Inland Empire Electrical Training Trust
- Assets
- $867.1k
- Revenue
- $691.8k
- Investments
- $0.0
- Employees
- 5
- Location
- Spokane, WA
- Founding
- 11/1974
- Data as of
- 06/2021
- EIN
- 91-0815985
Organization Overview
Inland Empire Electrical Training Trust is located in Spokane, WA. The organization was established in 1974. 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 06/2021, Inland Empire Electrical Training Trust employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inland Empire Electrical Training Trust 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 06/2021, Inland Empire Electrical Training Trust generated $691.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $559.3k during the year ending 06/2021. While expenses have increased by 3.7% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE TRUST PROVIDES EDUCATION AND TRAINING PROGRAMS TO APPRENTICE AND JOURNEYMAN ELECTRICIANS IN THE STATES OF WASHINGTON AND IDAHO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRUST PROVIDES APPRENTICE AND JOURNEY LEVEL TRAINING AND TRAINING UPDATES IN ELECTRICAL CONSTRUCTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Medaris Training Director | Officer | 40 | $97,500 |
David Chally Chairman | OfficerTrustee | 1 | $0 |
Ken Brown Secretary | OfficerTrustee | 1 | $0 |
Todd Bro Trustee - Management | Trustee | 1 | $0 |
Bruce Carter Trustee - Management | Trustee | 1 | $0 |
Aaron Hill Trustee - Labor | 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 | $687,771 |
| Investment income | $4,111 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$909 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $691,807 |
| 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. | $101,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $138,764 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $79,112 |
| Payroll taxes | $14,620 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $304 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $619 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $17,346 |
| Information technology | $10,400 |
| Royalties | $0 |
| Occupancy | $22,722 |
| Travel | $3,030 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $609 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,939 |
| Insurance | $15,518 |
| All other expenses | $1,881 |
| Total functional expenses | $559,258 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $111,835 |
| Savings and temporary cash investments | $0 |
| 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 | $245,080 |
| Investments—publicly traded securities | $510,202 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $867,117 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,521 |
| Total liabilities | $6,521 |
| Net assets without donor restrictions | $860,596 |
| 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 | $867,117 |
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