Civic Intelligence

Waterloo Joint Apprenticeship Training Trust

990EZ • Fiscal year 2017 • EIN 46-2897706

Jun 01, 2016 to May 31, 2017 • Filed on Oct 30, 2017

1695 Burton AvenueWaterloo, IA 50703

(319) 233-8050

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Higher debt load relative to assets than 56% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

58th percentile

0.00x

Higher debt load relative to revenue than 58% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

84th percentile

29%

Higher net margin than 84% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

72nd percentile

20%

Faster asset growth than 72% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

80th percentile

32%

Faster revenue growth than 80% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$299,125

Up $49,225 (+20%) from 2016

Net Assets

Up

$298,451

Up $49,236 (+20%) from 2016

Liabilities

Down

$674

Down $11 (-1.6%) from 2016

Revenue

Up

$167,363

Up $40,622 (+32%) from 2016

Expenses

Up

$118,127

Up $15,206 (+15%) from 2016

Net Income

Up

$49,236

Up $25,416 (+107%) from 2016

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2014: $185,483Liabilities 2014: $0Net Assets 2014: $185,4832014Assets 2015: $226,119Liabilities 2015: $724Net Assets 2015: $225,3952015Assets 2016: $249,900Liabilities 2016: $685Net Assets 2016: $249,2152016Assets 2017: $299,125Liabilities 2017: $674Net Assets 2017: $298,4512017Assets 2018: $292,545Liabilities 2018: $1,223Net Assets 2018: $291,3222018Assets 2019: $311,971Liabilities 2019: $1,311Net Assets 2019: $310,6602019Assets 2020: $272,690Liabilities 2020: $1,380Net Assets 2020: $271,3102020Assets 2021: $301,897Liabilities 2021: $1,065Net Assets 2021: $300,8322021Assets 2022: $319,621Liabilities 2022: $422Net Assets 2022: $319,1992022Assets 2023: $385,865Liabilities 2023: $880Net Assets 2023: $384,9852023Assets 2024: $460,969Liabilities 2024: $1,890Net Assets 2024: $459,0792024Assets 2025: $448,223Liabilities 2025: $1,335Net Assets 2025: $446,8882025

Highlighted filing

2017

Assets$299,125
Liabilities$674
Net Assets$298,451

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2014: $188,785Expenses 2014: $3,302Net Income 2014: $185,4832014Revenue 2015: $141,551Expenses 2015: $101,639Net Income 2015: $39,9122015Revenue 2016: $126,741Expenses 2016: $102,921Net Income 2016: $23,8202016Revenue 2017: $167,363Expenses 2017: $118,127Net Income 2017: $49,2362017Revenue 2018: $128,291Expenses 2018: $135,420Net Income 2018: -$7,1292018Revenue 2019: $143,385Expenses 2019: $124,047Net Income 2019: $19,3382019Revenue 2020: $166,793Expenses 2020: $206,143Net Income 2020: -$39,3502020Revenue 2021: $207,155Expenses 2021: $202,664Net Income 2021: $4,4912021Revenue 2022: $217,627Expenses 2022: $190,758Net Income 2022: $26,8692022Revenue 2023: $285,588Expenses 2023: $216,510Net Income 2023: $69,0782023Revenue 2024: $299,592Expenses 2024: $241,596Net Income 2024: $57,9962024Revenue 2025: $275,970Expenses 2025: $293,990Net Income 2025: -$18,0202025

Highlighted filing

2017

Revenue$167,363
Expenses$118,127
Net Income$49,236
Jump To
Filing Snapshot
Filing Period
Jun 1, 2016 to May 31, 2017
Signed
Oct 30, 2017
Return Version
2016v3.0
Gross Receipts
$167,363
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.

Program Services

DescriptionGrantsExpenses
The Trust was organized for the exclusive purpose of providing training and education of electrical apprentices, journeyman, or other appropriate persons who fall under the jurisdiction of the collective bargaining agreement by and between the Local Union #288 of the International Brotherhood of Electrical Workers (Union) and the Waterloo Division, Iowa Chapter, National Electrical Contractors Association, Inc. (Employer). The Trust offered journeyman training classes as needed/required to ensure journeyman electricians remain equipped with the latest electrical industry code and safety information. The Trust employed licensed electrician instructors as well as contracted with other jurisdictions to, who educated, instructed, and trained apprentice students and journeyman electricians under a variety of class structures. The Trust operates a five year apprentice training program which is funded by contributions from the Employer and Union in the amount and manner provided in the current collective bargaining agreement by and between the Employer and Union.$118,127-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kurt FrankVice Chairman-$0--
Ryan O'LearyTrustee-$0--
Chris WellsPresident-$0--
Dirk HamiltonSecretary-$0--
BRET BADKERTrusteePT$0--
Filing and Contact Details

Filer

Filer Name
Waterloo Joint Apprenticeship
EIN
46-2897706
Phone
3192338050
Address
1695 BURTON AVENUE, WATERLOO, IA 50703

Signing Officer

Name
Chris Wells
Title
President
Signed
2017-10-30
Discuss with paid preparer
Yes

Preparer

Firm
Tarbell & Co PLC
Address
2130 Grand Avenue, Des Moines, IA 50312-5302
Preparer
Tim Tarbell CPA
Phone
5152820200
Supplemental Narrative

Additional Explanations

Other Expenses.1001

Advertising and Promotion $1821

Other Expenses.1002

Office Expenses $550

Other Expenses.1005

Travel $2952

Other Expenses.1009

Depreciation $163

Other Expenses.1012

Insurance $2265

Other Expenses.1

Apprentice instruction $70104

Other Expenses.2

Journeyman training $3431

Other Expenses.3

COMPUTER SUPPORT $1937

Other Expenses.4

TELEPHONE $922

Other Expenses.6

FEE FOR BOOKS $325

Other Expenses.7

APTITUDE TESTS $231

Other Expenses.8

DRUG TESTING $74

Other Assets.1003

Machinery and Equipment - Beginning $244 Machinery and Equipment - Ending $81

Total Liabilities.1

PAYROLL TAXES - Beginning $685 PAYROLL TAXES - Ending $674

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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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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
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ReturnHeader/BuildTS02017-02-10 21:41:12Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0Chris Wells
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-10-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WATERLOO JOINT APPRENTICESHIP
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0TRAINING TRUST
ReturnHeader/Filer/BusinessNameControlTxt0WATE
ReturnHeader/Filer/EIN0462897706
ReturnHeader/Filer/PhoneNum03192338050
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ReturnHeader/Filer/USAddress/ZIPCd050703
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02130 Grand Avenue
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0503125302
ReturnHeader/PreparerPersonGrp/PhoneNum05152820200
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Tim Tarbell CPA
ReturnHeader/ReturnTs02017-10-30T08:27:02-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-06-01
ReturnHeader/TaxPeriodEndDt02017-05-31
ReturnHeader/TaxYr02016

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