Civic Intelligence

Cedar Rapids Electrical Apprenticeship Training and Educational Trust

990 • Fiscal year 2018 • EIN 42-6603775

Jun 01, 2017 to May 31, 2018 • Filed on Jan 11, 2019

2300 Johnson Avenue NWCedar Rapids, IA 52405

(319) 654-9238

Siviq Scores

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

Liabilities / Assets

59th percentile

0.16x

Higher debt load relative to assets than 59% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

74th percentile

0.36x

Higher debt load relative to revenue than 74% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

71st percentile

14%

Higher net margin than 71% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

60th percentile

4.1%

Faster asset growth than 60% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

45th percentile

2.0%

Faster revenue growth than 45% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$2,423,460

Up $95,316 (+4.1%) from 2017

Net Assets

Up

$2,044,453

Up $141,016 (+7.4%) from 2017

Liabilities

Down

$379,007

Down $45,700 (-11%) from 2017

Revenue

Up

$1,040,712

Up $20,481 (+2.0%) from 2017

Expenses

Up

$899,696

Up $53,696 (+6.3%) from 2017

Net Income

Down

$141,016

Down $33,215 (-19%) from 2017

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,330,324Liabilities 2011: $31,352Net Assets 2011: $1,298,9722011Assets 2012: $2,343,176Liabilities 2012: $885,077Net Assets 2012: $1,458,0992012Assets 2013: $2,267,378Liabilities 2013: $793,477Net Assets 2013: $1,473,9012013Assets 2014: $2,260,617Liabilities 2014: $781,210Net Assets 2014: $1,479,4072014Assets 2015: $2,334,801Liabilities 2015: $749,495Net Assets 2015: $1,585,3062015Assets 2016: $2,188,283Liabilities 2016: $459,077Net Assets 2016: $1,729,2062016Assets 2017: $2,328,144Liabilities 2017: $424,707Net Assets 2017: $1,903,4372017Assets 2018: $2,423,460Liabilities 2018: $379,007Net Assets 2018: $2,044,4532018Assets 2019: $2,286,368Liabilities 2019: $69,167Net Assets 2019: $2,217,2012019Assets 2020: $2,508,228Liabilities 2020: $145,176Net Assets 2020: $2,363,0522020Assets 2021: $2,747,719Liabilities 2021: $9,438Net Assets 2021: $2,738,2812021Assets 2022: $2,818,153Liabilities 2022: $6,510Net Assets 2022: $2,811,6432022Assets 2023: $3,027,610Liabilities 2023: $5,384Net Assets 2023: $3,022,2262023Assets 2024: $3,400,034Liabilities 2024: $413Net Assets 2024: $3,399,6212024Assets 2025: $3,645,185Liabilities 2025: $0Net Assets 2025: $3,645,1852025

Highlighted filing

2018

Assets$2,423,460
Liabilities$379,007
Net Assets$2,044,453

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0Revenue 2011: $687,862Expenses 2011: $565,671Net Income 2011: $122,1912011Revenue 2012: $755,247Expenses 2012: $596,120Net Income 2012: $159,1272012Revenue 2013: $666,651Expenses 2013: $650,849Net Income 2013: $15,8022013Revenue 2014: $668,135Expenses 2014: $662,629Net Income 2014: $5,5062014Revenue 2015: $892,070Expenses 2015: $786,171Net Income 2015: $105,8992015Revenue 2016: $941,861Expenses 2016: $797,961Net Income 2016: $143,9002016Revenue 2017: $1,020,231Expenses 2017: $846,000Net Income 2017: $174,2312017Revenue 2018: $1,040,712Expenses 2018: $899,696Net Income 2018: $141,0162018Revenue 2019: $1,058,214Expenses 2019: $885,468Net Income 2019: $172,7462019Revenue 2020: $1,125,027Expenses 2020: $979,180Net Income 2020: $145,8472020Revenue 2021: $1,394,767Expenses 2021: $1,019,538Net Income 2021: $375,2292021Revenue 2022: $1,136,825Expenses 2022: $1,063,463Net Income 2022: $73,3622022Revenue 2023: $1,252,597Expenses 2023: $1,042,014Net Income 2023: $210,5832023Revenue 2024: $1,569,134Expenses 2024: $1,191,739Net Income 2024: $377,3952024Revenue 2025: $1,661,275Expenses 2025: $1,415,711Net Income 2025: $245,5642025

Highlighted filing

2018

Revenue$1,040,712
Expenses$899,696
Net Income$141,016
Jump To
Filing Snapshot
Filing Period
Jun 1, 2017 to May 31, 2018
Signed
Jan 11, 2019
Return Version
2017v2.2
Gross Receipts
$1,040,712
Mission and Program Overview

Mission

To provide training and education for apprentices & journeymen electricians in eastern iowa.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,602,923$1,600,088▼ $2,835
Cash and Non-Interest-Bearing Accounts$571,611$667,068▲ $95,457
Savings and Temporary Cash Investments$153,610$156,304▲ $2,694
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$2,328,144$2,423,460▲ $95,316
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$424,707$379,007▼ $45,700
Total Liabilities$424,707$379,007▼ $45,700
Net Assets / Fund Balance
Unrestricted Net Assets$1,903,437$2,044,453▲ $141,016
Total Net Assets Fund Balance$1,903,437$2,044,453▲ $141,016
Total Liabilities and Net Assets / Fund Balance$2,328,144$2,423,460▲ $95,316

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,415,279$432,498$1,847,777
Equipment$110,958$127,333$238,291
Land$62,370-$62,370
Other Land Buildings$11,481-$11,481
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mike CarsonDirectorFT$82,056$82,056

Board Members and Trustees

NameTitle
Glen HenryTrustee
Jake IsbellTrustee
Jeff CoolingTrustee
Matt ResorTrustee
Matt ShaverTrustee
Rich GoodTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$735,534
Program Service Revenue
$103,914
Investment Income
$5,450
Other Revenue
$195,814
All Other Contributions
$735,534
Change in Net Assets
$141,016

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,040,712
Total Revenue per Audited Statements
$1,040,712
Total Revenue per Form 990
$1,040,712
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$568,291
Other Expenses$331,405
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$277,145$33,362-$310,507
Other Employee Benefits$73,610$24,537-$98,147
Current Officers, Directors, Trustees, and Key Employees$41,028$41,028-$82,056
Depreciation Depletion$72,878$5,485-$78,363
Pension Plan Contributions$36,255$12,085-$48,340
Fees for Services Legal-$30,350-$30,350
Payroll Taxes$20,950$8,291-$29,241
Occupancy$19,384$4,273-$23,657
Insurance$9,385$12,189-$21,574
Interest$16,079$846-$16,925
Office Expenses$4,502$5,969-$10,471
Other Expenses$6,833$3,770-$6,833
All Other Expenses$1,200$3,474-$4,674
Travel-$1,835-$1,835
Advertising-$1,781-$1,781
Total Functional Expenses$697,562$202,134$0$899,696

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$899,696
Total Expenses per Audited Statements$899,696
Total Expenses per Form 990$899,696
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
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, Line 11B: Form 990 Review Process

The training director reviews the 990 before it is filed.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Employee's are required to disclose conflicts of interest.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The trustees review and determine director's compensation.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Cedar Rapids Electrical Apprenticeship
EIN
42-6603775
Phone
3196549238
Address
2300 JOHNSON AVENUE NW, CEDAR RAPIDS, IA 52405

Signing Officer

Name
Mike Carson
Title
Director
Signed
2019-01-11
Discuss with paid preparer
Yes

Organization Details

Formed
2000
Legal Domicile
Ia
Voting Board Members
6
Independent Board Members
6
Employees
8

Preparer

Firm
Management Consultants Co
Address
240 Wiley Blvd SW Suite B, Cedar Rapids, IA 52404
Preparer
Terry Pizinger
Phone
3193902047
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt033362
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0277145
IRS990/OtherSalariesAndWagesGrp/TotalAmt0310507
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08291
IRS990/PayrollTaxesGrp/ProgramServicesAmt020950
IRS990/PayrollTaxesGrp/TotalAmt029241
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt012085
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt036255
IRS990/PensionPlanContributionsGrp/TotalAmt048340
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0IA ECONOMIC DEV AUTHORITY
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0103914
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0103914
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0818820
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt02318
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0325029
IRS990/PYOtherRevenueAmt0152337
IRS990/PYProgramServiceRevenueAmt046756
IRS990/PYRevenuesLessExpensesAmt0174231
IRS990/PYSalariesCompEmpBnftPaidAmt0520971
IRS990/PYTotalExpensesAmt0846000
IRS990/PYTotalRevenueAmt01020231
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0141016
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0153610
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0156304
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01415279
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0432498
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01847777
IRS990ScheduleD/EquipmentGrp/BookValueAmt0110958
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0127333
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0238291
IRS990ScheduleD/ExpensesSubtotalAmt0899696
IRS990ScheduleD/LandGrp/BookValueAmt062370
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt062370
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt011481
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt011481
IRS990ScheduleD/RevenueSubtotalAmt01040712
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01600088
IRS990ScheduleD/TotalExpensesPerForm990Amt0899696
IRS990ScheduleD/TotalRevenuePerForm990Amt01040712
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01040712
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0899696
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TRAINING DIRECTOR REVIEWS THE 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EMPLOYEE'S ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE TRUSTEES REVIEW AND DETERMINE DIRECTOR'S COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02328144
IRS990/TotalAssetsEOYAmt02423460
IRS990/TotalAssetsGrp/BOYAmt02328144
IRS990/TotalAssetsGrp/EOYAmt02423460
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0735534
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0202134
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0697562
IRS990/TotalFunctionalExpensesGrp/TotalAmt0899696
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0424707
IRS990/TotalLiabilitiesEOYAmt0379007
IRS990/TotalLiabilitiesGrp/BOYAmt0424707
IRS990/TotalLiabilitiesGrp/EOYAmt0379007
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01903437
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02044453
IRS990/TotalProgramServiceExpensesAmt0697051
IRS990/TotalProgramServiceRevenueAmt0103914
IRS990/TotalReportableCompFromOrgAmt082056
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0305178
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01040712
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02328144
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02423460
IRS990/TravelGrp/ManagementAndGeneralAmt01835
IRS990/TravelGrp/TotalAmt01835
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01903437
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02044453
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.65$0.00$3.65$1.66$1.42$0.25
2024Detailed filing. Detailed filing data is available for this year.$3.40$0.00$3.40$1.57$1.19$0.38
2023Detailed filing. Detailed filing data is available for this year.$3.03$0.01$3.02$1.25$1.04$0.21
2022Detailed filing. Detailed filing data is available for this year.$2.82$0.01$2.81$1.14$1.06$0.07
2021Detailed filing. Detailed filing data is available for this year.$2.75$0.01$2.74$1.39$1.02$0.38
2020Detailed filing. Detailed filing data is available for this year.$2.51$0.15$2.36$1.13$0.98$0.15
2019Detailed filing. Detailed filing data is available for this year.$2.29$0.07$2.22$1.06$0.89$0.17
2018Detailed filing. Detailed filing data is available for this year.$2.42$0.38$2.04$1.04$0.90$0.14
2017Detailed filing. Detailed filing data is available for this year.$2.33$0.42$1.90$1.02$0.85$0.17
2016Detailed filing. Detailed filing data is available for this year.$2.19$0.46$1.73$0.94$0.80$0.14
2015Detailed filing. Detailed filing data is available for this year.$2.33$0.75$1.59$0.89$0.79$0.11
2014Detailed filing. Detailed filing data is available for this year.$2.26$0.78$1.48$0.67$0.66$0.01
2013Summary only. Only limited summary data is available for this year.$2.27$0.79$1.47$0.67$0.65$0.02
2012Summary only. Only limited summary data is available for this year.$2.34$0.89$1.46$0.76$0.60$0.16
2011Summary only. Only limited summary data is available for this year.$1.33$0.03$1.30$0.69$0.57$0.12