Education And Training Connection
- Assets
- $3.7m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 109
- Location
- Midland, MI
- Founding
- 09/1996
- Data as of
- 06/2024
- EIN
- 38-3293996
Organization Overview
Education And Training Connection is located in Midland, MI. The organization was established in 1996. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 06/2024, Education And Training Connection employed 109 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Education And Training Connection 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 06/2024, Education And Training Connection generated $3.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $3.6m during the year ending 06/2024. While expenses have increased by 0.5% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE COMMUNITIES WITH NEEDED EDUCATION AND TRAINING OPPORTUNITIES ACCOMPLISHED THROUGH THE INTEGRATION OF EXISTING SERVICES WITH NEW IDEAS, TECHNIQUES, TECHNOLOGY AND PARTNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADULT EDUCATION - TO PROVIDE EDUCATION PROGRAMS FOR 16 TO 19 YEAR OLDS AS WELL AS ADULT HIGH SCHOOL COMPLETION.
ENRICHMENT: TO PROVIDE NON-CREDIT CLASSES FOR THE COMMUNITY NEEDS. BEFORE AND AFTER SCHOOL PROGRAM: TO PROVIDE BEFORE AND AFTER SCHOOL EDUCATIONAL AND ACTIVITY PROGRAMS FOR CHILDREN IN THE COMMUNITY. CONTRACT MANAGEMENT: TO PROVIDE MANAGEMENT AND SUPERVISORY SERVICES FOR LOCAL SCHOOLS AND OTHER ORGANIZATIONS. CAREER TRAINING: TO PROVIDE TRAINING CLASSES.
YOUNG ADULT - TO PROVIDE ALTERNATIVE EDUCATION FOR YOUTH UNDER AGE 20 TO EARN A HIGH SCHOOL DIPLOMA
TRANSPORTATION - TO PROVIDE TRANSPORTATION FOR STUDENTS AND LOCAL NON- PROFIT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lyn Knapp CEO | Officer | 40 | $107,287 |
Missie Freier Chairperson | OfficerTrustee | 1 | $0 |
Kevin Heye Trustee | Trustee | 1 | $0 |
Sharon Miller Vice Chairpe | OfficerTrustee | 1 | $0 |
Kris Bunner Trustee | Trustee | 1 | $0 |
Bridget Sadenwater Secretary/tr | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $404,122 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $405,122 |
| Total Program Service Revenue | $3,268,989 |
| Investment income | $23,929 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $186,287 |
| 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 | $3,905,573 |
| 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. | $111,832 |
| Compensation of current officers, directors, key employees. | $83,684 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,368,177 |
| Pension plan accruals and contributions | $38,266 |
| Other employee benefits | $138,711 |
| Payroll taxes | $200,421 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,725 |
| Fees for services: Accounting | $23,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,221 |
| Advertising and promotion | $97,070 |
| Office expenses | $52,937 |
| Information technology | $37,212 |
| Royalties | $0 |
| Occupancy | $173,728 |
| Travel | $7,781 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,545 |
| Interest | $21,104 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $122,590 |
| Insurance | $48,639 |
| All other expenses | $26,967 |
| Total functional expenses | $3,643,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $902,823 |
| Savings and temporary cash investments | $515,715 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $352,964 |
| 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 | $33,585 |
| Net Land, buildings, and equipment | $1,757,073 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $89,919 |
| Total assets | $3,652,079 |
| Accounts payable and accrued expenses | $155,087 |
| 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 | $268,789 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $91,328 |
| Total liabilities | $515,204 |
| Net assets without donor restrictions | $3,136,269 |
| Net assets with donor restrictions | $606 |
| 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 | $3,652,079 |