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Memphis Electrical Joint Apprenticeship & Training Committe FY2020 filing

Tax-deductible

Memphis, TN501(c)(3)EIN 62-6080004

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The trust supports education programs for Electrical apprentices and journeymen.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $822K a year · 42% 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
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
22 mo
of spending, in cash
Looks good: 21.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$82K
3% of total assets
Looks good: liabilities are 3% 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
$1.0M
Spent
$760K
To programs
69%
Net assets
$2.6M
By yearFY2020–FY2024
Revenue
$1.0M
FY2020
Revenue by fiscal year
FY2020$1.0M
FY2021$1.1M
FY2022$1.1M
FY2023$2.0M
FY2024$4.6M
Expenses
$760K
FY2020
Expenses by fiscal year
FY2020$760K
FY2021$865K
FY2022$1.0M
FY2023$1.2M
FY2024$1.8M
Net assets
$2.6M
FY2020
Net assets by fiscal year
FY2020$2.6M
FY2021$2.9M
FY2022$2.9M
FY2023$3.8M
FY2024$6.6M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1968.

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

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $525K Management & general 31% · $235K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
J Lee Wood
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
See Memphis Electrical Joint Apprenticeship & Training Committe 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports education for electrical apprentices and journeymen.

Provided by the organization

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1 program service account for $525K of program spending, described in the organization's own filed words · FY2020.
01

The trust supports education programs for electrical apprentices and journeymen.

$525Kprogram expense

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By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.0M
Ln 12
Fees for servicesLn 2g$984K
Gifts and grantsLn 1h$17K
Investment incomeLn 3$13K
Money outPt IX
$760K
Ln 25
Programscol B$525K
Managementcol C$235K
Owns and owesPt X
$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$2.7M
LiabilitiesLn 26$82K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$17K
Noncash giftsLn 1g$17K
Fees for servicesLn 2g$984K
Investment incomeLn 3$13K
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
SavingsLn 2$1.4M
Cash and savings togetherLn 1–2$1.4M
Land, buildings, equipmentLn 10c$1.2M
Other assetsLn 15$19K
Total assetsLn 16$2.7M
LiabilitiesLn 26$82K
Net assetsLn 32$2.6M
OperationsPt I, VI
EmployeesI 520
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.1M$1.4M
Land, buildings, equipmentLn 10c$1.2M$1.2M
Total assetsLn 16$2.4M$2.7M
LiabilitiesLn 26$27K$82K
Net assetsLn 32$2.4M$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$187K$70K$117K
Pension plan contributionsLn 8$30K$30K
Other employee benefitsLn 9$46K$46K
Payroll taxesLn 10$23K$14K$9K
Accounting feesLn 11c$10K$10K
Advertising and promotionLn 12$660$660
Office expensesLn 13$38K$32K$6K
Depreciation, depletion and amortizationLn 22$54K$46K$8K
InsuranceLn 23$19K$16K$3K
Other expenses (24a–d)Ln 24$329K$323K$5K
All other expensesLn 24e$25K$23K$2K
Total functional expensesLn 25$760K$525K$235K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $4.6M$1.8M$2.8M$6.6M 990 PDF
FY2023 $2.0M$1.2M$749K$3.8M 990 PDF
FY2022 $1.1M$1.0M$111K$2.9M 990 PDF
FY2021 $1.1M$865K$242K$2.9M 990 PDF
FY2020 Viewing $1.0M$760K$254K$2.6M 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $1,014,594 across 6 lines filed
VIII-1f All other contributions, gifts and grants$17,388
VIII-1g Noncash contributions (included above)$17,388
VIII-1h Total contributions, gifts and grants$17,388
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $983,748$983,748
VIII-3 Investment incomeExcluded from tax $13,458$13,458
VIII-12 Total revenueRelated to mission $983,748 · Unrelated business $0 · Excluded from tax $13,458$1,014,594
Part IX · Statement of functional expenses $760,337 across 11 lines filed
IX-7 Other salaries and wagesPrograms $69,884 · Management $117,051$186,935
IX-8 Pension plan contributionsManagement $29,795$29,795
IX-9 Other employee benefitsManagement $46,080$46,080
IX-10 Payroll taxesPrograms $14,445 · Management $9,031$23,476
IX-11c Accounting feesManagement $9,550$9,550
IX-12 Advertising and promotionPrograms $660$660
IX-13 Office expensesPrograms $32,490 · Management $5,734$38,224
IX-22 Depreciation, depletion and amortizationPrograms $45,530 · Management $8,035$53,565
IX-23 InsurancePrograms $15,766 · Management $2,782$18,548
IX-24 Other expenses (24a–d)Programs $323,296 · Management $5,358$328,654
IX-24e All other expensesPrograms $22,998 · Management $1,852$24,850
IX-25 Total functional expensesPrograms $525,069 · Management $235,268 · Fundraising $0$760,337
Part X · Balance sheet $2,707,605 assets, 14 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,053,242$1,381,413
X-3 Pledges and grants receivableStart of year $5,000$5,000
X-4 Accounts receivableStart of year $68,339$75,178
X-9 Prepaid expenses and deferred chargesStart of year $9,165$9,618
X-10c Land, buildings and equipment, netStart of year $1,238,596$1,217,552
X-15 Other assetsStart of year $23,612$18,844
X-16 Total assetsStart of year $2,397,954$2,707,605
X-17 Accounts payable and accrued expensesStart of year $26,985$15,184
X-24 Unsecured notes and loans payable$67,195
X-26 Total liabilitiesStart of year $26,985$82,379
X-27 Net assets without donor restrictionsStart of year $2,342,357$2,601,382
X-28 Net assets with donor restrictionsStart of year $28,612$23,844
X-32 Total net assets or fund balancesStart of year $2,370,969$2,625,226
X-33 Total liabilities and net assetsStart of year $2,397,954$2,707,605
Part XI · Reconciliation of net assets $2,625,226 net assets at year end
XI-1 Total revenue$1,014,594
XI-2 Total expenses$760,337
XI-3 Revenue less expenses$254,257
XI-4 Net assets at start of year$2,370,969
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,625,226

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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