Civic Intelligence

Los Angeles Chapter National Tooling & Machining Association Training Ctr Trust

990 • Fiscal year 2016 • EIN 95-2540850

Mar 01, 2015 to Feb 29, 2016 • Filed on Jan 09, 2017

12131 Telegraph Road 2nd FloorSanta Fe Springs, CA 90670

(562) 404-4295

Siviq Scores

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

Liabilities / Assets

60th percentile

0.34x

Higher debt load relative to assets than 60% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

71st percentile

0.63x

Higher debt load relative to revenue than 71% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

11th percentile

-21%

Higher net margin than 11% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

48th percentile

$169,617

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

8th percentile

-11%

Faster asset growth than 8% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

16th percentile

-18%

Faster revenue growth than 16% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Down

$12,557,876

Down $1,531,452 (-11%) from 2015

Net Assets

Down

$8,341,712

Down $1,160,618 (-12%) from 2015

Liabilities

Down

$4,216,164

Down $370,834 (-8.1%) from 2015

Revenue

Down

$6,669,274

Down $1,438,125 (-18%) from 2015

Expenses

Down

$8,039,157

Down $426,518 (-5.0%) from 2015

Net Income

Down

-$1,369,883

Down $1,011,607 (-282%) from 2015

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $6,343,878Liabilities 2011: $391,071Net Assets 2011: $5,952,8072011Assets 2012: $7,219,058Liabilities 2012: $744,955Net Assets 2012: $6,474,1032012Assets 2013: $8,483,674Liabilities 2013: $711,554Net Assets 2013: $7,772,1202013Assets 2014: $14,106,830Liabilities 2014: $4,588,380Net Assets 2014: $9,518,4502014Assets 2015: $14,089,328Liabilities 2015: $4,586,998Net Assets 2015: $9,502,3302015Assets 2016: $12,557,876Liabilities 2016: $4,216,164Net Assets 2016: $8,341,7122016Assets 2017: $10,978,866Liabilities 2017: $3,987,285Net Assets 2017: $6,991,5812017Assets 2018: $10,018,947Liabilities 2018: $3,965,052Net Assets 2018: $6,053,8952018Assets 2019: $8,726,773Liabilities 2019: $3,713,034Net Assets 2019: $5,013,7392019Assets 2020: $10,577,799Liabilities 2020: $3,525,861Net Assets 2020: $7,051,9382020Assets 2021: $10,111,558Liabilities 2021: $3,654,321Net Assets 2021: $6,457,2372021Assets 2022: $9,816,067Liabilities 2022: $3,533,134Net Assets 2022: $6,282,9332022Assets 2023: $7,144,490Liabilities 2023: $989,817Net Assets 2023: $6,154,6732023Assets 2025: $7,340,914Liabilities 2025: $558,306Net Assets 2025: $6,782,6082025

Highlighted filing

2016

Assets$12,557,876
Liabilities$4,216,164
Net Assets$8,341,712

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2011: $7,504,638Expenses 2011: $6,927,080Net Income 2011: $577,5582011Revenue 2012: $7,298,615Expenses 2012: $6,810,428Net Income 2012: $488,1872012Revenue 2013: $8,740,367Expenses 2013: $7,550,098Net Income 2013: $1,190,2692013Revenue 2014: $9,801,825Expenses 2014: $8,358,579Net Income 2014: $1,443,2462014Revenue 2015: $8,107,399Expenses 2015: $8,465,675Net Income 2015: -$358,2762015Revenue 2016: $6,669,274Expenses 2016: $8,039,157Net Income 2016: -$1,369,8832016Revenue 2017: $5,418,078Expenses 2017: $6,798,224Net Income 2017: -$1,380,1462017Revenue 2018: $5,043,758Expenses 2018: $5,981,444Net Income 2018: -$937,6862018Revenue 2019: $4,232,969Expenses 2019: $5,273,125Net Income 2019: -$1,040,1562019Revenue 2020: $6,244,998Expenses 2020: $4,206,799Net Income 2020: $2,038,1992020Revenue 2021: $3,566,136Expenses 2021: $4,160,837Net Income 2021: -$594,7012021Revenue 2022: $5,418,208Expenses 2022: $5,134,718Net Income 2022: $283,4902022Revenue 2023: $4,006,825Expenses 2023: $4,135,085Net Income 2023: -$128,2602023Revenue 2025: $6,078,103Expenses 2025: $3,888,317Net Income 2025: $2,189,7862025

Highlighted filing

2016

Revenue$6,669,274
Expenses$8,039,157
Net Income-$1,369,883
Jump To
Filing Snapshot
Filing Period
Mar 1, 2015 to Feb 29, 2016
Signed
Jan 9, 2017
Return Version
2015v3.0
Gross Receipts
$6,673,344
Mission and Program Overview

Mission

La/ntma is formed to unite for mutual benefit, protection and improvement such person, firms and corporation as may be engaged in the tool and die industry or in the business of providing service, equipment or materials to said industry. To consider and deal with common intra-industry problems such as those in the production, distribution and employment functions of said industry; to secure cooperative action in advancing the common purpose of said industry; to foster equity and ethics in business usage and to promote activities and methods aimed at enabling said industry to conduct itself with the greatest economy, efficiency and harmony.

Tooling and machining training

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,359,477$8,089,163▼ $270,314
Savings and Temporary Cash Investments$5,349,767$4,146,525▼ $1,203,242
Pledges and Grants Receivable$130,066$115,629▼ $14,437
Total Assets$14,089,328$12,557,876▼ $1,531,452
Other Assets Total$250,018$206,559▼ $43,459
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,647,468$3,550,906▼ $96,562
Other Liabilities$736,223$564,674▼ $171,549
Accounts Payable and Accrued Expenses$203,307$100,584▼ $102,723
Total Liabilities$4,586,998$4,216,164▼ $370,834
Net Assets / Fund Balance
Unrestricted Net Assets$9,502,330$8,341,712▼ $1,160,618
Total Net Assets Fund Balance$9,502,330$8,341,712▼ $1,160,618
Total Liabilities and Net Assets / Fund Balance$14,089,328$12,557,876▼ $1,531,452

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,297,566$1,005,174$7,302,740
Equipment$445,285$4,113,592$4,558,877
Land$1,346,312-$1,346,312
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michael KerwinPresidentFT$169,617$169,617
Norma MezaFinancial Aid DirectorFT$131,856$131,856
Terry KerwinAdmissions & Marketing DirectorFT$131,823$131,823
Regina MarinelloCampus Director, NorwalkFT$130,960$130,960
James RagaisisExecutive Director of EducFT$122,142$122,142
Steve BuiInstructorFT$104,964$104,964

Board Members and Trustees

NameTitle
Jack BeggsTrustee
Jack FollmanTrustee
Paul SapraTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$131,188
Program Service Revenue
$6,423,935
Investment Income
$13,682
Other Revenue
$100,469
All Other Contributions
$131,188
Change in Net Assets
$-1,369,883

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,669,274
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$209,265
Total Revenue per Audited Statements
$6,878,539
Total Revenue per Form 990
$6,669,274
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,296,316
Other Expenses$3,742,841
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$3,588,927$225,408-$3,814,335
Advertising$975,936$6,224-$982,160
Office Expenses$382,683$8,155-$390,838
Insurance$344,827$36,495-$381,322
Depreciation Depletion$327,316$13,479-$340,795
Payroll Taxes$278,316$28,889-$307,205
All Other Expenses$148,390$156,641-$305,031
Other Expenses$162,083$53,205-$215,288
Current Officers, Directors, Trustees, and Key Employees-$174,776-$174,776
Interest$140,989$7,316-$148,305
Travel$47,745$20,796-$68,541
Total Functional Expenses$7,294,093$745,064$0$8,039,157

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,039,157
Total Expenses per Audited Statements$8,039,157
Total Expenses per Form 990$8,039,157
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
Fundraising Gross Income$4,915
Fundraising Direct Expenses$4,070
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Accrued Liabilities$564,674
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
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
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 11

Board, president and internal accountant review a draft in its entirety before it is filed with the irs.

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

Approval is required with the board and officer involved.

Form 990, Part VI, Section B, Line 15A

Board uses procedures noted in the question for the president, but the president determines for all other employees.

Form 990, Part VI, Section C, Line 19

It does upon written request

Filing and Contact Details

Filer

Filer Name
Los Angeles Chapter National Tooling &
EIN
95-2540850
Phone
5624044295
Address
12131 TELEGRAPH ROAD 2ND FLOOR, SANTA FE SPRINGS, CA 90670

Signing Officer

Name
Jack E Beggs
Title
Trustee
Phone
5624044295
Signed
2017-01-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jack E Beggs
Formed
1968
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
87
Volunteers
0

Preparer

Firm
Clark & Company
Address
2223 E WELLINGTON AVE SUITE 320, SANTA ANA, CA 92701
Preparer
Kerwin J Clark
Phone
7149728555
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

PROCESS HAS NOT CHANGED.

Financial Statement Notes

PART X, LINE 2:

The trust's federal forms 990, return of organization exempt from income tax, and california forms 199, california exempt organization annual information return, are subject to possible examination by the taxing authorities until the expiration of the related statutes of limitations on those returns. In general, the federal returns have a three year statute of limitations, and the state returns have a four year statute of limitations.

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IRS990/Desc0PROVIDE TECHNICAL TRAINING LEADING TO THE EMPLOYMENT AND RETRAINING OF APPROXIMATELY 500 STUDENTS PER YEAR FOR THE TOOLING AND MACHINING INDUSTRY IN SOUTHERN CALIFORNIA THROUGH RECEIPT OF STATE AND FEDERAL GRANTS.
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IRS990/OtherExpensesGrp/TotalAmt0440337
IRS990/OtherExpensesGrp/TotalAmt1235987
IRS990/OtherExpensesGrp/TotalAmt2234237
IRS990/OtherExpensesGrp/TotalAmt3215288
IRS990/OtherLiabilitiesGrp/BOYAmt0736223
IRS990/OtherLiabilitiesGrp/EOYAmt0564674
IRS990/OtherRevenueTotalAmt099624
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt028889
IRS990/PayrollTaxesGrp/ProgramServicesAmt0278316
IRS990/PayrollTaxesGrp/TotalAmt0307205
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0130066
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0115629
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JACK E BEGGS
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0126752
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt013724
IRS990/PYOtherExpensesAmt03937361
IRS990/PYOtherRevenueAmt058726
IRS990/PYProgramServiceRevenueAmt07908197
IRS990/PYRevenuesLessExpensesAmt0-358276
IRS990/PYSalariesCompEmpBnftPaidAmt04528314
IRS990/PYTotalExpensesAmt08465675
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08107399
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1369883
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt06537241
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05349767
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04146525
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt06297566
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01005174
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07302740
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0209265
IRS990ScheduleD/EquipmentGrp/BookValueAmt0445285
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04113592
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04558877
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt08039157
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01346312
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01346312
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0564674
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER ACCRUED LIABILITIES
IRS990ScheduleD/RevenueNotReportedAmt0209265
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06669274
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE TRUST'S FEDERAL FORMS 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, AND CALIFORNIA FORMS 199, CALIFORNIA EXEMPT ORGANIZATION ANNUAL INFORMATION RETURN, ARE SUBJECT TO POSSIBLE EXAMINATION BY THE TAXING AUTHORITIES UNTIL THE EXPIRATION OF THE RELATED STATUTES OF LIMITATIONS ON THOSE RETURNS. IN GENERAL, THE FEDERAL RETURNS HAVE A THREE YEAR STATUTE OF LIMITATIONS, AND THE STATE RETURNS HAVE A FOUR YEAR STATUTE OF LIMITATIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08089163
IRS990ScheduleD/TotalExpensesPerForm990Amt08039157
IRS990ScheduleD/TotalLiabilityAmt0564674
IRS990ScheduleD/TotalRevenuePerForm990Amt06669274
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06878539
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08039157
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ALL STUDENTS RECEIVE WRITTEN NOTIFICATION DURING THE REGISTRATION PERIOD.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE TRUST RECEIVES FUNDING FROM STATE AND FEDERAL PROGRAMS TO PROVIDE TRAINING IN TOOLING AND MACHINING TO STUDENTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd01
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0169617
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MICHAEL KERWIN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0169617
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0PROVIDED THAT ASSOCIATES MEET BASE EMPLOYMENT/VESTING REQUIREMENTS, ANY BENEFITS, WHICH MAY BE PAID UNDER THE PROGRAM ("ASSOCIATE BENEFITS"), SHALL BE PAID TO EACH QUALIFIED ASSOCIATE, AS W-2 COMPENSATION (I.E. SUBJECT TO THE APPLICABLE EMPLOYMENT/EMPLOYEE DEDUCTIONS) AND SHALL BE BASED ON THE CONSOLIDATED NET SURPLUS AT THE END OF EACH 6-MONTH PERIOD ENDING AUGUST 31ST AND FEBRUARY 28TH OF EACH FISCAL YEAR. CONSOLIDATED NET SURPLUS SHALL BE THE TOTAL INCOME OF THE NTMA TRUST, LESS COSTS AND EXPENSES, DETERMINED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. ASSOCIATE BENEFITS WILL ONLY BE DISTRIBUTED IF THE NTMA HAS A CONSOLIDATED NET SURPLUS, AT THE END OF EACH 6-MONTH PERIOD, GREATER THAN 5% TOTAL REVENUE (REVENUE FLOOR) DURING SUCH 6-MONTH PERIOD. ASSOCIATE BENEFITS ARE BASED UPON THE THEN CURRENT 6-MONTH PERIOD. (THERE IS NO ACCUMULATION OF ASSOCIATE BENEFITS). SUBJECT TO THE FOREGOING, THE TOTAL ASSOCIATE BENEFITS TO BE DISTRIBUTED (TO ALL ASSOCIATES), FOR ANY 6-MONTH PERIOD, SHALL BE EQUAL TO APPROXIMATELY 10% OF CONSOLIDATED NET SURPLUS, DISTRIBUTED IN ACCORDANCE WITH A TIERED PLAN; WHICH TOTAL AMOUNT IS ALSO INCLUSIVE OF THE EMPLOYER'S SHARE OF PAYROLL TAXES AND ADMINISTRATIVE COSTS AND EXPENSES. THE ACTUAL SUM TO BE DISTRIBUTED TO EACH ASSOCIATE IS EXPRESSLY DEPENDENT UPON THE NUMBER OF ASSOCIATES PER TIER. TAXES WILL BE REMOVED FROM THE ASSOCIATE'S PAYCHECK AND THE NTMA TRUST WILL PAY ONLY THE EMPLOYER PORTION OF TAXES. SEPARATE AND DISTINCT FROM THE ASSOCIATE PERFORMANCE BENEFIT PROGRAM, THE EXECUTIVE DIRECTOR/PRESIDENT OF THE NTMA TRUST SHALL BE ENTITLED TO PERFORMANCE BENEFIT COMPENSATION EQUAL TO 3% OF ANY CONSOLIDATED NET SURPLUS, SUBJECT TO THE PARAMETERS AND CONDITIONS SET FORTH ABOVE. ALSO, ASSOCIATES WILL NOT BE ELIGIBLE TO RECEIVE ANY ASSOCIATE BENEFIT IF NOT ACTIVELY WORKING FOR THE NTMA TRUST AT THE TIME OF DISTRIBUTION OF THE THEN DUE ASSOCIATE BENEFITS.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 6
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD, PRESIDENT AND INTERNAL ACCOUNTANT REVIEW A DRAFT IN ITS ENTIRETY BEFORE IT IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1APPROVAL IS REQUIRED WITH THE BOARD AND OFFICER INVOLVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD USES PROCEDURES NOTED IN THE QUESTION FOR THE PRESIDENT, BUT THE PRESIDENT DETERMINES FOR ALL OTHER EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IT DOES UPON WRITTEN REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROCESS HAS NOT CHANGED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt014089328
IRS990/TotalAssetsEOYAmt012557876
IRS990/TotalAssetsGrp/BOYAmt014089328
IRS990/TotalAssetsGrp/EOYAmt012557876
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0131188
IRS990/TotalEmployeeCnt087
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0745064
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt07294093
IRS990/TotalFunctionalExpensesGrp/TotalAmt08039157
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04586998
IRS990/TotalLiabilitiesEOYAmt04216164
IRS990/TotalLiabilitiesGrp/BOYAmt04586998
IRS990/TotalLiabilitiesGrp/EOYAmt04216164
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt09502330
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt08341712
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt06423935
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt06423935
IRS990/TotalProgramServiceExpensesAmt07294093
IRS990/TotalProgramServiceRevenueAmt06423935

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.34$0.56$6.78$6.08$3.89$2.19
2023Summary only. Only limited summary data is available for this year.$7.14$0.99$6.15$4.01$4.14$0.13
2022Summary only. Only limited summary data is available for this year.$9.82$3.53$6.28$5.42$5.13$0.28
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.1$3.65$6.46$3.57$4.16$0.59
2020Summary only. Only limited summary data is available for this year.$10.6$3.53$7.05$6.24$4.21$2.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.73$3.71$5.01$4.23$5.27$1.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.0$3.97$6.05$5.04$5.98$0.94
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.0$3.99$6.99$5.42$6.80$1.38
2016Detailed filing. Detailed filing data is available for this year.$12.6$4.22$8.34$6.67$8.04$1.37
2015Summary only. Only limited summary data is available for this year.$14.1$4.59$9.50$8.11$8.47$0.36
2014Summary only. Only limited summary data is available for this year.$14.1$4.59$9.52$9.80$8.36$1.44
2013Summary only. Only limited summary data is available for this year.$8.48$0.71$7.77$8.74$7.55$1.19
2012Summary only. Only limited summary data is available for this year.$7.22$0.74$6.47$7.30$6.81$0.49
2011Summary only. Only limited summary data is available for this year.$6.34$0.39$5.95$7.50$6.93$0.58
Peer Organizations

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