Totals
- Total revenue
- $1,844,180
- Total expenses
- $1,743,895
- Contributions and grants received
- $1,188,867
- Grants paid
- $1,456,588
- Program service revenue
- $0
- Investment income
- $426,360
- Other revenue
- $228,953
- Total assets, end of year
- $10,994,168
- Total liabilities, end of year
- $589,042
- Net assets or fund balances, end of year
- $10,405,126
- Program services expenses (Part IX)
- $1,456,588
- Management and general expenses
- $37,575
- Fundraising expenses
- $249,732
- Program service expenses (Part III)
- $1,456,588
Program services were 83.5% 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
$186,072
-
1f · All other contributions, gifts and grants
$1,002,795
-
1g · Noncash contributions included above
$46,609
-
3 · Investment income
total $318,153 · excluded $318,153
-
7a · Gross sales of assets other than inventory
securities $1,741,549 · other assets $380,717
-
7b · Less cost or other basis and sales expenses
securities $1,736,799 · other assets $277,260
-
7c · Gain or loss
securities $4,750 · other assets $103,457
-
7d · Net gain or loss
total $108,207 · excluded $108,207
-
9a · Gaming: gross income
$465,600
-
9b · Gaming: direct expenses
$237,569
-
9c · Net income from gaming
total $228,031 · excluded $228,031
-
11a · Other revenue: LOAN INTEREST & FEES
total $922 · related or exempt $922
-
11e · Other revenue, total
$922
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $772,660 · program services $772,660
-
2 · Grants to domestic individuals
total $683,928 · program services $683,928
-
5 · Compensation of officers, directors and key employees
total $86,283 · fundraising $86,283
-
7 · Other salaries and wages
total $77,027 · fundraising $77,027
-
10 · Payroll taxes
total $11,357 · fundraising $11,357
-
11f · Fees: investment management
total $35,870 · management and general $35,870
-
11g · Fees: other
total $1,705 · management and general $1,705
-
12 · Advertising and promotion
total $48,668 · fundraising $48,668
-
13 · Office expenses
total $5,023 · fundraising $5,023
-
17 · Travel
total $365 · fundraising $365
-
24a · Other expenses: MISCELLANEOUS EXPENSES
total $7,169 · fundraising $7,169
-
24b · Other expenses: BAD DEBT EXPENSE
total $6,353 · fundraising $6,353
-
24c · Other expenses: STUDENT OUTREACH
total $3,876 · fundraising $3,876
-
24d · Other expenses: DUES AND SUBSCRIPTIONS
total $3,611 · fundraising $3,611
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $398,869 · end of year $627,692
-
3 · Pledges and grants receivable
beginning of year $192,500 · end of year $560,000
-
7 · Other notes and loans receivable
beginning of year $64,029 · end of year $61,377
-
11 · Investments: publicly traded securities
beginning of year $9,052,806 · end of year $9,387,206
-
15 · Other assets
beginning of year $330,203 · end of year $357,893
-
17 · Accounts payable and accrued expenses
beginning of year $4,943 · end of year $8,532
-
19 · Deferred revenue
beginning of year $112,099 · end of year $59,986
-
25 · Other liabilities
beginning of year $47,842 · end of year $520,524
-
27 · Net assets without donor restrictions
beginning of year $641,430 · end of year $775,839
-
28 · Net assets with donor restrictions
beginning of year $9,232,093 · end of year $9,629,287
Mission and programs · 2022
Mission
THE FOUNDATION EXISTS FOR THE PURPOSE OF RAISING FUNDS TO ASSURE THE LONG TERM STABILITY AND EXISTENCE OF PERRY TECHNICAL INSTITUTE.
Activities or mission (Part I)
TO RAISE FUNDS TO ASSURE THE LONG TERM STABILITY AND EXISTENCE OF PERRY TECHNICAL INSTITUTE.
-
THE PERRY TECHNICAL FOUNDATION SUPPORTS STUDENTS ATTENDING PERRY TECHNICAL INSTITUTE BY PROVIDING A COMPREHENSIVE SCHOLARSHIP PROGRAM. SCHOLARSHIPS ARE OFFERED TWICE A YEAR TO STUDENTS IN GOOD STANDING WHO HAVE COMPLETED ONE QUARTER. APPLICATIONS ARE REVIEWED BY A COMMITTEE OF INDEPENDENT VOLUNTEERS AND AWARDED BASED UPON A STUDENT ESSAY, GRADES, ATTENDANCE, FINANCIAL NEED AND REFERENCES. THE PERRY TECHNICAL FOUNDATION DISTRIBUTED FUNDS TO 408 STUDENTS IN THE FORM OF SCHOLARSHIPS DURING THE 2022-2023 FISCAL YEAR.
Expenses $683,928 · Grants $683,928
-
THE PERRY TECHNICAL FOUNDATION ASSISTS WITH EDUCATIONAL PROGRAMS AT PERRY TECHNICAL INSTITUTE THROUGH EQUIPMENT PURCHASES AND CAPITAL IMPROVEMENTS. DURING THE 2022-2023 FISCAL YEAR, $772,660 IN EQUIPMENT FUNDS AND OPERATIONAL SUPPORT FUNDS FOR PERRY TECH INSTITUTE WERE DISBURSED. THE EQUIPMENT PURCHASES HELP ENSURE THAT PERRY TECHNICAL INSTITUTE STUDENTS ARE RECEIVING TRAINING ON HIGH QUALITY EQUIPMENT SIMILAR TO WHAT THEY WILL EXPERIENCE IN INDUSTRY.
Expenses $772,660 · Grants $772,660
-
THE PERRY TECHNICAL FOUNDATION SUPPORTS STUDENTS ATTENDING PERRY TECHNICAL INSTITUTE BY OFFERING SMALL LOANS TO STUDENTS. LOAN FUNDS ARE AVAILABLE TO STUDENTS WITH GOOD CREDIT WHO ARE STRUGGLING WITH THE FUNDS NEEDED TO PURCHASE EQUIPMENT OR TOOLS FOR THEIR PROGRAM. LOANS ARE AVAILABLE ON A FIRST COME, FIRST SERVE BASIS TO STUDENTS WHO APPLY AND PASS THE REQUIRED CREDIT CHECK. REPAYMENT BEGINS SIX MONTHS AFTER GRADUATION. DURING THE 2022-2023 FISCAL YEAR $11,241 IN LOAN FUNDS WERE DISTRIBUTED.
As filed on the 2022 return.
Listed in Part VII
-
Christine CoteCHRISTINE COTE
PRESIDENT
- Total calculated
- $289,101
- From this org
- $0
- From related orgs
- $270,706
- Other
- $18,395
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $207,706 related
- Bonus
- $0 + $63,000 related
- Other
- $0
- Deferred
- $0 + $9,917 related
- Nontaxable benefits
- $0 + $8,478 related
- Filer's total
- $0 + $289,101 related
-
Cathy SterbenzCATHY STERBENZ
TREASURER
- Total calculated
- $161,410
- From this org
- $0
- From related orgs
- $145,433
- Other
- $15,977
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $145,433 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $7,499 related
- Nontaxable benefits
- $0 + $8,478 related
- Filer's total
- $0 + $161,410 related
-
Tressa ShockleyTRESSA SHOCKLEY
SECRETARY
- Total calculated
- $95,844
- From this org
- $0
- From related orgs
- $79,367
- Other
- $16,477
- Hours/week
- 40
-
Lowell SakLOWELL SAK
DIRECTOR (UNTIL 10/22)
- Total calculated
- $0
- Hours/week
- 1
-
Steve AltmayerSTEVE ALTMAYER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Don CarrellDON CARRELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sally DouglasSALLY DOUGLAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jon DurandJON DURAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David GonzalesDAVID GONZALES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dyann HortonDYANN HORTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jake JundtJAKE JUNDT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Brian KoenigBRIAN KOENIG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Trent MarquisTRENT MARQUIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Julie ValdezJULIE VALDEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Celina SanchezCELINA SANCHEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ryan HopkinsRYAN HOPKINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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
The filer's explanations (Part III)
- PART I, LINE 3
- CHRISTINE COTE IS THE PRESIDENT AND CATHY STERBENZ IS THE VP OF FINANCE AND ADMINISTRATION OF THE J.M. PERRY INSTITUTE OF TRADES INDUSTRIES AND AGRICULTURE, WHICH IS A RELATED ORGANIZATION TO PERRY TECHNICAL FOUNDATION. THE J.M. PERRY INSTITUTE OF TRADES INDUSTRIES AND AGRICULTURE BOARD DETERMINES AND APPROVES THE SALARY FOR THE FOUNDATION'S EXECUTIVE DIRECTOR.
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
-
TO PROVIDE FUNDS FOR EQUIPMENT PURCHASES.
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.
-
JM PERRY INSTITUTE OF TRADES INDUSTRIES AND AGRICULTURE
501(C)(3) · TRADE SCHOOL OFFERING VOCATIONAL PROGRAMS · WA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 28 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303339349300115
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