2023-11-29T11:03:05-06:00 2023-06-30 910189318 MOSS ADAMS LLP PO BOX 22650 YAKIMA WA 989072650 990 2022-07-01 943188041 PERRY TECHNICAL FOUNDATION PERR 5094530374 2011 W WASHINGTON AVE YAKIMA WA 98903 CHRISTINE COTE PRESIDENT 5094530374 2023-11-28 1 CHRISTINE COTE XXX-XX-XXXX 1 EMINA O CRESSWELL CPA P01217304 5092487750 2023-11-28 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CHRISTINE COTE 2011 W WASHINGTON AVE YAKIMA WA 98903 4095808 0 X WWW.PERRYTECH.EDU X 1993 WA TO RAISE FUNDS TO ASSURE THE LONG TERM STABILITY AND EXISTENCE OF PERRY TECHNICAL INSTITUTE. 15 12 0 144 0 0 1351931 1188867 0 0 415323 426360 152073 228953 1919327 1844180 1166711 1456588 0 0 138002 174667 0 0 249732 139634 112640 1444347 1743895 474980 100285 10038407 10994168 164884 589042 9873523 10405126 THE FOUNDATION EXISTS FOR THE PURPOSE OF RAISING FUNDS TO ASSURE THE LONG TERM STABILITY AND EXISTENCE OF PERRY TECHNICAL INSTITUTE. 0 0 683928 683928 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. 772660 772660 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. 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. 1456588 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 X 15 12 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X CATHY STERBENZ VP OF FINANCE AND ADMIN 5094530374 2011 W WASHINGTON AVE YAKIMA WA 98902 CHRISTINE COTE PRESIDENT 1.00 40.00 X X 0 270706 18395 CATHY STERBENZ TREASURER 1.00 40.00 X X 0 145433 15977 TRESSA SHOCKLEY SECRETARY 40.00 X X 0 79367 16477 LOWELL SAK DIRECTOR (UNTIL 10/22) 1.00 X 0 0 0 STEVE ALTMAYER DIRECTOR 1.00 X 0 0 0 DON CARRELL DIRECTOR 1.00 X 0 0 0 SALLY DOUGLAS DIRECTOR 1.00 X 0 0 0 JON DURAND DIRECTOR 1.00 X 0 0 0 DAVID GONZALES DIRECTOR 1.00 X 0 0 0 DYANN HORTON DIRECTOR 1.00 X 0 0 0 JAKE JUNDT DIRECTOR 1.00 2.00 X 0 0 0 BRIAN KOENIG DIRECTOR 1.00 X 0 0 0 TRENT MARQUIS DIRECTOR 1.00 X 0 0 0 JULIE VALDEZ DIRECTOR 1.00 X 0 0 0 CELINA SANCHEZ DIRECTOR 1.00 X 0 0 0 RYAN HOPKINS DIRECTOR 1.00 X 0 0 0 0 495506 50849 0 0 1 0 0 186072 1002795 46609 1188867 318153 318153 1741549 380717 1736799 277260 4750 103457 108207 108207 465600 237569 228031 228031 LOAN INTEREST & FEES 900099 922 922 922 1844180 922 0 654391 772660 772660 683928 683928 86283 86283 77027 77027 11357 11357 35870 35870 1705 1705 48668 48668 5023 5023 365 365 MISCELLANEOUS EXPENSES 7169 7169 BAD DEBT EXPENSE 6353 6353 STUDENT OUTREACH 3876 3876 DUES AND SUBSCRIPTIONS 3611 3611 1743895 1456588 37575 249732 398869 627692 192500 560000 64029 61377 9052806 9387206 330203 357893 10038407 10994168 4943 8532 112099 59986 47842 520524 164884 589042 X 641430 775839 9232093 9629287 9873523 10405126 10038407 10994168 100285 431318 0 X 0 1 X 1 1 1 X X 1 JM PERRY INSTITUTE OF TRADES INDUSTRIES AND AGRICULTURE 910570848 2 1 772660 0 1 772660 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART IV, SECTION C, LINE 1: PERRY TECHNICAL FOUNDATION IS CONTROLLED BY ITS SUPPORTED ORGANIZATION, PERRY TECHNICAL INSTITUTE, BY HAVING TWO OFFICERS AND ONE TRUSTEE OF PERRY TECHNICAL INSTITUTE ON PERRY TECHNICAL FOUNDATION BOARD OF DIRECTORS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6996882 25000 532187 322378 7231691 7615071 552955 -883118 288026 6996882 6500918 1384271 270118 7615071 6626199 187198 312479 6500918 6488381 25000 407864 295046 6626199 0.00000 0.86000 0.14000 0 0 0 INTERCOMPANY PAYABLES 520524 520524 X PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT CONSISTS OF ELEVEN AND EIGHT INDIVIDUAL FUNDS AT JUNE 30, 2023 AND 2022, RESPECTIVELY. INDIVIDUAL FUNDS ARE ESTABLISHED FOR SCHOLARSHIPS AND EQUIPMENT INCLUDING BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. NET ASSETS ASSOCIATED WITH THESE ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE EXCEPT TO THE EXTENT OF UNRELATED BUSINESS INCOME TAX UNDER SECTIONS 511 THROUGH 515. IN ACCORDANCE WITH REQUIREMENTS RELATED TO ACCOUNTING FOR UNCERTAIN TAX POSITIONS, THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2023 AND 2022. THE FOUNDATION FILE INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTIONS. IN ADDITION, THE FOUNDATION HAVE NO MATERIAL UNRELATED BUSINESS INCOME SUBJECT TO TAX AT JUNE 30, 2023 AND 2022. 465600 228032 9537 1 0.85000 465600 228032 9537 237569 228031 WA 1 0 0 0 1.00000 0.00000 TRESSA SHOCKLEY 2011 W WASHINGTON AVE YAKIMA WA 98903 0 TRESSA SHOCKLEY OVERSEE TICKET SALES AND EVENTS; RECORDKEEPING; FEE REMITTANCE; TICKET STUB RECONCILIATION. X 1 228031 PART III, LINE 16 TRESSA SCHOCKLEY AND CATHY STERBENZ ARE BOTH EMPLOYEES OF PERRY TECHNICAL INSTITUTE. THEIR COMPENSATION AS EMPLOYEES OF PERRY TECHNICAL ARE NOT SPECIFICALLY LINKED TO THEIR ACTIVITIES RELATED TO THE RAFFLE. 1 JM PERRY INSTITUTE OF TRADES INDUSTRIES AND AGRICULTURE 2011 W WASHINGTON AVE YAKIMA WA 98903 910570848 501(C)(3) 772660 0 TO PROVIDE FUNDS FOR EQUIPMENT PURCHASES. 1 0 SCHOLARSHIPS 408 683928 PART I, LINE 2: 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 ON UPON A STUDENT ESSAY, GRADES, ATTENDANCE, FINANCIAL NEED AND REFERENCES. 0 0 0 0 0 0 0 0 0 CHRISTINE COTE PRESIDENT 0 207706 0 63000 0 0 0 9917 0 8478 0 289101 0 0 CATHY STERBENZ TREASURER 0 145433 0 0 0 0 0 7499 0 8478 0 161410 0 0 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. X 1 5200 FAIR MARKET VALUE X 500 41409 FAIR MARKET VALUE 0 0 0 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS IS THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS ONE MEMBER, J.M. PERRY INSTITUTE OF TRADES INDUSTRIES AND AGRICULTURE, WHO RETAINS ALL VOTING RIGHTS. FORM 990, PART VI, SECTION A, LINE 7A J.M. PERRY INSTITUTE OF TRADES INDUSTRIES AND AGRICULTURE, THE SOLE MEMBER OF THE CORPORATION, CAN ELECT NEW BOARD MEMBERS WHEN THE NUMBER OF BOARD MEMBERS INCREASES IN SIZE. FORM 990, PART VI, SECTION B, LINE 11B THE 990 AND SCHEDULE B WAS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES OF J.M. PERRY INSTITUTE OF TRADES INDUSTRIES AND AGRICULTURE WHO OVERSEE THE OPERATIONS OF THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS FOR THE FOUNDATION HAVE A CONFLICT OF INTEREST POLICY THAT IS REVIEWED AND SIGNED BY THE BOARD ANNUALLY. THE BOARD OF TRUSTEES OF J.M. PERRY INSTITUTE OF TRADES INDUSTRIES AND AGRICULTURE OVERSEES THE POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC. JM PERRY INSTITUTE OF TRADES INDUSTRIES AND AGRICULTURE 2011 W WASHINGTON AVE YAKIMA WA 98903 910570848 TRADE SCHOOL OFFERING VOCATIONAL PROGRAMS WA 501(C)(3) LINE 2 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 1 1