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Nonprofiteer
← SAN DIEGO ELECTRICAL TRAINING TRUST

Form 990 for tax year 2023

Filed by SAN DIEGO ELECTRICAL TRAINING TRUST.

Totals

Total revenue
$6,090,271
Total expenses
$4,488,272
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,811,954
Investment income
$201,609
Other revenue
$2,076,708
Total assets, end of year
$11,709,664
Total liabilities, end of year
$49,932
Net assets or fund balances, end of year
$11,659,732
Program services expenses (Part IX)
$3,682,614
Management and general expenses
$805,658
Fundraising expenses
$0
Program service expenses (Part III)
$3,682,614

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.

  • 2a · Program service revenue: EMPLOYER CONTRIBUTIONS

    total $3,811,954 · related or exempt $3,811,954 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $170,268 · related or exempt $0 · unrelated business $0 · excluded $170,268

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $80,092

  • 6c · Rental income or loss

    real property $80,092 · personal property $0

  • 6d · Net rental income or loss

    total $80,092 · related or exempt $0 · unrelated business $0 · excluded $80,092

  • 7a · Gross sales of assets other than inventory

    securities $886,186

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

    securities $854,845

  • 7c · Gain or loss

    securities $31,341

  • 7d · Net gain or loss

    total $31,341 · related or exempt $0 · unrelated business $0 · excluded $31,341

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: SALE OF TEXTBOOKS

    total $173,142

  • 11b · Other revenue: TRAINING FEES

    total $502,966

  • 11c · Other revenue: STATE FUNDING & GRANT INCOME

    total $1,320,508

  • 11e · Other revenue, total

    $1,996,616

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $26,490 · program services $21,192 · management and general $5,298 · fundraising $0

  • 11c · Fees: accounting

    total $12,300 · program services $0 · management and general $12,300 · fundraising $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $14,448 · program services $0 · management and general $14,448 · fundraising $0

  • 11g · Fees: other

    total $56,609 · program services $56,609 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $112,069 · program services $89,655 · management and general $22,414 · fundraising $0

  • 14 · Information technology

    total $58,370 · program services $46,696 · management and general $11,674 · fundraising $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: ADMIN FEES SDETASC

    total $3,430,000 · program services $2,744,000 · management and general $686,000 · fundraising $0

  • 24b · Other expenses: BOOKS

    total $239,924 · program services $239,924 · management and general $0 · fundraising $0

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $103,340 · program services $82,672 · management and general $20,668 · fundraising $0

  • 24d · Other expenses: SCHOOL OPERATIONS

    total $270,441 · program services $270,441 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $164,281 · program services $131,425 · management and general $32,856 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,748,976 · end of year $286,789

  • 2 · Savings and temporary cash investments

    beginning of year $529,240 · end of year $4,204,556

  • 3 · Pledges and grants receivable

    beginning of year $768,441 · end of year $683,981

  • 4 · Accounts receivable

    beginning of year $322,187 · end of year $329,418

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $78,639 · end of year $36,458

  • 9 · Prepaid expenses and deferred charges

    beginning of year $341 · end of year $341

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

    $6,523,918

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

    $4,788,124

  • 10c · Land, buildings and equipment, net

    beginning of year $1,769,705 · end of year $1,735,794

  • 11 · Investments: publicly traded securities

    beginning of year $1,599,818 · end of year $4,432,327

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $94,785 · end of year $49,932

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $9,722,562 · end of year $11,659,732

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

TO PROVIDE EDUCATION AND TRAINING TO ELECTRICAL, SOUND AND TELECOMMUNICATION APPRENTICES AND JOURNEYMEN FROM IBEW LOCAL 569.

  • TO PROVIDE EDUCATION AND TRAINING TO ELECTRICAL, SOUND AND TELECOMMUNICATION APPRENTICES AND JOURNEYMEN FROM IBEW LOCAL 569.

    Expenses $3,682,614

As filed on the 2023 return.

Listed in Part VII

  • kevin johnson

    CFO/DIRECTOR OF TRAINING

    Total calculated
    $187,820
    From this org
    $0
    From related orgs
    $154,823
    Other
    $32,997
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $154,823 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $16,178 related
    Nontaxable benefits
    $0 + $16,819 related
    Filer's total
    $0 + $187,820 related

  • James Stark

    ASST. TRAINING DIRECTOR

    Total calculated
    $182,479
    From this org
    $0
    From related orgs
    $149,482
    Other
    $32,997
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $149,482 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $16,178 related
    Nontaxable benefits
    $0 + $16,819 related
    Filer's total
    $0 + $182,479 related

  • John Campbell

    SOUND COORDINATOR

    Total calculated
    $167,589
    From this org
    $0
    From related orgs
    $134,592
    Other
    $32,997
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $134,592 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $16,178 related
    Nontaxable benefits
    $0 + $16,819 related
    Filer's total
    $0 + $167,589 related

  • Marcus McGhee

    OUTREACH COORDINATOR

    Total calculated
    $167,089
    From this org
    $0
    From related orgs
    $134,092
    Other
    $32,997
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $134,092 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $16,178 related
    Nontaxable benefits
    $0 + $16,819 related
    Filer's total
    $0 + $167,089 related

  • Richard Gonzales

    TRAINING COORDINATOR

    Total calculated
    $167,089
    From this org
    $0
    From related orgs
    $134,092
    Other
    $32,997
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $134,092 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $16,178 related
    Nontaxable benefits
    $0 + $16,819 related
    Filer's total
    $0 + $167,089 related

  • Craig Earley

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • jeremy abrams

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Andrew Berg

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Joel Basore

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • David Johnson

    trustee

    Total calculated
    $0
    Hours/week
    2

  • Jennifer Wilson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • brian hudak

    trustee

    Total calculated
    $0
    Hours/week
    2

  • William Rueckert

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Earl Restine III

    ADVISOR

    Total calculated
    $0
    Hours/week
    2

  • Jeffrey Kelton

    ADVISOR

    Total calculated
    $0
    Hours/week
    2

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

None.

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

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
12 November 2024
IRS schema version
2023v5.1
Source object
202413189349312221

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