2016-11-22T11:32:11-06:00 2016-06-30 910856953 Alegria & Company PS 601 N 39th Avenue Yakima WA 98902 990 2015-07-01 910570848 JM PERRY INSTITUTE OF TRADES INDUSTRIES AND AGRICULTURE JMPE 5094530374 2011 W WASHINGTON AVE YAKIMA WA 98903 CHRISTINE COTE PRESIDENT 5094350374 2016-11-08 1 Barry Warner P00008578 5095751065 2016-11-08 2015 2017-02-10 21:41:12Z CHRISTINE COTE 2011 W WASHINGTON AVE YAKIMA WA 98903 15766243 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 3 204 138 0 0 133438 223646 10631191 11477513 284122 -14246 169941 123767 11218692 11810680 0 0 0 0 7112597 8057153 0 0 0 3847204 4362940 10959801 12420093 258891 -609413 38643467 39701372 9508582 9006828 29134885 30694544 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 8373404 11144911 For 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 84% 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 89% and a placement rate of 95%. Currently, the program is full until 2017. 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 88% retention rate and a 100% placement rate. Currently, the program is full until mid-2017. Finally, Plath Hall allowed for the addition of two new programs. The agriculture equipment technician program started in late June 2016 and Construction Technology is scheduled to begin in October 2016. Perry Technical Institute's Instrumentation & Industrial Automation Technology Program has developed a reputation as one of the nation's premier programs for training instrumentation technicians. The two-year program introduces students to today's world of computerized industrial automation. Instrumentation technicians can use their skills anywhere in the world, in industries such as manufacturing, pharmaceuticals, refining, power generation, packaging, food processing, and pulp and paper production. The program has a high retention rate of 90%, a high placement rate of 94%, and graduates land high-paying jobs. Currently, the program is full until March 2016. 8373404 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 79 0 1 204 1 0 0 0 0 0 1 1 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 The Organization 5094530374 2011 WEST WASHINGTON AVE YAKIMA WA 98903 TERRY SCHMALZ TRUSTEE 2.00 X 0 0 0 CUYLER LIGHTHALL EMERITUS TRUSTEE 0.00 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 173789 0 22732 TRACY STOFFER SENIOR DIRECTOR OF FINANCE 40.00 X 110670 0 13956 NATHAN HULL DEAN OF EDUCATION 40.00 X 102490 0 12827 386949 0 49515 3 0 1 0 TRI PLY CONSTRUCTION 2011 W WASHINGTON AVENUE YAKIMA WA 98903 CONSTRUCTION WORK 2230866 1 223646 223646 223646 TUITION 611519 11226147 11226147 WORK ORDERS 611519 237602 237602 CONT. EDUCATION & OTHER 611519 13764 13764 11477513 380574 380574 34497 46249 -11752 -11752 -11752 3343341 19071 3757232 0 -413891 19071 -394820 -394820 214300 152082 62218 62218 MISCELLANEOUS REVENUE 611519 39587 39587 ADMINSTRATION FEES 611519 33714 33714 73301 11810680 11144911 0 442123 335156 335156 5800249 4616438 1183811 318407 250155 68252 1050755 826211 224544 552586 433244 119342 4869 4869 91028 19435 71593 127189 96393 30796 117337 87434 29903 157208 99957 57251 108343 76323 32020 246142 246142 1058744 281986 776758 BUILDING COSTS 518718 7356 511362 SUPPLIES 486425 315099 171326 SOFTWARE 242450 58605 183845 WORK ORDER EXPENSE 224692 224692 979795 733934 245861 12420093 8373404 4046689 0 2834857 2319391 1237633 1438548 903641 1176423 69112 71568 255169 259666 30939871 11487584 12495984 19452287 15063952 14327668 5783119 655821 38643467 39701372 1223929 851396 5196612 4911925 3088041 3243507 9508582 9006828 X 29105956 30665486 28929 29058 29134885 30694544 38643467 39701372 X -609413 -103900 6395 -250000 2516577 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6412430 126488 258187 20527 6260204 6788881 -26390 305385 44676 6412430 6373751 760330 332622 12578 6788881 6112481 527446 246187 19989 6373751 6308742 521 107743 253407 51118 6112481 0.90170 0.09830 0 1 1 92057 92057 26886305 8493046 18393259 3862459 2951617 910842 99050 42921 56129 19452287 UNEARNED TUITION 3049618 DEFERRED COMPENSATION 193889 3243507 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, 2016 and 2015, 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 173789 0 0 0 0 0 0 0 22732 0 196521 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 INFORMATIONAL TECHNOLOGY EQUIPMENT 3 87375 FAIR MARKET VALUE X INDUSTRIAL EQUIPMENT 3 39600 FAIR MARKET VALUE X AUTOMOTIVE EQUIPMENT 11 28857 FAIR MARKET VALUE X HVAC EQUIPMENT 6 28750 FAIR MARKET VALUE X ELECTRICAL EQUIPMENT 6 19110 FAIR MARKET VALUE X AGRICULTURAL EQUIPMENT 5 13720 FAIR MARKET VALUE X MEDICAL EQUIPMENT 1 3784 FAIR MARKET VALUE X MACHINARY EQUIPMENT 1 1600 FAIR MARKET VALUE X CONSTRUCTION EQUIPMENT 1 850 FAIR MARKET VALUE 0 1 0 Form 990, Part VI, Section B, line 11 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. The president 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) 2,516,577. 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