J M Perry Institute Of Trades Industries & Agriculture
- Assets
- $58.9m
- Revenue
- $17.7m
- Investments
- $0.0
- Employees
- 191
- Location
- Yakima, WA
- Founding
- 10/1970
- Data as of
- 06/2023
- EIN
- 91-0570848
Organization Overview
J M Perry Institute Of Trades Industries & Agriculture is located in Yakima, WA. The organization was established in 1970. 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 06/2023, J M Perry Institute Of Trades Industries & Agriculture employed 191 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. J M Perry Institute Of Trades Industries & Agriculture 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, J M Perry Institute Of Trades Industries & Agriculture generated $17.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $15.9m during the year ending 06/2023. While expenses have increased by 3.2% 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 EDUCATE, EMPOWER AND EQUIP STUDENTS FOR LIFELONG CAREERS IN INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERRY TECHNICAL INSTITUTE SERVES THE NEEDS OF A VARIETY OF INDUSTRIES BY EQUIPPING STUDENTS WITH STRONG TECHNICAL SKILLS AND POSITIVE WORK HABITS. FACULTY MEMBERS WITH EXTENSIVE EXPERIENCE IN INDUSTRY PROVIDE SPECIALIZED CLASSROOM INSTRUCTION AND HANDS-ON LAB EXPERIENCES. OVER 675 STUDENTS ARE ENROLLED IN PERRY'S 14 TRAINING PROGRAMS. PTI'S RETENTION RATE IS 88% AND THE JOB PLACEMENT RATE IS 91%. PERRY COMPLETED THE REACCREDIDATION PROCESS, RESULTING IN FULL ACCREDIDATION WITH NO FINDINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Schmalz Trustee | Trustee | 2 | $0 |
Curtis King Trustee | Trustee | 2 | $0 |
Jake Jundt Trustee | Trustee | 2 | $0 |
Christine Cote President | Officer | 40 | $270,706 |
Cathy Sterbenz VP Of Finance And Admin | Officer | 40 | $145,433 |
Nathan Hull Dean Of Education | 40 | $128,245 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gh Moen Llc Construction | 6/29/23 | $1,594,617 |
Apollo Mechanical Contractors Construction | 6/29/23 | $583,248 |
Jenzabar Inc Software | 6/29/23 | $281,293 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $772,660 |
| Government grants | $907,882 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,188 |
| Noncash contributions included in lines 1a–1f | $20,188 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,700,730 |
| Total Program Service Revenue | $15,312,004 |
| Investment income | $496,359 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,400 |
| Net Gain/Loss on Asset Sales | $29,623 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $55,952 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,686,073 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $186,072 |
| Grants and other assistance to domestic individuals. | $242,746 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $464,289 |
| Compensation of current officers, directors, key employees. | $464,289 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,632,533 |
| Pension plan accruals and contributions | $354,909 |
| Other employee benefits | $1,200,113 |
| Payroll taxes | $676,356 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,321 |
| Fees for services: Accounting | $84,055 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $83,851 |
| Fees for services: Other | $359,456 |
| Advertising and promotion | $140,354 |
| Office expenses | $264,566 |
| Information technology | $499,516 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $67,482 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,292 |
| Interest | $107,196 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,356,355 |
| Insurance | $0 |
| All other expenses | $125,126 |
| Total functional expenses | $15,943,547 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,194,296 |
| Savings and temporary cash investments | $3,026,382 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $687,307 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $77,387 |
| Prepaid expenses and deferred charges | $209,266 |
| Net Land, buildings, and equipment | $23,781,607 |
| Investments—publicly traded securities | $18,380,012 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,506,671 |
| Total assets | $58,862,928 |
| Accounts payable and accrued expenses | $1,524,923 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $1,661,893 |
| 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 | $4,256,275 |
| Total liabilities | $7,443,091 |
| Net assets without donor restrictions | $49,900,837 |
| Net assets with donor restrictions | $1,519,000 |
| 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 | $58,862,928 |