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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Clay Tschillard Training Dir | Officer | 40 | $160,398 |
Ryan Bradt Asst Trainin | 40 | $144,627 | |
Laurie Myers Academic Mgr | 40 | $127,050 | |
Julie Southwick Instructor | 40 | $125,919 | |
Chris Bolling-Shelley Instructor | 40 | $125,822 | |
Cliff Hartman Instructor | 40 | $119,686 |
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 |
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. | $200,932 |
Compensation of current officers, directors, key employees. | $60,280 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $3,544,423 |
Pension plan accruals and contributions | $697,644 |
Other employee benefits | $357,000 |
Payroll taxes | $312,926 |
Fees for services: Management | $0 |
Fees for services: Legal | $11,418 |
Fees for services: Accounting | $56,783 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $18,621 |
Fees for services: Other | $0 |
Advertising and promotion | $2,600 |
Office expenses | $202,301 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $690,992 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $40,119 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $327,041 |
Insurance | $43,890 |
All other expenses | $103,969 |
Total functional expenses | $7,953,947 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $200,279 |
Savings and temporary cash investments | $5,188,833 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,272,841 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $51,249 |
Prepaid expenses and deferred charges | $127,388 |
Net Land, buildings, and equipment | $7,697,268 |
Investments—publicly traded securities | $5,350,766 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $10,736 |
Total assets | $19,899,360 |
Accounts payable and accrued expenses | $292,493 |
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 | $698,274 |
Other liabilities | $0 |
Total liabilities | $990,767 |
Net assets without donor restrictions | $18,908,593 |
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 | $19,899,360 |
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J M Perry Institute Of Trades Industries & Agriculture Yakima, WA | $56,509,979 | $22,461,419 |
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Puget Sound Electrical Apprenticeship And Training Trust Renton, WA | $19,899,360 | $9,666,420 |
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