Civic Intelligence

Southern Nevada Operating Engineers Journeyman & Apprentice Trng Trust

990 • Fiscal year 2019 • EIN 88-0094927

Jan 01, 2019 to Dec 31, 2019 • Filed on Aug 11, 2020

100 Corson StPasadena, CA 91103

(626) 356-1000

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.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

6th percentile

0.00x

Higher debt load relative to revenue than 6% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

98th percentile

87%

Higher net margin than 98% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

60th percentile

$205,857

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

99th percentile

250%

Faster asset growth than 99% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

99th percentile

673%

Faster revenue growth than 99% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Up

$23,015,391

Up $16,438,753 (+250%) from 2018

Net Assets

Up

$22,959,577

Up $16,435,824 (+252%) from 2018

Liabilities

Up

$55,814

Up $2,929 (+5.5%) from 2018

Revenue

Up

$18,916,161

Up $16,469,194 (+673%) from 2018

Expenses

Up

$2,485,210

Up $246,565 (+11%) from 2018

Net Income

Up

$16,430,951

Up $16,222,629 (+7787%) from 2018

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $8,643,748Liabilities 2010: $62,107Net Assets 2010: $8,581,6412010Assets 2011: $7,635,909Liabilities 2011: $38,802Net Assets 2011: $7,597,1072011Assets 2012: $7,273,997Liabilities 2012: $47,263Net Assets 2012: $7,226,7342012Assets 2013: $6,619,300Liabilities 2013: $32,949Net Assets 2013: $6,586,3512013Assets 2014: $6,401,305Liabilities 2014: $26,134Net Assets 2014: $6,375,1712014Assets 2015: $6,246,443Liabilities 2015: $49,315Net Assets 2015: $6,197,1282015Assets 2016: $6,287,442Liabilities 2016: $42,653Net Assets 2016: $6,244,7892016Assets 2017: $6,385,982Liabilities 2017: $36,653Net Assets 2017: $6,349,3292017Assets 2018: $6,576,638Liabilities 2018: $52,885Net Assets 2018: $6,523,7532018Assets 2019: $23,015,391Liabilities 2019: $55,814Net Assets 2019: $22,959,5772019Assets 2020: $25,629,046Liabilities 2020: $1,473,224Net Assets 2020: $24,155,8222020Assets 2021: $24,160,853Liabilities 2021: $239,573Net Assets 2021: $23,921,2802021Assets 2022: $23,111,414Liabilities 2022: $275,058Net Assets 2022: $22,836,3562022Assets 2023: $22,632,406Liabilities 2023: $174,719Net Assets 2023: $22,457,6872023Assets 2024: $21,817,025Liabilities 2024: $205,547Net Assets 2024: $21,611,4782024

Highlighted filing

2019

Assets$23,015,391
Liabilities$55,814
Net Assets$22,959,577

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $2,329,8502010Expenses 2011: $2,115,2862011Expenses 2012: $2,127,0482012Revenue 2013: $1,303,350Expenses 2013: $1,878,135Net Income 2013: -$574,7852013Revenue 2014: $1,270,871Expenses 2014: $1,480,300Net Income 2014: -$209,4292014Revenue 2015: $1,393,959Expenses 2015: $1,539,000Net Income 2015: -$145,0412015Revenue 2016: $1,696,626Expenses 2016: $1,656,087Net Income 2016: $40,5392016Revenue 2017: $2,123,701Expenses 2017: $1,992,114Net Income 2017: $131,5872017Revenue 2018: $2,446,967Expenses 2018: $2,238,645Net Income 2018: $208,3222018Revenue 2019: $18,916,161Expenses 2019: $2,485,210Net Income 2019: $16,430,9512019Revenue 2020: $3,367,765Expenses 2020: $2,354,616Net Income 2020: $1,013,1492020Revenue 2021: $2,787,324Expenses 2021: $2,924,866Net Income 2021: -$137,5422021Revenue 2022: $2,678,276Expenses 2022: $3,526,100Net Income 2022: -$847,8242022Revenue 2023: $3,290,911Expenses 2023: $3,686,414Net Income 2023: -$395,5032023Revenue 2024: $2,954,547Expenses 2024: $3,858,915Net Income 2024: -$904,3682024

Highlighted filing

2019

Revenue$18,916,161
Expenses$2,485,210
Net Income$16,430,951
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Aug 11, 2020
Return Version
2019v5.1
Gross Receipts
$21,595,432
Mission and Program Overview

Mission

The southern nevada operating engineers journeyman and apprentice training trust was established to provide training to eligible participants.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$6,523,753$22,959,577▲ $16,435,824
Investments in Publicly Traded Securities$2,236,608$13,207,986▲ $10,971,378
Savings and Temporary Cash Investments$119,761$8,000,595▲ $7,880,834
Land, Buildings, and Equipment, Net$3,587,133$1,107,310▼ $2,479,823
Accounts Receivable$409,540$448,227▲ $38,687
Cash and Non-Interest-Bearing Accounts$177,838$51,890▼ $125,948
Prepaid Expenses and Deferred Charges$45,758$49,383▲ $3,625
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$6,576,638$23,015,391▲ $16,438,753
Other Assets Total$0$150,000▲ $150,000
Liabilities
Accounts Payable and Accrued Expenses$52,885$55,814▲ $2,929
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$52,885$55,814▲ $2,929
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,523,753$22,959,577▲ $16,435,824
Total Liabilities and Net Assets / Fund Balance$6,576,638$23,015,391▲ $16,438,753

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$927,800$3,688,892$4,616,692
Buildings$173,220-$173,220
Other Land Buildings$6,290$141,650$147,940
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Louis LoupiasCoordinatorFT$136,823$69,034$205,857
Earl U MontoyaInstructorFT$119,834$60,532$180,366
Chris K TrolsonInstructorFT$110,121$59,782$169,903
Terry LuxInstructorFT$109,780$59,782$169,562
Stephen L PastorelliInstructorFT$109,670$59,782$169,452

Board Members and Trustees

NameTitle
Shawn KinseyChairman
Ronald SikorskiAlternate Trustee
Brady StevensTrustee
David MarshallTrustee
Nick DifrancoTrustee
William MaherTrustee
Patrick VelasquezSecretary
Richard EwingSecretary - Past

Highest Paid Contractors

ContractorServicesLocationCompensation
Laquer Urban Clifford HodgeLegal Services225 S LAKE AVE STE 200, Pasadena, CA 91101$158,318
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,516,343
Investment Income
$16,257,569
Other Revenue
$142,249
Change in Net Assets
$16,430,951

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,916,161
Revenue Not Reported on Form 990
$1,279
Total Revenue per Audited Statements
$18,917,440
Total Revenue per Form 990
$18,916,161
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,245,319
Other Expenses$1,239,891
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$813,810$0-$813,810
Pension Plan Contributions$263,816$0-$263,816
Fees for Services Legal$0$171,771-$171,771
Depreciation Depletion$168,703$0-$168,703
Other Employee Benefits$100,656$0-$100,656
Occupancy$12,632$63,181-$75,813
Payroll Taxes$67,037$0-$67,037
Office Expenses$0$63,962-$63,962
Insurance$0$63,274-$63,274
Payments to Affiliates$60,484$0-$60,484
Travel$46,564$0-$46,564
Fees for Services Management$0$22,517-$22,517
Other Expenses$21,623$0$0$21,623
Conferences and Meetings$15,230$0-$15,230
Fees for Services Other-$10,828-$10,828
Fees for Services Accounting$0$10,000-$10,000
All Other Expenses$4,042--$4,042
Fees for Service Investment Mgmnt Fees$0$3,594-$3,594
Total Functional Expenses$2,076,083$409,127$0$2,485,210

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,485,210
Expenses per Audited Statements$2,481,616
Total Expenses per Audited Statements$2,481,616
Expenses Not Reported on Financial Statements$3,594
Other Expense Adjustments$3,594
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes
Filing and Contact Details

Filer

Filer Name
Southern Nevada Operating Engineers
EIN
88-0094927
In Care Of
% JOSEPH R EHRBAR
Phone
6263561000
Address
100 CORSON ST, PASADENA, CA 91103

Signing Officer

Name
Joseph R Ehrbar
Title
fund manager
Phone
6263561000
Signed
2020-08-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph R Ehrbar
Formed
1962
Legal Domicile
Nv
Voting Board Members
7
Independent Board Members
0
Employees
25
Volunteers
0

Preparer

Firm
Miller Kaplan Arase Llp
Address
4123 LANKERSHIM BLVD, NORTH HOLLYWOOD, CA 91602-2828
Preparer
Douglas Waite
Phone
8187692010
Supplemental Narrative

Additional Explanations

PART I, LINE 1 AND PART III, LINES 1 AND 4A:

to promote and improve training and apprenticeship in the operating engineer craft covered by the collective bargaining agreements. part vi, line 3: operating engineers funds, inc. oversees management duties and provides administrative services. part vi, lines 6-7: the voting members of the trust consists of eight trustees, four "employer trusteesfour trustees." there is one vacancy on the "employer side". part vi, line 11b: form 990 was distributed to the responsible trust administrator and was reviewed before it was filed. part vi, line 15a: an independent person reviews the salaries of employees to comparable salaries of similar positions. the board of trustees do not receive ompensation. the trust does not have other officers or "key employees", as defined. part vi, line 19: the trust's governing documents, policies, and financial statements are available for inspection upon written request. additionally, copies of financial statements are distributed to the trustees on a regular basis.

Financial Statement Notes

PART X, LINE 2:

Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the trust and recognize a tax liability if the trust has taken a position that more likely than not would not be sustained upon examination by a tax authority. The trust is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Part xi, line 2d: investment custodian fees offset with investment income on audited financial statements and reported on form 900, part ix, line 11f. Part xii, line 4b: investment custodian fees offset with investment income on audited financial statements and reported on form 900, part ix, line 11f.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0COORDINATOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1INSTRUCTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2INSTRUCTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3INSTRUCTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4INSTRUCTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11ALTERNATE TRUSTEE
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IRS990/LocalChaptersInd0false
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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
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IRS990/MissionDesc0SEE SCHEDULE O
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/OtherExpensesGrp/Desc3EDUCATIONAL MAT'LS & SUPP
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt049383
IRS990/PrincipalOfficerNm0JOSEPH R EHRBAR
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0EMPLOYER CONTRIBUTIONS
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02516343
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IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
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IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt061194
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
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IRS990/PYOtherRevenueAmt0158057
IRS990/PYProgramServiceRevenueAmt02227716
IRS990/PYRevenuesLessExpensesAmt0208322
IRS990/PYSalariesCompEmpBnftPaidAmt01229921
IRS990/PYTotalExpensesAmt02238645
IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
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IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.8$0.21$21.6$2.95$3.86$0.90
2023Detailed filing. Detailed filing data is available for this year.$22.6$0.17$22.5$3.29$3.69$0.40
2022Detailed filing. Detailed filing data is available for this year.$23.1$0.28$22.8$2.68$3.53$0.85
2021Detailed filing. Detailed filing data is available for this year.$24.2$0.24$23.9$2.79$2.92$0.14
2020Detailed filing. Detailed filing data is available for this year.$25.6$1.47$24.2$3.37$2.35$1.01
2019Detailed filing. Detailed filing data is available for this year.$23.0$0.06$23.0$18.9$2.49$16.4
2018Detailed filing. Detailed filing data is available for this year.$6.58$0.05$6.52$2.45$2.24$0.21
2017Detailed filing. Detailed filing data is available for this year.$6.39$0.04$6.35$2.12$1.99$0.13
2016Detailed filing. Detailed filing data is available for this year.$6.29$0.04$6.24$1.70$1.66$0.04
2015Detailed filing. Detailed filing data is available for this year.$6.25$0.05$6.20$1.39$1.54$0.15
2014Detailed filing. Detailed filing data is available for this year.$6.40$0.03$6.38$1.27$1.48$0.21
2013Detailed filing. Detailed filing data is available for this year.$6.62$0.03$6.59$1.30$1.88$0.57
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.27$0.05$7.23$2.13
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.64$0.04$7.60$2.12
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.64$0.06$8.58$2.33