Construction Education Trust
- Assets
- $3.3m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 38
- Location
- Madison Heights, MI
- Founding
- 05/1997
- Data as of
- 06/2023
- EIN
- 38-6624867
Organization Overview
Construction Education Trust, operating under the name Semca- Southeastern Michigan Construction Academy, is located in Madison Heights, MI. The organization was established in 1997. As of 06/2023, Semca- Southeastern Michigan Construction Academy employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Semca- Southeastern Michigan Construction Academy 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 06/2023, Semca- Southeastern Michigan Construction Academy generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.3% each year . All expenses for the organization totaled $1.4m during the year ending 06/2023. While expenses have increased by 11.9% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TRAIN TOMORROW'S WORKFORCE TO BE SKILLED, MOTIVATED AND SAFETY CONSCIOUS.
Describe the Organization's Program Activity:
APPRENTICESHIP PROGRAM- COURSES PROVIDED TO STUDENTS. COURSES OFFERED INCLUDED CARPENTRY, ELECTRICAL, DRYWALL, SHEETMETAL, PLUMBING, WELDING, AND HEATING/COOLING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tad Martin Chairman | OfficerTrustee | 5 | $0 |
Paige Levy Vice Chairman | OfficerTrustee | 5 | $0 |
James Struble Treasurer | OfficerTrustee | 5 | $0 |
Jeff Campbell Trustee | Trustee | 5 | $0 |
Andy Barnum Trustee | Trustee | 5 | $0 |
Shawn Fisher Trustee | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,500,000 |
| 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 | $1,500,000 |
| Total Program Service Revenue | $1,344,372 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,900 |
| 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 | $2,851,272 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $26,600 |
| 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 | $341,945 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $28,825 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,299 |
| Advertising and promotion | $0 |
| Office expenses | $124,702 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $164,876 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $34,750 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $90,931 |
| Insurance | $7,195 |
| All other expenses | $85 |
| Total functional expenses | $1,434,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,447 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,197,029 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,347,476 |
| Accounts payable and accrued expenses | $7,399 |
| Grants payable | $0 |
| Deferred revenue | $33,333 |
| 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 | $50,000 |
| Total liabilities | $90,732 |
| Net assets without donor restrictions | $3,256,744 |
| 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 | $3,347,476 |