Civic Intelligence

Des Moines Electrical Apprenticeship Training Trust

990 • Fiscal year 2024 • EIN 46-2895898

Jun 01, 2023 to May 31, 2024 • Filed on Oct 22, 2024

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

12th percentile

0.00x

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

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

12th percentile

0.02x

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

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

87th percentile

44%

Higher net margin than 87% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$158,530

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 4.3% of source-year revenue.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

69th percentile

12%

Faster asset growth than 69% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

60th percentile

13%

Faster revenue growth than 60% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets12th percentile

Assets

Up

$16,991,533

Up $1,802,787 (+12%) from 2023

Net Assets

Up

$16,925,458

Up $1,800,268 (+12%) from 2023

Liabilities

Up

$66,075

Up $2,519 (+4.0%) from 2023

Revenue And Expenses
Liabilities / Revenue12th percentileNet Margin87th percentile

Revenue

Up

$3,711,736

Up $428,616 (+13%) from 2023

Expenses

Up

$2,079,444

Up $279,231 (+16%) from 2023

Net Income

Up

$1,632,292

Up $149,385 (+10%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth69th 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

2024

Assets$16,991,533
Liabilities$66,075
Net Assets$16,925,458
Open 2024 Filing

Operations Trend

Revenue Growth60th 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

2024

Revenue$3,711,736
Expenses$2,079,444
Net Income$1,632,292
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2023 to May 31, 2024
Signed
Oct 22, 2024
Return Version
2023v5.1
Gross Receipts
$4,051,025
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$6,116,295$6,336,206▲ $219,911
Savings and Temporary Cash Investments$4,634,521$3,142,215▼ $1,492,306
Investments in Publicly Traded Securities$472,722$1,133,932▲ $661,210
Cash and Non-Interest-Bearing Accounts$181,951$366,208▲ $184,257
Accounts Receivable$364,496$255,497▼ $108,999
Pledges and Grants Receivable$199,341$207,901▲ $8,560
Prepaid Expenses and Deferred Charges$34,452$40,954▲ $6,502
Inventories for Sale or Use$7,561$3,156▼ $4,405
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$15,188,746$16,991,533▲ $1,802,787
Other Assets Total$3,177,407$5,505,464▲ $2,328,057
Liabilities
Accounts Payable and Accrued Expenses$52,785$58,790▲ $6,005
Other Liabilities$10,771$7,285▼ $3,486
Total Liabilities$63,556$66,075▲ $2,519
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$15,125,190$16,925,458▲ $1,800,268
Total Net Assets Fund Balance$15,125,190$16,925,458▲ $1,800,268
Total Liabilities and Net Assets / Fund Balance$15,188,746$16,991,533▲ $1,802,787

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$4,237,784$697,768$4,935,552
Buildings$1,186,726$230,077$1,416,803
Equipment$188,897$857,798$1,046,695
Land$722,799-$722,799
Other Assets Org$7,285--
Compensation and Service Providers
Top Officer Pay40th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Steve HansenTraining DirectorFT$117,173$41,357$158,530

Board Members and Trustees

NameTitle
Michael DuffyChairman
Chad LoweVice Chairman
Christopher BarrTrustee
Doug GoforthTrustee
Joe PoreppTrustee
Michael LippTrustee
Scott GardnerTrustee
Terry PohlmanTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$247,516
Program Service Revenue
$3,011,784
Investment Income
$328,471
Other Revenue
$123,965
All Other Contributions
$39,615
Change in Net Assets
$1,632,292

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$39,615Retail Value
Total Noncash Contributions1$39,615-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,711,736
Revenue Not Reported on Form 990
$167,976
Total Revenue per Audited Statements
$3,879,712
Total Revenue per Form 990
$3,711,736
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,435,824
Other Expenses$643,620
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$733,707$143,070-$876,777
Depreciation Depletion$208,060$29,181-$237,241
Other Employee Benefits$130,675$56,003-$186,678
Pension Plan Contributions$122,089$45,801-$167,890
Current Officers, Directors, Trustees, and Key Employees$63,978$63,979-$127,957
Payroll Taxes$60,753$15,769-$76,522
Occupancy$35,921$8,980-$44,901
Insurance$30,915$7,729-$38,644
Office Expenses$27,671$6,917-$34,588
All Other Expenses$20,047$10,182-$30,229
Fees for Services Accounting-$24,712-$24,712
Information Technology$18,400$4,600-$23,000
Fees for Services Legal-$17,439-$17,439
Other Expenses$12,329$13,714-$12,329
Travel$8,142$548-$8,690
Advertising$6,770$1,647-$8,417
Conferences and Meetings$2,627$657-$3,284
Total Functional Expenses$1,628,516$450,928$0$2,079,444

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,079,444
Total Expenses per Audited Statements$2,079,444
Total Expenses per Form 990$2,079,444
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liabilities - St$3,945
Operating Lease Liabilities - Lt$3,340
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, Section B, Line 11B

“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, Section B, Line 12C

“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, Section B, Line 15A

“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, Section B, Line 15B

“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, Section C, Line 19

“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
2024-10-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chad Lowe
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.”

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IRS990/InformationTechnologyGrp/ProgramServicesAmt018400
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IRS990/InsuranceGrp/ManagementAndGeneralAmt07729
IRS990/InsuranceGrp/ProgramServicesAmt030915
IRS990/InsuranceGrp/TotalAmt038644
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IRS990/InterestGrp/TotalAmt00
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IRS990/InventoriesForSaleOrUseGrp/EOYAmt03156
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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
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IRS990/NetAssetsOrFundBalancesEOYAmt016925458
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IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0-6469
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-6469
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt016925458
IRS990/NoncashContributionsAmt039615
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IRS990/OccupancyGrp/ManagementAndGeneralAmt08980
IRS990/OccupancyGrp/ProgramServicesAmt035921
IRS990/OccupancyGrp/TotalAmt044901
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06917
IRS990/OfficeExpensesGrp/ProgramServicesAmt027671
IRS990/OfficeExpensesGrp/TotalAmt034588
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03177407
IRS990/OtherAssetsTotalGrp/EOYAmt05505464
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt056003
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0130675
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0186678
IRS990/OtherExpensesGrp/Desc0REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1APPRENTICE TRAINING
IRS990/OtherExpensesGrp/Desc2INSTRUCTOR TRAINING
IRS990/OtherExpensesGrp/Desc3DONATED SUPPLIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt013714
IRS990/OtherExpensesGrp/ProgramServicesAmt054860
IRS990/OtherExpensesGrp/ProgramServicesAmt162093
IRS990/OtherExpensesGrp/ProgramServicesAmt229479
IRS990/OtherExpensesGrp/ProgramServicesAmt312329
IRS990/OtherExpensesGrp/TotalAmt068574
IRS990/OtherExpensesGrp/TotalAmt162093
IRS990/OtherExpensesGrp/TotalAmt229479
IRS990/OtherExpensesGrp/TotalAmt312329
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IRS990/OtherLiabilitiesGrp/EOYAmt07285
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
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IRS990/OtherRevenueTotalAmt0130434
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0143070
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0733707
IRS990/OtherSalariesAndWagesGrp/TotalAmt0876777
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt015769
IRS990/PayrollTaxesGrp/ProgramServicesAmt060753
IRS990/PayrollTaxesGrp/TotalAmt076522
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt045801
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0122089
IRS990/PensionPlanContributionsGrp/TotalAmt0167890
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0199341
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0207901
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt034452
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt040954
IRS990/PrincipalOfficerNm0CHAD LOWE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0TRAINING SUPPORT & FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03011784
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03011784
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0199341
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0140925
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0669417
IRS990/PYOtherRevenueAmt044517
IRS990/PYProgramServiceRevenueAmt02898337
IRS990/PYRevenuesLessExpensesAmt01482907
IRS990/PYSalariesCompEmpBnftPaidAmt01130796
IRS990/PYTotalExpensesAmt01800213
IRS990/PYTotalRevenueAmt03283120
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01632292
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03135749
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04634521
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03142215
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/BookValueAmt01186726
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0230077
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01416803
IRS990ScheduleD/EquipmentGrp/BookValueAmt0188897
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0857798
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01046695
IRS990ScheduleD/ExpensesSubtotalAmt02079444
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0722799
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0722799
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt04237784
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0697768
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt04935552
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0167976
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt066135
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt17285
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0INTEREST RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RIGHT OF USE ASSET- LT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03945
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13340
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPERATING LEASE LIABILITIES - ST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OPERATING LEASE LIABILITIES - LT
IRS990ScheduleD/RevenueNotReportedAmt0167976
IRS990ScheduleD/RevenueSubtotalAmt03711736
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
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt05505464
IRS990ScheduleD/TotalExpensesPerForm990Amt02079444
IRS990ScheduleD/TotalLiabilityAmt07285
IRS990ScheduleD/TotalRevenuePerForm990Amt03711736
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03879712
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02079444
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
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,991,533
Liabilities
$66,075
Net assets
$16,925,458
Revenue
$3,711,736
Expenses
$2,079,444
Net income
$1,632,292
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