Area 1 Electrical Education Trust
- Assets
- $6.5m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 25
- Location
- Portland, OR
- Founding
- 06/2000
- Data as of
- 07/2023
- EIN
- 93-1294144
Organization Overview
Area 1 Electrical Education Trust is located in Portland, OR. The organization was established in 2000. 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 07/2023, Area 1 Electrical Education Trust employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Area 1 Electrical Education 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 07/2023, Area 1 Electrical Education Trust generated $2.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $1.8m during the year ending 07/2023. While expenses have increased by 12.3% 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
EDUCATION AND TRAINING OF APPRENTICE ELECTRICIANS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF EDUCATION AND TRAINING OF APPRENTICE ELECTRICIANS IN ACCORDANCE WITH STATE LAW
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Shepherd Trust Chair | OfficerTrustee | 5 | $0 |
Cindy Charlson Trustee | Trustee | 5 | $0 |
Crissie Greco Treasurer | OfficerTrustee | 5 | $0 |
Jesse Davidson Trustee | Trustee | 5 | $0 |
Richard Urban Committee Ch | OfficerTrustee | 5 | $0 |
Rick Romero Secretary | OfficerTrustee | 5 | $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 | $2,004,048 |
| Investment income | $39,827 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,144 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,109,186 |
| 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. | $134,522 |
| Compensation of current officers, directors, key employees. | $13,452 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $625,975 |
| Pension plan accruals and contributions | $14,728 |
| Other employee benefits | $48,231 |
| Payroll taxes | $134,733 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,892 |
| Fees for services: Accounting | $1,099 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $79,191 |
| Advertising and promotion | $6,644 |
| Office expenses | $19,794 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $292,528 |
| Travel | $5,961 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,785 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $145,962 |
| Insurance | $41,742 |
| All other expenses | $89,744 |
| Total functional expenses | $1,832,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $978,211 |
| Savings and temporary cash investments | $2,178,646 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $61,100 |
| 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 | $2,161,279 |
| Investments—publicly traded securities | $1,135,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,298 |
| Total assets | $6,524,534 |
| Accounts payable and accrued expenses | $104 |
| 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 | $505 |
| Total liabilities | $609 |
| Net assets without donor restrictions | $6,523,925 |
| 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 | $6,524,534 |