2018-02-01T16:03:34-06:00 2017-06-30 910856953 Alegria & Company PS 601 N 39th Avenue Yakima WA 98902 990 2016-07-01 910570848 JM PERRY INSTITUTE OF TRADES INDUSTRIES AND AGRICULTURE JMPE 5094530374 2011 W WASHINGTON AVE YAKIMA WA 98903 CHRISTINE COTE PRESIDENT 5094350374 2018-01-29 1 Barry Warner P00008578 5095751065 2018-01-26 68.116.9.243 2018-01-29 11:13:23 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 6B2F8986880BA331E91BBDB63F2EB48D154425CB 2016 2021-01-29 14:40:06Z CHRISTINE COTE 2011 W WASHINGTON AVE YAKIMA WA 98903 18957294 0 X WWW.PERRYTECH.EDU X 1939 WA THE PRIMARY PURPOSE OF THE HARRIET I. PERRY TRUST IS TO PROVIDE FUNDS FOR THE OPERATION OF PERRY TECHNICAL INSTITUTE - A NON-PROFIT VOCATIONAL SCHOOL. 3 3 215 223 0 0 223646 152906 11477513 12411936 -14246 657544 123767 143522 11810680 13365908 0 0 0 0 8057153 8409380 0 0 0 4362940 4233554 12420093 12642934 -609413 722974 40159782 42099281 9006828 8347979 31152954 33751302 X TO PROVIDE INDUSTRY WITH WELL-TRAINED PEOPLE WHO ARE MOTIVATED TO WORK AS TEAM MEMBERS TO MEET THE NEEDS OF INDUSTRY IN OUR RAPIDLY EVOLVING TECHNOLOGICAL WORLD. 0 0 8472314 12793650 For more than 75 years, Perry Technical Institute has been putting people of all ages and walks of life to work in careers that provide family-supportable wages, benefits, and chances for advancement. The school serves the needs of a variety of industries by equipping students with strong technical skills and positive work habits. Faculty members with extensive experience in industry provide specialized classroom instruction and hands-on lab and shop experiences. Over 700 students are enrolled in Perry's 12 training programs. The school's retention rate is 85% and the placement rate is 90%. In 2016, Perry completed the reaccreditation process, resulting in full accreditation with no findings. Perry Technical Institute completed a major expansion project during the 2015-2016 year. Plath Hall opened in December 2015 to house the instrumentation and industrial automation technology program. The facility brings a state of the art learning atmosphere to the more than 170 students in the program. Instrumentation is a two-year program that introduces students to today's world of computerized industrial automation. The program has a retention rate of 83% and a placement rate of 95%. The addition of Plath Hall also allowed for the expansion of the electrical program. The program has gained 5,000 square feet of lab space to allow for new and enhanced training equipment for the 170 students in the program. Electrical Technology is a two-year program that trains students to install, connect, test, and maintain electrical systems in industrial, commercial, and residential settings. The program has an 83% retention rate and a 100% placement rate. Finally, Plath Hall allowed for the addition of two new programs. The agriculture equipment technician program started in June 2016 and Construction Technology started in October 2016. Perry Technical Institute helps ensure students' success and addresses the needs of employers through the career services department. The career services team helps students and alumni conduct effective job searches, build strong resumes and cover letters, and develop positive interviewing skills. Career services works with employers to develop rescruitment strategies, hosts employer expos, and schedules on-site interviews. 8472314 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 82 0 1 215 1 0 0 0 0 0 1 1 0 0 0 1 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WA X CATHY STERBENZ DIRECTOR OF FINANCE 5094530374 2011 WEST WASHINGTON AVE YAKIMA WA 98903 TERRY SCHMALZ TRUSTEE 2.00 X 0 0 0 CURTIS KING TRUSTEE 2.00 X 0 0 0 JAKE JUNDT TRUSTEE 2.00 X 0 0 0 CHRISTINE COTE PRESIDENT 40.00 X 177641 0 21561 TRACY STOFFER DIRECTOR OF FINANCE, until 09/2016 40.00 X 88971 0 10153 cathy sterbenz director of finance, since 12/2016 40.00 X 6008 0 0 NATHAN HULL DEAN OF EDUCATION 40.00 X 105431 0 14219 378051 0 45933 2 0 1 0 TRI-PLY CONSTRUCTION LLC 106 W PINE ST YAKIMA WA 98902 CONSTRUCTION SERVICES 432993 A BOOK COMPANY LLC 28312 NETWORK PLACE CHICAGO IL 60673 E-STORE SERVICES 158961 ALEGRIA & COMPANY PS 601 N 39TH AVE YAKIMA WA 98902 accounting services 120115 3 152906 152906 152906 TUITION 611519 12149855 12149855 WORK ORDERS 611519 235090 235090 CONT. EDUCATION & OTHER 611519 26991 26991 12411936 375133 375133 31622 47713 -16091 -16091 -16091 5650865 12635 5381089 0 269776 12635 282411 282411 261887 162584 99303 99303 MISCELLANEOUS REVENUE 611519 60310 60310 60310 13365908 12793650 0 419352 313208 313208 6148153 4891213 1256940 295871 244549 51322 1047019 805029 241990 605129 427454 177675 2716 2716 102419 3874 98545 80327 22285 58042 129540 43007 86533 122888 89386 33502 38953 15855 23098 228240 228240 1121852 292577 829275 SUPPLIES 621974 566688 55286 BUILDING COSTS 568442 395787 172655 SOFTWARE 239550 51088 188462 BANK CHARGES/FINANACIAL 225233 41397 183836 751420 582125 169295 12642934 8472314 4170620 0 2319390 3658022 1474555 2235100 1176423 1143674 71568 64123 259666 265961 31489085 12640192 19452287 18848893 14327668 15325440 1078225 558068 40159782 42099281 851396 642074 4911925 4410408 3243507 3295497 9006828 8347979 X 30665486 33267226 487468 484076 31152954 33751302 40159782 42099281 X 722974 1178466 2133 694775 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6260204 588964 309823 22956 6516389 6412430 126488 258187 20527 6260204 6788881 -26390 305385 44676 6412430 6373751 760330 332622 12578 6788881 6112481 527446 246187 19989 6373751 0.86630 0.13370 0 1 1 92057 92057 27104358 9348999 17755359 4103971 3243320 860651 188699 47873 140826 18848893 UNEARNED TUITION 3127501 DEFERRED COMPENSATION 167996 3295497 X Part V, Line 4: ENDOWMENT FUNDS RAISE FUNDS FOR SCHOLARSHIPS TO PERRY TECHNICAL INSTITUTE STUDENTS AND TO ASSURE THE LONG TERM STABILITY AND EXISTENCE OF PERRY TECHNICAL INSTITUTE. Part X, Line 2: Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Trust and Foundation, and recognize a tax liability (or asset) if the Trust and Foundation have taken an uncertain position that more likely than not would not be sustained upon examination by taxing authorities. Management has analyzed the tax positions taken by the Trust and Foundation, and has concluded that as of June 30, 2017 and 2016, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Trust and Foundation are subject to audits by taxing authorities; however, there are currently no audits for any periods in progress. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 ALL STUDENT SOLICITATION CONTAINS THE NON-DISCRIMINATORY POLICY OF THE INSTITUTE. NEWSPAPER MEDIA IS USED EACH YEAR. Schedule E, Part I, Line 6 ORGANIZATION RECEIVES FEDERAL STUDENT FINANCIAL AID FOR THE DIRECT BENEFIT OF QUALIFIED STUDENTS. X 0 0 0 0 0 0 0 0 0 CHRISTINE COTE PRESIDENT 177641 0 0 0 0 0 0 0 21561 0 199202 0 0 0 A Washington State Housing Finance Commission 911874730 2007-10-26 5000000 For construction of an educational facility 0 0 0 A 4265549 4265549 2009 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 FORM 990, SCHEDULE K, PART II, LINE 3 THE AMOUNT LISTED ON PART II, LINE 3, TOTAL PROCEEDS OF ISSUE IS DIFFERENT FROM PART I, COLUMN E, ISSUE PRICE DUE TO $734,451 OF PRINCIPAL PAYMENTS MADE ON THE BOND. X ELECTRICAL EQUIPMENT 5 48300 FAIR MARKET VALUE X HVAC EQUIPMENT 9 43300 FAIR MARKET VALUE X ITCS equipment 2 36375 FAIR MARKET VALUE X AUTOMOTIVE EQUIPMENT 6 12181 FAIR MARKET VALUE X MACHINE equipment 1 7300 FAIR MARKET VALUE X AGRICULTURAL EQUIPMENT 3 5450 FAIR MARKET VALUE 0 1 0 Form 990, Part VI, Section B, line 11b A copy of the Form 990 was provided to the organization's governing body for review at a trustee meeting before the Form was filed. Form 990, Part VI, Section B, line 12c The organization's conflict of interest policy is reviewed and updated annually. Management usually goes through the policy with each office staff member and department heads to communicate its importance and address any issues that may arise. Form 990, Part VI, Section B, line 15 The organization uses the Washington State and Federal wage databases, as well as the public information on wages from state colleges, to determine appropriate wage levels for all employees except the President. The trustees of the organization determine the compensation for the President. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part XI, line 9: TRANSFERS FROM PERRY TECHNICAL FOUNDATION (NET) 694,775. FORM 990, PART XII, LINE 2C. THE ORGANIZATION MADE NO CHANGES TO THE OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE YEAR. PERRY TECHNICAL FOUNDATION 2011 W WASHINGTON YAKIMA WA 98903 943188041 TO RAISE FUNDS TO GIVE SCHOLARSHIPS TO PERRY TECHNICAL INSTITUTE STUDENTS WA 501(c)(3) 509(a)(3) JM Perry Institute of Trades Industries and Agriculture 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 1