Monroe Electrical Joint Apprenticeship Training Fund EIN 72-0883295 Form 990 (PDF) Claim this org

Monroe Electrical Joint Apprenticeship Training Fund

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Trains aspiring electricians through apprenticeships. For fiscal year 2024 it reported $256K in revenue, $215K in expenses, and $446K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Monroe, LA
Filings
5 on file (2020–2024)
Revenue
$256KFY2024
Expenses
$215K
Net assets
$446K
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  72-0883295 Public charity (501(c)(3)) Monroe, LA
Form 990 (PDF)
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Size
$100K–1M
What they do
Trains aspiring electricians through apprenticeships.
Leadership
Brett Pierce · Director
Money in and out
$256K revenue, $215K expenses
Bottom line
97% program efficiency
Where the money goes · FY2024
Total revenue
$256K
Pt VIII · Ln 12
Total expenses
$215K
Pt IX · Ln 25
Net assets
$446K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $42K
Where spending went · Part IX cols B–D
Program services $0.97 Management & general $0.03
Program efficiency
97%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
24.9mo
months of highly liquid reserves at operating expense rate▲ +67% vs prior filing year
Surplus margin
+16%
revenue over expenses, this year▲ +70% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$256K
FY2024▼ -29%
Expenses
$215K
FY2024▼ -34%
Total assets
$446K
FY2024▲ +10%
Total liabilities
$0
FY2024
Total revenue
$256K
Pt VIII · Ln 12
Total expenses
$215K
Pt IX · Ln 25
Net assets
$446K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$42K
Total assetsPt X · Ln 16$446K
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMonroe Electrical Joint Apprenticeship Training Fund
EINHdr · item D72-0883295
Principal addressHdr · item CMonroe, LA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MLA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJun 1983

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $207K of program spending, described in the organization's own filed words · FY2023.
01

The trust fund shall be conducted exclusively for the purpose of supporting a program for the training of electrical apprentices and journeymen

$207Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$143K · 56%
Contributions & grants$104K · 40%
Investment income$10K · 4%
Program service revenue56%$143K
Contributions & grants40%$104K
Investment income4%$10K
— government grantsLn 1e$13K
Total revenueLn 12$256K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.03
Program services97%$207K
Management & general3%$7K
Total functional expensesLn 25$215K

Balance Sheet

Part X · end of year
CashLn 1$446K
Total assetsLn 16$446K
Total liabilitiesLn 26$0
Total net assetsLn 32$446K
Months of cash on handcomputed24.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $446K · Operating expenses/yr $215K
24.9 months
Where the money goes
Program services
Program services $207K · Total expenses $215K
97%
Management & General
Management & general $7K · Total expenses $215K
3%
Fundraising
Fundraising $0 · Total expenses $215K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $30K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $104K · Total revenue $256K
40%
Government reliance
Government grants $13K · Total revenue $256K
5%
Earned-income share
Program service revenue $143K · Total revenue $256K
56%
Investment reliance
Investment income $10K · Total revenue $256K
+4%
Program self-sufficiency
Program service revenue $143K · Total expenses $215K
67%
Growth & trend
Revenue growth (YoY)
This year $256K · Prior year $359K
-29%
Revenue CAGR
FY2019 $88K · FY2023 $256K
+31%
Net-asset trend (YoY)
End of year $446K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $256K · Expenses $215K
+16%
Liabilities-to-Assets
Total liabilities — · Total assets $446K
Net-asset ratio
Net assets $446K · Total assets $446K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $446K
0%
People & payroll
Highest Reported Total Compensation
Individual Brett Pierce · Reported title Director · Highest reported compensation $0 · Total expenses $215K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $68K · Total expenses $215K
32%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 97%
Overhead ratio 3%
Fundraising cost ratio 0%
Revenue growth -29%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 2%
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
FY2024 (Latest)$256K revenue · viewing · ⤓ 990 PDF
FY2023$359K revenue · ⤓ 990 PDF
FY2022$287K revenue · ⤓ 990 PDF
FY2021$82K revenue · ⤓ 990 PDF
FY2020$88K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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