Minneapolis Electrical Joint Apprenticeship & Training Tr Fund
- Assets
- $7.1m
- Revenue
- $4.0m
- Investments
- $989.6k
- Employees
- 29
- Location
- St Michael, MN
- Founding
- 04/1971
- Data as of
- 04/2022
- 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 04/2022, Minneapolis Electrical Joint Apprenticeship & Training Tr Fund employed 29 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 04/2022, Minneapolis Electrical Joint Apprenticeship & Training Tr Fund generated $4.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $3.8m during the year ending 04/2022. While expenses have increased by 3.0% per year over the past 7 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
2022
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 |
|---|---|---|---|
Paul Holum Instructor | 44 | $146,921 | |
Derrick Atkins Training Director | 46 | $142,334 | |
Gordon Mitchell Asst Training Director | 44 | $135,616 | |
John Kjome Instructor | 44 | $125,826 | |
Gregory Hayenga Instructor | 43 | $121,735 | |
Jerry Becher 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 | $3,971,176 |
| Investment income | $2,172 |
| 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 | $3,993,532 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $439,626 |
| 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 | $1,542,524 |
| Pension plan accruals and contributions | $351,909 |
| Other employee benefits | $252,023 |
| Payroll taxes | $126,972 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,406 |
| Fees for services: Accounting | $14,538 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,391 |
| Advertising and promotion | $0 |
| Office expenses | $98,218 |
| Information technology | $48,022 |
| Royalties | $0 |
| Occupancy | $446,394 |
| Travel | $6,645 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $112,929 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $129,975 |
| Insurance | $21,313 |
| All other expenses | $0 |
| Total functional expenses | $3,780,674 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $2,098,956 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $649,660 |
| 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 | $25,814 |
| Net Land, buildings, and equipment | $3,359,107 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $989,573 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,123,310 |
| Accounts payable and accrued expenses | $51,078 |
| 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 | $418,119 |
| Total liabilities | $469,197 |
| 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 | $6,654,113 |
| Total liabilities and net assets/fund balances | $7,123,310 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pierce-Pepin Cooperative Services Ellsworth, WI | $45,602,496 | $18,833,383 |
Employ Milwaukee Inc Milwaukee, WI | $5,350,025 | $18,087,018 |
Pride Inc Bismarck, ND | $17,980,113 | $16,517,398 |
Wisconsin Operating Engineers Skill Improvement And Apprenticeship Fun Pewaukee, WI | $22,671,605 | $11,410,505 |
Iuoe & Assoc General Contractors Of Mn Apprentship & Training Program Hinckley, MN | $26,199,271 | $8,702,467 |
North Iowa Vocational Center Inc Mason City, IA | $4,774,604 | $7,439,671 |
Workforce Resource Inc Menomonie, WI | $4,994,256 | $7,342,513 |
Jobs Foundation St Paul, MN | $6,034,755 | $5,068,369 |
Steamfitters Training School Inc Milwaukee, WI | $2,346,768 | $4,646,602 |
Minneapolis Electrical Joint Apprenticeship & Training Tr Fund St Michael, MN | $7,123,310 | $3,993,532 |
Bay Area Workforce Development Board Inc Green Bay, WI | $475,372 | $3,248,065 |
Northwest Wisconsin Concentrated Employment Program Inc Ashland, WI | $614,399 | $2,927,963 |