J M Perry Institute Of Trades Industries & Agriculture
- Assets
- $56.5m
- Revenue
- $22.5m
- Investments
- $0.0
- Employees
- 174
- Location
- Yakima, WA
- Founding
- 10/1970
- Data as of
- 06/2022
- EIN
- 91-0570848
Organization Overview
J M Perry Institute Of Trades Industries & Agriculture is located in Yakima, WA. The organization was established in 1970. 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 06/2022, J M Perry Institute Of Trades Industries & Agriculture employed 174 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. J M Perry Institute Of Trades Industries & Agriculture 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 06/2022, J M Perry Institute Of Trades Industries & Agriculture generated $22.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $18.0m during the year ending 06/2022. While expenses have increased by 5.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE, EMPOWER AND EQUIP STUDENTS FOR LIFELONG CAREERS IN INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERRY TECHNICAL INSTITUTE SERVES THE NEEDS OF A VARIETY OF INDUSTRIES BY EQUIPPING STUDENTS WITH STRONG TECHNICAL SKILLS AND POSITIVE WORK HABITS. FACULTY MEMBERS WITH EXTENSIVE EXPERIENCE IN INDUSTRY PROVIDE SPECIALIZED CLASSROOM INSTRUCTION AND HANDS-ON LAB EXPERIENCES. OVER 675 STUDENTS ARE ENROLLED IN PERRY'S 14 TRAINING PROGRAMS. PTI'S RETENTION RATE IS 85% AND THE JOB PLACEMENT RATE IS 91%. IN 2016, PERRY COMPLETED THE REACCREDIDATION PROCESS, RESULTING IN FULL ACCREDIDATION WITH NO FINDINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Cote President | Officer | 40 | $257,677 |
Cathy Sterbenz VP Of Finance And Admin | Officer | 40 | $139,263 |
Nathan Hull Dean Of Education | 40 | $123,160 | |
Ronald Zike Instructor | 40 | $108,845 | |
Nicole Trammell Woolpert Dir Of Admissions & Marketing | 40 | $106,400 | |
Josh Phillips Dir Of Information Technology | 40 | $105,069 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gh Moen Llc Construction | 6/29/22 | $385,556 |
Jenzabar Inc Software | 6/29/22 | $307,340 |
Borarchitecture Pllc Architecture | 6/29/22 | $252,567 |
Macdonald-miller Facility Solutions Inc Construction | 6/29/22 | $147,273 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $485,170 |
| Government grants | $6,590,309 |
| All other contributions, gifts, grants, and similar amounts not included above | $396,090 |
| Noncash contributions included in lines 1a–1f | $396,090 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,471,569 |
| Total Program Service Revenue | $14,163,573 |
| Investment income | $638,706 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,300 |
| Net Gain/Loss on Asset Sales | $23,930 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $55,488 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,461,419 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,122,593 |
| Grants and other assistance to domestic individuals. | $2,641,170 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $443,515 |
| Compensation of current officers, directors, key employees. | $443,515 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,910,382 |
| Pension plan accruals and contributions | $362,556 |
| Other employee benefits | $1,172,222 |
| Payroll taxes | $628,160 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,593 |
| Fees for services: Accounting | $71,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $95,923 |
| Fees for services: Other | $348,923 |
| Advertising and promotion | $129,945 |
| Office expenses | $212,548 |
| Information technology | $462,424 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $40,027 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,336 |
| Interest | $128,434 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,227,373 |
| Insurance | $0 |
| All other expenses | $195,705 |
| Total functional expenses | $17,995,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,043,417 |
| Savings and temporary cash investments | $5,389,340 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $706,068 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $68,990 |
| Prepaid expenses and deferred charges | $205,587 |
| Net Land, buildings, and equipment | $22,792,822 |
| Investments—publicly traded securities | $17,112,842 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,190,913 |
| Total assets | $56,509,979 |
| Accounts payable and accrued expenses | $2,005,163 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $1,987,590 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $395,367 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,830,515 |
| Total liabilities | $8,218,635 |
| Net assets without donor restrictions | $48,291,344 |
| 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 | $56,509,979 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that J M Perry Institute Of Trades Industries & Agriculture has recieved totaling $718.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $718 |
Endowment Analysis
| Beg. Balance | $7,615,071 |
| Earnings | -$883,118 |
| Net Contributions | $552,955 |
| Grants | $288,026 |
| Ending Balance | $6,996,882 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
J M Perry Institute Of Trades Industries & Agriculture Yakima, WA | $56,509,979 | $22,461,419 |
Seiu 775 Benefits Group Seattle, WA | $6,479,287 | $14,865,996 |
Puget Sound Electrical Apprenticeship And Training Trust Renton, WA | $19,899,360 | $9,666,420 |
Seiu 503 Training Partnership Portland, OR | $26,268,019 | $3,868,415 |
Ada Developers Academy Seattle, WA | $17,753,765 | $21,495,090 |
Neca-Ibew Electrical Training Trust Portland, OR | $14,916,871 | $7,992,939 |
Joint Apprenticeship & Training Comm Of The Nw Line Const Indstry Vancouver, WA | $16,187,936 | $7,719,053 |
Alaska Laborers Construction Industry Training Fund Chugiak, AK | $18,996,713 | $2,800,793 |
Academy Of Interactive Entertainment Seattle, WA | $1,922,115 | $3,079,789 |
Northwest College Of Construction Portland, OR | $1,751,857 | $2,867,007 |
Faith Evangelical Lutheran Seminary Tacoma, WA | $5,161,678 | $3,044,627 |
Southeastern Wa & Northeastern Oregon Sheet Metal Training Trust Pasco, WA | $2,701,150 | $1,890,096 |