentile

0.00x

Higher debt load relative to assets than 21% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

21st percentile

0.00x

Higher debt load relative to revenue than 21% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

30th percentile

-4.2%

Higher net margin than 30% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

30th percentile

-2.2%

Faster asset growth than 30% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

40th percentile

2.6%

Faster revenue growth than 40% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,296,759

Down $19,966 (-1.5%) from 2022

Net Assets

Down

$1,295,812

Down $18,270 (-1.4%) from 2022

Liabilities

Down

$947

Down $1,696 (-64%) from 2022

Revenue

Down

$649,655

Down $66,701 (-9.3%) from 2022

Expenses

Up

$676,860

Up $72,395 (+12%) from 2022

Net Income

Down

-$27,205

Down $139,096 (-124%) from 2022

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 2014: $485,843Liabilities 2014: $2,368Net Assets 2014: $483,4752014Assets 2015: $481,832Liabilities 2015: $2,424Net Assets 2015: $479,4082015Assets 2016: $456,496Liabilities 2016: $2,233Net Assets 2016: $454,2632016Assets 2017: $438,453Liabilities 2017: $2,136Net Assets 2017: $436,3172017Assets 2018: $452,137Liabilities 2018: $2,043Net Assets 2018: $450,0942018Assets 2019: $437,143Liabilities 2019: $1,833Net Assets 2019: $435,3102019Assets 2020: $654,256Liabilities 2020: $37,287Net Assets 2020: $616,9692020Assets 2021: $1,182,339Liabilities 2021: $40,332Net Assets 2021: $1,142,0072021Assets 2022: $1,316,725Liabilities 2022: $2,643Net Assets 2022: $1,314,0822022Assets 2024: $1,296,759Liabilities 2024: $947Net Assets 2024: $1,295,8122024Assets 2025: $1,248,023Liabilities 2025: $979Net Assets 2025: $1,247,0442025

Highlighted filing

2024

Assets$1,296,759
Liabilities$947
Net Assets$1,295,812

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2014: $246,764Expenses 2014: $275,773Net Income 2014: -$29,0092014Revenue 2015: $271,872Expenses 2015: $275,939Net Income 2015: -$4,0672015Revenue 2016: $269,054Expenses 2016: $294,199Net Income 2016: -$25,1452016Revenue 2017: $260,362Expenses 2017: $278,308Net Income 2017: -$17,9462017Revenue 2018: $307,410Expenses 2018: $293,633Net Income 2018: $13,7772018Revenue 2019: $319,932Expenses 2019: $334,716Net Income 2019: -$14,7842019Revenue 2020: $519,480Expenses 2020: $337,821Net Income 2020: $181,6592020Revenue 2021: $956,722Expenses 2021: $435,599Net Income 2021: $521,1232021Revenue 2022: $716,356Expenses 2022: $604,465Net Income 2022: $111,8912022Revenue 2024: $649,655Expenses 2024: $676,860Net Income 2024: -$27,2052024Revenue 2025: $626,036Expenses 2025: $674,804Net Income 2025: -$48,7682025

Highlighted filing

2024

Revenue$649,655
Expenses$676,860
Net Income-$27,205
Jump To
Filing Snapshot
Filing Period
Jun 1, 2023 to May 31, 2024
Signed
Sep 16, 2024
Return Version
2023v5.1
Gross Receipts
$649,655
Mission and Program Overview

Mission

To prepare apprentice electricians in the principles of electrical installation and safety on the jobsite.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$572,075$642,005▲ $69,930
Cash and Non-Interest-Bearing Accounts$677,396$516,888▼ $160,508
Land, Buildings, and Equipment, Net$77,114$137,866▲ $60,752
Total Assets$1,326,585$1,296,759▼ $29,826
Liabilities
Accounts Payable and Accrued Expenses$3,568$947▼ $2,621
Total Liabilities$3,568$947▼ $2,621
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,323,017$1,295,812▼ $27,205
Total Net Assets Fund Balance$1,323,017$1,295,812▼ $27,205
Total Liabilities and Net Assets / Fund Balance$1,326,585$1,296,759▼ $29,826

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$112,647$203,368$316,015
Leasehold Improvements$25,219$18,586$43,805
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mike RaikesChairman
Alex DickeyTrustee
Keith TayTrustee
Matthew StruppTrustee
Will HancockTrustee
Jeremy WilcoxSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$605,320
Investment Income
$17,180
Other Revenue
$27,155
Change in Net Assets
$-27,205

Audited Revenue Reconciliation

Revenue per Audited Statements
$649,655
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$649,655
Total Revenue per Form 990
$649,655
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$360,837
Other Expenses$316,023
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$250,269-$250,269
Occupancy$106,073--$106,073
Other Employee Benefits-$81,681-$81,681
Depreciation Depletion$34,988--$34,988
Payroll Taxes-$28,887-$28,887
Office Expenses$21,335--$21,335
Insurance$9,376$9,377-$18,753
Fees for Services Accounting-$12,277-$12,277
Conferences and Meetings$11,984--$11,984
All Other Expenses$5,473--$5,473
Fees for Services Other$3,266--$3,266
Other Expenses$2,692--$2,692
Advertising$2,524--$2,524
Fees for Services Legal-$244-$244
Total Functional Expenses$294,125$382,735$0$676,860

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$676,860
Total Expenses per Audited Statements$676,860
Total Expenses per Form 990$676,860
Expenses Not Reported on Financial Statements$0
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
No
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

Line 11b explanation - form 990 is reviewed at regularly scheduled board meeting prior to filing of form 990.

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

Conflict of interest policy is reviewed and board members are instructed to disclose any potential conflicts at each meeting.

Form 990, Part VI, Section C, Line 19

Documents are available for inspection at office of bnjatc.

Filing and Contact Details

Filer

Filer Name
Bloomington-normal Jatc
EIN
37-1066466
Phone
3098274868
Address
2407 BEICH ROAD - SUITE B, BLOOMINGTON, IL 61704

Signing Officer

Name
Mike Raikes
Title
Chariman
Phone
3098274868
Signed
2024-09-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Raikes
Formed
2002
Legal Domicile
Il
Voting Board Members
6
Independent Board Members
6
Employees
17
Volunteers
0

Preparer

Firm
Striegel Knobloch & Company LLC
Address
115 W JEFFERSON ST SUITE 200, BLOOMINGTON, IL 61701
Preparer
Stephen H Arendt Partner
Phone
3098294303
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 1:

MODIFIED CASH BASIS

Financial Statement Notes

PART X, LINE 2:

Accounting principles generally accepted in the united states of america require the organization's management evaluate tax positions taken by the organization and recognize a tax liability if the organization has taken an uncertain position that more than likely would not be sustained upon examination by the internal revenue service. Management has analyzed the tax positions taken by the organization and has concluded that as of may 31, 2023, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Tax years prior to 2020 are closed.

Raw XML Appendix379 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE THE ORGANIZATION'S MANAGEMENT EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE THAN LIKELY WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT AS OF MAY 31, 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. TAX YEARS PRIOR TO 2020 ARE CLOSED.
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IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0649655
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0676860
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd00
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0BNJATC PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH NEWSPAPER ADVERTISING DURING ANY PERIOD OF SOLICITATION FOR STUDENTS. THE POLICY IS ALSO CLEARLY STATED ON ALL APPLICATIONS FOR ADMITTANCE TO THE SCHOOL.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt132B: ORGANIZATION DOES NOT OFFER SCHOLARSHIPS 32D: ORGANIZATION DOES NOT ACTIVELY SOLICIT CONTRIBUTIONS
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 11B EXPLANATION - FORM 990 IS REVIEWED AT REGULARLY SCHEDULED BOARD MEETING PRIOR TO FILING OF FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST POLICY IS REVIEWED AND BOARD MEMBERS ARE INSTRUCTED TO DISCLOSE ANY POTENTIAL CONFLICTS AT EACH MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE AVAILABLE FOR INSPECTION AT OFFICE OF BNJATC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MODIFIED CASH BASIS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 1:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01326585
IRS990/TotalAssetsEOYAmt01296759
IRS990/TotalAssetsGrp/BOYAmt01326585
IRS990/TotalAssetsGrp/EOYAmt01296759
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt017
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0382735
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0294125
IRS990/TotalFunctionalExpensesGrp/TotalAmt0676860
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03568
IRS990/TotalLiabilitiesEOYAmt0947
IRS990/TotalLiabilitiesGrp/BOYAmt03568
IRS990/TotalLiabilitiesGrp/EOYAmt0947
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01323017
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01295812
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0294125
IRS990/TotalProgramServiceRevenueAmt0605320
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt017180
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0632475
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0649655
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01326585
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01296759
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02407 BEICH ROAD - SUITE B
IRS990/USAddress/CityNm0BLOOMINGTON
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd061704
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.BNJATC.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MIKE RAIKES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHARIMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum03098274868
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-09-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BLOOMINGTON-NORMAL JATC
ReturnHeader/Filer/BusinessNameControlTxt0BLOO
ReturnHeader/Filer/EIN0371066466
ReturnHeader/Filer/PhoneNum03098274868
ReturnHeader/Filer/USAddress/AddressLine1Txt02407 BEICH ROAD - SUITE B
ReturnHeader/Filer/USAddress/CityNm0BLOOMINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd061704
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0371122831
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0STRIEGEL KNOBLOCH & COMPANY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0115 W JEFFERSON ST SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BLOOMINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd061701
ReturnHeader/PreparerPersonGrp/PhoneNum03098294303
ReturnHeader/PreparerPersonGrp/PreparationDt02024-09-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEPHEN H ARENDT PARTNER
ReturnHeader/ReturnTs02024-09-16T15:36:47-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-06-01
ReturnHeader/TaxPeriodEndDt02024-05-31
ReturnHeader/TaxYr02023

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