Civic Intelligence

Des Moines Electrical Apprenticeship Training Trust

990 • Fiscal year 2020 • EIN 46-2895898

Jun 01, 2019 to May 31, 2020 • Filed on Oct 26, 2020

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

9th percentile

0.00x

Higher debt load relative to assets than 9% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

8th percentile

0.01x

Higher debt load relative to revenue than 8% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

85th percentile

34%

Higher net margin than 85% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

31st percentile

$124,051

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 5.4% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

54th percentile

8.2%

Faster asset growth than 54% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

8th percentile

-45%

Faster revenue growth than 8% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets9th percentile

Assets

Up

$11,382,341

Up $863,783 (+8.2%) from 2019

Net Assets

Up

$11,357,369

Up $862,467 (+8.2%) from 2019

Liabilities

Up

$24,972

Up $1,316 (+5.6%) from 2019

Revenue And Expenses
Liabilities / Revenue8th percentileNet Margin85th percentile

Revenue

Down

$2,278,112

Down $1,887,925 (-45%) from 2019

Expenses

Down

$1,509,851

Down $43,765 (-2.8%) from 2019

Net Income

Down

$768,261

Down $1,844,160 (-71%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth54th 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

2020

Assets$11,382,341
Liabilities$24,972
Net Assets$11,357,369
Open 2020 Filing

Operations Trend

Revenue Growth8th 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

2020

Revenue$2,278,112
Expenses$1,509,851
Net Income$768,261
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2019 to May 31, 2020
Signed
Oct 26, 2020
Return Version
2019v5.0
Gross Receipts
$2,513,316
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$6,153,160$5,907,027▼ $246,133
Savings and Temporary Cash Investments$2,443,906$3,221,750▲ $777,844
Accounts Receivable$151,726$306,124▲ $154,398
Pledges and Grants Receivable$280,426$0▼ $280,426
Cash and Non-Interest-Bearing Accounts$487,978$241,742▼ $246,236
Investments in Publicly Traded Securities-$60,082-
Prepaid Expenses and Deferred Charges$20,275$19,093▼ $1,182
Inventories for Sale or Use$2,657$3,736▲ $1,079
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$10,518,558$11,382,341▲ $863,783
Other Assets Total$978,430$1,622,787▲ $644,357
Liabilities
Accounts Payable and Accrued Expenses$23,656$24,972▲ $1,316
Total Liabilities$23,656$24,972▲ $1,316
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,494,902$11,357,369▲ $862,467
Total Net Assets Fund Balance$10,494,902$11,357,369▲ $862,467
Total Liabilities and Net Assets / Fund Balance$10,518,558$11,382,341▲ $863,783

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$3,481,064$219,769$3,700,833
Buildings$1,332,038$84,765$1,416,803
Land$722,799-$722,799
Equipment$215,323$275,638$490,961
Other Land Buildings$155,803$149,823$305,626
Other Assets Org$17,822--
Compensation and Service Providers
Top Officer Pay31st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Steve HansenTraining DirectorFT$92,977$31,074$124,051

Board Members and Trustees

NameTitle
David ButlerTrust Chairman
Dennis VosVice Chairman
Chad LoweTrustee
Doug GoforthTrustee
Michael DuffyTrustee
Scott FarnsworthTrustee
Terry PohlmanTrustee
Timothy GeraldTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$195,393
Program Service Revenue
$1,958,201
Investment Income
$88,137
Other Revenue
$36,381
Change in Net Assets
$768,261

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,278,112
Revenue Not Reported on Form 990
$94,206
Total Revenue per Audited Statements
$2,372,318
Total Revenue per Form 990
$2,278,112
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$890,000
Other Expenses$619,851
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$390,876$127,089-$517,965
Depreciation Depletion$173,848$104,008-$277,856
Other Employee Benefits$86,039$32,265-$118,304
Pension Plan Contributions$87,935$20,759-$108,694
Current Officers, Directors, Trustees, and Key Employees$24,465$73,394-$97,859
Payroll Taxes$31,778$15,400-$47,178
Fees for Services Legal-$43,631-$43,631
Occupancy$33,858$8,464-$42,322
Office Expenses$30,270$7,566-$37,836
Insurance$23,414$5,854-$29,268
Information Technology$18,171$4,542-$22,713
Fees for Services Accounting-$18,649-$18,649
Advertising$7,124$294-$7,418
Travel$5,421$400-$5,821
All Other Expenses$4,300$1,344-$5,644
Other Expenses$5,857$3,496-$3,496
Conferences and Meetings$1,996$499-$2,495
Total Functional Expenses$1,025,837$484,014$0$1,509,851

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,509,851
Total Expenses per Audited Statements$1,509,851
Total Expenses per Form 990$1,509,851
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
2020-10-26
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
1466 28TH STREET SUITE 100, WEST DES MOINES, IA 50266-1460
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.”

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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
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IRS990/NetAssetsOrFundBalancesEOYAmt011357369
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IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-10478
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt094206
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt010494902
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt011357369
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt08464
IRS990/OccupancyGrp/ProgramServicesAmt033858
IRS990/OccupancyGrp/TotalAmt042322
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07566
IRS990/OfficeExpensesGrp/ProgramServicesAmt030270
IRS990/OfficeExpensesGrp/TotalAmt037836
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0978430
IRS990/OtherAssetsTotalGrp/EOYAmt01622787
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt032265
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt086039
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0118304
IRS990/OtherExpensesGrp/Desc0REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1TRAINING EXPENSES
IRS990/OtherExpensesGrp/Desc2MATERIAL & EXAM FEES
IRS990/OtherExpensesGrp/Desc3PROPERTY TAXES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt013205
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13155
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt23496
IRS990/OtherExpensesGrp/ProgramServicesAmt052820
IRS990/OtherExpensesGrp/ProgramServicesAmt147665
IRS990/OtherExpensesGrp/ProgramServicesAmt25857
IRS990/OtherExpensesGrp/TotalAmt066025
IRS990/OtherExpensesGrp/TotalAmt150820
IRS990/OtherExpensesGrp/TotalAmt25857
IRS990/OtherExpensesGrp/TotalAmt33496
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IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/Desc1OTHER INCOME
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IRS990/OtherRevenueTotalAmt046859
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0127089
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0390876
IRS990/OtherSalariesAndWagesGrp/TotalAmt0517965
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt015400
IRS990/PayrollTaxesGrp/ProgramServicesAmt031778
IRS990/PayrollTaxesGrp/TotalAmt047178
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt020759
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt087935
IRS990/PensionPlanContributionsGrp/TotalAmt0108694
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0280426
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt020275
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt019093
IRS990/PrincipalOfficerNm0DAVID BUTLER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0TRAINING SUPPORT & FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01958201
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01958201
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0200549
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt047147
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0663492
IRS990/PYOtherRevenueAmt052811
IRS990/PYProgramServiceRevenueAmt03865530
IRS990/PYRevenuesLessExpensesAmt02612421
IRS990/PYSalariesCompEmpBnftPaidAmt0890124
IRS990/PYTotalExpensesAmt01553616
IRS990/PYTotalRevenueAmt04166037
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0768261
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01994582
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02443906
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03221750
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01332038
IRS990ScheduleD/BuildingsGrp/DepreciationAmt084765
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01416803
IRS990ScheduleD/EquipmentGrp/BookValueAmt0215323
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0275638
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0490961
IRS990ScheduleD/ExpensesSubtotalAmt01509851
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0722799
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0722799
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt03481064
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0219769
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03700833
IRS990ScheduleD/NetUnrealizedGainsInvstAmt094206
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt017822
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0INTEREST RECEIVABLE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0155803
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0149823
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0305626
IRS990ScheduleD/RevenueNotReportedAmt094206
IRS990ScheduleD/RevenueSubtotalAmt02278112
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/TotalBookValueLandBuildingsAmt05907027
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01622787
IRS990ScheduleD/TotalExpensesPerForm990Amt01509851
IRS990ScheduleD/TotalRevenuePerForm990Amt02278112
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02372318
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01509851
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
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: 10700 Justin Drive, Urbandale, IA 50322
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 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,382,341
Liabilities
$24,972
Net assets
$11,357,369
Revenue
$2,278,112
Expenses
$1,509,851
Net income
$768,261
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