Metro Detroit Electrical Industry Training Center Inc
- Assets
- $6.5m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 20
- Location
- Madison Heights, MI
- Founding
- Data as of
- 05/2023
- EIN
- 35-2657190
Organization Overview
Metro Detroit Electrical Industry Training Center Inc is located in Madison Heights, MI. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 05/2023, Metro Detroit Electrical Industry Training Center Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metro Detroit Electrical Industry Training Center Inc 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 05/2023, Metro Detroit Electrical Industry Training Center Inc generated $4.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 52.0% each year . All expenses for the organization totaled $4.6m during the year ending 05/2023. While expenses have increased by 51.9% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE METRO DETROIT EITC IS TO EDUCATE ELECTRICIANS AND TELECOM TECHNICIANS IN THE METHODS OF ELECTRICAL CONSTRUCTION AND TELECOMMUNICATIONS INSTALLATIONS,
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRUST PROVIDED THE FUNDING TO EDUCATE APPROXIMATELY 700 APPRENTICES, & ALSO TRAINED JOURNEYMAN ELECTRCIANS IMPROVING THEIR SKILLS. APPRENTICES LEARNED THE BASIC SKILLS REQUIRED OF AN ELECTRICIAN, AND JOURNEYMAN SKILLS WERE UPGRADED IN CODE UPDATES AND APPLYING NEW METHODS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
E Craig Young Benefits Dir | Officer | 1 | $0 |
Beau Burton Instructor | 40 | $130,928 | |
Marty Mclean Ass't Train | 40 | $132,958 | |
Jennifer Smith Instructor | 40 | $120,122 | |
Matthew Davey Instructor | 40 | $121,783 | |
James Soosik Instructor | 40 | $119,754 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $4,423,691 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $4,423,902 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,840,350 |
| Pension plan accruals and contributions | $665,980 |
| Other employee benefits | $270,613 |
| Payroll taxes | $150,628 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,196 |
| Fees for services: Accounting | $22,390 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $88,205 |
| Advertising and promotion | $0 |
| Office expenses | $30,528 |
| Information technology | $68,226 |
| Royalties | $0 |
| Occupancy | $312,306 |
| Travel | $9,351 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,163 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $240,194 |
| Insurance | $34,032 |
| All other expenses | $264,391 |
| Total functional expenses | $4,608,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,112 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,091,904 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $29,650 |
| Prepaid expenses and deferred charges | $11,600 |
| Net Land, buildings, and equipment | $5,366,599 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,531,865 |
| Accounts payable and accrued expenses | $112,417 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $112,417 |
| Net assets without donor restrictions | $6,419,448 |
| 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 | $6,531,865 |