Civic Intelligence

District Council 5 Apprenticeship and Training Trust Fund

990 • Fiscal year 2019 • EIN 91-6065393

Sep 01, 2018 to Aug 31, 2019 • Filed on Jul 15, 2020

6770 East Marginal Way South No 102Seattle, WA 98108

(206) 508-4355

Siviq Scores

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

Liabilities / Assets

11th percentile

0.01x

Higher debt load relative to assets than 11% of similar nonprofits.

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

Liabilities / Revenue

11th percentile

0.02x

Higher debt load relative to revenue than 11% of similar nonprofits.

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

Net Margin

86th percentile

34%

Higher net margin than 86% of similar nonprofits.

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

Top Officer Pay

26th percentile

$114,565

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

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

Asset Growth

72nd percentile

12%

Faster asset growth than 72% of similar nonprofits.

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

Revenue Growth

30th percentile

-2.7%

Faster revenue growth than 30% of similar nonprofits.

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

Assets

Up

$12,111,110

Up $1,291,054 (+12%) from 2018

Net Assets

Up

$12,039,140

Up $1,286,104 (+12%) from 2018

Liabilities

Up

$71,970

Up $4,950 (+7.4%) from 2018

Revenue

Down

$2,920,141

Down $82,479 (-2.7%) from 2018

Expenses

Down

$1,915,091

Down $313,823 (-14%) from 2018

Net Income

Up

$1,005,050

Up $231,344 (+30%) from 2018

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2010: $16,648,391Liabilities 2010: $6,975,888Net Assets 2010: $9,672,5032010Assets 2011: $16,040,559Liabilities 2011: $6,716,237Net Assets 2011: $9,324,3222011Assets 2012: $15,280,887Liabilities 2012: $6,178,261Net Assets 2012: $9,102,6262012Assets 2013: $14,821,354Liabilities 2013: $5,956,720Net Assets 2013: $8,864,6342013Assets 2014: $14,651,130Liabilities 2014: $5,752,752Net Assets 2014: $8,898,3782014Assets 2015: $14,484,368Liabilities 2015: $5,526,896Net Assets 2015: $8,957,4722015Assets 2016: $14,438,309Liabilities 2016: $5,338,378Net Assets 2016: $9,099,9312016Assets 2017: $10,039,425Liabilities 2017: $58,049Net Assets 2017: $9,981,3762017Assets 2018: $10,820,056Liabilities 2018: $67,020Net Assets 2018: $10,753,0362018Assets 2019: $12,111,110Liabilities 2019: $71,970Net Assets 2019: $12,039,1402019Assets 2020: $12,838,486Liabilities 2020: $101,085Net Assets 2020: $12,737,4012020Assets 2021: $13,517,788Liabilities 2021: $126,521Net Assets 2021: $13,391,2672021Assets 2022: $13,540,521Liabilities 2022: $124,898Net Assets 2022: $13,415,6232022Assets 2023: $13,365,843Liabilities 2023: $234,811Net Assets 2023: $13,131,0322023Assets 2024: $13,411,220Liabilities 2024: $119,889Net Assets 2024: $13,291,3312024

Highlighted filing

2019

Assets$12,111,110
Liabilities$71,970
Net Assets$12,039,140

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,967,6492010Revenue 2011: $1,388,532Expenses 2011: $1,729,233Net Income 2011: -$340,7012011Expenses 2012: $1,702,8202012Expenses 2013: $1,715,7362013Revenue 2014: $1,785,835Expenses 2014: $1,763,635Net Income 2014: $22,2002014Revenue 2015: $1,978,474Expenses 2015: $1,911,208Net Income 2015: $67,2662015Revenue 2016: $2,526,886Expenses 2016: $2,390,418Net Income 2016: $136,4682016Revenue 2017: $3,109,431Expenses 2017: $2,227,640Net Income 2017: $881,7912017Revenue 2018: $3,002,620Expenses 2018: $2,228,914Net Income 2018: $773,7062018Revenue 2019: $2,920,141Expenses 2019: $1,915,091Net Income 2019: $1,005,0502019Revenue 2020: $2,459,405Expenses 2020: $1,766,577Net Income 2020: $692,8282020Revenue 2021: $2,823,571Expenses 2021: $2,145,364Net Income 2021: $678,2072021Revenue 2022: $2,386,103Expenses 2022: $2,289,095Net Income 2022: $97,0082022Revenue 2023: $2,678,035Expenses 2023: $2,969,430Net Income 2023: -$291,3952023Revenue 2024: $2,596,129Expenses 2024: $2,542,805Net Income 2024: $53,3242024

Highlighted filing

2019

Revenue$2,920,141
Expenses$1,915,091
Net Income$1,005,050
Jump To
Filing Snapshot
Filing Period
Sep 1, 2018 to Aug 31, 2019
Signed
Jul 15, 2020
Return Version
2018v3.2
Gross Receipts
$4,438,462
Mission and Program Overview

Mission

The Trust provides apprentice and journeyman training programs to participants in the painting, drywall, floor covering, glaziers, and sign painter/paint makers industries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,029,562$8,033,059▲ $3,497
Cash and Non-Interest-Bearing Accounts$1,279,851$1,939,639▲ $659,788
Investments in Publicly Traded Securities$1,011,630$1,352,817▲ $341,187
Savings and Temporary Cash Investments$162,442$428,221▲ $265,779
Accounts Receivable$320,396$342,266▲ $21,870
Prepaid Expenses and Deferred Charges$12,924$11,612▼ $1,312
Total Assets$10,820,056$12,111,110▲ $1,291,054
Other Assets Total$3,251$3,496▲ $245
Liabilities
Accounts Payable and Accrued Expenses$67,020$71,970▲ $4,950
Total Liabilities$67,020$71,970▲ $4,950
Net Assets / Fund Balance
Unrestricted Net Assets$10,753,036$12,039,140▲ $1,286,104
Total Net Assets Fund Balance$10,753,036$12,039,140▲ $1,286,104
Total Liabilities and Net Assets / Fund Balance$10,820,056$12,111,110▲ $1,291,054

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,797,614$3,092,286$10,889,900
Equipment$187,484$404,375$591,859
Other Land Buildings$47,961$24,441$72,402
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Sarah SwarthoutDirector of TrainingFT$114,565$114,565
Mark BeaufaitDirector of Training (former)FT$110,188$110,188
Douglas WagnerAssistant Director of TrainingFT$103,183$103,183

Board Members and Trustees

NameTitle
Lisa DerosiaChairman
Brent ReedTrustee
David CliftonTrustee
Gary LilesTrustee
Jim McdadeTrustee
Joe KaiserTrustee
Kevin SutherlandTrustee
Mike CassidyTrustee
Phil LindquistTrustee
Todd SpringerTrustee

Highest Paid Contractors

ContractorServicesLocationCompensation
Sellen ConstructionConstruction Conractor227 WESTLAKE AVENUE NORTH, Seattle, WA 98109$129,885
Revenue and Support

Revenue Composition

Contributions and Grants
$5,372
Program Service Revenue
$3,018,179
Investment Income
$29,607
Other Revenue
$-133,017
All Other Contributions
$5,372
Change in Net Assets
$1,005,050

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,919,502
Revenue Not Reported on Financial Statements
$639
Revenue Not Reported on Form 990
$502,731
Total Revenue per Audited Statements
$3,422,233
Total Revenue per Form 990
$2,920,141
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,000,087
Salaries, Compensation, and Employee Benefits$915,004
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$446,509--$446,509
Current Officers, Directors, Trustees, and Key Employees$224,753--$224,753
Other Employee Benefits-$184,650-$184,650
Office Expenses-$60,255-$60,255
Payroll Taxes-$59,092-$59,092
Insurance-$57,343-$57,343
Information Technology-$55,477-$55,477
Fees for Services Management-$52,041-$52,041
All Other Expenses$20,986$25,649-$46,635
Fees for Services Legal-$41,946-$41,946
Travel-$34,282-$34,282
Depreciation Depletion-$31,247-$31,247
Advertising-$23,630-$23,630
Fees for Services Accounting-$21,497-$21,497
Other Expenses$18,833--$18,833
Conferences and Meetings-$12,426-$12,426
Fees for Service Investment Mgmnt Fees-$639-$639
Total Functional Expenses$1,254,917$660,174$0$1,915,091

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,403,129
Total Expenses per Form 990$1,915,091
Expenses per Audited Statements$1,914,452
Expenses Not Reported on Form 990$488,677
Expenses Not Reported on Financial Statements$639
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
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
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
No

Governance Explanations

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

The director of training reviews the form 990 for completeness and accuracy.

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

All purchases and agreements are vetted by both professionals, as well as the entire board of trustees on a regular basis to ensure and monitor compliance with the conflict of interest policy.

Form 990, Part VI, Section C, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
District Council 5 Apprenticeship &
EIN
91-6065393
Phone
2065084355
Address
6770 EAST MARGINAL WAY SOUTH NO 102, SEATTLE, WA 98108
Doing Business As
Finishing Trades Institute Northwest

Signing Officer

Name
Sarah M Swarthout
Title
Director of Training
Phone
2065084355
Signed
2020-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sarah M Swarthout
Formed
1965
Legal Domicile
Wa
Voting Board Members
10
Independent Board Members
10
Employees
56
Volunteers
10

Preparer

Firm
Anastasi Moore & Martin Pllc
Address
9 S WASHINGTON ST STE 600, SPOKANE, WA 99201
Preparer
Paul Anastasi
Phone
5093230272
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Net assets transferred from the utah painters and allied trades edu tr fd 267,000.

Form 990, Part XII, Line 2C

No changes were made to the oversight or selection process of an independent accountant during the tax year.

Financial Statement Notes

PART X, LINE 2:

The trust is exempt from federal income taxes under section 501(c)(3) of the internal revenue code (irc). The trust obtained its latest tax determination letter on january 22, 2001, in which the internal revenue service stated that the trust, as then designed, was in compliance with the applicable requirements of the irc. The board of trustees believes the trust continues to qualify and to operate in accordance with applicable provisions of the irc. However, the trust is subject to unrelated business income tax on the rental activity of the trust. The trust has adopted fasb asc 740-10, relating to accounting for uncertain tax positions. Asc 74010 prescribes a recognition threshold and measurement process for accounting for uncertain tax positions and also provides guidance on various related matters such as derecognition, interest, penalties, and disclosures required. The trust does not have any uncertain tax positions.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Occupancy (rental expenses) 488,677.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Occupancy (rental expenses) 488,677.

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IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR OF TRAINING
IRS990/Form990PartVIISectionAGrp/TitleTxt11ASSISTANT DIRECTOR OF TRAINING
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR OF TRAINING (FORMER)
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01965
IRS990/FormerOfcrEmployeesListedInd01
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt05735
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01035379
IRS990/GrossReceiptsAmt04438462
IRS990/GrossRentsGrp/RealAmt0240248
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt055477
IRS990/InformationTechnologyGrp/TotalAmt055477
IRS990/InsuranceGrp/ManagementAndGeneralAmt057343
IRS990/InsuranceGrp/TotalAmt057343
IRS990/InvestmentIncomeGrp/ExclusionAmt023872
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt023872
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01011630
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01352817
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03521102
IRS990/LandBldgEquipBasisNetGrp/BOYAmt08029562
IRS990/LandBldgEquipBasisNetGrp/EOYAmt08033059
IRS990/LandBldgEquipCostOrOtherBssAmt011554161
IRS990/LegalDomicileStateCd0WA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01029644
IRS990/LessRentalExpensesGrp/RealAmt0488677
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE TRUST PROVIDES APPRENTICE AND JOURNEYMAN TRAINING PROGRAMS TO PARTICIPANTS IN THE PAINTING, DRYWALL, FLOOR COVERING, GLAZIERS, AND SIGN PAINTER/PAINT MAKERS INDUSTRIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt010753036
IRS990/NetAssetsOrFundBalancesEOYAmt012039140
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt05735
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt05735
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0-248429
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-248429
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt014054
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt060255
IRS990/OfficeExpensesGrp/TotalAmt060255
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03251
IRS990/OtherAssetsTotalGrp/EOYAmt03496
IRS990/OtherChangesInNetAssetsAmt0267000
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0184650
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0184650
IRS990/OtherExpensesGrp/Desc0INSTRUCTORS
IRS990/OtherExpensesGrp/Desc1SUPPLIES AND MATERIALS
IRS990/OtherExpensesGrp/Desc2GRADUATION AND CONTEST
IRS990/OtherExpensesGrp/Desc3INSTRUCTOR TRAINING
IRS990/OtherExpensesGrp/ProgramServicesAmt0342352
IRS990/OtherExpensesGrp/ProgramServicesAmt1171129
IRS990/OtherExpensesGrp/ProgramServicesAmt230355
IRS990/OtherExpensesGrp/ProgramServicesAmt318833
IRS990/OtherExpensesGrp/TotalAmt0342352
IRS990/OtherExpensesGrp/TotalAmt1171129
IRS990/OtherExpensesGrp/TotalAmt230355
IRS990/OtherExpensesGrp/TotalAmt318833
IRS990/OtherRevenueMiscGrp/BusinessCd0611600
IRS990/OtherRevenueMiscGrp/BusinessCd1611600
IRS990/OtherRevenueMiscGrp/Desc0EXPENSE REIMBURSEMENTS
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0114886
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1526
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0114886
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1526
IRS990/OtherRevenueTotalAmt0115412
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0446509
IRS990/OtherSalariesAndWagesGrp/TotalAmt0446509
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt059092
IRS990/PayrollTaxesGrp/TotalAmt059092
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012924
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011612
IRS990/PrincipalOfficerNm0SARAH M SWARTHOUT
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0EMPLOYER CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03018179
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03018179
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03678
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt011460
IRS990/PYOtherExpensesAmt01288158
IRS990/PYOtherRevenueAmt091226
IRS990/PYProgramServiceRevenueAmt02896256
IRS990/PYRevenuesLessExpensesAmt0773706
IRS990/PYSalariesCompEmpBnftPaidAmt0940756
IRS990/PYTotalExpensesAmt02228914
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03002620
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt01005050
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0-248429
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02890897
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0162442
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0428221
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt07797614
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03092286
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt010889900
IRS990ScheduleD/EquipmentGrp/BookValueAmt0187484
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0404375
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0591859
IRS990ScheduleD/ExpensesNotReportedAmt0488677
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0639
IRS990ScheduleD/ExpensesSubtotalAmt01914452
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt0639
IRS990ScheduleD/InvestmentExpensesNotIncldAmt0639
IRS990ScheduleD/NetUnrealizedGainsInvstAmt014054
IRS990ScheduleD/OtherExpensesIncludedAmt0488677
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt047961
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt024441
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt072402
IRS990ScheduleD/OtherRevenueAmt0488677
IRS990ScheduleD/RevenueNotReportedAmt0502731
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0639
IRS990ScheduleD/RevenueSubtotalAmt02919502
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE TRUST IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THE TRUST OBTAINED ITS LATEST TAX DETERMINATION LETTER ON JANUARY 22, 2001, IN WHICH THE INTERNAL REVENUE SERVICE STATED THAT THE TRUST, AS THEN DESIGNED, WAS IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC. THE BOARD OF TRUSTEES BELIEVES THE TRUST CONTINUES TO QUALIFY AND TO OPERATE IN ACCORDANCE WITH APPLICABLE PROVISIONS OF THE IRC. HOWEVER, THE TRUST IS SUBJECT TO UNRELATED BUSINESS INCOME TAX ON THE RENTAL ACTIVITY OF THE TRUST. THE TRUST HAS ADOPTED FASB ASC 740-10, RELATING TO ACCOUNTING FOR UNCERTAIN TAX POSITIONS. ASC 74010 PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PROCESS FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS AND ALSO PROVIDES GUIDANCE ON VARIOUS RELATED MATTERS SUCH AS DERECOGNITION, INTEREST, PENALTIES, AND DISCLOSURES REQUIRED. THE TRUST DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1OCCUPANCY (RENTAL EXPENSES) 488,677.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2OCCUPANCY (RENTAL EXPENSES) 488,677.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08033059
IRS990ScheduleD/TotalExpensesPerForm990Amt01915091
IRS990ScheduleD/TotalRevenuePerForm990Amt02920141
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03422233
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02403129
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ALL PRINTED REGISTRATION MATERIALS PRODUCED BY THE TRAINING TRUST INCLUDE ITS POLICY REGARDING RACIAL NONDISCRIMINATION
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990ScheduleJ/PaymentsForUseOfResidenceInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0110188
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.4$0.12$13.3$2.60$2.54$0.05
2023Summary only. Only limited summary data is available for this year.$13.4$0.23$13.1$2.68$2.97$0.29
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.5$0.12$13.4$2.39$2.29$0.10
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.5$0.13$13.4$2.82$2.15$0.68
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.8$0.10$12.7$2.46$1.77$0.69
2019Detailed filing. Detailed filing data is available for this year.$12.1$0.07$12.0$2.92$1.92$1.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.8$0.07$10.8$3.00$2.23$0.77
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.0$0.06$9.98$3.11$2.23$0.88
2016Detailed filing. Detailed filing data is available for this year.$14.4$5.34$9.10$2.53$2.39$0.14
2015Detailed filing. Detailed filing data is available for this year.$14.5$5.53$8.96$1.98$1.91$0.07
2014Detailed filing. Detailed filing data is available for this year.$14.7$5.75$8.90$1.79$1.76$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.8$5.96$8.86$1.72
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.3$6.18$9.10$1.70
2011Summary only. Only limited summary data is available for this year.$16.0$6.72$9.32$1.39$1.73$0.34
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.6$6.98$9.67$1.97