Treasure State Apprentice School INC EIN 20-0931777 Form 990 (PDF) Claim this org

Treasure State Apprentice School INC FY2021 filing

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Trains electrical apprentices with classroom and lab instruction for journeyman certification. For fiscal year 2021 it reported $372K in revenue, $224K in expenses, and $309K in net assets.Pt I

Founded
2004
Type
Public charity (501(c)(3)) · Education
Location
Bozeman, MT
Filings
6 on file (2020–2021)
Revenue
$372KFY2021
Expenses
$224K
Net assets
$309K
People
6
Filings
6
Updates
0
More identity details & actions ⌄
EIN  20-0931777 Public charity (501(c)(3)) Bozeman, MT Founded 2004
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Trains electrical apprentices with classroom and lab instruction for journeyman certification.
Leadership
Kendra Casebolt · School Admin · $25K
Money in and out
$372K revenue, $224K expenses
Bottom line
84% program efficiency
Where the money goes · FY2021
Total revenue
$372K
Pt VIII · Ln 12
Total expenses
$224K
Pt IX · Ln 25
Net assets
$309K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $148K
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.16
Program efficiency
84%
of spending reaches programs
Operating runway
16.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+40%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$372K
FY2021▲ +62%
Expenses
$224K
FY2021▲ +7%
Total assets
$314K
FY2021▲ +84%
Total liabilities
$4K
FY2021▼ -54%
Total revenue
$372K
Pt VIII · Ln 12
Total expenses
$224K
Pt IX · Ln 25
Net assets
$309K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$148K
Total assetsPt X · Ln 16$314K
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTreasure State Apprentice School INC
EINHdr · item D20-0931777
Principal addressHdr · item CBozeman, MT
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2004
State of legal domicileHdr · item MMT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B300)
Ruling yearIRS BMFAug 2005

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
School Admin
$25,200Pt VII · Sec A
Treasurer
$19,950Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Heather St Thomas’s $106K as School Admin is at the 86th percentile of top reported officer pay among 1615 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Heather St Thomas$105,516$72,336$68,000$8,100
Kendra Casebolt$30,287$25,200$29,000
James Tex$19,950$14,900

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $188K of program spending, described in the organization's own filed words · FY2021.
01

The treasure state school is an electrical apprenticeship school providing in class instruction for electrical apprentices as they work out in the field. Classes run from september until june. There are 10 instructors currently employed for in class instruction.

$188Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$265K · 71%
Contributions & grants$106K · 29%
Program service revenue71%$265K
Contributions & grants29%$106K
Total revenueLn 12$372K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.16
Program services84%$188K
Management & general16%$35K
Total functional expensesLn 25$224K

Balance Sheet

Part X · end of year
CashLn 1$308K
Total assetsLn 16$314K
Total liabilitiesLn 26$4K
Total net assetsLn 32$309K
Months of cash on handcomputed16.5

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $308K · Operating expenses/yr $224K
16.5 months
Where the money goes
Program services
Program services $188K · Total expenses $224K
84%
Management & General
Management & general $35K · Total expenses $224K
16%
Fundraising
Fundraising $0 · Total expenses $224K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $53K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $106K · Total revenue $372K
29%
Government reliance
Government grants — · Total revenue $372K
Earned-income share
Program service revenue $265K · Total revenue $372K
71%
Investment reliance
Investment income $0 · Total revenue $372K
0%
Program self-sufficiency
Program service revenue $265K · Total expenses $224K
119%
Growth & trend
Revenue growth (YoY)
This year $372K · Prior year $230K
+62%
Net-asset trend (YoY)
End of year $309K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $372K · Expenses $224K
+40%
Liabilities-to-Assets
Total liabilities — · Total assets $314K
Net-asset ratio
Net assets $309K · Total assets $314K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $314K
0%
People & payroll
Highest Reported Total Compensation
Individual Kendra Casebolt · Reported title School Admin · Highest reported compensation $25K · Total expenses $224K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $119K · Total expenses $224K
53%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 84%
Overhead ratio 16%
Fundraising cost ratio 0%
Revenue growth 62%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0.3%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$511K revenue · ⤓ 990 PDF
FY2024$487K revenue · ⤓ 990 PDF
FY2023$412K revenue · ⤓ 990 PDF
FY2022$482K revenue · ⤓ 990 PDF
FY2021$372K revenue · viewing · ⤓ 990 PDF
FY2020$230K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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