Minneapolis Electrical Joint Apprenticeship & Training Tr Fund
- Assets
- $7.4m
- Revenue
- $4.2m
- Investments
- $1.4m
- Employees
- 40
- Location
- St Michael, MN
- Founding
- 04/1971
- Data as of
- 04/2023
- EIN
- 41-0951379
Organization Overview
Minneapolis Electrical Joint Apprenticeship & Training Tr Fund is located in St Michael, MN. The organization was established in 1971. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 04/2023, Minneapolis Electrical Joint Apprenticeship & Training Tr Fund employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minneapolis Electrical Joint Apprenticeship & Training Tr Fund 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 04/2023, Minneapolis Electrical Joint Apprenticeship & Training Tr Fund generated $4.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $4.1m during the year ending 04/2023. While expenses have increased by 3.6% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
APPRENTICESHIP AND TRAINING FUND
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTER APPRENTICE AND TRAINING PROGRAMS FOR THE ELECTRICAL CONTRACTING INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Becher Trustee | Trustee | 1 | $0 |
David Manderson Trustee | Trustee | 1 | $0 |
John Axelson Trustee - Chairman | Trustee | 1.3 | $0 |
Dan Ferguson Trustee - Secretary | Trustee | 1.3 | $0 |
Kurt Mobroten Trustee | Trustee | 1 | $0 |
Jeffrey Heimerl Trustee | Trustee | 1 | $0 |
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 | $4,234,496 |
| Investment income | $1,571 |
| 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 | $4,247,728 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $373,518 |
| 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 | $1,685,835 |
| Pension plan accruals and contributions | $343,800 |
| Other employee benefits | $251,881 |
| Payroll taxes | $128,832 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,650 |
| Fees for services: Accounting | $18,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,948 |
| Advertising and promotion | $0 |
| Office expenses | $110,566 |
| Information technology | $40,733 |
| Royalties | $0 |
| Occupancy | $402,652 |
| Travel | $10,139 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $76,496 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $141,265 |
| Insurance | $16,430 |
| All other expenses | $0 |
| Total functional expenses | $4,076,624 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $1,936,100 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $677,302 |
| 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 | $20,202 |
| Net Land, buildings, and equipment | $3,219,303 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,377,678 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $130,607 |
| Total assets | $7,361,392 |
| Accounts payable and accrued expenses | $58,134 |
| 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 | $489,936 |
| Total liabilities | $548,070 |
| Net assets without donor restrictions | $0 |
| 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 | $6,813,322 |
| Total liabilities and net assets/fund balances | $7,361,392 |