Liabilities / Assets
96th percentile
Higher debt load relative to assets than 96% of similar nonprofits.
Industrial Training and Education Consortium of the Lehigh Valley
990EZ • Fiscal year 2025 • EIN 93-1656410
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.84x
Liabilities / Revenue
96th percentile
Higher debt load relative to revenue than 96% of similar nonprofits.
Net Margin
63rd percentile
Higher net margin than 63% of similar nonprofits.
Top Officer Pay
88th percentile
Higher top officer pay than 88% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
69th percentile
Faster asset growth than 69% of similar nonprofits.
Revenue Growth
99th percentile
Faster revenue growth than 99% of similar nonprofits.
Balance Sheet
Assets
Up$114,233
Up $19,951 (+21%) from 2024
Net Assets
Up$18,631
Up $18,702 (+26341%) from 2024
Liabilities
Up$95,602
Up $1,249 (+1.3%) from 2024
Revenue And Expenses
Revenue
Up$131,506
Up $124,638 (+1815%) from 2024
Expenses
Up$112,804
Up $85,266 (+310%) from 2024
Net Income
Up$18,702
Up $39,372 (+190%) from 2024
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- May 1, 2024 to Apr 30, 2025
- Signed
- Mar 4, 2026
- Return Version
- 2024v5.5
- Gross Receipts
- $131,506
Mission and Program Overview
Mission
The organization was established by lehigh valley manufacturing companies to provide industrial skills training and talent development services that meet the needs of the region's growing manufacturing sector.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| THE CONSORTIUM CONSISTS OF MANUFACTURERS, COMMUNITY AND WORKFORCE PARTNERS AND EDUCATORS WORKING TOGETHER TO MEET THE SKILLED LABOR NEEDS OF ADVANCED MANUFACTURERS IN THE LEHIGH VALLEY. | $0 | $57,692 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| MORTEN RASMUSSEN | Chair | - | $0 | - | - |
| MARK TERVALON | Vice Chair | - | $0 | - | - |
| AYESHA HERRERA | Secretary | - | $0 | - | - |
| THOMAS KOLBE | Treasurer | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Industrial Training and Education
- EIN
- 93-1656410
- Phone
- 6102666775
- Address
- 520 N NEW STREET, BETHLEHEM, PA 18018
Signing Officer
- Name
- Morten Rasmussen
- Title
- Chair
- Phone
- 6102666775
- Signed
- 2026-03-04
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Campbell Rappold & Yurasits Llp
- Address
- 1033 S CEDAR CREST BLVD, ALLENTOWN, PA 18103-5443
- Preparer
- John R Zayaitz CPA
- Phone
- 6104357489
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 8 - Other Revenue
“Description: interest income. Amount: 2,066.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: fees to lvedc. Amount: 50,000. Description: insurance. Amount: 1,727. Description: program expenses. Amount: 50,050. Description: amortization. Amount: 2,167. Description: marketing. Amount: 2,440. Total to form 990-ez, line 16: 106,384.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: prepaid expenses. Beg. Of year amount: 734. End of year amount: 2,184. Description: other depreciable assets. Beg. Of year amount: 4,875. End of year amount: 2,708.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: accounts payable. Beg. Of year amount: 4,353. End of year amount: 10,602. Description: deferred revenue - membership dues. Beg. Of year amount: 90,000. End of year amount: 85,000.”
Raw XML Appendix153 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.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | JAIME M WHALEN |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 6102666775 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 520 N NEW STREET |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | BETHLEHEM |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | PA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 18018 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 88673 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 109341 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 1940 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 18702 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 6420 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 94282 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 114233 |
| IRS990EZ/GrossReceiptsAmt | 0 | 131506 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MembershipDuesAmt | 0 | 127500 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | -71 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 18631 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | -71 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 18631 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | MORTEN RASMUSSEN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | MARK TERVALON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | AYESHA HERRERA |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | THOMAS KOLBE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | CHAIR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | VICE CHAIR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | TREASURER |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 5609 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 4892 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 106384 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 2066 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE ORGANIZATION WAS ESTABLISHED BY LEHIGH VALLEY MANUFACTURING COMPANIES TO PROVIDE INDUSTRIAL SKILLS TRAINING AND TALENT DEVELOPMENT SERVICES THAT MEET THE NEEDS OF THE REGION'S GROWING MANUFACTURING SECTOR. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | THE CONSORTIUM CONSISTS OF MANUFACTURERS, COMMUNITY AND WORKFORCE PARTNERS AND EDUCATORS WORKING TOGETHER TO MEET THE SKILLED LABOR NEEDS OF ADVANCED MANUFACTURERS IN THE LEHIGH VALLEY. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 57692 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 94353 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 95602 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 112804 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 57692 |
| IRS990EZ/TotalRevenueAmt | 0 | 131506 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | HTTPS://ITECLEHIGHVALLEY.ORG |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 129440 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 6500 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 25000 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 160940 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 160940 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 129440 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 6500 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 25000 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 160940 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 129440 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 6500 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 25000 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 160940 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: INTEREST INCOME. AMOUNT: 2,066. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: FEES TO LVEDC. AMOUNT: 50,000. DESCRIPTION: INSURANCE. AMOUNT: 1,727. DESCRIPTION: PROGRAM EXPENSES. AMOUNT: 50,050. DESCRIPTION: AMORTIZATION. AMOUNT: 2,167. DESCRIPTION: MARKETING. AMOUNT: 2,440. TOTAL TO FORM 990-EZ, LINE 16: 106,384. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: PREPAID EXPENSES. BEG. OF YEAR AMOUNT: 734. END OF YEAR AMOUNT: 2,184. DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 4,875. END OF YEAR AMOUNT: 2,708. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 4,353. END OF YEAR AMOUNT: 10,602. DESCRIPTION: DEFERRED REVENUE - MEMBERSHIP DUES. BEG. OF YEAR AMOUNT: 90,000. END OF YEAR AMOUNT: 85,000. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MORTEN RASMUSSEN |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CHAIR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6102666775 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2026-03-04 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | INDUSTRIAL TRAINING AND EDUCATION |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | CONSORTIUM OF THE LEHIGH VALLEY |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | INDU |
| ReturnHeader/Filer/EIN | 0 | 931656410 |
| ReturnHeader/Filer/PhoneNum | 0 | 6102666775 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 520 N NEW STREET |
| ReturnHeader/Filer/USAddress/CityNm | 0 | BETHLEHEM |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | PA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 18018 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 0 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 231386942 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | CAMPBELL RAPPOLD & YURASITS LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1033 S CEDAR CREST BLVD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | ALLENTOWN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | PA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 181035443 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6104357489 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2026-03-04 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JOHN R ZAYAITZ CPA |
| ReturnHeader/ReturnTs | 0 | 2026-03-10T14:36:25-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-05-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2025-04-30 |
| ReturnHeader/TaxYr | 0 | 2024 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2025 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $114,233
- Liabilities
- $95,602
- Net assets
- $18,631
- Revenue
- $131,506
- Expenses
- $112,804
- Net income
- $18,702