Civic Intelligence

Dubuque Electrical Apprenticeship Trust

EIN 46-2897549 • 501(c)3 • Dubuque, IA

Profile

To recruit and train apprentices to meet the growing needs of the electrical industry.

680 Main Street 100Dubuque, IA 52001

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

60th percentile

7.1%

Higher net margin than 60% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

65th percentile

7.6%

Faster asset growth than 65% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

80th percentile

36%

Faster revenue growth than 80% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$219,126

Up $15,481 (+7.6%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Up

$219,126

Up $15,481 (+7.6%) from 2022

Revenue

Up

$217,162

Up $57,090 (+36%) from 2022

Expenses

Up

$201,681

Up $3,468 (+1.7%) from 2022

Net Income

Up

$15,481

Up $53,622 (+141%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2014: $198,687Liabilities 2014: $0Net Assets 2014: $198,6872014Assets 2015: $232,740Liabilities 2015: $0Net Assets 2015: $232,7402015Assets 2016: $223,232Liabilities 2016: $0Net Assets 2016: $223,2322016Assets 2017: $223,097Liabilities 2017: $0Net Assets 2017: $223,0972017Assets 2018: $253,850Liabilities 2018: $0Net Assets 2018: $253,8502018Assets 2019: $245,597Liabilities 2019: $0Net Assets 2019: $245,5972019Assets 2020: $245,659Liabilities 2020: $0Net Assets 2020: $245,6592020Assets 2021: $241,786Liabilities 2021: $0Net Assets 2021: $241,7862021Assets 2022: $203,645Liabilities 2022: $0Net Assets 2022: $203,6452022Assets 2023: $219,126Liabilities 2023: $0Net Assets 2023: $219,1262023

Highlighted filing

2023

Assets$219,126
Liabilities$0
Net Assets$219,126

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2014: $215,049Expenses 2014: $16,362Net Income 2014: $198,6872014Revenue 2015: $308,427Expenses 2015: $119,877Net Income 2015: $188,5502015Revenue 2016: $148,695Expenses 2016: $158,202Net Income 2016: -$9,5072016Revenue 2017: $146,655Expenses 2017: $146,790Net Income 2017: -$1352017Revenue 2018: $188,340Expenses 2018: $157,587Net Income 2018: $30,7532018Revenue 2019: $174,753Expenses 2019: $183,006Net Income 2019: -$8,2532019Revenue 2020: $171,654Expenses 2020: $171,592Net Income 2020: $622020Revenue 2021: $195,982Expenses 2021: $199,855Net Income 2021: -$3,8732021Revenue 2022: $160,072Expenses 2022: $198,213Net Income 2022: -$38,1412022Revenue 2023: $217,162Expenses 2023: $201,681Net Income 2023: $15,4812023

Highlighted filing

2023

Revenue$217,162
Expenses$201,681
Net Income$15,481

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2022 to May 31, 2023
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$217,162
Mission and Program Overview

Mission

To recruit and train apprentices to meet the growing needs of the electrical industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$203,645$219,126▲ $15,481
Rtn Earn Endowment Incm Other Fnds$203,645$219,126▲ $15,481
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$203,645$219,126▲ $15,481
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$203,645$219,126▲ $15,481
Total Liabilities and Net Assets / Fund Balance$203,645$219,126▲ $15,481
Compensation and Service Providers

Board Members and Trustees

NameTitle
Matthew NoelChair
Andy GentheVice Chair
Greg WillgingDirector of Training
Aaron RangTrustee
Matt ElliotTrustee
Mitch HaufeTrustee
Ron ThielenTrustee
Ryan ClarkTrustee
Zach ShiremanTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$17,966
Program Service Revenue
$199,196
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$15,481

Audited Revenue Reconciliation

Revenue per Audited Statements
$217,162
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$217,162
Total Revenue per Form 990
$217,162
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$201,681
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$850$19,533-$20,383
Fees for Services Accounting-$17,175-$17,175
Insurance-$4,387-$4,387
Other Expenses$2,905$312-$3,217
Office Expenses$496$402-$898
Advertising-$640-$640
All Other Expenses$129$197-$326
Travel$150--$150
Total Functional Expenses$159,035$42,646$0$201,681

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$201,681
Total Expenses per Audited Statements$201,681
Total Expenses per Form 990$201,681
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The director of training is paid through a management services agreement with northeastern iowa community college for services provided to the fund. There are no other officers or trustees compensated by the management services company.

Form 990, Part VI, Section A, Line 7A

The board of trustees is made up of three union and three contractor representatives. These representatives are appointed by the local union number 704, international brotherhood of electrical workers and the dubuque division, iowa chapter, national electrical contractors association, inc., respectively.

Form 990, Part VI, Section A, Line 8B

The plan does not have any committees with broad authority to act on behalf of the board of trustees.

Form 990, Part VI, Section B, Line 11B

The board of trustees reviews the form 990 and approves it prior to filing with irs.

Form 990, Part VI, Section B, Line 12C

Policy was implemented in april 2015 and disclosure was completed at same time. This policy covers service providers and trustees to the fund and requires disclosure to the board of trustees any instances where a related party may benefit financially from a decision made by the fund. Additionally, trustees are forbidden from any gains or anything of value from any party doing business with the fund. Intent is to continue to monitor annually with legal counsel.

Form 990, Part VI, Section C, Line 19

The board of trustees makes governing documents and financials available to members upon request.

Filing and Contact Details

Filer

Filer Name
Dubuque Electrical Apprenticeship Trust
EIN
46-2897549
Phone
5635139948
Address
680 MAIN STREET 100, DUBUQUE, IA 52001

Signing Officer

Name
Matthew Noel
Title
Chair
Phone
5635139948
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Noel
Formed
2013
Legal Domicile
Ia
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Cliftonlarsonallen Llp
Address
600 3RD AVENUE SE SUITE 300, CEDAR RAPIDS, IA 52401
Preparer
Brittney Fox
Phone
3193632697
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The trust established under the dubuque electrical apprenticeship trust (the fund) to hold the fund's assets is qualified pursuant to section 501(c)(3)of the irc and a similar section of the iowa income tax law. The trust obtained its latest exemption letter on september 25, 2014, in which the internal revenue service stated that the trust, as then designed, was in compliance with the applicable requirements of the irc. However, as a result of the fund's operations from time to time the trust may be subject to income taxes. No provision for income taxes has been included in the fund's financial statements for unrelated business taxable income for 2023 and 2022. In addition, the fund and trust are required to operate in conformity with the irc to maintain the tax-exempt status of the fund. The fund's trustees believe the trust is currently designed and being operated in compliance with the applicable requirements of the irc and, therefore, believe the trust is tax-exempt. The fund is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE TRUST ESTABLISHED UNDER THE DUBUQUE ELECTRICAL APPRENTICESHIP TRUST (THE FUND) TO HOLD THE FUND'S ASSETS IS QUALIFIED PURSUANT TO SECTION 501(C)(3)OF THE IRC AND A SIMILAR SECTION OF THE IOWA INCOME TAX LAW. THE TRUST OBTAINED ITS LATEST EXEMPTION LETTER ON SEPTEMBER 25, 2014, IN WHICH THE INTERNAL REVENUE SERVICE STATED THAT THE TRUST, AS THEN DESIGNED, WAS IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC. HOWEVER, AS A RESULT OF THE FUND'S OPERATIONS FROM TIME TO TIME THE TRUST MAY BE SUBJECT TO INCOME TAXES. NO PROVISION FOR INCOME TAXES HAS BEEN INCLUDED IN THE FUND'S FINANCIAL STATEMENTS FOR UNRELATED BUSINESS TAXABLE INCOME FOR 2023 AND 2022. IN ADDITION, THE FUND AND TRUST ARE REQUIRED TO OPERATE IN CONFORMITY WITH THE IRC TO MAINTAIN THE TAX-EXEMPT STATUS OF THE FUND. THE FUND'S TRUSTEES BELIEVE THE TRUST IS CURRENTLY DESIGNED AND BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC AND, THEREFORE, BELIEVE THE TRUST IS TAX-EXEMPT. THE FUND IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0201681
IRS990ScheduleD/TotalRevenuePerForm990Amt0217162
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0217162
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0201681
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd00
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt01. OUR DEPARTMENT OF LABOR APPROVED STANDARDS INCLUDES NONDISCRIMINATORY LANGUAGE. 3. NEWSPAPER ADS INCLUDE "MINORITIES, WOMEN, AND VETRANS ARE ENCOURAGED TO APPLY"
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt14B. THE SCHOOL DOES NOT HAVE SCHOLARSHIPS OR FINANCIAL ASSISTANCE. 4D. CONTRIBUTIONS ARE PER COLLECTIVE BARGAINING AGREEMENT - WE DO NOT SOLICIT PUBLIC CONTRIBUTIONS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE DIRECTOR OF TRAINING IS PAID THROUGH A MANAGEMENT SERVICES AGREEMENT WITH NORTHEASTERN IOWA COMMUNITY COLLEGE FOR SERVICES PROVIDED TO THE FUND. THERE ARE NO OTHER OFFICERS OR TRUSTEES COMPENSATED BY THE MANAGEMENT SERVICES COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF TRUSTEES IS MADE UP OF THREE UNION AND THREE CONTRACTOR REPRESENTATIVES. THESE REPRESENTATIVES ARE APPOINTED BY THE LOCAL UNION NUMBER 704, INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS AND THE DUBUQUE DIVISION, IOWA CHAPTER, NATIONAL ELECTRICAL CONTRACTORS ASSOCIATION, INC., RESPECTIVELY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PLAN DOES NOT HAVE ANY COMMITTEES WITH BROAD AUTHORITY TO ACT ON BEHALF OF THE BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF TRUSTEES REVIEWS THE FORM 990 AND APPROVES IT PRIOR TO FILING WITH IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4POLICY WAS IMPLEMENTED IN APRIL 2015 AND DISCLOSURE WAS COMPLETED AT SAME TIME. THIS POLICY COVERS SERVICE PROVIDERS AND TRUSTEES TO THE FUND AND REQUIRES DISCLOSURE TO THE BOARD OF TRUSTEES ANY INSTANCES WHERE A RELATED PARTY MAY BENEFIT FINANCIALLY FROM A DECISION MADE BY THE FUND. ADDITIONALLY, TRUSTEES ARE FORBIDDEN FROM ANY GAINS OR ANYTHING OF VALUE FROM ANY PARTY DOING BUSINESS WITH THE FUND. INTENT IS TO CONTINUE TO MONITOR ANNUALLY WITH LEGAL COUNSEL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF TRUSTEES MAKES GOVERNING DOCUMENTS AND FINANCIALS AVAILABLE TO MEMBERS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0203645
IRS990/TotalAssetsEOYAmt0219126
IRS990/TotalAssetsGrp/BOYAmt0203645
IRS990/TotalAssetsGrp/EOYAmt0219126
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt017966
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt042646
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0159035
IRS990/TotalFunctionalExpensesGrp/TotalAmt0201681
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0203645
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0219126
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0159035
IRS990/TotalProgramServiceRevenueAmt0199196
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0199196
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0217162
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0203645
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0219126
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0150
IRS990/TravelGrp/TotalAmt0150
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0680 MAIN STREET 100
IRS990/USAddress/CityNm0DUBUQUE
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd052001
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MATTHEW NOEL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum05635139948
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DUBUQUE ELECTRICAL APPRENTICESHIP TRUST
ReturnHeader/Filer/BusinessNameControlTxt0DUBU
ReturnHeader/Filer/EIN0462897549
ReturnHeader/Filer/PhoneNum05635139948
ReturnHeader/Filer/USAddress/AddressLine1Txt0680 MAIN STREET 100
ReturnHeader/Filer/USAddress/CityNm0DUBUQUE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd052001
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0600 3RD AVENUE SE SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CEDAR RAPIDS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd052401
ReturnHeader/PreparerPersonGrp/PhoneNum03193632697
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRITTNEY FOX
ReturnHeader/ReturnTs02023-11-21T12:00:33-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MATTHEW
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0NOEL
ReturnHeader/TaxPeriodBeginDt02022-06-01
ReturnHeader/TaxPeriodEndDt02023-05-31
ReturnHeader/TaxYr02022

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