Totals
- Total revenue
- $2,468,746
- Total expenses
- $6,123,779
- Contributions and grants received
- $422,543
- Grants paid
- $156,995
- Program service revenue
- $2,046,203
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $370,111
- Total liabilities, end of year
- $1,052,176
- Net assets or fund balances, end of year
- -$682,065
- Program services expenses (Part IX)
- $5,264,462
- Management and general expenses
- $788,674
- Fundraising expenses
- $70,643
- Program service expenses (Part III)
- $5,264,462
Program services were 86.0% 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.
-
1f · All other contributions, gifts and grants
$422,543
-
2a · Program service revenue: TUITION AND FEES
total $2,046,203 · related or exempt $2,046,203
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $156,995 · program services $156,995
-
5 · Compensation of officers, directors and key employees
total $319,766 · program services $114,680 · management and general $191,995 · fundraising $13,091
-
7 · Other salaries and wages
total $2,048,564 · program services $1,957,132 · management and general $76,193 · fundraising $15,239
-
9 · Other employee benefits
total $378,948 · program services $333,474 · management and general $37,895 · fundraising $7,579
-
10 · Payroll taxes
total $182,323 · program services $159,496 · management and general $20,646 · fundraising $2,181
-
11a · Fees: management
total $31,326 · program services $31,326
-
11b · Fees: legal
total $62,651 · management and general $62,651
-
12 · Advertising and promotion
total $231,937 · program services $150,334 · management and general $59,989 · fundraising $21,614
-
13 · Office expenses
total $61,642 · management and general $61,642
-
14 · Information technology
total $89,148 · program services $66,861 · management and general $22,287
-
16 · Occupancy
total $914,498 · program services $800,002 · management and general $103,557 · fundraising $10,939
-
17 · Travel
total $185,367 · program services $92,684 · management and general $92,683
-
23 · Insurance
total $2,653 · management and general $2,653
-
24a · Other expenses: CLASS TOOLS, SUPPLIES,
total $670,787 · program services $670,787
-
24b · Other expenses: OTHER SUBCONTRACTORS
total $407,060 · program services $407,060
-
24c · Other expenses: RECRUITING/RETENTION EX
total $146,718 · program services $146,718
-
24d · Other expenses: REPAIRS/MAINTENANCE
total $68,020 · program services $68,020
-
24e · All other expenses
total $165,376 · program services $108,893 · management and general $56,483
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $298,736 · end of year $362,611
-
4 · Accounts receivable
beginning of year $3,391,333 · end of year $7,500
-
6 · Loans and receivables from disqualified persons
beginning of year $3,056,668 · end of year $0
-
15 · Other assets
beginning of year $26,836 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $96,276 · end of year $0
-
19 · Deferred revenue
beginning of year $3,092,710 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $552,619 · end of year $1,052,176
-
25 · Other liabilities
beginning of year $59,000 · end of year $0
-
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 $2,972,968 · end of year -$682,065
Mission and programs · 2024
Mission
RAISING AWARENESS AND SUPPORTING BLUE-COLLAR TRADES (INCLUDING BUT NOT LIMITED TO WELDING). TO SUPPORT AWARENESS PROGRAMS AND PROVIDE GRANTS/SCHOLARSHIPS, THEREBY CREATING OPPORTUNITIES FOR INDIVIDUALS TO PURSUE QUALITY EDUCATIONAL PROGRAMS FOCUSED ON PRACTICAL AND TECHNICAL SKILLS. THIS EFFORT WILL SUPPORT THE REVIVAL OF THE MANUFACTURING WORKFORCE AND JOB GROWTH IN THE UNITED STATES.
Activities or mission (Part I)
TO SUPPORT THE WELDING INDUSTRY BY OPERATING A TECHNICAL SCHOOL AND BY OFFERING SCHOLARSHIPS AND GRANTS TO INDIVIDUALS SO THAT THEY MAY OBTAIN THE NEEDED EDUCATION TO BEGIN A CAREER IN WELDING.
-
OPERATION OF A TECHNICAL SCHOOL TO TRAIN INDIVIDUALS WHO WANT TO BEGIN A CAREER IN WELDING. THIS INCLUDES THE PROVISION OF STUDENT HOUSING WHILE THEY ATTEND SCHOOL. SUPPORT OF THE WELDING INDUSTRY BY OFFERING SCHOLARSHIPS AND GRANTS TO INDIVIDUALS SO THAT THEY MAY OBTAIN THE NEEDED EDUCATION TO BEGIN A CAREER IN WELDING. DURING 2024, OVER 190 SCHOLARSHIPS WERE PROVIDED.
Expenses $5,264,462 · Grants $156,995 · Revenue $2,046,203
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Tyler SasseTYLER SASSE
PRESIDENT, VP, DIRECTOR
- Total calculated
- $104,392
- From this org
- $90,769
- From related orgs
- $0
- Other
- $13,623
- Hours/week
- 40
-
Dirk AndersonDIRK ANDERSON
TREASURER, DIRECTOR
- Total calculated
- $68,302
- From this org
- $58,794
- From related orgs
- $0
- Other
- $9,508
- Hours/week
- 30
-
Nathan PonderNATHAN PONDER
SECRETARY, DIRECTOR
- Total calculated
- $81,333
- From this org
- $75,468
- From related orgs
- $0
- Other
- $5,865
- 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202533179349303093
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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