Civic Intelligence

Stationary Engineers Training Trust

990 • Fiscal year 2019 • EIN 91-1001810

Aug 01, 2018 to Jul 31, 2019 • Filed on Jun 04, 2020

7525 SE 24th Street Suite 200Mercer Island, WA 98040

(206) 329-4900

Siviq Scores

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

Liabilities / Assets

69th percentile

0.01x

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

2019 filings • 501(c)5 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

64th percentile

0.01x

Higher debt load relative to revenue than 64% of similar nonprofits.

2019 filings • 501(c)5 • <$500k nonprofits • Source year 2019

Net Margin

79th percentile

18%

Higher net margin than 79% of similar nonprofits.

2019 filings • 501(c)5 • <$500k nonprofits • Source year 2019

Top Officer Pay

48th percentile

$0

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)5 • <$500k nonprofits • Source year 2019

Asset Growth

91st percentile

37%

Faster asset growth than 91% of similar nonprofits.

2019 filings • 501(c)5 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

56th percentile

2.4%

Faster revenue growth than 56% of similar nonprofits.

2019 filings • 501(c)5 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$250,712

Up $67,271 (+37%) from 2018

Net Assets

Up

$248,184

Up $68,770 (+38%) from 2018

Liabilities

Down

$2,528

Down $1,499 (-37%) from 2018

Revenue

Up

$374,492

Up $8,868 (+2.4%) from 2018

Expenses

Down

$305,722

Down $8,968 (-2.8%) from 2018

Net Income

Up

$68,770

Up $17,836 (+35%) from 2018

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2010: $425,056Liabilities 2010: $523Net Assets 2010: $424,5332010Assets 2011: $432,697Liabilities 2011: $3,441Net Assets 2011: $429,2562011Assets 2012: $353,407Liabilities 2012: $2,417Net Assets 2012: $350,9912012Assets 2013: $294,675Liabilities 2013: $3,611Net Assets 2013: $291,0642013Assets 2014: $253,003Liabilities 2014: $3,780Net Assets 2014: $249,2232014Assets 2015: $183,996Liabilities 2015: $3,646Net Assets 2015: $180,3502015Assets 2016: $147,712Liabilities 2016: $6,490Net Assets 2016: $141,2222016Assets 2017: $132,443Liabilities 2017: $3,963Net Assets 2017: $128,4802017Assets 2018: $183,441Liabilities 2018: $4,027Net Assets 2018: $179,4142018Assets 2019: $250,712Liabilities 2019: $2,528Net Assets 2019: $248,1842019Assets 2020: $356,158Liabilities 2020: $3,999Net Assets 2020: $352,1592020Assets 2021: $467,802Liabilities 2021: $5,696Net Assets 2021: $462,1062021Assets 2022: $448,572Liabilities 2022: $5,408Net Assets 2022: $443,1642022Assets 2023: $456,490Liabilities 2023: $4,035Net Assets 2023: $452,4552023Assets 2024: $423,120Liabilities 2024: $4,823Net Assets 2024: $418,2972024

Highlighted filing

2019

Assets$250,712
Liabilities$2,528
Net Assets$248,184

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2010: $374,736Expenses 2010: $366,257Net Income 2010: $8,4792010Revenue 2011: $360,160Expenses 2011: $355,437Net Income 2011: $4,7232011Revenue 2012: $370,237Expenses 2012: $448,503Net Income 2012: -$78,2662012Expenses 2013: $435,7232013Revenue 2014: $353,166Expenses 2014: $395,007Net Income 2014: -$41,8412014Revenue 2015: $272,846Expenses 2015: $341,719Net Income 2015: -$68,8732015Revenue 2016: $282,015Expenses 2016: $321,143Net Income 2016: -$39,1282016Revenue 2017: $326,543Expenses 2017: $339,285Net Income 2017: -$12,7422017Revenue 2018: $365,624Expenses 2018: $314,690Net Income 2018: $50,9342018Revenue 2019: $374,492Expenses 2019: $305,722Net Income 2019: $68,7702019Revenue 2020: $424,934Expenses 2020: $323,261Net Income 2020: $101,6732020Revenue 2021: $437,281Expenses 2021: $330,561Net Income 2021: $106,7202021Revenue 2022: $370,527Expenses 2022: $363,428Net Income 2022: $7,0992022Revenue 2023: $298,397Expenses 2023: $286,247Net Income 2023: $12,1502023Revenue 2024: $364,355Expenses 2024: $414,825Net Income 2024: -$50,4702024

Highlighted filing

2019

Revenue$374,492
Expenses$305,722
Net Income$68,770
Jump To
Filing Snapshot
Filing Period
Aug 1, 2018 to Jul 31, 2019
Signed
Jun 4, 2020
Return Version
2018v3.1
Gross Receipts
$374,492
Mission and Program Overview

Mission

Revenues are collected for the purpose of reimbursing stationary engineers for costs related to training in the industry which is the basis for the exemption of this organization.

The trust makes reimbursements related to training and certification of stationary engineers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$179,414$248,184▲ $68,770
Cash and Non-Interest-Bearing Accounts$171,781$236,258▲ $64,477
Accounts Receivable-$9,000-
Land, Buildings, and Equipment, Net$10,900$4,456▼ $6,444
Prepaid Expenses and Deferred Charges$760$998▲ $238
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$183,441$250,712▲ $67,271
Liabilities
Accounts Payable and Accrued Expenses$4,027$2,528▼ $1,499
Total Liabilities$4,027$2,528▼ $1,499
Net Assets / Fund Balance
Total Net Assets Fund Balance$179,414$248,184▲ $68,770
Total Liabilities and Net Assets / Fund Balance$183,441$250,712▲ $67,271

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,456$51,771$56,227
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dane RawlinsTrust Chairman
Jim PyetteFormer Trustee
Mike BollingTrustee
Paul FavroTrustee
Erik KnowlesTrust Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$370,492
Investment Income
$0
Other Revenue
$4,000
Change in Net Assets
$68,770

Audited Revenue Reconciliation

Revenue per Audited Statements
$374,492
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$374,492
Total Revenue per Form 990
$374,492
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$173,406
Salaries, Compensation, and Employee Benefits$132,316
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$55,609$27,804-$83,413
Other Employee Benefits$20,249$10,125-$30,374
Occupancy$22,418--$22,418
Pension Plan Contributions$7,790$3,895-$11,685
Fees for Services Accounting-$9,800-$9,800
Office Expenses-$9,745-$9,745
Fees for Services Management-$9,229-$9,229
Payroll Taxes$4,563$2,281-$6,844
Depreciation Depletion$6,317--$6,317
Travel$4,000--$4,000
Insurance-$3,671-$3,671
Conferences and Meetings-$2,638-$2,638
Other Expenses$5,196$502-$502
All Other Expenses$377--$377
Total Functional Expenses$226,032$79,690$0$305,722

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$305,722
Total Expenses per Audited Statements$305,722
Total Expenses per Form 990$305,722
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
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
No
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

Day to day operation of the organization is handled by a third party administrator: welfare and pension administration service, inc.

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

The board of trustees had no committees.

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

The form 990 was reviewed by the board before filing.

Form 990, Part VI, Section B, Line 15

The board of trustees review the compensation package on an annual basis.

Form 990, Part VI, Section C, Line 19

The organization makes its documents and financial statements available upon request through the plan administrator.

LINE 6: FORM 990, PART VII, SECTION A

Trustees are not compensated by the trust, compensation paid to trustees employed by other related tax-exempt organizations is reported of form 990 filed with the internal revenue service by the related tax exempt organization. If you would like additional information please contact the plan administrator.

Filing and Contact Details

Filer

Filer Name
Stationary Engineers Training Trust
EIN
91-1001810
Phone
2063294900
Address
7525 SE 24TH STREET SUITE 200, MERCER ISLAND, WA 98040

Signing Officer

Name
Daren Konopaski
Title
Chair
Phone
2063294900
Signed
2020-06-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daren Konopaski
Formed
1977
Legal Domicile
Wa
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
5

Preparer

Firm
Cliftonlarsonallen Llp
Address
10700 NORTHUP WAY SUITE 200, BELLEVUE, WA 98004
Preparer
Michael T Mead CPA
Phone
4252506100
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process of selection and oversight of the audit has not changed over the prior year.

Financial Statement Notes

PART X, LINE 2:

The trust established under the plan to hold the plan's assets is intended to qualify pursuant to section 501(c)5 of the internal revenue code (irc), and, accordingly, the trust's net investment income is exempt from income taxes. The plan has obtained a favorable determination letter from the internal revenue service (irs) and the plan sponsor believes that the plan, as amended, continues to qualify and to operate in accordance with applicable provisions of the irs. The plan follows financial accounting standards board accounting standards codification topic 740, income taxes (topic 740). Topic 740 clarifies the accounting for uncertainty in income taxes.

Raw XML Appendix353 raw XML fields

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 PLAN TO HOLD THE PLAN'S ASSETS IS INTENDED TO QUALIFY PURSUANT TO SECTION 501(C)5 OF THE INTERNAL REVENUE CODE (IRC), AND, ACCORDINGLY, THE TRUST'S NET INVESTMENT INCOME IS EXEMPT FROM INCOME TAXES. THE PLAN HAS OBTAINED A FAVORABLE DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE (IRS) AND THE PLAN SPONSOR BELIEVES THAT THE PLAN, AS AMENDED, CONTINUES TO QUALIFY AND TO OPERATE IN ACCORDANCE WITH APPLICABLE PROVISIONS OF THE IRS. THE PLAN FOLLOWS FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION TOPIC 740, INCOME TAXES (TOPIC 740). TOPIC 740 CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF TRUSTEES HAD NO COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 WAS REVIEWED BY THE BOARD BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF TRUSTEES REVIEW THE COMPENSATION PACKAGE ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST THROUGH THE PLAN ADMINISTRATOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TRUSTEES ARE NOT COMPENSATED BY THE TRUST, COMPENSATION PAID TO TRUSTEES EMPLOYED BY OTHER RELATED TAX-EXEMPT ORGANIZATIONS IS REPORTED OF FORM 990 FILED WITH THE INTERNAL REVENUE SERVICE BY THE RELATED TAX EXEMPT ORGANIZATION. IF YOU WOULD LIKE ADDITIONAL INFORMATION PLEASE CONTACT THE PLAN ADMINISTRATOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE PROCESS OF SELECTION AND OVERSIGHT OF THE AUDIT HAS NOT CHANGED OVER THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5LINE 6: FORM 990, PART VII, SECTION A
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IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0374492
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ReturnHeader/PreparerPersonGrp/PreparationDt02020-06-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL T MEAD CPA
ReturnHeader/ReturnTs02020-06-11T19:52:59-05:00
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ReturnHeader/TaxPeriodBeginDt02018-08-01
ReturnHeader/TaxPeriodEndDt02019-07-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.23$0.05$4.18$3.64$4.15$0.50
2023Detailed filing. Detailed filing data is available for this year.$4.56$0.04$4.52$2.98$2.86$0.12
2022Detailed filing. Detailed filing data is available for this year.$4.49$0.05$4.43$3.71$3.63$0.07
2021Detailed filing. Detailed filing data is available for this year.$4.68$0.06$4.62$4.37$3.31$1.07
2020Detailed filing. Detailed filing data is available for this year.$3.56$0.04$3.52$4.25$3.23$1.02
2019Detailed filing. Detailed filing data is available for this year.$2.51$0.03$2.48$3.74$3.06$0.69
2018Detailed filing. Detailed filing data is available for this year.$1.83$0.04$1.79$3.66$3.15$0.51
2017Detailed filing. Detailed filing data is available for this year.$1.32$0.04$1.28$3.27$3.39$0.13
2016Detailed filing. Detailed filing data is available for this year.$1.48$0.06$1.41$2.82$3.21$0.39
2015Detailed filing. Detailed filing data is available for this year.$1.84$0.04$1.80$2.73$3.42$0.69
2014Detailed filing. Detailed filing data is available for this year.$2.53$0.04$2.49$3.53$3.95$0.42
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.95$0.04$2.91$4.36
2012Summary only. Only limited summary data is available for this year.$3.53$0.02$3.51$3.70$4.49$0.78
2011Summary only. Only limited summary data is available for this year.$4.33$0.03$4.29$3.60$3.55$0.05
2010Summary only. Only limited summary data is available for this year.$4.25$0.01$4.25$3.75$3.66$0.08