2024-01-15T20:29:05-06:00 2022-02-28 330700332 VASQUEZ COMPANY LLP 655 N CENTRAL AVE STE 1550 GLENDALE CA 91203 990 2021-03-01 952540850 LOS ANGELES CHAPTER NATIONAL TOOLING & MACHINING ASSOCIATION TRAINING CTR TRUST LOSA 5654044295 12131 TELEGRAPH ROAD 2ND FLOOR SANTA FE SPRINGS CA 90670 JONATHAN DOCHTERMAN CHAIRMAN 5654044295 2024-01-15 1 JONATHAN DOCHTERMAN 999009999 REGINA L PRINCE CPA P00576936 2138731700 0 AAL1 IAL1 2021 2023-04-26 12:10:37Z NTMA TRAINING CENTERS OF SOUTHERN CALIFORNIA JONATHAN DOCHTERMAN 12131 TELEGRAPH ROAD 2ND FLOOR SANTA FE SPRINGS CA 90670 5418208 0 X NTMAMCC.ORG X 1951 CA TO ESTABLISH, MAINTAIN, AND OPERATE A TRAINING CENTER FOR THE INSTRUCTION AND TRAINING OF APPRENTICES AND WORKERS IN THE TOOLS DIE AND PRECISION MACHINING INDUSTRY. 3 3 38 3 0 0 1212578 1934564 2327250 3482909 8200 735 18108 0 3566136 5418208 0 1452677 0 0 2330657 2121623 0 0 0 1830180 1560418 4160837 5134718 -594701 283490 10120832 9816067 4121389 3533134 5999443 6282933 X LA/NTMA IS FORMED TO RECEIVE CONTRIBUTION IN CASH OR IN-KIND FROM LA/NTMA, ITS MEMBERS, AND ANY OTHER RESOURCES AND TO USE SUCH PROPERTY TO ESTABLISH, MAINTAIN AND OPERATE TRAINING CENTER FOR THE INSTRUCTION AND TRAINING OF APPRENTICES AND WORKERS IN THE USE OF MACHINERY AND EQUIPMENT CONNECTED WITH TOOL, DIE AND PRECISION MACHINING INDUSTRY, PURSUANT TO A TRAINING PROGRAM SPONSORED AND FUNDED IN PART BY THE DEPARTMENT OF HEALTH, EDUCATION AND WELFARE OF THE UNITED STATES GOVERNMENT THROUGH THE NATIONAL TOOLING AND MACHINING ASSOCIATION. THE TRANING CENTER SHALL HAVE REGULAR INSTRUCTORS AND A REGULARLY ENROLLED BODY OF STUDENTS IN ATTENDANCE AT THE TRAINING CENTER. 0 0 4066076 1452677 3482909 LA/NTMA TRAINING CENTER PROVIDED HANDS-ON, INDUSTRY STANDARD, AND TECHNOLOGICALLY EVOLVING, SPECIALIZED TRAINING IN THE MACHINING INDUSTRY. DURING THE YEAR, WE TRAINED APPROXIMATELY 463 STUDENTS. OUR EDUCATIONAL SERVICES INCLUDE BOTH INTRODUCTORY AND ADVANCED MACHINIST TRAINING. OUR INTRODUCTORY MMT PROVIDES THE OPPORTUNITY FOR CAREER PLACEMENT AT A CURRENT 84% PLACEMENT RATE OF ALL GRADUATES IN THE PROGRAM. THE TRAINING CENTER ALSO BOASTS A 92% GRADUATION RATE OF ALL ENROLLED STUDENTS. CAREER EDUCATION HAS NEVER BEEN CONSIDERED NEED-BASED INDUSTRY IT IS OUR JOB TO LET OUR STUDENTS KNOW WHAT WE OFFER AND THAT THEY NEED US TO FURTHER AND CREATE SUSTAINABLE THEIR CAREER GOALS. (SEE SCHEDULE O.)BECAUSE THE LA/NTMA TRAINING CENTER PROVIDES EDUCATIONAL SERVICES, AS OPPOSED TO A PRODUCT, OUR ADVANTAGES ARE ONLY AS STRONG AS OUR COMMITMENT TO OUR STUDENT'S SUCCESS IN OUR PROGRAM FROM FIRST CONTACT TO THE DAY THEY ARE PLACED AT THEIR NEW CAREER HOME. ASIDE FROM ENSURING OUR TEAM IS ENCOURAGING, AVAILABLE, EXCITED ABOUT THE ROLE THEY PLAY IN OUR STUDENTS LIVES, AND THAT EVERY STUDENT KNOWS THAT THEY ARE AN EXAMPLE OF GREATNESS PERSONIFIED, WE TAKE ADDITIONAL STEPS TO SUPPORT OUR STUDENT'S SUCCESS. LA/NTMA UNDERSTANDS, AND, MORE IMPORTANTLY, VALUES THE ROLE OUR INSTRUCTORS PLAY IN THE LIVES OF OUR STUDENTS; OUR INSTRUCTORS ARE THE REASON FOR MANY OF OUR STUDENTS' PERSISTENCE IN THE PROGRAM AND THE PURPOSE BEHIND MANY OF THEIR SUCCESS STORIES.OUR AUDIENCE IS THE UNDERSERVED AND UNDERREPRESENTED POPULATIONS OF THE COMMUNITIES WE SERVE; THOSE WHOSE OPTIONS HAVE BEEN LIMITED BY WAY OF LACK-LUSTER HIGH SCHOOL RESOURCES, UNRELIABLE SUPPORT SYSTEMS AT HOME, OR THOSE WHO ARE "SMART" IN WAYS NOT MEASURED BY THAT OF AN SAT SCORE OR TRADITIONAL EDUCATIONAL PATHS TO A SUSTAINABLE AND LIFE-LONG CAREER. WE WANT TO SERVE THE IGNORED, BUT GIFTED YOUTH AND YOUNG ADULT OF OUR COMMUNITIES WHO CAN EXCEL IN AN ENVIRONMENT OF HANDS-ON LEARNING, SELF-WORTH AND MORALITY BUILDING, ENCOURAGING, EXCELLENCE ACHIEVING, AND CAREER PLACEMENT ENVIRONMENT. FOUR-YEAR OR TRADITIONAL EDUCATION IS NOT FOR EVERYONE, HOWEVER ACCESS TO A HEALTHY WAGE CAREER SHOULD BE. THE STIGMA ASSOCIATED WITH THE FOR-PROFIT CAREER TRAINING PROGRAMS THAT HAS STATURED THE MARKET HAS LESSENED INTEREST AND CREATED OBSTACLES FOR GREAT PROGRAMS LIKE THE ONES THAT LA/NTMA TRAINING CENTERS PROVIDE. THE LA/NTMA TRAINING CENTER, HOWEVER, WORKS TIRELESS EVERY DAY TO OVERCOME THAT STIGMA AND MAKE SURE THE COMMUNITIES WE SERVE KNOWS THE PURPOSE, PRIVILEGE, POWER, AND PERMANENCE, OF THE HIGHLY REGARDED EDUCATIONAL TRAINING PROGRAM AT LA/NTMA AND THE REPUTATION OF THE NTMA, AS A WHOLE, HAS IN THE MACHINING INDUSTRY. 4066076 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 1 38 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 1 1 0 CA X NEEYAH FRANCOIS 5654044295 12131 TELEGRAPH ROAD 2ND FLOOR SANTA FE SPRINGS CA 90670 JONATHAN DOCHTERMAN CHAIRMAN 1.00 X X 0 0 0 MICHELINE VARNUM TRUSTEE 1.00 X 0 0 0 PASCAL BENYAMINI TRUSTEE 1.00 X 0 0 0 DANIELLE SKINNER PRESIDENT 40.00 X 117000 0 9729 NEEYAH FRANCOIS DIRECTOR OF FINANCE 40.00 X 80000 0 9879 KURT PREISENDANZ DIRECTOR OF EDUCATION 40.00 X 101738 0 8204 298738 0 27812 2 0 0 0 0 1811439 123125 1934564 TUITION FEES 611600 3480917 3480917 APPRENTICESHIP FEES 611600 1992 1992 3482909 735 735 5418208 3482909 0 735 X 1452677 1452677 216608 142619 73989 1627092 1071310 555782 128815 84815 44000 149108 98176 50932 3611 2834 777 85563 6732 78831 424520 424520 56721 44073 12648 270852 203139 67713 2579 2024 555 125017 90533 34484 207229 155422 51807 67986 31951 36035 SUPPLIES & MATERIALS 142627 142627 BOOKS 76758 76758 DUES & SUBSCRIPTIONS 56331 3234 53097 EQUIP. REPAIR & MAINT. 25772 20224 5548 14852 12408 2444 5134718 4066076 1068642 0 3843482 3734352 478305 459800 12834 7739 26793 25885 9637367 4149837 5658668 5487530 100750 100761 10120832 9816067 317288 241370 768365 377867 3018241 2881180 15694 17495 17023 4121389 3533134 X 5999443 6282933 5999443 6282933 10120832 9816067 283490 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 846312 846312 4250271 935423 3314848 1580509 341156 1239353 2960275 2873258 87017 5487530 INTEREST PAYABLE 9098 OTHER LIABILITIES 7925 17023 X 3965531 0 3965531 1452677 1452677 5418208 3682041 0 3682041 1452677 1452677 5134718 PART X, LINE 2: THE INSTITUTION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CORRESPONDING PROVISIONS OF THE CALIFORNIA REVENUE AND TAXATION CODE. ACCORDINGLY, THERE IS NO PROVISION FOR FEDERAL OR CALIFORNIA INCOME TAX. NO INCOME TAX PROVISION HAS BEEN RECORDED AS THE NET INCOME, IF ANY, FROM ANY UNRELATED TRADE OR BUSINESS, IN THE OPINION OF MANAGEMENT, IS NOT MATERIAL TO THE FINANCIAL STATEMENTS TAKEN AS A WHOLE. THE INSTITUTION RECOGNIZES THE TAX BENEFIT FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY TAX AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT IS MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND NO UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED AND AS OF FEBRUARY 28, 2022 AND 2021. WITH FEW EXCEPTIONS, THE INSTITUTION IS NO LONGER SUBJECT TO EXAMINATIONS BY MAJOR TAX JURISDICTIONS FOR YEARS ENDED FEBRUARY 28, 2018 AND PRIOR. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 1,452,677. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 1,452,677. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 STUDENTS RECEIVE WRITTEN NOTIFICATION OF ALL SCHOOL POLICIES DURING THE REGISTRATION PERIOD. SCHEDULE E, PART I, LINE 6 WE RECEIVED FINANCIAL AID OR ASSISTANCE FROM THE FOLLOWING GOVERNMENT AGENCIES: 1- US DEPARTMENT OF EDUCATION STUDENT FINANCIAL AID CLUSTER: FEDERAL PELL GRANT PROGRAMS 2- US DEPARTMENT OF EDUCATION STUDENT FINANCIAL AID CLUSTER: FEDERAL DIRECT STUDENT LOANS 3- STATE OF CALIFORNIA EMPLOYMENT TRAINING PANEL: CNC RETRAINING, MASTERCAM RETRAINING AND NEW HIRE RETRAINING PROGRAMS. 1 STUDENT FINANCIAL AID 154 1452677 PART I, LINE 2: GRANTS AND OTHER ASSISTANCE REPRESENT STUDENT FINANCIAL AID. WHEN AWARDING AID, LA/NTMA FOLLOWS ALL LAWS AND REGULATIONS OF FEDERAL AND STATE OF CALIFORNIA AID PROGRAMS. FORM 990, PART VI, SECTION B, LINE 11B LA/NTMA'S OUTSIDE CPA FIRM AND THE DIRECTOR OF FINANCE PREPARE THE FORM 990. THE FORM IS THEN REVIEWED AND APPROVED BY THE ORGANIZATION'S PRESIDENT. THE FORM IS PROVIDED TO AND REVIEWED WITH THE ENTIRE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 15 NTMA TRAINING CENTER'S BOARD OF TRUSTEES HAS A PROCESS FOR REVIEWING AND APPROVING THE COMPENSATION OF THE PRESIDENT, OTHER OFFICERS, AND KEY EMPLOYEES ON A REGULAR BASIS TO DETERMINE IT IS FAIR AND REASONABLE WITH THE GOAL OF RETAINING EMPLOYEES AT COMPENSATION LEVELS WITHIN APPROPRIATE MARKET RANGE. THE PROCESS FOR DETERMINING THE COMPENSATION PAID TO THE PRESIDENT, OTHER OFFICERS, AND KEY EMPLOYEES INCLUDES THE APPROVAL OF THE COMPENSATION ARRANGEMENT IN ADVANCE, BY THE BOARD OF DIRECTORS, WITH ALL PERSONS WITH A CONFLICT OF INTEREST ABSTAINING FROM THE BOARD'S DELIBERATION AND DISCUSSION. THE BOARD REVIEWS DATA OF COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED NONPROFIT EXECUTIVES AT SIMILARLY SITUATED ENTITIES. THE DOCUMENTATION OF THE BOARD INCLUDES THE TERMS OF THE TRANSACTION AND THE DATE OF APPROVAL, THE MEMBERS WHO WERE PRESENT DURING THE DEBATE AND VOTE ON THE TRANSACTION, A DESCRIPTION OF THE COMPARABLE DATA AND HOW IT WAS OBTAINED, AND DOCUMENTATION OF THE BASIS FOR THE DETERMINATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. HOWEVER, CURRENT TAX LAW DOES NOT REQUIRE GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS BE PROVIDED TO THE PUBLIC. FORM 990, PART IX, LINE 24E LICENSES & FEES: PROGRAM SERVICE EXPENSES 8,739. MANAGEMENT AND GENERAL EXPENSES 2,397. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,136. MISCELLANEOUS EXPENSES: PROGRAM SERVICE EXPENSES 3,669. MANAGEMENT AND GENERAL EXPENSES 47. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,716.