Civic Intelligence

Technic Training Center

990EZ • Fiscal year 2022 • EIN 47-4710742

Jan 01, 2022 to Dec 31, 2022 • Filed on Feb 16, 2023

PO Box 528Lynden, WA 98264

(360) 354-2750

Siviq Scores

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

Liabilities / Assets

69th percentile

0.03x

Higher debt load relative to assets than 69% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

74th percentile

0.04x

Higher debt load relative to revenue than 74% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

13th percentile

-37%

Higher net margin than 13% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2022

Asset Growth

20th percentile

-22%

Faster asset growth than 20% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

84th percentile

102%

Faster revenue growth than 84% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$17,878

Down $4,991 (-22%) from 2021

Net Assets

Down

$17,409

Down $4,644 (-21%) from 2021

Liabilities

Down

$469

Down $347 (-43%) from 2021

Revenue

Up

$12,481

Up $6,293 (+102%) from 2021

Expenses

Down

$17,124

Down $8,058 (-32%) from 2021

Net Income

Up

-$4,643

Up $14,351 (+76%) from 2021

Historical Trend

Balance Sheet Trend

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

$80K$60K$40K$20K$0Assets 2017: $50,974Liabilities 2017: $5,5802017Assets 2018: $76,784Liabilities 2018: $6,7362018Assets 2019: $59,891Liabilities 2019: $4,8552019Assets 2020: $44,480Liabilities 2020: $3,4332020Assets 2021: $22,869Liabilities 2021: $816Net Assets 2021: $22,0532021Assets 2022: $17,878Liabilities 2022: $469Net Assets 2022: $17,4092022Assets 2023: $20,174Liabilities 2023: $149Net Assets 2023: $20,0252023Assets 2024: $25,458Liabilities 2024: $1,593Net Assets 2024: $23,8652024

Highlighted filing

2022

Assets$17,878
Liabilities$469
Net Assets$17,409

Operations Trend

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

$100K$50K$0-$50KRevenue 2017: $81,698Expenses 2017: $49,290Net Income 2017: $32,4082017Revenue 2018: $55,429Expenses 2018: $30,775Net Income 2018: $24,6542018Revenue 2019: $35,958Expenses 2019: $50,969Net Income 2019: -$15,0112019Revenue 2020: $9,243Expenses 2020: $23,232Net Income 2020: -$13,9892020Revenue 2021: $6,188Expenses 2021: $25,182Net Income 2021: -$18,9942021Revenue 2022: $12,481Expenses 2022: $17,124Net Income 2022: -$4,6432022Revenue 2023: $35,492Expenses 2023: $32,876Net Income 2023: $2,6162023Revenue 2024: $22,806Expenses 2024: $18,966Net Income 2024: $3,8402024

Highlighted filing

2022

Revenue$12,481
Expenses$17,124
Net Income-$4,643
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Feb 16, 2023
Return Version
2022v5.0
Gross Receipts
$18,842
Mission and Program Overview

Mission

Youth and career technical training

Program Services

DescriptionGrantsExpenses
Technic Training Center currently operates one primary program service, a high school career and technical education partnership program, running under the name Technic Training Center. See Schedule O.$0$17,124
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John SlaglePresidentFT$0--
Theodore BargenVice President-$0--
Dave HiebertTreasurer/Secretary-$0--
Filing and Contact Details

Filer

Filer Name
Technic Training Center
EIN
47-4710742
Phone
3603542750
Address
PO Box 528, Lynden, WA 98264

Signing Officer

Name
John Slagle
Title
President
Phone
3603542750
Signed
2023-02-16
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 8

Description;Amount^Core Student Material Reimbursement;800|Miscellaneous Revenue Sales Tax Adjust;7^Total;807^

Form 990-EZ, Part I, Line 16

Description;Amount^Bank Charges and Fees;104|Supplies and Materials;5073|Office Supplies and Software;750|Dues and Subscriptions;927|Insurance;5370|Business Taxes and Licenses;-2|Tax Penalties Forgiven;-2010|Bad Debt Expense;22|Depreciation Equipment;3386^Total;13620^

Form 990-EZ, Part II, Line 24

Description;EOY Amount^Accounts Receivable;0|Prepaid Expenditures;2369|Net Fixed Assets;2754^Total;5123^

Form 990-EZ, Part II, Line 26

Description;EOY Amount^Accounts Payable;198|DoR Payable;271^Total;469^

Form 990-EZ, Part III, Line (28-31)

Form 990-EZ, Part III, Line (28-31) - Technic Training Center is a nonprofit organization in Lynden, WA that that helps young men and women develop skills for future careers while exploring woodworking, modern manufacturing, and business. Students who participate in Technic depart their regular school site and go to the Technic facility during the school day. School partners commit to provide high school credit, allow access for participation, collaborate on activities, and coordinate transportation for students to Technic during the school day. Youth participants accomplish approximately 150 hours of on site training time each semester at Technic. Credits offered are confirmed by the school partner and are aligned with their student's academic needs. Primarily serving young people in Whatcom County, participating school groups include Lynden High School, Cornerstone Christian School, Lynden Christian School, Lynden Academy, and Open Homeschool. We have also served students at Ferndale High School and Nooksack Valley High School. During the 2022 program year, 172 students participated in the high school partnership program. At Technic we seek to tailor our training activities to help the school program achieve certain credit offerings For example, with Lynden High school, their students earn an elective Career and Technical education credit and with our most recent group, an applied math credit. Technic Training Center students are also able to earn relevant industry certifications such a credential from the Woodwork Career Alliance. During its training activities, Technic Training Center has identified the goal for student participants to take part in community manufacturing projects during their training experience. As a win-win opportunity for learners and the local community, Technic students partner with community businesses and service organizations that have a genuine product need. Technic students complete the design, manufacture, and delivery of a needed product. Partnering organizations share in the expense of producing a project by providing financially for the costs of that product. During completion of community projects, student participants develop competency in a numerous variety of skills to execute its production including tool and machinery operations, utilizing plans and blueprints, material optimization, mass production, cost analysis, advanced manufacturing, and customer service. Students experience having a real-world customer with real quality expectations. They also experience the pride and satisfaction of knowing their lasting work will impact the lives of others. Community manufacturing projects allow Technic Training Center the opportunity to generate program income that offset operating expenses of the non-profit training organization. Any funds generated by Technic during the completion of a community manufacturing project are utilized in the philanthropic mission of the Technic Training Center non-profit organization. Key Community Manufacturing Project Steps: 1) Organizations share a product need or concept with Technic Training Center. 2) Technic leader identify training objectives and needs connected to the manufacturing project. 3) Organizations confirm project participation, product concept. and materials. 4) With leader support, Technic participants develop final product design and specifications. 5) Organizations confirm final product design and specifications. 6) Technic provides the partnering organization a fair market value product quote. 7) Organizations confirm and authorize product quote and purchase order terms. 8) Organizations place a purchase order with Technic Training Center. 9) Technic invoices participating organization for costs of product manufacture. 10) Technic Training Center participants complete manufacture and delivery of the needed product. As a key example of the initiative and approved by the Superintendent of Lynden School District in spring of 2017, Technic stud

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IRS990ScheduleA/FactsAndCircumstancesTestTxt0During each year over the first seven years of its existence, Technic Training Center has sought to purse a bona fide and continuous solicitation of funds and resources from individuals, businesses, foundations, and public charities. Donors to the Technic organization have included contributions from local individuals, commercial cabinetry businesses, door manufacturers, wood millwork businesses, construction companies, service clubs, tool and machinery manufacturers, banks, and nearby foundations. As part of this funding program, Technic Training Center has intentionally sought to develop connection with organizations in its local community within the local wood products and manufacturing industries. Technic has also sought financial support from local service organizations that see value in the offering of its program to local high school aged students. These fundraising activities have helped Technic Training Center accomplish a key part of its mission to transition local students into local job and careers well trained. Pursuit of funding from various organizations has helped Technic develop relationships with employers in its local area that can hire graduating students and provide them meaningful career opportunities in their future. Thus far as of Fall 2022, Technic Training Center has seen 47 graduating participants hired at 16 different local businesses as a result of their training at Technic. This effort in the solicitation of funds and resources have provided Technic Training Center with key financial and material resources that have enabled it to offer its career and technical training program to youth in its region of service. All funds generated through the solicitation of funds are used to directly support training activities. Some key highlights of resources that have been acquired through this financial support include:- Purchase of supplies and materials, such as plywood and hardware, needed by students over the completion of core learning projects produced during their hands-on training. - Direct donations of machinery utilized in the workplace to enable training with real world machinery and manufacturing processes, such as the recently acquired wood planer. - Provision for the purchase a Dust Collection System to manage dust and small particles created during the operation of machines and equipment, providing a safe and clean training environment. - Operational insurance for a youth serving program and fire system monitoring. Technic has also generated financial support from the sale of products produced by the training activities at Technic Training Center directly to community customers. All funds generated through training activities are used to directly support training activities. The effort for the solicitation of funds has thus far provided for the yearly needs over the existence of the organization, however more funding needs to be acquired for the financial health of the organization in the pursuit of its activities, while also allowing Technic Training Center to meet the threshold of a publicly supported organization as detailed in Schedule A of IRS Form 990. Along with continued support from local business entities and community project opportunities, Technic will seek to grow its contributions from local individuals in order to garner a larger pool of support, also including alumni participants and their families. Areas that Technic will pursue to generate financial support will include:- Direct support requests to individuals through in-person visits, online campaigns, and voice-to-voice phone contact contacts. - Specifically hosted fundraising events. - Increased grant requests from additional foundations and organizations in a larger region of northwest Washington and national programs. Pursued by the boards of directors of Technic Training Center from the creation of the nonprofit organization, all operations of the organization have sought to provide a genuine community service through th
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Form 990-EZ, Part III, Line (28-31) - Technic Training Center is a nonprofit organization in Lynden, WA that that helps young men and women develop skills for future careers while exploring woodworking, modern manufacturing, and business. Students who participate in Technic depart their regular school site and go to the Technic facility during the school day. School partners commit to provide high school credit, allow access for participation, collaborate on activities, and coordinate transportation for students to Technic during the school day. Youth participants accomplish approximately 150 hours of on site training time each semester at Technic. Credits offered are confirmed by the school partner and are aligned with their student's academic needs. Primarily serving young people in Whatcom County, participating school groups include Lynden High School, Cornerstone Christian School, Lynden Christian School, Lynden Academy, and Open Homeschool. We have also served students at Ferndale High School and Nooksack Valley High School. During the 2022 program year, 172 students participated in the high school partnership program. At Technic we seek to tailor our training activities to help the school program achieve certain credit offerings For example, with Lynden High school, their students earn an elective Career and Technical education credit and with our most recent group, an applied math credit. Technic Training Center students are also able to earn relevant industry certifications such a credential from the Woodwork Career Alliance. During its training activities, Technic Training Center has identified the goal for student participants to take part in community manufacturing projects during their training experience. As a win-win opportunity for learners and the local community, Technic students partner with community businesses and service organizations that have a genuine product need. Technic students complete the design, manufacture, and delivery of a needed product. Partnering organizations share in the expense of producing a project by providing financially for the costs of that product. During completion of community projects, student participants develop competency in a numerous variety of skills to execute its production including tool and machinery operations, utilizing plans and blueprints, material optimization, mass production, cost analysis, advanced manufacturing, and customer service. Students experience having a real-world customer with real quality expectations. They also experience the pride and satisfaction of knowing their lasting work will impact the lives of others. Community manufacturing projects allow Technic Training Center the opportunity to generate program income that offset operating expenses of the non-profit training organization. Any funds generated by Technic during the completion of a community manufacturing project are utilized in the philanthropic mission of the Technic Training Center non-profit organization. Key Community Manufacturing Project Steps: 1) Organizations share a product need or concept with Technic Training Center. 2) Technic leader identify training objectives and needs connected to the manufacturing project. 3) Organizations confirm project participation, product concept. and materials. 4) With leader support, Technic participants develop final product design and specifications. 5) Organizations confirm final product design and specifications. 6) Technic provides the partnering organization a fair market value product quote. 7) Organizations confirm and authorize product quote and purchase order terms. 8) Organizations place a purchase order with Technic Training Center. 9) Technic invoices participating organization for costs of product manufacture. 10) Technic Training Center participants complete manufacture and delivery of the needed product. As a key example of the initiative and approved by the Superintendent of Lynden School District in spring of 2017, Technic stud
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990-EZ, Part III, Line (28-31)
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ReturnHeader/ReturnTs02023-04-06T14:43:28-07:00
ReturnHeader/ReturnTypeCd0990EZ
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ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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