Skip to content
Nonprofiteer
← PERRY TECHNICAL FOUNDATION

Form 990 for tax year 2024

Filed by PERRY TECHNICAL FOUNDATION.

Totals

Total revenue
$4,023,354
Total expenses
$1,231,387
Contributions and grants received
$3,457,629
Grants paid
$916,303
Program service revenue
$0
Investment income
$565,345
Other revenue
$380
Total assets, end of year
$14,965,011
Total liabilities, end of year
$120,618
Net assets or fund balances, end of year
$14,844,393
Program services expenses (Part IX)
$916,303
Management and general expenses
$44,823
Fundraising expenses
$270,261
Program service expenses (Part III)
$916,303

Program services were 74.4% 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

    $229,798

  • 1f · All other contributions, gifts and grants

    $3,227,831

  • 3 · Investment income

    total $473,099 · excluded $473,099

  • 7a · Gross sales of assets other than inventory

    securities $1,558,658 · other assets $438,545

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

    securities $1,544,621 · other assets $360,336

  • 7c · Gain or loss

    securities $14,037 · other assets $78,209

  • 7d · Net gain or loss

    total $92,246 · excluded $92,246

  • 11a · Other revenue: LOAN INTEREST & FEES

    total $380 · related or exempt $380

  • 11e · Other revenue, total

    $380

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $154,094 · program services $154,094

  • 2 · Grants to domestic individuals

    total $762,209 · program services $762,209

  • 5 · Compensation of officers, directors and key employees

    total $118,088 · fundraising $118,088

  • 7 · Other salaries and wages

    total $64,927 · fundraising $64,927

  • 8 · Pension plan contributions

    total $2,867 · fundraising $2,867

  • 9 · Other employee benefits

    total $7,533 · fundraising $7,533

  • 10 · Payroll taxes

    total $13,697 · fundraising $13,697

  • 11f · Fees: investment management

    total $42,214 · management and general $42,214

  • 11g · Fees: other

    total $2,609 · management and general $2,609

  • 12 · Advertising and promotion

    total $9,907 · fundraising $9,907

  • 13 · Office expenses

    total $4,257 · fundraising $4,257

  • 17 · Travel

    total $506 · fundraising $506

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $30,867 · fundraising $30,867

  • 24b · Other expenses: STUDENT SERVICES

    total $9,162 · fundraising $9,162

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $4,256 · fundraising $4,256

  • 24d · Other expenses: TRAINING

    total $4,194 · fundraising $4,194

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $618,584 · end of year $3,285,142

  • 3 · Pledges and grants receivable

    beginning of year $132,500 · end of year $202,500

  • 7 · Other notes and loans receivable

    beginning of year $36,684 · end of year $709

  • 11 · Investments: publicly traded securities

    beginning of year $10,202,365 · end of year $11,126,656

  • 15 · Other assets

    beginning of year $412,632 · end of year $350,004

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,042 · end of year $11,717

  • 19 · Deferred revenue

    beginning of year $36,833 · end of year $42,509

  • 25 · Other liabilities

    beginning of year $93,958 · end of year $66,392

  • 27 · Net assets without donor restrictions

    beginning of year $878,569 · end of year $821,981

  • 28 · Net assets with donor restrictions

    beginning of year $10,381,363 · end of year $14,022,412

Mission and programs · 2024

Mission

THE FOUNDATION EXISTS FOR THE PURPOSE OF RAISING FUNDS TO AID IN THE LONG TERM STABILITY AND EXISTENCE OF PERRY TECHNICAL INSTITUTE.

Activities or mission (Part I)

TO RAISE FUNDS TO AID IN 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 AT LEAST 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 472 STUDENTS IN THE FORM OF SCHOLARSHIPS DURING THE 2024-2025 FISCAL YEAR.

    Expenses $762,209 · Grants $762,209

  • THE PERRY TECHNICAL FOUNDATION ASSISTS WITH EDUCATIONAL PROGRAMS AT PERRY TECHNICAL INSTITUTE THROUGH EQUIPMENT PURCHASES AND CAPITAL IMPROVEMENTS. DURING THE 2024-2025 FISCAL YEAR, $154,094 IN EQUIPMENT FUNDS FOR PERRY TECHNICAL INSTITUTE WERE DISBURSED. THE EQUIPMENT PURCHASES HELP AID PERRY TECHNICAL INSTITUTE WITH TRAINING ON QUALITY EQUIPMENT SIMILAR TO WHAT THEY WILL EXPERIENCE IN INDUSTRY.

    Expenses $154,094 · Grants $154,094

  • 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 2024-2025 FISCAL YEAR $2,442 IN LOAN FUNDS WERE DISTRIBUTED.

As filed on the 2024 return.

Listed in Part VII

  • Cathy Sterbenz

    TREASURER

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

    Schedule J breakdown matched by us

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

  • Christine Cote

    FORMER PRESIDENT (THRU 06/24)

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

    Schedule J breakdown matched by us

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

  • Jason Lamiquiz

    PRESIDENT

    Total calculated
    $150,689
    From this org
    $0
    From related orgs
    $128,954
    Other
    $21,735
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

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

  • Tressa Shockley

    SECRETARY

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

  • Don Carrell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jon Durand

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ryan Hopkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dyann Horton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jake Jundt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Brian Koenig

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Trent Marquis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amy Martinez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Celina Sanchez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jay Thompson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Elofson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Gonzales

    DIRECTOR (THRU 11/24)

    Total calculated
    $0
    Hours/week
    1

  • Julie Valdez

    DIRECTOR (THRU 03/25)

    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
JASON LAMIQUIZ IS THE PRESIDENT AND CATHY STERBENZ IN 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 PRESIDENT OF PERRY TECHNICAL INSTITUTE 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

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
2024
Filed
28 January 2026
IRS schema version
2024v5.5
Source object
202620299349300847

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.