Civic Intelligence

Des Moines Electrical Apprenticeship Training Trust

990 • Fiscal year 2022 • EIN 46-2895898

Jun 01, 2021 to May 31, 2022 • Filed on Oct 22, 2022

Organization Profilewww.dmelejatc.org
10700 Justin DriveUrbandale, IA 50322

(515) 224-4349

Siviq Scores

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

Liabilities / Assets

11th percentile

0.00x

Higher debt load relative to assets than 11% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

12th percentile

0.02x

Higher debt load relative to revenue than 12% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

84th percentile

39%

Higher net margin than 84% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

36th percentile

$139,704

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

66th percentile

7.4%

Faster asset growth than 66% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

33rd percentile

-5.0%

Faster revenue growth than 33% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets11th percentile

Assets

Up

$13,772,379

Up $954,239 (+7.4%) from 2021

Net Assets

Up

$13,711,094

Up $919,906 (+7.2%) from 2021

Liabilities

Up

$61,285

Up $34,333 (+127%) from 2021

Revenue And Expenses
Liabilities / Revenue12th percentileNet Margin84th percentile

Revenue

Down

$2,918,913

Down $154,324 (-5.0%) from 2021

Expenses

Up

$1,778,877

Up $96,281 (+5.7%) from 2021

Net Income

Down

$1,140,036

Down $250,605 (-18%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth66th percentile

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

$20M$15M$10M$5.0M$0Assets 2014: $1,295,705Liabilities 2014: $0Net Assets 2014: $1,295,7052014Assets 2015: $2,832,468Liabilities 2015: $9,544Net Assets 2015: $2,822,9242015Assets 2016: $3,578,422Liabilities 2016: $13,766Net Assets 2016: $3,564,6562016Assets 2017: $5,009,268Liabilities 2017: $82,917Net Assets 2017: $4,926,3512017Assets 2018: $8,694,502Liabilities 2018: $831,272Net Assets 2018: $7,863,2302018Assets 2019: $10,518,558Liabilities 2019: $23,656Net Assets 2019: $10,494,9022019Assets 2020: $11,382,341Liabilities 2020: $24,972Net Assets 2020: $11,357,3692020Assets 2021: $12,818,140Liabilities 2021: $26,952Net Assets 2021: $12,791,1882021Assets 2022: $13,772,379Liabilities 2022: $61,285Net Assets 2022: $13,711,0942022Assets 2023: $15,188,746Liabilities 2023: $63,556Net Assets 2023: $15,125,1902023Assets 2024: $16,991,533Liabilities 2024: $66,075Net Assets 2024: $16,925,4582024Assets 2025: $18,420,617Liabilities 2025: $73,818Net Assets 2025: $18,346,7992025

Highlighted filing

2022

Assets$13,772,379
Liabilities$61,285
Net Assets$13,711,094
Open 2022 Filing

Operations Trend

Revenue Growth33rd percentile

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

$6.0M$4.0M$2.0M$0Revenue 2014: $1,295,792Expenses 2014: $87Net Income 2014: $1,295,7052014Revenue 2015: $2,477,585Expenses 2015: $950,328Net Income 2015: $1,527,2572015Revenue 2016: $1,706,785Expenses 2016: $964,004Net Income 2016: $742,7812016Revenue 2017: $2,445,457Expenses 2017: $1,091,430Net Income 2017: $1,354,0272017Revenue 2018: $4,280,381Expenses 2018: $1,333,747Net Income 2018: $2,946,6342018Revenue 2019: $4,166,037Expenses 2019: $1,553,616Net Income 2019: $2,612,4212019Revenue 2020: $2,278,112Expenses 2020: $1,509,851Net Income 2020: $768,2612020Revenue 2021: $3,073,237Expenses 2021: $1,682,596Net Income 2021: $1,390,6412021Revenue 2022: $2,918,913Expenses 2022: $1,778,877Net Income 2022: $1,140,0362022Revenue 2023: $3,283,120Expenses 2023: $1,800,213Net Income 2023: $1,482,9072023Revenue 2024: $3,711,736Expenses 2024: $2,079,444Net Income 2024: $1,632,2922024Revenue 2025: $3,675,292Expenses 2025: $2,339,751Net Income 2025: $1,335,5412025

Highlighted filing

2022

Revenue$2,918,913
Expenses$1,778,877
Net Income$1,140,036
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2021 to May 31, 2022
Signed
Oct 22, 2022
Return Version
2021v4.0
Gross Receipts
$3,193,189
Mission and Program Overview

Mission

The Trust's mission is to educate the members of the International Brotherhood of Electrical Workers and National Electrical Contractors Association; insuring and providing the electrical industry with the most professionally trained and highly skilled workforce possible.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,778,399$6,366,550▲ $588,151
Savings and Temporary Cash Investments$1,638,607$2,697,873▲ $1,059,266
Investments in Publicly Traded Securities$257,312$378,300▲ $120,988
Cash and Non-Interest-Bearing Accounts$466,592$333,797▼ $132,795
Pledges and Grants Receivable-$225,578-
Accounts Receivable$273,401$210,382▼ $63,019
Prepaid Expenses and Deferred Charges$24,919$24,367▼ $552
Inventories for Sale or Use$6,638$10,053▲ $3,415
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Total Assets$12,818,140$13,772,379▲ $954,239
Other Assets Total$4,372,272$3,525,479▼ $846,793
Liabilities
Accounts Payable and Accrued Expenses$26,952$61,285▲ $34,333
Total Liabilities$26,952$61,285▲ $34,333
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$12,791,188$13,711,094▲ $919,906
Total Net Assets Fund Balance$12,791,188$13,711,094▲ $919,906
Total Liabilities and Net Assets / Fund Balance$12,818,140$13,772,379▲ $954,239

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$4,050,980$424,779$4,475,759
Buildings$1,259,382$157,421$1,416,803
Equipment$299,139$436,530$735,669
Land$722,799-$722,799
Other Land Buildings$34,250$271,377$305,627
Other Assets Org$8,647--
Compensation and Service Providers
Top Officer Pay36th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Steve HansenTraining DirectorFT$101,801$37,903$139,704

Board Members and Trustees

NameTitle
Michael DuffyChairman
Chad LoweVice Chairman
Doug GoforthTrustee
Joe PoreppTrustee
Scott FarnsworthTrustee
Scott GardnerTrustee
Terry PohlmanTrustee
Timothy GeraldTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$263,374
Program Service Revenue
$2,581,754
Investment Income
$53,593
Other Revenue
$20,192
All Other Contributions
$37,796
Change in Net Assets
$1,140,036

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$34,764Retail Value
Other Non Cash Contri Table1$3,032Retail Value
Total Noncash Contributions2$37,796-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,918,913
Revenue Not Reported on Form 990
$-220,130
Total Revenue per Audited Statements
$2,698,783
Total Revenue per Form 990
$2,918,913
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,105,795
Other Expenses$673,082
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$495,306$144,402-$639,708
Depreciation Depletion$276,955$43,947-$320,902
Other Employee Benefits$116,413$49,892-$166,305
Pension Plan Contributions$114,139$22,591-$136,730
Current Officers, Directors, Trustees, and Key Employees$26,276$78,829-$105,105
Payroll Taxes$40,579$17,368-$57,947
Occupancy$37,488$9,371-$46,859
Office Expenses$28,881$7,221-$36,102
Insurance$27,133$6,783-$33,916
All Other Expenses$15,681$11,175-$26,856
Fees for Services Accounting-$23,390-$23,390
Information Technology$16,231$4,057-$20,288
Travel$8,263$526-$8,789
Advertising$8,017$637-$8,654
Other Expenses$8,066$13,821-$8,066
Fees for Services Legal-$5,759-$5,759
Conferences and Meetings$306$76-$382
Total Functional Expenses$1,339,032$439,845$0$1,778,877

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,778,877
Total Expenses per Audited Statements$1,778,877
Total Expenses per Form 990$1,778,877
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
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
Yes
Other officer compensation reviewed
Yes
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

“A copy of the Form 990 is provided to the Trustees responsible for oversight of the Trust via email. The Trustees review and approve the Form 990 prior to its filing.”

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

“All trust officers, directors, trustees, and employees are required to disclose any and all possible conflicts by signing a conflict of interest policy on an annual basis. The signed conflict of interest policy statements are reviewed by the director of training.”

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

“Salary for the trust's director of training is set by the trustees. The director's annual salary is voted on by the trustees and communicated to the director of training.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“The instructors of the trust are paid a salary based on a predetermined salary format and schedule that awards compensation based on years of service and completion of required training and education. The salary schedule and format was approved by the board of trustees.”

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

“All Trust documents subject to public inspection are available upon request at the Trust's address: 10700 Justin Drive, Urbandale, IA 50322”

Filing and Contact Details

Filer

Filer Name
Des Moines Electrical Apprenticeship
EIN
46-2895898
Phone
5152244349
Address
10700 JUSTIN DRIVE, URBANDALE, IA 50322

Signing Officer

Name
Steve Hansen
Title
Director
Signed
2022-10-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Duffy
Formed
2013
Legal Domicile
Ia
Voting Board Members
8
Independent Board Members
8
Employees
10
Volunteers
8

Preparer

Firm
Tarbell & Co Plc
Address
1466 28TH STREET SUITE 100, WEST DES MOINES, IA 50266
Preparer
David Wall CPA
Phone
5152820200
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The trust is a nonprofit organization as described in section 501(c)(3) of the internal revenue code and is exempt from federal and state income taxes pursuant to an irs determination letter dated june 6, 2013. In addition, the trust has not been determined to be a private foundation within the meaning of section 509(a) of the internal revenue code.”

Raw XML AppendixShowing 400 of 501 raw XML fields

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IRS990/InsuranceGrp/ManagementAndGeneralAmt06783
IRS990/InsuranceGrp/ProgramServicesAmt027133
IRS990/InsuranceGrp/TotalAmt033916
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt06638
IRS990/InventoriesForSaleOrUseGrp/EOYAmt010053
IRS990/InvestmentIncomeGrp/ExclusionAmt053593
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt053593
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IRS990/InvestmentsPubTradedSecGrp/EOYAmt0378300
IRS990/IRPDocumentCnt09
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt05778399
IRS990/LandBldgEquipBasisNetGrp/EOYAmt06366550
IRS990/LandBldgEquipCostOrOtherBssAmt07656657
IRS990/LegalDomicileStateCd0IA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0The Trust's mission is to educate the members of the International Brotherhood of Electrical Workers and National Electrical Contractors Association; insuring and providing the electrical industry with the most professionally trained and highly skilled workforce possible.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt012791188
IRS990/NetAssetsOrFundBalancesEOYAmt013711094
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0-28926
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-28926
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-220130
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt012791188
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt013711094
IRS990/NoncashContributionsAmt037796
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt09371
IRS990/OccupancyGrp/ProgramServicesAmt037488
IRS990/OccupancyGrp/TotalAmt046859
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07221
IRS990/OfficeExpensesGrp/ProgramServicesAmt028881
IRS990/OfficeExpensesGrp/TotalAmt036102
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04372272
IRS990/OtherAssetsTotalGrp/EOYAmt03525479
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt049892
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0116413
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0166305
IRS990/OtherExpensesGrp/Desc0REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1APPRENTICE TRAINING
IRS990/OtherExpensesGrp/Desc2INSTRUCTOR TRAINING
IRS990/OtherExpensesGrp/Desc3MATERIAL & EXAM FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt013821
IRS990/OtherExpensesGrp/ProgramServicesAmt055281
IRS990/OtherExpensesGrp/ProgramServicesAmt152062
IRS990/OtherExpensesGrp/ProgramServicesAmt211955
IRS990/OtherExpensesGrp/ProgramServicesAmt38066
IRS990/OtherExpensesGrp/TotalAmt069102
IRS990/OtherExpensesGrp/TotalAmt152062
IRS990/OtherExpensesGrp/TotalAmt211955
IRS990/OtherExpensesGrp/TotalAmt38066
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt049118
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt049118
IRS990/OtherRevenueTotalAmt049118
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0144402
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0495306
IRS990/OtherSalariesAndWagesGrp/TotalAmt0639708
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt017368
IRS990/PayrollTaxesGrp/ProgramServicesAmt040579
IRS990/PayrollTaxesGrp/TotalAmt057947
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt022591
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0114139
IRS990/PensionPlanContributionsGrp/TotalAmt0136730
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0225578
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt024919
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt024367
IRS990/PrincipalOfficerNm0MICHAEL DUFFY
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0TRAINING SUPPORT & FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02581754
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02581754
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0429854
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt082402
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0615883
IRS990/PYOtherRevenueAmt033615
IRS990/PYProgramServiceRevenueAmt02527366
IRS990/PYRevenuesLessExpensesAmt01390641
IRS990/PYSalariesCompEmpBnftPaidAmt01066713
IRS990/PYTotalExpensesAmt01682596
IRS990/PYTotalRevenueAmt03073237
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01140036
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02601946
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01638607
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02697873
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/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt01259382
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0157421
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01416803
IRS990ScheduleD/EquipmentGrp/BookValueAmt0299139
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0436530
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0735669
IRS990ScheduleD/ExpensesSubtotalAmt01778877
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0722799
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0722799
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt04050980
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0424779
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt04475759
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-220130
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt08647
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0INTEREST RECEIVABLE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt034250
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0271377
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0305627
IRS990ScheduleD/RevenueNotReportedAmt0-220130
IRS990ScheduleD/RevenueSubtotalAmt02918913
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE TRUST IS A NONPROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES PURSUANT TO AN IRS DETERMINATION LETTER DATED JUNE 6, 2013. IN ADDITION, THE TRUST HAS NOT BEEN DETERMINED TO BE A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06366550
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03525479
IRS990ScheduleD/TotalExpensesPerForm990Amt01778877
IRS990ScheduleD/TotalRevenuePerForm990Amt02918913
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02698783
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01778877
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/ExplanationTxt0THE TRUST'S NONDISCRIMINATORY POLICY IS PRINTED ON ALL APPLICATION REQUEST FORMS.
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
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt11
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0EQUIPMENT
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1SUPPLIES
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0RETAIL VALUE
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt1RETAIL VALUE
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,772,379
Liabilities
$61,285
Net assets
$13,711,094
Revenue
$2,918,913
Expenses
$1,778,877
Net income
$1,140,036
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$18.4$0.07$18.3$3.68$2.34$1.34
2024Detailed filing. Detailed filing data is available for this year.$17.0$0.07$16.9$3.71$2.08$1.63
2023Detailed filing. Detailed filing data is available for this year.$15.2$0.06$15.1$3.28$1.80$1.48
2022Detailed filing. Detailed filing data is available for this year.$13.8$0.06$13.7$2.92$1.78$1.14
2021Detailed filing. Detailed filing data is available for this year.$12.8$0.03$12.8$3.07$1.68$1.39
2020Detailed filing. Detailed filing data is available for this year.$11.4$0.02$11.4$2.28$1.51$0.77
2019Detailed filing. Detailed filing data is available for this year.$10.5$0.02$10.5$4.17$1.55$2.61
2018Detailed filing. Detailed filing data is available for this year.$8.69$0.83$7.86$4.28$1.33$2.95
2017Detailed filing. Detailed filing data is available for this year.$5.01$0.08$4.93$2.45$1.09$1.35
2016Detailed filing. Detailed filing data is available for this year.$3.58$0.01$3.56$1.71$0.96$0.74
2015Detailed filing. Detailed filing data is available for this year.$2.83$0.01$2.82$2.48$0.95$1.53
2014Detailed filing. Detailed filing data is available for this year.$1.30$0.00$1.30$1.30$0.00$1.30