Cedar Rapids Electrical Apprenticeship Training & Educ Tr
- Assets
- $2.8m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 10
- Location
- Cedar Rapids, IA
- Founding
- 01/2001
- Data as of
- 05/2022
- EIN
- 42-6603775
Organization Overview
Cedar Rapids Electrical Apprenticeship Training & Educ Tr is located in Cedar Rapids, IA. 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 05/2022, Cedar Rapids Electrical Apprenticeship Training & Educ Tr employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedar Rapids Electrical Apprenticeship Training & Educ Tr 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 05/2022, Cedar Rapids Electrical Apprenticeship Training & Educ Tr generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $1.1m during the year ending 05/2022. While expenses have increased by 4.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE TRAINING AND EDUCATION FOR APPRENTICES & JOURNEYMEN ELECTRICIANS IN EASTERN IOWA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING AND EDUCATION OF APPRENTICES AND JOURNEYMEN ELECTRICIANS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Carson Director | Trustee | 42.5 | $93,299 |
Jeff Cooling Trustee | Trustee | 0 | $0 |
Jake Isbell Trustee | Trustee | 0 | $0 |
Glen Henry Trustee | Trustee | 0 | $0 |
Jonathan Fafselius Trustee | Trustee | 0 | $0 |
Matt Resor Trustee | Trustee | 0 | $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 | $936,866 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $936,866 |
| Total Program Service Revenue | $10,524 |
| Investment income | $4,968 |
| 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 | -$9,977 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,136,825 |
| 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. | $103,040 |
| Compensation of current officers, directors, key employees. | $46,368 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $407,445 |
| Pension plan accruals and contributions | $62,527 |
| Other employee benefits | $126,942 |
| Payroll taxes | $39,178 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,767 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12,908 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,504 |
| Travel | $3,269 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $349 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $104,433 |
| Insurance | $20,719 |
| All other expenses | $14,078 |
| Total functional expenses | $1,063,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $633,443 |
| Savings and temporary cash investments | $721,980 |
| 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 | $1,462,730 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,818,153 |
| 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 | $6,510 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,510 |
| Net assets without donor restrictions | $2,811,643 |
| 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 | $2,818,153 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Cedar Rapids Electrical Apprenticeship Training & Educ Tr has recieved totaling $18,123.
| Awarding Organization | Amount |
|---|---|
Greater Cedar Rapids Community Foundation Cedar Rapids, IA PURPOSE: TRAINING EQUIPMENT FOR APPRENTICESHIP PROGRAM | $13,123 |
Prairie Meadows Race Track & Casino Inc Altoona, IA PURPOSE: Electrical Apprenticeship Training Center; Classroom Tables & Chairs | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alternative Schools Network Chicago, IL | $3,716,420 | $15,119,021 |
The Launchcode Foundation Saint Louis, MO | $16,718,030 | $16,796,933 |
Carpenters Joint Training Fund Of St Louis St Louis, MO | $23,316,031 | $11,452,308 |
Milwaukee Area Technical College Foundation Inc Milwaukee, WI | $33,356,211 | $18,292,742 |
Discovery World Ltd Milwaukee, WI | $54,832,813 | $7,226,516 |
Chicago Area Painting & Decorating Joint Apprenticeship & Train Comm Berkeley, IL | $22,598,762 | $6,295,488 |
Minnesota New Country School Henderson, MN | $1,127,805 | $3,737,016 |
Skilled Kc Technical Institute Inc Kansas City, MO | $2,788,911 | $5,090,533 |
Turkish American Society Inc Mount Prospect, IL | $9,952,466 | $3,661,400 |
Minneapolis Pipefitters Joint Journeymen And Apprentice Training Brooklyn Park, MN | $15,538,890 | $2,978,967 |
Gordon Parks Elementary School Kansas City, MO | $2,020,109 | $3,711,683 |
Concerned Inc Harlan, IA | $2,766,277 | $2,998,754 |