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← DAKOTAS AREA ELECTRICAL APPRENTICESHIP & TRAINING FUND TRU

Form 990 for tax year 2023

Filed by DAKOTAS AREA ELECTRICAL APPRENTICESHIP & TRAINING FUND TRU.

Totals

Total revenue
$1,835,180
Total expenses
$1,597,697
Contributions and grants received
$177,271
Grants paid
$123,027
Program service revenue
$1,534,635
Investment income
$123,274
Other revenue
$0
Total assets, end of year
$2,690,734
Total liabilities, end of year
$318,404
Net assets or fund balances, end of year
$2,372,330
Program services expenses (Part IX)
$1,270,293
Management and general expenses
$327,404
Fundraising expenses
$0
Program service expenses (Part III)
$1,270,293

Program services were 79.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $177,271

  • 1g · Noncash contributions included above

    $24,901

  • 2a · Program service revenue: CONTRACTOR CONTRIBUTIONS

    total $1,534,635 · related or exempt $1,534,635

  • 3 · Investment income

    total $45,977 · excluded $45,977

  • 7a · Gross sales of assets other than inventory

    securities $1,079,765

  • 7b · Less cost or other basis and sales expenses

    securities $1,002,468

  • 7c · Gain or loss

    securities $77,297

  • 7d · Net gain or loss

    total $77,297 · excluded $77,297

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $123,027 · program services $123,027

  • 7 · Other salaries and wages

    total $639,837 · program services $639,837

  • 8 · Pension plan contributions

    total $67,465 · program services $67,465

  • 9 · Other employee benefits

    total $63,024 · program services $63,024

  • 10 · Payroll taxes

    total $48,931 · program services $48,931

  • 11b · Fees: legal

    total $49,259 · management and general $49,259

  • 11c · Fees: accounting

    total $13,938 · management and general $13,938

  • 11f · Fees: investment management

    total $8,201 · management and general $8,201

  • 11g · Fees: other

    total $131,923 · management and general $131,923

  • 12 · Advertising and promotion

    total $13,252 · management and general $13,252

  • 13 · Office expenses

    total $51,862 · management and general $51,862

  • 14 · Information technology

    total $8,692 · management and general $8,692

  • 16 · Occupancy

    total $67,639 · program services $63,554 · management and general $4,085

  • 17 · Travel

    total $55,530 · program services $55,530

  • 19 · Conferences, conventions and meetings

    total $23,806 · management and general $23,806

  • 22 · Depreciation, depletion and amortization

    total $33,982 · program services $33,982

  • 23 · Insurance

    total $22,386 · management and general $22,386

  • 24a · Other expenses: SHOP SUPPLIES

    total $94,063 · program services $94,063

  • 24b · Other expenses: EDUCATION

    total $39,406 · program services $39,406

  • 24c · Other expenses: APPRENTICE EXPENSES

    total $36,823 · program services $36,823

  • 24d · Other expenses: MODULES

    total $3,021 · program services $3,021

  • 24e · All other expenses

    total $1,630 · program services $1,630

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $190,300 · end of year $71,340

  • 2 · Savings and temporary cash investments

    beginning of year $40,259 · end of year $14,644

  • 4 · Accounts receivable

    beginning of year $157,915 · end of year $249,224

  • 8 · Inventories for sale or use

    beginning of year $53,398 · end of year $38,868

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,465 · end of year $56,358

  • 10a · Land, buildings and equipment: cost or other basis

    $338,896

  • 10b · Land, buildings and equipment: accumulated depreciation

    $259,151

  • 10c · Land, buildings and equipment, net

    beginning of year $104,516 · end of year $79,745

  • 11 · Investments: publicly traded securities

    beginning of year $1,770,300 · end of year $2,064,208

  • 15 · Other assets

    beginning of year $175,620 · end of year $116,347

  • 17 · Accounts payable and accrued expenses

    beginning of year $205,105 · end of year $202,057

  • 25 · Other liabilities

    beginning of year $175,620 · end of year $116,347

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $2,129,048 · end of year $2,372,330

Mission and programs · 2023

Mission

APPRENTICESHIP AND TRAINING PROGRAM

  • THE TRUST FUND EXISTS FOR THE SOLE PURPOSE OF SUPPORTING A PROGRAM FOR THE TRAINING AND EDUCATION OF ELECTRICAL APPRENTICES, JOURNEYMEN, AND OTHERS AND FOR PROGRAMS IN FURTHERANCE OF THE ELECTRICAL APPRENTICESHIP AND TRAINING PROGRAM AND THE ELECTRICAL INDUSTRY. THIS TRAINING IS PROVIDED THROUGH EMPLOYER CONTRIBUTIONS SET ASIDE THROUGH A COLLECTIVE BARGAINING AGREEMENT.

    Expenses $1,270,293 · Grants $123,027 · Revenue $1,534,635

As filed on the 2023 return.

Listed in Part VII

  • Ed Christian

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Jay Soderquist

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Lance Johnson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Brent Michelsen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Robert Wolf

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Dylan Meyer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Jeremy Denault

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Michael Plank

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Adam Kidwell

    DIRECTOR OF EDUCATION

    Total calculated
    $144,365
    From this org
    $112,489
    From related orgs
    $0
    Other
    $31,876
    Hours/week
    54

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202511359349304881

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