Apprentice & Journey Man Training Trust Fund FY2023 filing

Tax-deductible

Madison Hts, MI501(c)(3)EmploymentEIN 38-6107342Revenue $4.5M in FY2023

On file with the IRSpoweringmichigansfuture.comPo Box 71337, 48071-0337 · Madison Hts, MITax-exempt since May 2002School — 170(b)(1)(A)(ii)

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The exempt purpose of the Trust is to educate electricians in the methods of electrical construction and telecommunications installations.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $1.2M a year · 25% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.1M
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.5M
-4% vs prior year
Spent
$3.6M
To programs
98%
Net assets
$11.5M
By yearFY2021–FY2025
Revenue
$4.5M
FY2023▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2021$4.0M
FY2022$4.7M
FY2023$4.5M
FY2024$4.8M
FY2025$5.6M
Expenses
$3.6M
FY2023▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2021$2.7M
FY2022$3.3M
FY2023$3.6M
FY2024$4.1M
FY2025$4.0M
Net assets
$11.5M
FY2023▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2021$9.7M
FY2022$10.8M
FY2023$11.5M
FY2024$12.6M
FY2025$14.6M

From the FY2023 Form 990 (year ending May 2023) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2002.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $3.5M Management & general 2% · $67K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Benefits Dir
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Training Dir
$0Pt VII · Sec A

Jason Dahl’s $43K as Training Dir is at the 4th percentile of top reported officer pay among 1246 $1–10M employment 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.

See Apprentice & Journey Man Training Trust Fund executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Trains electricians in electrical construction and telecommunications installation methods.

Provided by the organization

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1 program · $3.5M · in their own filed words · FY2022
01

The trust provided the funding to educate approximately 700 apprentices, & also trained journeyman electrcians improving their skills. Apprentices learned the basic skills required of an electrician, and journeyman skills were upgraded in code updates and applying new methods.

$3.5Mprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$4.5M
Ln 12
Fees for servicesLn 2g$4.3M
Investment incomeLn 3$265K
Money outPt IX
$3.6M
Ln 25
Programscol B$3.5M
Managementcol C$67K
Owns and owesPt X
$11.5M
net assets · Ln 32
Cash and savingsLn 1–2$634K
Total assetsLn 16$12.6M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$4.3M
Investment incomeLn 3$265K
Total revenueLn 12$4.5M
Assets in detailPt X, end of year
CashLn 1$250
SavingsLn 2$634K
Cash and savings togetherLn 1–2$634K
InvestmentsLn 11–13$11.7M
Total assetsLn 16$12.6M
LiabilitiesLn 26$1.1M
Net assetsLn 32$11.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$736K$634K
InvestmentsLn 11–13$10.8M$11.7M
Total assetsLn 16$11.8M$12.6M
LiabilitiesLn 26$1.1M$1.1M
Net assetsLn 32$10.8M$11.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$55K$55K
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$3K$3K
Other expenses (24a–d)Ln 24$3.5M$3.5M
Total functional expensesLn 25$3.6M$3.5M$67K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $5.6M$4.0M$1.6M$14.6M 990 PDF
FY2024 $4.8M$4.1M$660K$12.6M 990 PDF
FY2023 Viewing $4.5M$3.6M$984K$11.5M 990 PDF
FY2022 $4.7M$3.3M$1.5M$10.8M 990 PDF
FY2021 $4.0M$2.7M$1.3M$9.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $4,541,313 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $4,564,705$4,276,552
I-10 Investment incomePrior year $153,589$264,761
I-11 Other revenue$0
I-12 Total revenuePrior year $4,718,294$4,541,313
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $3,266,412$3,557,039
I-18 Total expensesPrior year $3,266,412$3,557,039
I-19 Revenue less expensesPrior year $1,451,882$984,274
Part VI · Governance 6 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-14 Document retention and destruction policyNo
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,541,313 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,276,552$4,276,552
VIII-3 Investment incomeExcluded from tax $264,761$264,761
VIII-12 Total revenueRelated to mission $4,276,552 · Excluded from tax $264,761$4,541,313
Part IX · Statement of functional expenses $3,557,039 across 4 lines filed
IX-11b Legal feesManagement $55,236$55,236
IX-11c Accounting feesManagement $8,865$8,865
IX-11g Other fees for servicesManagement $2,938$2,938
IX-24 Other expenses (24a–d)Programs $3,490,000$3,490,000
IX-25 Total functional expensesPrograms $3,490,000 · Management $67,039 · Fundraising $0$3,557,039
Part X · Balance sheet $12,600,491 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $250$250
X-2 Savings and temporary cash investmentsStart of year $736,180$634,011
X-4 Accounts receivableStart of year $275,000$250,600
X-11 Publicly traded securitiesStart of year $4,721,426$5,633,762
X-12 Other securitiesStart of year $6,081,868$6,081,868
X-16 Total assetsStart of year $11,814,724$12,600,491
X-17 Accounts payable and accrued expensesStart of year $5,229$9,147
X-25 Other liabilitiesStart of year $1,050,000$1,050,000
X-26 Total liabilitiesStart of year $1,055,229$1,059,147
X-27 Net assets without donor restrictionsStart of year $10,759,495$11,541,344
X-32 Total net assets or fund balancesStart of year $10,759,495$11,541,344
X-33 Total liabilities and net assetsStart of year $11,814,724$12,600,491
Part XI · Reconciliation of net assets $11,541,344 net assets at year end
XI-1 Total revenue$4,541,313
XI-2 Total expenses$3,557,039
XI-3 Revenue less expenses$984,274
XI-4 Net assets at start of year$10,759,495
XI-5 Net unrealized gains (losses) on investments−$202,425
XI-10 Net assets at end of year$11,541,344

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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