Job Training & Employment Corp
- Assets
- $4.2m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 22
- Location
- Hyannis, MA
- Founding
- 05/1986
- Data as of
- 06/2022
- EIN
- 04-2801117
Organization Overview
Job Training & Employment Corp, operating under the name Jtec, is located in Hyannis, MA. The organization was established in 1986. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 06/2022, Jtec employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jtec is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Jtec generated $2.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $2.6m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP PUT PEOPLE TO WORK AND ASSIST EMPLOYERS IN THEIR HUMAN RESOURCES NEEDS.
Describe the Organization's Program Activity:
OFFERED MULTIPLE TRANSITIONAL TRAINING PROGRAMS FOR DISADVANTAGED, LOW INCOME, AND AT-RISK WORKERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristina Dower President | Officer | 35 | $132,947 |
Martha Burzycki VP Youth Education | 35 | $105,486 | |
John Cocoran Jr Vice Chairman | OfficerTrustee | 1 | $0 |
Timothy Chapin Treasurer | OfficerTrustee | 1 | $0 |
Elissa Meade Chairman | OfficerTrustee | 1 | $0 |
Robert Vinson Clerk | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,994,525 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,994,525 |
| Total Program Service Revenue | $0 |
| Investment income | -$157,427 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $35,583 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,523,891 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $153,554 |
| Compensation of current officers, directors, key employees. | $153,554 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,070,938 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $314,271 |
| Payroll taxes | $93,510 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $694 |
| Fees for services: Accounting | $26,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $30,577 |
| Office expenses | $206,551 |
| Information technology | $86,269 |
| Royalties | $0 |
| Occupancy | $123,804 |
| Travel | $1,409 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $473 |
| Interest | $13,693 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $90,050 |
| Insurance | $30,026 |
| All other expenses | $0 |
| Total functional expenses | $2,558,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $633,298 |
| Savings and temporary cash investments | $592,512 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $312,538 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $536 |
| Net Land, buildings, and equipment | $1,886,751 |
| Investments—publicly traded securities | $735,299 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $71,286 |
| Total assets | $4,232,220 |
| Accounts payable and accrued expenses | $72,554 |
| Grants payable | $0 |
| Deferred revenue | $28,885 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,748,951 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $113,463 |
| Total liabilities | $1,963,853 |
| Net assets without donor restrictions | $2,268,367 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,232,220 |
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|---|---|---|
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