Cedar Rapids Electrical Apprenticeship Training & Educ Tr
- Assets
- $3.0m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 11
- Location
- Cedar Rapids, IA
- Founding
- 01/2001
- Data as of
- 05/2023
- EIN
- 42-6603775
Organization Overview
Cedar Rapids Electrical Apprenticeship Training & Educ Tr is located in Cedar Rapids, IA. The organization was established in 2001. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 05/2023, Cedar Rapids Electrical Apprenticeship Training & Educ Tr employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedar Rapids Electrical Apprenticeship Training & Educ Tr 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, Cedar Rapids Electrical Apprenticeship Training & Educ Tr generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $1.0m during the year ending 05/2023. While expenses have increased by 3.4% 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
TO PROVIDE TRAINING AND EDUCATION FOR APPRENTICES & JOURNEYMEN ELECTRICIANS IN EASTERN IOWA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING AND EDUCATION OF APPRENTICES AND JOURNEYMEN ELECTRICIANS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jebediah Novak Director | Trustee | 42.5 | $95,119 |
Jeff Cooling Trustee | Trustee | 0 | $0 |
Jake Isbell Trustee | Trustee | 0 | $0 |
Glen Henry Trustee | Trustee | 0 | $0 |
Jonathan Fafselius Trustee | Trustee | 0 | $0 |
Matt Resor Trustee | Trustee | 0 | $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 | $932,011 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $932,011 |
| Total Program Service Revenue | $79,336 |
| Investment income | $10,735 |
| 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 | $7,395 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,252,597 |
| 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. | $80,660 |
| Compensation of current officers, directors, key employees. | $36,297 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $453,240 |
| Pension plan accruals and contributions | $60,728 |
| Other employee benefits | $123,296 |
| Payroll taxes | $40,608 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,961 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,973 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,207 |
| Travel | $2,511 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $220 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $99,101 |
| Insurance | $20,353 |
| All other expenses | $7,484 |
| Total functional expenses | $1,042,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $699,080 |
| Savings and temporary cash investments | $953,287 |
| 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 | $1,375,243 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,027,610 |
| Accounts payable and accrued expenses | $0 |
| 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 | $5,384 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,384 |
| Net assets without donor restrictions | $3,022,226 |
| 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 | $3,027,610 |