Dwayne Peaslee Technical Training Center Inc
- Assets
- $5.4m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 34
- Location
- Lawrence, KS
- Founding
- 03/2016
- Data as of
- 12/2021
- EIN
- 47-1916358
Organization Overview
Dwayne Peaslee Technical Training Center Inc is located in Lawrence, KS. The organization was established in 2016. 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, Dwayne Peaslee Technical Training Center Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dwayne Peaslee Technical Training Center Inc 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, Dwayne Peaslee Technical Training Center Inc generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. 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
A CATALIST FOR ECONOMIC GROWTH PROVIDING TECHNICAL TRAINING TO A DIVERSE COMMUNITY OF LEARNERS TO MEET THE CURRENT AND EMERGING NEEDS OF OUR COMMUNITIES AND EMPLOYERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A TECHNICAL TRAINING CENTER TO MEET THE CURRENT AND EMERGING NEEDS OF OUR STUDENTS AND EMPLOYERS IN THE COMMUNITY. THROUGH COLLABORATIONS WITH THE ECONOMIC DEVELOPMENT CORPORATION OF LAWRENCE AND DOUGLAS COUNTY, THE CITY OF LAWRENCE, LAWRENCE UNIFIED SCHOOL DISTRICT 497, AND NUMEROUS AREA EMPLOYERS WERE TRAINING OUR AREA WORKFORCE WITH SKILLS IN DEMAND BY OUR EMPLOYERS IN THE COMMUNITY.
A TECHNICAL TRAINING CENTER TO MEET THE CURRENT AND EMERGING NEEDS OF OUR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
H Craig Weinaug Secretary | OfficerTrustee | 2 | $0 |
Cindy Yulich Treasurer | OfficerTrustee | 2 | $0 |
Shirley Martin-Smith President | OfficerTrustee | 2 | $0 |
Sandy Dixon Vice Preside | OfficerTrustee | 2 | $0 |
Marilyn Bittenbender Director | Trustee | 1 | $0 |
Patrick Kelly Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,184,815 |
| All other contributions, gifts, grants, and similar amounts not included above | $81,472 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,266,287 |
| Total Program Service Revenue | $215,501 |
| Investment income | $1,160 |
| 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 | $1,482,948 |
| 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. | $136,157 |
| Compensation of current officers, directors, key employees. | $13,624 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $209,946 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,237 |
| Payroll taxes | $33,657 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $144 |
| Fees for services: Accounting | $15,173 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,723 |
| Office expenses | $1,227 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $130,335 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $36,650 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $170,712 |
| Insurance | $12,821 |
| All other expenses | $8,715 |
| Total functional expenses | $1,150,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $801,961 |
| Savings and temporary cash investments | $497,001 |
| Pledges and grants receivable | $8,000 |
| Accounts receivable, net | $112,830 |
| 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 | $8,012 |
| Net Land, buildings, and equipment | $3,957,647 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,229 |
| Other assets | $0 |
| Total assets | $5,389,680 |
| Accounts payable and accrued expenses | $67,634 |
| Grants payable | $0 |
| Deferred revenue | $95,726 |
| 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 | $946,797 |
| Other liabilities | $0 |
| Total liabilities | $1,110,157 |
| Net assets without donor restrictions | $4,268,668 |
| Net assets with donor restrictions | $10,855 |
| 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 | $5,389,680 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Dwayne Peaslee Technical Training Center Inc has recieved totaling $30.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $30 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
National Tactical Officers Association Colorado Springs, CO | $2,706,085 | $5,194,177 |
Skilled Kc Technical Institute Inc Kansas City, MO | $2,788,911 | $5,090,533 |
Local 798 Training Center Tulsa, OK | $15,089,944 | $2,364,355 |
Gordon Parks Elementary School Kansas City, MO | $2,020,109 | $3,711,683 |
Rolf Institute Boulder, CO | $848,027 | $1,976,824 |
Independent Electrical Contractors Inc Colorado Springs, CO | $945,690 | $1,262,960 |
Dwayne Peaslee Technical Training Center Inc Lawrence, KS | $5,389,680 | $1,482,948 |
New America College Aurora, CO | $499,541 | $1,202,365 |
Sprinkler Fitter 268 Joint Apprentice And Training Fund Saint Louis, MO | $1,345,391 | $755,194 |
Minddrive Incorporated Kansas City, MO | $347,103 | $873,968 |