Civic Intelligence

Des Moines Electrical Apprenticeship Training Trust

990 • Fiscal year 2017 • EIN 46-2895898

Jun 01, 2016 to May 31, 2017 • Filed on Oct 18, 2017

Organization Profilewww.dmelejatc.org
1948 NW 92nd CourtClive, IA 50325

(515) 224-4349

Siviq Scores

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

Liabilities / Assets

20th percentile

0.02x

Higher debt load relative to assets than 20% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

18th percentile

0.03x

Higher debt load relative to revenue than 18% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

92nd percentile

55%

Higher net margin than 92% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

44th percentile

$108,366

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

90th percentile

40%

Faster asset growth than 90% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

85th percentile

43%

Faster revenue growth than 85% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets20th percentile

Assets

Up

$5,009,268

Up $1,430,846 (+40%) from 2016

Net Assets

Up

$4,926,351

Up $1,361,695 (+38%) from 2016

Liabilities

Up

$82,917

Up $69,151 (+502%) from 2016

Revenue And Expenses
Liabilities / Revenue18th percentileNet Margin92nd percentile

Revenue

Up

$2,445,457

Up $738,672 (+43%) from 2016

Expenses

Up

$1,091,430

Up $127,426 (+13%) from 2016

Net Income

Up

$1,354,027

Up $611,246 (+82%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth90th 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

2017

Assets$5,009,268
Liabilities$82,917
Net Assets$4,926,351
Open 2017 Filing

Operations Trend

Revenue Growth85th 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

2017

Revenue$2,445,457
Expenses$1,091,430
Net Income$1,354,027
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2016 to May 31, 2017
Signed
Oct 18, 2017
Return Version
2016v3.0
Gross Receipts
$2,608,701
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$520,374$2,750,275▲ $2,229,901
Savings and Temporary Cash Investments$1,599,650$750,148▼ $849,502
Cash and Non-Interest-Bearing Accounts$291,788$202,518▼ $89,270
Accounts Receivable$243,671$141,925▼ $101,746
Pledges and Grants Receivable-$134,708-
Prepaid Expenses and Deferred Charges$14,878$20,810▲ $5,932
Inventories for Sale or Use$2,727$1,881▼ $846
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-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Total Assets$3,578,422$5,009,268▲ $1,430,846
Other Assets Total$905,334$1,007,003▲ $101,669
Liabilities
Accounts Payable and Accrued Expenses$13,766$82,917▲ $69,151
Total Liabilities$13,766$82,917▲ $69,151
Net Assets / Fund Balance
Unrestricted Net Assets$3,564,656$4,926,351▲ $1,361,695
Total Net Assets Fund Balance$3,564,656$4,926,351▲ $1,361,695
Total Liabilities and Net Assets / Fund Balance$3,578,422$5,009,268▲ $1,430,846

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,816,738$23,325$1,840,063
Land$866,000-$866,000
Equipment$61,255$56,493$117,748
Other Land Buildings$6,282$698$6,980
Other Assets Org$3,006--
Compensation and Service Providers
Top Officer Pay44th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Steve HansenDirectorFT$82,830$25,536$108,366

Board Members and Trustees

NameTitle
David ButlerTrust Chairman
Brian KerkoveTrustee
Chad LoweTrustee
Dennis VosTrustee
Doug GoforthTrustee
Jim DavisTrustee
Scott FarnsworthTrustee
Terry PohlmanTrustee
Kelly ReamesSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$176,810
Program Service Revenue
$2,232,399
Investment Income
$14,924
Other Revenue
$21,324
Change in Net Assets
$1,354,027

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,445,457
Revenue Not Reported on Form 990
$7,668
Total Revenue per Audited Statements
$2,453,125
Total Revenue per Form 990
$2,445,457
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$789,137
Other Expenses$302,293
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$341,258$118,021-$459,279
Other Employee Benefits$46,870$62,129-$108,999
Pension Plan Contributions$88,616$5,327-$93,943
Current Officers, Directors, Trustees, and Key Employees$21,512$64,536-$86,048
Payroll Taxes$27,187$13,681-$40,868
Occupancy$32,540$8,134-$40,674
Fees for Services Legal-$33,683-$33,683
Depreciation Depletion$19,534$12,507-$32,041
Office Expenses$24,393$6,098-$30,491
Insurance$14,852$3,714-$18,566
Fees for Services Accounting-$17,469-$17,469
Information Technology$7,072$1,768-$8,840
Travel$8,333$473-$8,806
Advertising$6,965--$6,965
All Other Expenses$3,523$3,211-$6,734
Other Expenses$3,293$5,504-$3,293
Conferences and Meetings$1,320$330-$1,650
Total Functional Expenses$731,858$359,572$0$1,091,430

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,091,430
Total Expenses per Audited Statements$1,091,430
Total Expenses per Form 990$1,091,430
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 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: 1948 NW 92nd Court, Clive, IA 50325”

Filing and Contact Details

Filer

Filer Name
Des Moines Electrical Apprenticeship
EIN
46-2895898
Phone
5152244349
Address
1948 NW 92ND COURT, CLIVE, IA 50325

Signing Officer

Name
Steve Hansen
Title
Director
Signed
2017-10-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Butler
Formed
2013
Legal Domicile
Ia
Voting Board Members
8
Independent Board Members
8
Employees
10
Volunteers
8

Preparer

Firm
Tarbell & Co PLC
Address
2130 Grand Avenue, Des Moines, IA 50312-5302
Preparer
Tim Tarbell 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.”

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IRS990/InsuranceGrp/ManagementAndGeneralAmt03714
IRS990/InsuranceGrp/ProgramServicesAmt014852
IRS990/InsuranceGrp/TotalAmt018566
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt02727
IRS990/InventoriesForSaleOrUseGrp/EOYAmt01881
IRS990/InvestmentIncomeGrp/ExclusionAmt014924
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt014924
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt080516
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0520374
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02750275
IRS990/LandBldgEquipCostOrOtherBssAmt02830791
IRS990/LegalDomicileStateCd0IA
IRS990/LicensedMoreThanOneStateInd0false
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/NetAssetsOrFundBalancesBOYAmt03564656
IRS990/NetAssetsOrFundBalancesEOYAmt04926351
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0-3495
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-3495
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt07668
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt08134
IRS990/OccupancyGrp/ProgramServicesAmt032540
IRS990/OccupancyGrp/TotalAmt040674
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06098
IRS990/OfficeExpensesGrp/ProgramServicesAmt024393
IRS990/OfficeExpensesGrp/TotalAmt030491
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt0905334
IRS990/OtherAssetsTotalGrp/EOYAmt01007003
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt062129
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt046870
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0108999
IRS990/OtherExpensesGrp/Desc0TRAINING EXPENSES
IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2MATERIAL & EXAM FEES
IRS990/OtherExpensesGrp/Desc3JOURNEYMAN STATE LICENSE FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02987
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15504
IRS990/OtherExpensesGrp/ProgramServicesAmt047656
IRS990/OtherExpensesGrp/ProgramServicesAmt122016
IRS990/OtherExpensesGrp/ProgramServicesAmt214918
IRS990/OtherExpensesGrp/ProgramServicesAmt33293
IRS990/OtherExpensesGrp/TotalAmt050643
IRS990/OtherExpensesGrp/TotalAmt127520
IRS990/OtherExpensesGrp/TotalAmt214918
IRS990/OtherExpensesGrp/TotalAmt33293
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt024819
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt024819
IRS990/OtherRevenueTotalAmt024819
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0118021
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0341258
IRS990/OtherSalariesAndWagesGrp/TotalAmt0459279
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt013681
IRS990/PayrollTaxesGrp/ProgramServicesAmt027187
IRS990/PayrollTaxesGrp/TotalAmt040868
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt05327
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt088616
IRS990/PensionPlanContributionsGrp/TotalAmt093943
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0134708
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt014878
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt020810
IRS990/PrincipalOfficerNm0DAVID BUTLER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0TRAINING SUPPORT & FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02232399
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02232399
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt018111
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0235293
IRS990/PYOtherRevenueAmt010566
IRS990/PYProgramServiceRevenueAmt01678108
IRS990/PYRevenuesLessExpensesAmt0742781
IRS990/PYSalariesCompEmpBnftPaidAmt0728711
IRS990/PYTotalExpensesAmt0964004
IRS990/PYTotalRevenueAmt01706785
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01354027
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02430533
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01599650
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0750148
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01816738
IRS990ScheduleD/BuildingsGrp/DepreciationAmt023325
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01840063
IRS990ScheduleD/EquipmentGrp/BookValueAmt061255
IRS990ScheduleD/EquipmentGrp/DepreciationAmt056493
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0117748
IRS990ScheduleD/ExpensesSubtotalAmt01091430
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0866000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0866000
IRS990ScheduleD/NetUnrealizedGainsInvstAmt07668
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03006
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0INTEREST RECEIVABLE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt06282
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0698
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt06980
IRS990ScheduleD/RevenueNotReportedAmt07668
IRS990ScheduleD/RevenueSubtotalAmt02445457
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/TotalBookValueLandBuildingsAmt02750275
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01007003
IRS990ScheduleD/TotalExpensesPerForm990Amt01091430
IRS990ScheduleD/TotalRevenuePerForm990Amt02445457
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02453125
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01091430
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 TRUSTS'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
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SALARY 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4All Trust documents subject to public inspection are available upon request at the Trust's address: 1948 NW 92nd Court, Clive, IA 50325
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

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,009,268
Liabilities
$82,917
Net assets
$4,926,351
Revenue
$2,445,457
Expenses
$1,091,430
Net income
$1,354,027
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