Puget Sound Electrical Apprenticeship And Training Trust

Organization Overview

Puget Sound Electrical Apprenticeship And Training Trust is located in Renton, WA. 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 12/2021, Puget Sound Electrical Apprenticeship And Training Trust employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Puget Sound Electrical Apprenticeship And 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 12/2021, Puget Sound Electrical Apprenticeship And Training Trust generated $9.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $8.0m during the year ending 12/2021. While expenses have increased by 8.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE TRUST PROVIDES A PROGRAM FOR THE TRAINING AND EDUCATION OF ELECTRICAL APPRENTICES, JOURNEYMEN AND OTHER APPROPRIATE PERSONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE REVENUE FROM ALL SOURCES IS USED TO TRAIN AND RETRAIN ELECTRICAL APPRENTICES AND JOURNEYMEN THROUGH CLASSES AND LAB PARTICIPATION. DURING THE YEAR ENDED DECEMBER 31, 2021 A SUBSTANTIAL NUMBER OF APPENTICES AND JOURNEYMEN PARTICPATED IN THEIR RESPECTIVE PROGRAMS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$6,187,933
Fundraising events$0
Related organizations$0
Government grants $663,920
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$6,851,853
Total Program Service Revenue$2,567,000
Investment income $98,142
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $135,366
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $9,666,420

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