Association Of Edison Illuminating Companies
- Assets
- $2.2m
- Revenue
- $979.2k
- Investments
- $0.0
- Employees
- 5
- Location
- Birmingham, AL
- Founding
- 10/1936
- Data as of
- 12/2021
- EIN
- 13-0453115
Organization Overview
Association Of Edison Illuminating Companies is located in Birmingham, AL. The organization was established in 1936. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Association Of Edison Illuminating Companies employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Of Edison Illuminating Companies is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Association Of Edison Illuminating Companies generated $979.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 3.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ADVANCEMENT OF RELIABLE ELECTRIC SERVICE FOR LIGHT, HEAT, AND POWER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION ENCOURAGES RESEARCH AND THE EXCHANGE OF TECHNICAL INFORMATION THROUGH A COMMITTEE STRUCTURE, STAFFED WITH EXPERTS FROM MANAGEMENT OF MEMBER COMPANIES. THE ASSOCIATION'S COMMITTEES EXCHANGE INFORMATION, IDEAS AND SOLUTIONS TO SUCCEED IN THE EVER-CHANGING ELECTRIC INDUSTRY. THE ASSOCIATION ALSO PROVIDES HIGHLY VALUED LITERATURE ON LOAD RESEARCH AND UNDERGROUND CABLE SPECIFICATIONS. THE ASSOCIATION'S SEVEN TECHNICAL COMMITTEES ARE AS FOLLOWS: LOAD RESEARCH & ANALYTICS, METER AND SERVICE, POWER APPARATUS, POWER DELIVERY, POWER GENERATION, CABLE ENGINEERING, AND CUSTOMER SERVICE.
IN AUGUST 2021, THE ASSOCIATION ENTERED INTO DEVELOPMENT AND SERVICE AGREEMENTS WITH ELECTRIC CODE, LLC TO DEVELOP AN EVENT MANAGEMENT PLATFORM (MARC SYSTEM) AND THE RELATED HOSTING SERVICES. THE COST OF DEVELOPING THIS PLATFORM WAS $250,000 AND THE HOSTING SERVICES WILL BE $50,000 PER YEAR. THE TERM OF THE HOSTING SERVICE AGREEMENT IS THREE YEARS WITH AUTOMATIC SUCCESSIVE ONE YEAR RENEWAL TERMS UNTIL TERMINATION BY EITHER PARTY. THE LICENSING FEE FOR THIS PLATFONN WAS INCLUDED AS A FIXED ASSET FOR THE YEAR ENDED DECEMBER 31, 2021. HOWEVER, THE PLATFORM WAS NOT PLACED INTO SERVICE AS OF DECEMBER 31, 2021, THUS NO DEPRECIATION OR REVENUE WAS RECOGNIZED DURING THE YEAR ENDED 2021. CERTAIN MEMBER COMPANIES WILL BE UTILIZING THIS PLATFONN. DEFERRED INCOME OF $200,000 RELATED TO THE LICENSING FEE WAS INCLUDED IN LIABILITIES RELATED TO THE INVOICED AMOUNTS TO THESE MEMBERS AS OF DECEMBER 31, 2021. THIS DEFERRED INCOME WILL BE RECOGNIZED AT THE POINT IN TIME THAT THE PLATFORM IS PLACED INTO SERVICE. NET ACCOUNTS RECEIVABLE OF $25,000 RELATED TO THE LICENSING FEE WAS ALSO INCLUDED. THERE WILL ALSO BE INCOME FROM THESE MEMBERS IN THE FUTURE FROM MAINTENANCE FEES RELATED TO THE HOSTING SERVICES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Hauser CEO | Officer | 40 | $208,333 |
Len Holland Mgr Aeic Svcs | Officer | 40 | $71,147 |
Terence R Donnelly Past President | OfficerTrustee | 0 | $0 |
William Fontenot 1st Vice President | OfficerTrustee | 0 | $0 |
Jim Greer President | OfficerTrustee | 0 | $0 |
Werner J Schweiger 2nd Vice President | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $959,786 |
| Investment income | $19,456 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $979,242 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $279,480 |
| Compensation of current officers, directors, key employees. | $83,844 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $182,998 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $35,478 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,355 |
| Fees for services: Accounting | $18,679 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,860 |
| Advertising and promotion | $69,167 |
| Office expenses | $11,381 |
| Information technology | $28,943 |
| Royalties | $0 |
| Occupancy | $25,526 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $303,807 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,798 |
| Insurance | $12,967 |
| All other expenses | $3,449 |
| Total functional expenses | $1,044,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $154,601 |
| Savings and temporary cash investments | $1,744,525 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,434 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,000 |
| Net Land, buildings, and equipment | $258,143 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,201,703 |
| Accounts payable and accrued expenses | $11,271 |
| Grants payable | $0 |
| Deferred revenue | $200,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $250,000 |
| Total liabilities | $461,271 |
| Net assets without donor restrictions | $1,740,432 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,201,703 |
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