2025-01-16T09:49:28-06:00 2024-06-30 910189318 MOSS ADAMS LLP PO BOX 22650 YAKIMA WA 989072650 990 2023-07-01 943188041 PERRY TECHNICAL FOUNDATION PERR 5094530374 2011 W WASHINGTON AVE YAKIMA WA 98903 JASON LAMIQUIZ PRESIDENT 5094530374 2025-01-15 1 0 EMINA O CRESSWELL CPA P01217304 5092487750 2025-01-15 2023 2024-10-15 13:58:12Z JASON LAMIQUIZ 2011 W WASHINGTON AVE YAKIMA WA 98903 3542881 0 X WWW.PERRYTECH.EDU X 1993 WA TO RAISE FUNDS TO ASSURE THE LONG TERM STABILITY AND EXISTENCE OF PERRY TECHNICAL INSTITUTE. 14 11 0 208 0 0 1188867 536873 0 0 426360 486097 228953 179632 1844180 1202602 1456588 840615 0 0 174667 163762 0 0 246236 112640 124760 1743895 1129137 100285 73465 10994168 11402765 589042 142833 10405126 11259932 THE FOUNDATION EXISTS FOR THE PURPOSE OF RAISING FUNDS TO ASSURE THE LONG TERM STABILITY AND EXISTENCE OF PERRY TECHNICAL INSTITUTE. 0 0 707404 707404 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 404 STUDENTS IN THE FORM OF SCHOLARSHIPS DURING THE 2023-2024 FISCAL YEAR. 133211 133211 THE PERRY TECHNICAL FOUNDATION ASSISTS WITH EDUCATIONAL PROGRAMS AT PERRY TECHNICAL INSTITUTE THROUGH EQUIPMENT PURCHASES AND CAPITAL IMPROVEMENTS. DURING THE 2023-2024 FISCAL YEAR, $133,211 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 2023-2024 FISCAL YEAR $3,612 IN LOAN FUNDS WERE DISTRIBUTED. 840615 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 0 0 0 0 0 1 0 0 0 1 2 2 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 X 14 11 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 (THRU 06/2024) 1.00 40.00 X X 0 349590 20694 CATHY STERBENZ TREASURER 1.00 40.00 X X 0 152365 15592 TRESSA SHOCKLEY SECRETARY 40.00 0.00 X X 0 84279 16189 DON CARRELL DIRECTOR 1.00 0.00 X 0 0 0 JON DURAND DIRECTOR 1.00 0.00 X 0 0 0 DAVID GONZALES DIRECTOR 1.00 0.00 X 0 0 0 RYAN HOPKINS DIRECTOR 1.00 0.00 X 0 0 0 DYANN HORTON DIRECTOR 1.00 0.00 X 0 0 0 JAKE JUNDT DIRECTOR 1.00 2.00 X 0 0 0 BRIAN KOENIG DIRECTOR 1.00 0.00 X 0 0 0 TRENT MARQUIS DIRECTOR 1.00 0.00 X 0 0 0 CELINA SANCHEZ DIRECTOR 1.00 0.00 X 0 0 0 JULIE VALDEZ DIRECTOR 1.00 0.00 X 0 0 0 STEVE ALTMAYER DIRECTOR (THRU 04/2024) 1.00 0.00 X 0 0 0 0 586234 52475 0 0 1 0 0 177616 359257 536873 341968 341968 1862813 431503 1844212 305975 18601 125528 144129 144129 369200 190092 179108 179108 LOAN INTEREST & FEES 900099 524 524 524 1202602 524 0 665205 133211 133211 707404 707404 100469 100469 53000 53000 10293 10293 38668 38668 3618 3618 32354 32354 1857 1857 BAD DEBT EXPENSE 21562 21562 STUDENT SERVICES 19113 19113 DUES AND SUBSCRIPTIONS 7409 7409 MISCELLANEOUS EXPENSES 179 179 1129137 840615 42286 246236 627692 618584 560000 132500 61377 36684 9387206 10202365 357893 412632 10994168 11402765 8532 12042 59986 36833 520524 93958 589042 142833 X 775839 878569 9629287 10381363 10405126 11259932 10994168 11402765 73465 781341 0 X 0 1 X 1 1 1 X X 1 JM PERRY INSTITUTE OF TRADES INDUSTRIES AND AGRICULTURE 910570848 2 1 133211 0 1 133211 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 TECHINICAL FOUNDATION BOARD OF DIRECTORS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7231691 25000 802828 299511 7760008 6996882 25000 532187 322378 7231691 7615071 552955 -883118 288026 6996882 6500918 1384271 270118 7615071 6626199 187198 312479 6500918 0.00000 0.81000 0.19000 0 0 0 INTERCOMPANY PAYABLES 93958 93958 X PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT CONSISTS OF ELEVEN AND ELEVEN INDIVIDUAL FUNDS AT JUNE 30, 2024 AND 2023, 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, 2024 AND 2023. THE FOUNDATION FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTIONS. IN ADDITION, THE FOUNDATION HAS NO MATERIAL UNRELATED BUSINESS INCOME SUBJECT TO TAX AT JUNE 30, 2024 AND 2023. 369200 179251 10841 1 0.85000 369200 179251 10841 190092 179108 WA 1 0 0 0 1.00000 TRESSA SHOCKLEY 2011 W WASHINGTON AVE YAKIMA WA 98903 0 TRESSA SHOCKLEY 0 OVERSEE TICKET SALES AND EVENTS; RECORDKEEPING; FEE REMITTANCE; TICKET STUB RECONCILIATION. X 1 179108 PART III, LINE 16 TRESSA SCHOCKLEY AND CATHY STERBENZ ARE BOTH EMPLOYEES OF PERRY TECHNICAL INSTITUTE. THERE COMPENSATION AS EMPLOYEES OF PERRY TECHINICAL INSTITUTE IS 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) 133211 0 TO PROVIDE FUNDS FOR EQUIPMENT PURCHASES. 1 0 SCHOLARSHIPS 404 707404 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 (THRU 06/2024) 0 283590 0 66000 0 0 0 12258 0 8436 0 370284 0 0 CATHY STERBENZ TREASURER 0 152365 0 0 0 0 0 7156 0 8436 0 167957 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. 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 CONFLICT OF INTEREST POLICY IS COMMUNICATED THROUGH THE EMPLOYEE HANDBOOK ON AN ANNUAL BASIS. MANAGEMENT GOES THROUGH THE POLICY WITH STAFF AND DEPARTMENT HEADS ANNUALLY WHEN THE HANDBOOK IS UPDATED. THE BOARD OF DIRECTORS FOR THE FOUNDATION ALSO HAS A CONFLICT OF INTEREST POLICY AND IS UPDATED ANNUALLY. 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