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Nonprofiteer
← MACHINISTS INSTITUTE

Form 990 for tax year 2024

Filed by MACHINISTS INSTITUTE.

Totals

Total revenue
$6,594,851
Total expenses
$6,392,274
Contributions and grants received
$6,353,346
Grants paid
$0
Program service revenue
$16,635
Investment income
$224,870
Other revenue
$0
Total assets, end of year
$12,537,934
Total liabilities, end of year
$4,562,421
Net assets or fund balances, end of year
$7,975,513
Program services expenses (Part IX)
$5,239,492
Management and general expenses
$1,097,059
Fundraising expenses
$55,723
Program service expenses (Part III)
$5,239,492

Program services were 82.0% 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.

  • 1d · Related organizations

    $2,446,448

  • 1e · Government grants (contributions)

    $2,547,337

  • 1f · All other contributions, gifts and grants

    $1,359,561

  • 2a · Program service revenue: OTHER PROGRAM REVENUE

    total $15,235 · related or exempt $15,235

  • 2b · Program service revenue: APPRENTICESHIP TUITION

    total $1,400 · related or exempt $1,400

  • 3 · Investment income

    total $224,870 · excluded $224,870

  • 7a · Gross sales of assets other than inventory

    securities $3,674,264

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

    securities $3,674,264

  • 7c · Gain or loss

    securities $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $202,249 · management and general $202,249

  • 7 · Other salaries and wages

    total $2,742,956 · program services $2,299,366 · management and general $407,955 · fundraising $35,635

  • 8 · Pension plan contributions

    total $134,928 · program services $105,340 · management and general $27,955 · fundraising $1,633

  • 9 · Other employee benefits

    total $432,678 · program services $337,798 · management and general $89,645 · fundraising $5,235

  • 10 · Payroll taxes

    total $413,739 · program services $323,012 · management and general $85,721 · fundraising $5,006

  • 11b · Fees: legal

    total $60,400 · management and general $60,400

  • 11c · Fees: accounting

    total $52,150 · management and general $52,150

  • 11f · Fees: investment management

    total $615 · management and general $615

  • 11g · Fees: other

    total $145,340 · program services $144,152 · fundraising $1,188

  • 12 · Advertising and promotion

    total $34,336 · program services $27,036 · management and general $7,115 · fundraising $185

  • 13 · Office expenses

    total $20,330 · program services $16,007 · management and general $4,213 · fundraising $110

  • 14 · Information technology

    total $25,431 · program services $20,024 · management and general $5,270 · fundraising $137

  • 16 · Occupancy

    total $65,959 · program services $51,914 · management and general $13,668 · fundraising $377

  • 17 · Travel

    total $74,103 · program services $58,558 · management and general $15,356 · fundraising $189

  • 22 · Depreciation, depletion and amortization

    total $474,628 · program services $370,549 · management and general $98,353 · fundraising $5,726

  • 23 · Insurance

    total $37,591 · program services $29,499 · management and general $7,790 · fundraising $302

  • 24a · Other expenses: REIMBURSABLE GRANT EXPE

    total $1,086,337 · program services $1,086,337

  • 24b · Other expenses: CCW PROGRAM EXPENSES

    total $156,606 · program services $156,606

  • 24c · Other expenses: L&I PROGRAM EXPENSES

    total $142,119 · program services $142,119

  • 24e · All other expenses

    total $89,779 · program services $71,175 · management and general $18,604

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $290,165 · end of year $193,646

  • 2 · Savings and temporary cash investments

    beginning of year $3,961,977 · end of year $3,276,184

  • 4 · Accounts receivable

    beginning of year $421,825 · end of year $671,952

  • 9 · Prepaid expenses and deferred charges

    beginning of year $87,010 · end of year $162,807

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

    $7,803,736

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

    $801,333

  • 10c · Land, buildings and equipment, net

    beginning of year $6,303,327 · end of year $7,002,403

  • 11 · Investments: publicly traded securities

    beginning of year $1,142,963 · end of year $825,437

  • 15 · Other assets

    beginning of year $391,441 · end of year $405,505

  • 17 · Accounts payable and accrued expenses

    beginning of year $336,605 · end of year $836,317

  • 19 · Deferred revenue

    beginning of year $4,458,554 · end of year $3,305,298

  • 25 · Other liabilities

    beginning of year $409,862 · end of year $420,806

  • 27 · Net assets without donor restrictions

    beginning of year $7,393,687 · end of year $7,975,513

Mission and programs · 2024

Mission

WE ENVISION A PROSPERITY FOR WORKERS ACROSS MULTIPLE INDUSTRIES THROUGH WORLD CLASS, ACCESSIBLE AND AFFORDABLE EDUCATION AND TRAINING BY PROVIDING PATHWAYS TO DEVELOP THE SKILLS NEEDED FOR IAM MEMBERS ALONG WITH THOSE IN OUR COMMUNITY IN NEED OF OPPORTUNITIES AND RIGHTS IN THE WORKPLACE.

Activities or mission (Part I)

TO EMPOWER WORKERS TO BUILD A BETTER FUTURE THROUGH WORLD CLASS EDUCATION, TRAINING AND UNION RIGHTS ON THE JOB.

  • L&I TRAINING, EDUCATION & SUPPORT:-SERVE 100 APPRENTICES PER YEAR-SERVE 100 PRE-APPRENTICES PER YEAR -SERVE 200 INCUMBENT WORKERS PER YEAR-OPEN A TRAINING CENTER IN THE SOUTH SEATTLE AREA TO PROVIDE TRAININGS FOR ALL CATEGORIES LISTED ABOVE-RESEARCH AND WORK TO OPEN A CHILDCARE SITE IN THE PUGET SOUND AREA THAT OCUSES ON HOURS FOR WORKERS THAT WORK NON-STANDARD HOURS FROM ALL TRADES AND OCCUPATIONS. -ENHANCE THE MI'S WEBSITE TO PORTRAY CURRENT EVENTS AND CLASSES-PROVIDE STUDENT SUPPORT SERVICES IN THE FORM OF TUITION, CHILDCARE, HOUSING, TRANSPORTATION AND FOOD ASSISTANCE.-PROVIDE PRE-APPRENTICESHIP TRAINING FOR ANYONE IN THE GREATER PUGET SOUND AREA.-WORKING WITH CAEL AND AREA COMMUNITY AND TECHNICAL COLLEGES BEGIN TO CREATE A MULTI-OCCUPATIONAL DEGREE PATHWAY IN WHICH APPRENTICES THAT HAVE COMPLETED 4 YEARS OF OJT CAN ACQUIRE THEIR 2 YEAR AA DEGREE THROUGH EVCC BY ENHANCING THEIR RSI INSTRUCTION TO MEET THE REQUIREMENTS OF EVCC'S BASIC DEGREE COMPLETION CLASSES I.E. COMMUNICATION, ENGLISH, AND MATH.

    Expenses $3,740,024 · Revenue $16,635

  • WASHINGTON JOBS INITIATIVE/GOOD JOBS CHALLENGE GRANT: WITHIN THE INDUSTRY SECTOR OF AEROSPACE AND ADVANCED MANUFACTURING, MI IS PARTNERING WITH A COALITION OF EMPLOYERS AND OTHER STRATEGIC PARTNERS TO TRAIN AND PLACE WORKERS INTO HIGH-QUALITY JOBS THAT THE EMPLOYERS NEED FILLED AND INTEND TO FILL THROUGH THE PARTNERSHIP. WORKING WITH PARTNERS SUCH AS SEATTLE JOBS INITIATIVE, ANEW, COE MARINE TECHNOLOGY AND AWB INSTITUTE MI IS WORKING TO PLACE GRADUATES FROM OUR PRE-APPRENTICESHIP COHORTS IN ADVANCED MANUFACTURING AND WELDING INTO HIGH-QUALITY JOBS THAT ARE PAYING LIVABLE WAGES.

    Expenses $1,212,749

  • ESD ABA PRE-APPRENTICESHIP GRANT: EXPAND MI'S CAREER ACCELERATOR PRE-APPRENTICESHIP PROGRAM BY CREATING AND ADOPTING A FABRICATION WELDING PRE-APPRENTICESHIP 12-WEEK PROGRAM; DEVELOP A STRATEGY FOR ENGAGING YOUTH AND REMOVING PROGRAM BARRIERS FOR UNDERREPRESENTED PERSONS SUCH AS; LOCAL TRIBES, THE LATINO CIVIC ALLIANCE, MILITARY FAMILIES, VETERANS RETURNING TO THE CIVILIAN WORKFORCE, LGBTQ, AND BIPOC INDIVIDUALS.

    Expenses $188,906

  • ESD ABA APPRENTICESHIP GRANT: DESIGN AND IMPLEMENT A MACHINE OPERATOR 18-MONTH APPRENTICESHIP OCCUPATION AND REGISTER IT WITH L&I THROUGH THE STATE OF WASHINGTON. ENGAGE IN THE STATEWIDE EFFORT TO DEVELOP CAREER PATHWAYS FROM K-12 THROUGH HIGHER EDUCATION.

    Expenses $97,813

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jon Holden

    PRESIDENT

    Total calculated
    $223,386
    From this org
    $0
    From related orgs
    $210,568
    Other
    $12,818
    Hours/week
    1.5 + 45.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $191,735 related
    Bonus
    $0
    Other
    $0 + $18,833 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $12,818 related
    Filer's total
    $0 + $223,386 related

  • Richard Jackson

    SECRETARY & TREASURER

    Total calculated
    $222,263
    From this org
    $0
    From related orgs
    $195,471
    Other
    $26,792
    Hours/week
    1.5 + 45.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $175,757 related
    Bonus
    $0
    Other
    $0 + $19,714 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $26,792 related
    Filer's total
    $0 + $222,263 related

  • Levi Wilson

    BOARD MEMBER

    Total calculated
    $16,742
    From this org
    $0
    From related orgs
    $15,672
    Other
    $1,070
    Hours/week
    1 + 3.3 related

  • Bruce McFarland

    BOARD MEMBER

    Total calculated
    $4,149
    From this org
    $0
    From related orgs
    $4,149
    Other
    $0
    Hours/week
    1 + 4 related

  • Kevin Currie

    BOARD MEMBER

    Total calculated
    $24,482
    From this org
    $0
    From related orgs
    $23,025
    Other
    $1,457
    Hours/week
    1 + 1 related

  • Joshua Koopmans

    BOARD MEMBER

    Total calculated
    $19,186
    From this org
    $0
    From related orgs
    $17,797
    Other
    $1,389
    Hours/week
    1 + 1 related

  • Jim Henle

    BOARD MEMBER

    Total calculated
    $31,202
    From this org
    $0
    From related orgs
    $25,844
    Other
    $5,358
    Hours/week
    1 + 15.3 related

  • Shana Peschek

    EXECUTIVE DIRECTOR

    Total calculated
    $202,249
    From this org
    $165,182
    From related orgs
    $0
    Other
    $37,067
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,182
    Bonus
    $0
    Other
    $0
    Deferred
    $6,863
    Nontaxable benefits
    $30,204
    Filer's total
    $202,249

  • Susan Bradshaw

    DIRECTOR OF GRANTS

    Total calculated
    $152,492
    From this org
    $118,261
    From related orgs
    $0
    Other
    $34,231
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $118,261
    Bonus
    $0
    Other
    $0
    Deferred
    $4,435
    Nontaxable benefits
    $29,796
    Filer's total
    $152,492

  • Elena Door

    ACCOUNTING MANAGER

    Total calculated
    $143,052
    From this org
    $106,929
    From related orgs
    $0
    Other
    $36,123
    Hours/week
    40

  • Kim Dove

    PROGRAM DIRECTOR - BOEING

    Total calculated
    $149,336
    From this org
    $112,858
    From related orgs
    $0
    Other
    $36,478
    Hours/week
    40

  • Adam Grim

    SENIOR DIRECTOR OF OPERATIONS

    Total calculated
    $172,908
    From this org
    $134,815
    From related orgs
    $0
    Other
    $38,093
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,815
    Bonus
    $0
    Other
    $0
    Deferred
    $8,089
    Nontaxable benefits
    $30,004
    Filer's total
    $172,908

  • Jason Trosine

    REGIONAL DIRECTOR

    Total calculated
    $146,419
    From this org
    $110,275
    From related orgs
    $0
    Other
    $36,144
    Hours/week
    40

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE EXECUTIVE DIRECTOR'S COMPENSATION IS SUBJECT TO BOARD APPROVAL, WHICH INCLUDES A COST OF LIVING ADJUSTMENT THAT IS ALSO APPROVED BY THE BOARD.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202533179349312363

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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