Civic Intelligence

Construction Education Trust

990 • Fiscal year 2024 • EIN 38-6624867

Jul 01, 2023 to Jun 30, 2024 • Filed on Feb 10, 2025

Refreshing map…

31800 Sherman AvenueMadison Heights, MI 48071

(248) 298-3600

Siviq Scores

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

Liabilities / Assets

46th percentile

0.10x

Higher debt load relative to assets than 46% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

51st percentile

0.17x

Higher debt load relative to revenue than 51% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

89th percentile

48%

Higher net margin than 89% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

82nd percentile

$247,748

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 8.2% of source-year revenue.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

92nd percentile

56%

Faster asset growth than 92% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

46th percentile

5.9%

Faster revenue growth than 46% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$5,231,259

Up $1,883,783 (+56%) from 2023

Net Assets

Up

$4,720,477

Up $1,463,733 (+45%) from 2023

Liabilities

Up

$510,782

Up $420,050 (+463%) from 2023

Revenue

Up

$3,020,474

Up $169,202 (+5.9%) from 2023

Expenses

Up

$1,556,741

Up $122,662 (+8.6%) from 2023

Net Income

Up

$1,463,733

Up $46,540 (+3.3%) from 2023

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2012: $1,251,095Liabilities 2012: $1,475,207Net Assets 2012: -$224,1122012Assets 2013: $1,209,167Liabilities 2013: $1,483,650Net Assets 2013: -$274,4832013Assets 2014: $1,307,280Liabilities 2014: $1,494,740Net Assets 2014: -$187,4602014Assets 2015: $1,289,548Liabilities 2015: $1,136,593Net Assets 2015: $152,9552015Assets 2016: $1,384,040Liabilities 2016: $1,020,999Net Assets 2016: $363,0412016Assets 2017: $1,561,220Liabilities 2017: $629,244Net Assets 2017: $931,9762017Assets 2018: $1,609,596Liabilities 2018: $491,412Net Assets 2018: $1,118,1842018Assets 2019: $1,481,411Liabilities 2019: $174,378Net Assets 2019: $1,307,0332019Assets 2020: $1,589,778Liabilities 2020: $162,420Net Assets 2020: $1,427,3582020Assets 2021: $1,628,271Liabilities 2021: $114,886Net Assets 2021: $1,513,3852021Assets 2022: $1,923,037Liabilities 2022: $83,486Net Assets 2022: $1,839,5512022Assets 2023: $3,347,476Liabilities 2023: $90,732Net Assets 2023: $3,256,7442023Assets 2024: $5,231,259Liabilities 2024: $510,782Net Assets 2024: $4,720,4772024

Highlighted filing

2024

Assets$5,231,259
Liabilities$510,782
Net Assets$4,720,477

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $440,1332012Revenue 2013: $397,098Expenses 2013: $447,469Net Income 2013: -$50,3712013Revenue 2014: $527,042Expenses 2014: $440,019Net Income 2014: $87,0232014Revenue 2015: $901,201Expenses 2015: $560,786Net Income 2015: $340,4152015Revenue 2016: $795,489Expenses 2016: $585,405Net Income 2016: $210,0842016Revenue 2017: $1,272,945Expenses 2017: $704,010Net Income 2017: $568,9352017Revenue 2018: $1,256,477Expenses 2018: $1,070,269Net Income 2018: $186,2082018Revenue 2019: $1,304,810Expenses 2019: $1,138,684Net Income 2019: $166,1262019Revenue 2020: $1,145,044Expenses 2020: $1,024,719Net Income 2020: $120,3252020Revenue 2021: $1,175,183Expenses 2021: $1,089,156Net Income 2021: $86,0272021Revenue 2022: $1,686,854Expenses 2022: $1,360,688Net Income 2022: $326,1662022Revenue 2023: $2,851,272Expenses 2023: $1,434,079Net Income 2023: $1,417,1932023Revenue 2024: $3,020,474Expenses 2024: $1,556,741Net Income 2024: $1,463,7332024

Highlighted filing

2024

Revenue$3,020,474
Expenses$1,556,741
Net Income$1,463,733
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 10, 2025
Return Version
2023v6.0
Gross Receipts
$3,020,474
Mission and Program Overview

Mission

Our mission is to train tomorrow's workforce to be skilled, motivated, and safety conscious.

Train tomorrow's workforce to be skilled, motivated and safety conscious.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,197,029$4,978,768▲ $1,781,739
Cash and Non-Interest-Bearing Accounts$150,447$252,491▲ $102,044
Total Assets$3,347,476$5,231,259▲ $1,883,783
Liabilities
Other Liabilities$50,000$500,000▲ $450,000
Deferred Revenue$33,333$0▼ $33,333
Accounts Payable and Accrued Expenses$7,399$10,782▲ $3,383
Total Liabilities$90,732$510,782▲ $420,050
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,256,744$4,720,477▲ $1,463,733
Total Net Assets Fund Balance$3,256,744$4,720,477▲ $1,463,733
Total Liabilities and Net Assets / Fund Balance$3,347,476$5,231,259▲ $1,883,783

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,911,055$837,697$5,748,752
Equipment$67,713$130,292$198,005
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sean FisherChairman
Keith LedbetterPresident/CEO
Jeff CampbellTrustee
Justin OcwiejaTrustee
Kurt DunhamTrustee
Tad MartinTrustee
Andy BarnumSecretary
James StrubleTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Assoc Builders & Contractors Of Se MiStaffing Services31800 SHERMAN AVE, Madison Heights, MI 48071$540,000
Revenue and Support

Revenue Composition

Contributions and Grants
$1,500,000
Program Service Revenue
$1,514,149
Investment Income
$0
Other Revenue
$6,325
Change in Net Assets
$1,463,733

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,020,474
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,020,474
Total Revenue per Form 990
$3,020,474
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,172,241
Salaries, Compensation, and Employee Benefits$383,800
Grants and Similar Amounts Paid$700
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$354,385--$354,385
Occupancy$172,415$47,937-$220,352
Depreciation Depletion$108,224$30,014-$138,238
Office Expenses$122,747$556-$123,303
Other Expenses$28,941$8,320-$37,261
Payroll Taxes$29,415--$29,415
Fees for Services Accounting-$14,825-$14,825
Fees for Services Legal-$14,107-$14,107
Interest$11,721--$11,721
Insurance$6,657$1,846-$8,503
Fees for Services Other$4,659--$4,659
All Other Expenses$460$1,190-$1,650
Grants to Domestic Individuals$700--$700
Total Functional Expenses$1,435,532$121,209$0$1,556,741

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,556,741
Total Expenses per Audited Statements$1,556,741
Total Expenses per Form 990$1,556,741
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Line of Credit$500,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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 A, Line 7A

Trustees of cet shall have one vote on any matter that comes before the trust. Trustees shall serve a one year appointment commencing upon july 1 of the calendar year and may be reappointed. The board of trustees shall elect officers with the title of chairperson, vice chairperson, secretary and treasurer. These positions shall be fulfilled from the body of the board of trustees.

Form 990, Part VI, Section B, Line 11B

A copy of the tax return is reviewed at the monthly board meeting before it is filed.

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

In any matter where there might be a conflict between the interests of the volunteer leader and cet, the volunteer leader should disclose this possible conflict to the group on which he/she serves and recuse him/herself from voting on such matters. Should any person, volunteer or staff, serving on such a group be aware of a potential conflict of interest that a volunteer leader fails to disclose, he/she must raise issue to the attention of the entire group.

Form 990, Part VI, Section C, Line 19

A copy is available on a desk in the front office.

Filing and Contact Details

Filer

Filer Name
Construction Education Trust
EIN
38-6624867
Phone
2482983600
Address
31800 SHERMAN AVENUE, MADISON HEIGHTS, MI 48071
Doing Business As
Semca- Southeastern Michigan Construction Academy

Signing Officer

Name
Keith Ledbetter
Title
President/CEO
Phone
2482983600
Signed
2025-02-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tad Martin
Formed
1994
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
7
Employees
46
Volunteers
6

Preparer

Firm
Baker Tilly Advisory Group Lp
Address
790 N WATER ST SUITE 2000, MILWAUKEE, WI 53202
Preparer
Troy Marine CPA
Phone
4147775500
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from income tax on net income from member activities under section 501(c)(3) of the u.s. Internal revenue code. There was no unrelated business income tax liability for the years ending june 30, 2024 and 2023. The accounting standards on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Examples of tax positions taken include the tax-exempt status of the organization's various positions related to potential sources of unrelated business taxable income. The management of the organization believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements.

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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/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1ABC LEASE
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IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
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IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt09878827
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990/ScheduleBRequiredInd01
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IRS990ScheduleD/EquipmentGrp/BookValueAmt067713
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LINE OF CREDIT
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03020474
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM INCOME TAX ON NET INCOME FROM MEMBER ACTIVITIES UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE. THERE WAS NO UNRELATED BUSINESS INCOME TAX LIABILITY FOR THE YEARS ENDING JUNE 30, 2024 AND 2023. THE ACCOUNTING STANDARDS ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. EXAMPLES OF TAX POSITIONS TAKEN INCLUDE THE TAX-EXEMPT STATUS OF THE ORGANIZATION'S VARIOUS POSITIONS RELATED TO POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. THE MANAGEMENT OF THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KEITH LEDBETTER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
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IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE PRESIDENT/CEO IS COMPENSATED BY ASSOC BUILDERS & CONTRACTORS OF SE MICHIGAN (ABCSEMI), A RELATED ORGANIZATION. ABCSEMI USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION OF THE CEO: - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3:
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TRUSTEES OF CET SHALL HAVE ONE VOTE ON ANY MATTER THAT COMES BEFORE THE TRUST. TRUSTEES SHALL SERVE A ONE YEAR APPOINTMENT COMMENCING UPON JULY 1 OF THE CALENDAR YEAR AND MAY BE REAPPOINTED. THE BOARD OF TRUSTEES SHALL ELECT OFFICERS WITH THE TITLE OF CHAIRPERSON, VICE CHAIRPERSON, SECRETARY AND TREASURER. THESE POSITIONS SHALL BE FULFILLED FROM THE BODY OF THE BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE TAX RETURN IS REVIEWED AT THE MONTHLY BOARD MEETING BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IN ANY MATTER WHERE THERE MIGHT BE A CONFLICT BETWEEN THE INTERESTS OF THE VOLUNTEER LEADER AND CET, THE VOLUNTEER LEADER SHOULD DISCLOSE THIS POSSIBLE CONFLICT TO THE GROUP ON WHICH HE/SHE SERVES AND RECUSE HIM/HERSELF FROM VOTING ON SUCH MATTERS. SHOULD ANY PERSON, VOLUNTEER OR STAFF, SERVING ON SUCH A GROUP BE AWARE OF A POTENTIAL CONFLICT OF INTEREST THAT A VOLUNTEER LEADER FAILS TO DISCLOSE, HE/SHE MUST RAISE ISSUE TO THE ATTENTION OF THE ENTIRE GROUP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY IS AVAILABLE ON A DESK IN THE FRONT OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ASSOCIATED BUILDERS AND CONTRACTORS OF SOUTHEASTERN MI INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0382400995
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TRADE ASSOCIATION TO ADVANCE MERIT SHOP CONSTRUCTION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt031800 SHERMAN AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MADISON HEIGHTS
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd048071
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.23$0.51$4.72$3.02$1.56$1.46
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.35$0.09$3.26$2.85$1.43$1.42
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.92$0.08$1.84$1.69$1.36$0.33
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.63$0.11$1.51$1.18$1.09$0.09
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.59$0.16$1.43$1.15$1.02$0.12
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.48$0.17$1.31$1.30$1.14$0.17
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.61$0.49$1.12$1.26$1.07$0.19
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.56$0.63$0.93$1.27$0.70$0.57
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.38$1.02$0.36$0.80$0.59$0.21
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.29$1.14$0.15$0.90$0.56$0.34
2014Detailed filing. Detailed filing data is available for this year.$1.31$1.49$0.19$0.53$0.44$0.09
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.21$1.48$0.27$0.40$0.45$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.25$1.48$0.22$0.44
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2024 filings • 501(c)3 • $5M-$10M nonprofits