Area 1 Electrical Education Trust
- Assets
- $5.6m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 20
- Location
- Portland, OR
- Founding
- 06/2000
- Data as of
- 07/2021
- 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 07/2021, Area 1 Electrical Education Trust employed 20 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 07/2021, Area 1 Electrical Education Trust generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $1.2m during the year ending 07/2021. While expenses have increased by 7.9% 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
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 |
|---|---|---|---|
Irene Weber Program Dire | Officer | 40 | $133,973 |
Maureen L Parkin Trust Chair | Trustee | 2 | $0 |
David Parkin Committee Me | Trustee | 1 | $0 |
Gary Boom Committee Ch | Trustee | 2 | $0 |
Matt Parkin Secretary | Trustee | 1 | $0 |
Jon Lipe Committee Me | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $10,557 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,943,885 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $483,542 |
| Pension plan accruals and contributions | $12,006 |
| Other employee benefits | $28,438 |
| Payroll taxes | $66,476 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,785 |
| Fees for services: Accounting | $7,422 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,361 |
| Advertising and promotion | $2,997 |
| Office expenses | $14,747 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $190,063 |
| Travel | $438 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,662 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $143,322 |
| Insurance | $45,857 |
| All other expenses | $0 |
| Total functional expenses | $1,232,920 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,126,584 |
| Savings and temporary cash investments | $1,094,615 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,571 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $83 |
| Prepaid expenses and deferred charges | $1,655 |
| Investments—publicly traded securities | $873,909 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,298 |
| Total assets | $5,587,641 |
| Accounts payable and accrued expenses | $4,208 |
| 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 | $9,362 |
| Total liabilities | $13,570 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $5,574,071 |
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