Form 990 for tax year 2024

2a · Program service revenue: EMPLOYER CONTRIBUTIONS

total $19,604,690 · related or exempt $19,604,690

2b · Program service revenue: REIMBURSEMENTS FROM IVY TECH

total $917,120 · related or exempt $917,120

2c · Program service revenue: SCHOOL FEES AND SUPPLIES

total $180,755 · related or exempt $180,755

3 · Investment income

total $406,876 · excluded $406,876

7a · Gross sales of assets other than inventory

other assets $12,735

7b · Less cost or other basis and sales expenses

other assets $0

7c · Gain or loss

other assets $12,735

7d · Net gain or loss

total $12,735 · excluded $12,735

11a · Other revenue: REIMBURSEMENTS FROM AFFILIATED OR

total $1,320,694 · excluded $1,320,694

11b · Other revenue: OTHER RECEIPTS

total $108,698 · excluded $108,698

11c · Other revenue: INSURANCE PROCEEDS

total $3,323 · excluded $3,323

11d · All other revenue

total $1,091 · excluded $1,091

11e · Other revenue, total

$1,433,806

5 · Compensation of officers, directors and key employees

total $297,431 · program services $297,431

7 · Other salaries and wages

total $6,445,812 · program services $5,698,007 · management and general $747,805

8 · Pension plan contributions

total $1,368,156 · program services $1,298,270 · management and general $69,886

9 · Other employee benefits

total $2,268,745 · program services $2,092,845 · management and general $175,900

10 · Payroll taxes

total $526,174 · program services $467,090 · management and general $59,084

11b · Fees: legal

total $77,955 · management and general $77,955

11c · Fees: accounting

total $58,402 · management and general $58,402

11g · Fees: other

total $17,263 · management and general $17,263

12 · Advertising and promotion

total $177,673 · management and general $177,673

13 · Office expenses

total $361,263 · management and general $361,263

14 · Information technology

total $477,870 · program services $303,453 · management and general $174,417

16 · Occupancy

total $653,200 · program services $578,905 · management and general $74,295

17 · Travel

total $121,858 · program services $121,858

19 · Conferences, conventions and meetings

total $187,915 · program services $187,915

20 · Interest

total $169,064 · program services $169,064

22 · Depreciation, depletion and amortization

total $1,203,338 · program services $1,068,217 · management and general $135,121

23 · Insurance

total $207,253 · management and general $207,253

24a · Other expenses: APPRENTICE AND JOURNEYM

total $1,066,541 · program services $1,066,541

24b · Other expenses: WORKSHOP SUPPLIES AND M

total $972,400 · program services $972,400

24c · Other expenses: APPRENTICE AND JOURNEYM

total $840,379 · program services $840,379

24d · Other expenses: BUILDING MAINTENANCE

total $706,192 · program services $706,192

24e · All other expenses

total $500,234 · program services $458,609 · management and general $41,625

1 · Cash, non-interest-bearing

beginning of year $302,830 · end of year $5,954

2 · Savings and temporary cash investments

beginning of year $5,108,804 · end of year $5,845,163

4 · Accounts receivable

beginning of year $2,910,406 · end of year $2,926,128

9 · Prepaid expenses and deferred charges

beginning of year $146,275 · end of year $158,167

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

$37,265,404

10b · Land, buildings and equipment: accumulated depreciation

$11,451,108

10c · Land, buildings and equipment, net

beginning of year $23,557,969 · end of year $25,814,296

11 · Investments: publicly traded securities

beginning of year $4,328,246 · end of year $4,714,321

15 · Other assets

beginning of year $1,328,974 · end of year $765,116

17 · Accounts payable and accrued expenses

beginning of year $2,169,123 · end of year $1,287,240

23 · Secured mortgages and notes payable

beginning of year $3,337,496 · end of year $3,258,790

25 · Other liabilities

beginning of year $171,933 · end of year $171,933

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 $32,004,952 · end of year $35,511,182