To raise funds to assure the long term stability and existence of Perry Technical institute.

501(c)(3) charity; gifts are tax-deductible.
84¢ 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 $713K a year · 35% 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
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
4 mo
of spending, in cash
Plus $9.4M in investments, Pt X · Ln 11–13
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $2.7M
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$589K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 15 voting members
Looks good: 12 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.8M
-4% vs prior year
Spent
$1.7M
To programs
84%
Net assets
$10.4M
By yearFY2021–FY2025
Revenue
$1.8M
FY2023▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.1M
FY2022$1.9M
FY2023$1.8M
FY2024$1.2M
FY2025$4.0M
Expenses
$1.7M
FY2023▲ +21%
Tap a bar for its year
Expenses by fiscal year
FY2021$935K
FY2022$1.4M
FY2023$1.7M
FY2024$1.1M
FY2025$1.2M
Net assets
$10.4M
FY2023▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2021$10.9M
FY2022$9.9M
FY2023$10.4M
FY2024$11.3M
FY2025$14.8M

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

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1993.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $1.5M Management & general 2% · $38K Fundraising 14% · $250K

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

16 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director (until 10/22)
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Perry Technical Foundation 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 Perry Technical Institute's long-term stability and existence through fundraising.

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Provided by the organization

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3 programs · $1.5M · in their own filed words · FY2022
01

The perry technical foundation assists with educational programs at perry technical institute through equipment purchases and capital improvements. During the 2022-2023 fiscal year, $772,660 in equipment funds and operational support funds for perry tech institute were disbursed.

$773Kprogram expense
02

The perry technical foundation supports students attending perry technical institute by providing a comprehensive scholarship program. Scholarships are offered twice a year to students in good standing who have completed one quarter.

$684Kprogram expense
03

The perry technical foundation supports students attending perry technical institute by offering small loans to students. Loan funds are available to students with good credit who are struggling with the funds needed to purchase equipment or tools for their program.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 3 funders →
Grants paid · 10 grants · $5.1M · 2020–2024
Unitemized GrantFY2024$762,209
Unitemized GrantFY2023$707,404
Unitemized GrantFY2022$683,928
Unitemized GrantFY2021$681,541
Unitemized GrantFY2020$514,646

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.8M
Ln 12
Gifts and grantsLn 1h$1.2M
Investment incomeLn 3$426K
Other incomeLn 4–11$229K
Money outPt IX
$1.7M
Ln 25
Programscol B$1.5M
Managementcol C$38K
Fundraisingcol D$250K
Owns and owesPt X
$10.4M
net assets · Ln 32
Cash and savingsLn 1–2$628K
Total assetsLn 16$11.0M
LiabilitiesLn 26$589K
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Noncash giftsLn 1g$47K
Investment incomeLn 3$426K
Other incomeLn 4–11$229K
Gains on assetsLn 7$108K
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
SavingsLn 2$628K
Cash and savings togetherLn 1–2$628K
InvestmentsLn 11–13$9.4M
Other assetsLn 15$358K
Total assetsLn 16$11.0M
LiabilitiesLn 26$589K
Net assetsLn 32$10.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6144
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$399K$628K
InvestmentsLn 11–13$9.1M$9.4M
Total assetsLn 16$10.0M$11.0M
LiabilitiesLn 26$165K$589K
Net assetsLn 32$9.9M$10.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$773K$773K
Grants to domestic individualsLn 2$684K$684K
Pay of current officers, directors and key staffLn 5$86K$86K
Other salaries and wagesLn 7$77K$77K
Payroll taxesLn 10$11K$11K
Investment management feesLn 11f$36K$36K
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$49K$49K
Office expensesLn 13$5K$5K
TravelLn 17$365$365
Other expenses (24a–d)Ln 24$21K$21K
Total functional expensesLn 25$1.7M$1.5M$38K$250K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.0M$1.2M$2.8M$14.8M 990 PDF
FY2024 $1.2M$1.1M$73K$11.3M 990 PDF
FY2023 Viewing $1.8M$1.7M$100K$10.4M 990 PDF
FY2022 $1.9M$1.4M$475K$9.9M 990 PDF
FY2021 $1.1M$935K$124K$10.9M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $1,844,180 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,351,931$1,188,867
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $415,323$426,360
I-11 Other revenuePrior year $152,073$228,953
I-12 Total revenuePrior year $1,919,327$1,844,180
I-13 Grants and similar amounts paidPrior year $1,166,711$1,456,588
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $138,002$174,667
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $139,634$112,640
I-18 Total expensesPrior year $1,444,347$1,743,895
I-19 Revenue less expensesPrior year $474,980$100,285
Part VI · Governance 12 of 15 board members independent, 1 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members12
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,844,180 across 8 lines filed
Lines not itemized here account for $228,031 of total revenue; see the IRS return.
VIII-1d Related organizations$186,072
VIII-1f All other contributions, gifts and grants$1,002,795
VIII-1g Noncash contributions (included above)$46,609
VIII-1h Total contributions, gifts and grants$1,188,867
VIII-3 Investment incomeExcluded from tax $318,153$318,153
VIII-7 Net gain or loss on sales of assetsExcluded from tax $108,207$108,207
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $922$922
VIII-12 Total revenueRelated to mission $922 · Unrelated business $0 · Excluded from tax $654,391$1,844,180
Part IX · Statement of functional expenses $1,743,895 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $772,660$772,660
IX-2 Grants to domestic individualsPrograms $683,928$683,928
IX-5 Pay of current officers, directors and key staffFundraising $86,283$86,283
IX-7 Other salaries and wagesFundraising $77,027$77,027
IX-10 Payroll taxesFundraising $11,357$11,357
IX-11f Investment management feesManagement $35,870$35,870
IX-11g Other fees for servicesManagement $1,705$1,705
IX-12 Advertising and promotionFundraising $48,668$48,668
IX-13 Office expensesFundraising $5,023$5,023
IX-17 TravelFundraising $365$365
IX-24 Other expenses (24a–d)Fundraising $21,009$21,009
IX-25 Total functional expensesPrograms $1,456,588 · Management $37,575 · Fundraising $249,732$1,743,895
Part X · Balance sheet $10,994,168 assets, 13 lines filed
Asset lines not itemized here account for $61,377; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $398,869$627,692
X-3 Pledges and grants receivableStart of year $192,500$560,000
X-11 Publicly traded securitiesStart of year $9,052,806$9,387,206
X-15 Other assetsStart of year $330,203$357,893
X-16 Total assetsStart of year $10,038,407$10,994,168
X-17 Accounts payable and accrued expensesStart of year $4,943$8,532
X-19 Deferred revenueStart of year $112,099$59,986
X-25 Other liabilitiesStart of year $47,842$520,524
X-26 Total liabilitiesStart of year $164,884$589,042
X-27 Net assets without donor restrictionsStart of year $641,430$775,839
X-28 Net assets with donor restrictionsStart of year $9,232,093$9,629,287
X-32 Total net assets or fund balancesStart of year $9,873,523$10,405,126
X-33 Total liabilities and net assetsStart of year $10,038,407$10,994,168
Part XI · Reconciliation of net assets $10,405,126 net assets at year end
XI-1 Total revenue$1,844,180
XI-2 Total expenses$1,743,895
XI-3 Revenue less expenses$100,285
XI-4 Net assets at start of year$9,873,523
XI-5 Net unrealized gains (losses) on investments$431,318
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$10,405,126

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

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