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← J M PERRY INSTITUTE OF TRADES INDUSTRIES & AGRICULTURE

Form 990 for tax year 2024

Filed by J M PERRY INSTITUTE OF TRADES INDUSTRIES & AGRICULTURE.

Totals

Total revenue
$22,676,116
Total expenses
$18,770,620
Contributions and grants received
$1,395,595
Grants paid
$532,783
Program service revenue
$19,975,185
Investment income
$807,740
Other revenue
$497,596
Total assets, end of year
$68,339,166
Total liabilities, end of year
$7,377,117
Net assets or fund balances, end of year
$60,962,049
Program services expenses (Part IX)
$14,174,283
Management and general expenses
$4,596,337
Fundraising expenses
$0
Program service expenses (Part III)
$14,174,283

Program services were 75.5% 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.

  • 1d · Related organizations

    $154,094

  • 1e · Government grants (contributions)

    $713,753

  • 1f · All other contributions, gifts and grants

    $527,748

  • 1g · Noncash contributions included above

    $527,748

  • 2a · Program service revenue: TUITION

    total $19,709,662 · related or exempt $19,709,662

  • 2b · Program service revenue: WORK ORDERS

    total $234,939 · related or exempt $234,939

  • 2c · Program service revenue: CONTINUING EDUCATION

    total $30,584 · related or exempt $30,584

  • 3 · Investment income

    total $774,701 · excluded $774,701

  • 6a · Gross rents

    real property $4,920

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $4,920

  • 6d · Net rental income or loss

    total $4,920 · excluded $4,920

  • 7a · Gross sales of assets other than inventory

    securities $2,228,663 · other assets $47,999

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

    securities $2,242,431 · other assets $1,192

  • 7c · Gain or loss

    securities -$13,768 · other assets $46,807

  • 7d · Net gain or loss

    total $33,039 · excluded $33,039

  • 10a · Gross sales of inventory

    $234,080

  • 10b · Cost of goods sold

    $171,029

  • 10c · Net income from sales of inventory

    total $63,051 · related or exempt $63,051

  • 11a · Other revenue: OTHER INCOME - HIP

    total $255,823 · related or exempt $255,823

  • 11b · Other revenue: ADMIN INCOME

    total $149,792 · related or exempt $149,792

  • 11c · Other revenue: COMMISSION SALES INCOME

    total $24,010 · related or exempt $24,010

  • 11e · Other revenue, total

    $429,625

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $229,798 · program services $229,798

  • 2 · Grants to domestic individuals

    total $302,985 · program services $302,985

  • 5 · Compensation of officers, directors and key employees

    total $350,464 · management and general $350,464

  • 7 · Other salaries and wages

    total $8,761,092 · program services $7,144,315 · management and general $1,616,777

  • 8 · Pension plan contributions

    total $380,538 · program services $307,336 · management and general $73,202

  • 9 · Other employee benefits

    total $1,374,924 · program services $1,099,731 · management and general $275,193

  • 10 · Payroll taxes

    total $799,143 · program services $633,605 · management and general $165,538

  • 11b · Fees: legal

    total $1,077 · management and general $1,077

  • 11c · Fees: accounting

    total $81,362 · management and general $81,362

  • 11f · Fees: investment management

    total $100,526 · management and general $100,526

  • 11g · Fees: other

    total $449,063 · program services $70,219 · management and general $378,844

  • 12 · Advertising and promotion

    total $109,162 · program services $27,431 · management and general $81,731

  • 13 · Office expenses

    total $240,020 · program services $21,300 · management and general $218,720

  • 14 · Information technology

    total $590,249 · program services $14,670 · management and general $575,579

  • 17 · Travel

    total $137,272 · program services $111,857 · management and general $25,415

  • 19 · Conferences, conventions and meetings

    total $29,954 · program services $14,167 · management and general $15,787

  • 20 · Interest

    total $58,483 · management and general $58,483

  • 22 · Depreciation, depletion and amortization

    total $1,536,924 · program services $1,313,453 · management and general $223,471

  • 24a · Other expenses: SUPPLIES

    total $2,074,586 · program services $1,991,455 · management and general $83,131

  • 24b · Other expenses: BUILDING COSTS

    total $981,471 · program services $834,250 · management and general $147,221

  • 24e · All other expenses

    total $181,527 · program services $57,711 · management and general $123,816

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $11,708,480 · end of year $11,748,300

  • 2 · Savings and temporary cash investments

    beginning of year $6,368,593 · end of year $9,352,525

  • 4 · Accounts receivable

    beginning of year $532,534 · end of year $1,494,890

  • 8 · Inventories for sale or use

    beginning of year $81,337 · end of year $80,123

  • 9 · Prepaid expenses and deferred charges

    beginning of year $190,053 · end of year $70,294

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

    $43,082,191

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

    $20,309,995

  • 10c · Land, buildings and equipment, net

    beginning of year $23,052,609 · end of year $22,772,196

  • 11 · Investments: publicly traded securities

    beginning of year $20,211,136 · end of year $21,930,295

  • 15 · Other assets

    beginning of year $1,087,217 · end of year $890,543

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,361,003 · end of year $1,306,313

  • 19 · Deferred revenue

    beginning of year $5,093,180 · end of year $5,123,552

  • 20 · Tax-exempt bond liabilities

    beginning of year $1,319,291 · end of year $947,252

  • 27 · Net assets without donor restrictions

    beginning of year $53,939,485 · end of year $59,443,049

  • 28 · Net assets with donor restrictions

    beginning of year $1,519,000 · end of year $1,519,000

Mission and programs · 2024

Mission

TO FULFILL THE DEMAND FOR HIGHLY SKILLED PROFESSIONALS AS A NATIONALLY RECOGNIZED INSTITUTION KNOWN FOR OUR UNIQUE AND RELEVANT CAREER TRAINING.

Activities or mission (Part I)

TO EDUCATE, EMPOWER AND EQUIP STUDENTS FOR LIFELONG CAREERS IN INDUSTRY.

  • PERRY TECHNICAL INSTITUTE SERVES THE NEEDS OF A VARIETY OF INDUSTRIES BY EQUIPPING STUDENTS WITH STRONG TECHNICAL SKILLS AND POSITIVE WORK HABITS. FACULTY MEMBERS WITH EXTENSIVE EXPERIENCE IN INDUSTRY PROVIDE SPECIALIZED CLASSROOM INSTRUCTION AND HANDS-ON LAB EXPERIENCE. OVER 800 STUDENTS ARE ENROLLED IN PERRY'S 13 TRAINING PROGRAMS. PERRY COMPLETED THE REACCREDIDATION PROCESS, RESULTING IN FULL ACCREDIDATION WITH NO FINDINGS.

    Expenses $14,174,283 · Grants $532,783 · Revenue $20,467,861

As filed on the 2024 return.

Listed in Part VII

  • Terry Schmalz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Curtis King

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Jake Jundt

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Cathy Sterbenz

    VP OF FINANCE AND ADMIN

    Total calculated
    $178,447
    From this org
    $159,878
    From related orgs
    $0
    Other
    $18,569
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $159,878
    Bonus
    $0
    Other
    $0
    Deferred
    $9,630
    Nontaxable benefits
    $8,939
    Filer's total
    $178,447

  • Jason Lamiquiz

    PRESIDENT

    Total calculated
    $150,689
    From this org
    $128,954
    From related orgs
    $0
    Other
    $21,735
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,954
    Bonus
    $0
    Other
    $0
    Deferred
    $7,997
    Nontaxable benefits
    $13,738
    Filer's total
    $150,689

  • Nathan Hull

    VP OF ACADEMIC AFFAIRS

    Total calculated
    $162,501
    From this org
    $144,565
    From related orgs
    $0
    Other
    $17,936
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $144,565
    Bonus
    $0
    Other
    $0
    Deferred
    $8,690
    Nontaxable benefits
    $9,246
    Filer's total
    $162,501

  • Ronald Zike

    INSTRUCTOR

    Total calculated
    $138,241
    From this org
    $121,752
    From related orgs
    $0
    Other
    $16,489
    Hours/week
    40

  • Josh Phillips

    VP OF INFORMATION TECHNOLOGY

    Total calculated
    $146,281
    From this org
    $120,756
    From related orgs
    $0
    Other
    $25,525
    Hours/week
    40

  • Anthony Nirk

    DEPT HEAD INSTRUMENTATION

    Total calculated
    $139,094
    From this org
    $114,004
    From related orgs
    $0
    Other
    $25,090
    Hours/week
    40

  • Tressa Shockley

    FOUNDATION DIRECTOR

    Total calculated
    $131,958
    From this org
    $113,431
    From related orgs
    $0
    Other
    $18,527
    Hours/week
    40

  • Christine Cote

    FORMER PRESIDENT

    Total calculated
    $152,731
    From this org
    $140,802
    From related orgs
    $0
    Other
    $11,929
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $140,802
    Bonus
    $0
    Other
    $0
    Deferred
    $7,525
    Nontaxable benefits
    $4,404
    Filer's total
    $152,731

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

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

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.

  • PERRY TECHNICAL FOUNDATION

    501(C)(3) · TO RAISE FUNDS TO GIVE SCHOLARSHIPS TO PERRY TECHNICAL INSTITUTE · WA

    Directly controlled by JM PERRY INSTITUTE OF TRADES INDUSTRIES

Provenance

Return type
form_990
Tax year
2024
Filed
28 January 2026
IRS schema version
2024v5.5
Source object
202620299349300747

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