Northern Marianas Trade Institute
- Assets
- $110.8k
- Revenue
- $176.3k
- Investments
- $0.0
- Employees
- 35
- Location
- Saipan, MP
- Founding
- 06/2017
- Data as of
- 09/2021
- EIN
- 66-0714639
Organization Overview
Northern Marianas Trade Institute is located in Saipan, MP. The organization was established in 2017. 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 09/2021, Northern Marianas Trade Institute employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern Marianas Trade Institute 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 09/2021, Northern Marianas Trade Institute generated $176.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (29.9%) each year. All expenses for the organization totaled $620.3k during the year ending 09/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE AND TRAIN LOCAL RESIDENT TO BECOME SKILLED WORKERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO EDUCATE AND TRAIN LOCAL RESIDENTS TO BECOME SKILLED WORKERS. PROVIDE EMPLOYMENT TRAINING OPPORTUNITIES, IMPROVE EMPLOYEES' QUALIFICATIONS AND LABOR LOCAL POOL. THE NUMBER OF STUDENTS BENEFITTED TO THE PROGRAM ARE APPROXIMATELY 112. ON FEBRUARY 2021, THE ORGANIZATION PROVIDES ASSISTANCE TO NORTHERN MARIANAS TECHNICAL INSTITUTE (NMTECH), A GOVERNMENT ENTITY BY PROVINDING THE SCHOOL $13,442 CASH, A SECURITY DEPOSIT OF $6,219 AND PROPERTY AND EQUIPMENT WITH A NET BOOK VALUE OF $346,859.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph T Torres Vice Chairman | OfficerTrustee | 2 | $0 |
John Oliver Dlr Gonzales Chairman | OfficerTrustee | 2 | $0 |
Annie Dlg Hayes Secretarytreasurer | OfficerTrustee | 2 | $0 |
Richard P Kautz Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $138,295 |
| Investment income | $2,108 |
| 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 | $176,263 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $139,487 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,615 |
| Payroll taxes | $10,671 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,375 |
| Fees for services: Accounting | $18,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,205 |
| Advertising and promotion | $881 |
| Office expenses | $15,671 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,460 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,957 |
| Insurance | $6,586 |
| All other expenses | $0 |
| Total functional expenses | $620,328 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,041 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,800 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $110,841 |
| Accounts payable and accrued expenses | $1,241 |
| 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 | $0 |
| Total liabilities | $1,241 |
| 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 |
| Total liabilities and net assets/fund balances | $109,600 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Northern Marianas Trade Institute has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
National 4-H Council Chevy Chase, MD | | $20,000 |
National 4-H Council Chevy Chase, MD | | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|