New York Electrical Contractors Association Inc
- Assets
- $10.9m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 6
- Location
- New York, NY
- Founding
- 07/1942
- Data as of
- 12/2021
- EIN
- 13-1097700
Organization Overview
New York Electrical Contractors Association Inc is located in New York, NY. The organization was established in 1942. 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, New York Electrical Contractors Association Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York Electrical Contractors Association Inc 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, New York Electrical Contractors Association Inc generated $3.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $3.0m 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.
Since 2015, New York Electrical Contractors Association Inc has awarded 29 individual grants totaling $236,061. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SERVES AS PARTY TO COLLECTIVE BARGAINING AGREEMENT WITH IBEW LOCAL UNION NO. 3, WITH OBJECTIVES OF PROMOTING ELECTRICAL CONTRACTING BUSINESS AND THE ELECTRICAL INDUSTRY AS A WHOLE, ESTABLISHING HARMONIOUS RELATION AMONG EMPLOYERS AND EMPLOYEES; ITS MEMBERS AND OTHER TRADES IN THE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP DUES AND ASSESSMENTS ARE COLLECTED SO THAT THE ORGANIZATION CAN WORK FOR MUTUAL INTERESTS AND BETTERMENT OF THE ELECTRICAL CONTRACTING INDUSTRY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edwin Lopez Executive Secretary | Officer | 40 | $390,170 |
Peter Rescigno Jr Director Of Operations | Officer | 40 | $187,418 |
Kristine Denapoli President | Officer | 1 | $0 |
Paul Vieira Secretary | Officer | 1 | $0 |
Robert Saville Second Vice President | Officer | 1 | $0 |
Ben D'alessandro Governor | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
B&b Contracting Group Llc Contracting | 12/30/17 | $844,555 |
Gls Associates Llc Rental | 12/30/17 | $132,484 |
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 | $3,240,518 |
| Investment income | $73,390 |
| 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 | $3,313,908 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $59,085 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $739,963 |
| Pension plan accruals and contributions | $156,227 |
| Other employee benefits | $133,944 |
| Payroll taxes | $43,708 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $108,112 |
| Fees for services: Accounting | $50,361 |
| Fees for services: Lobbying | $48,960 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $124,355 |
| Advertising and promotion | $72,000 |
| Office expenses | $52,759 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $60,963 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $604,715 |
| Interest | $84,049 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $198,007 |
| Insurance | $16,650 |
| All other expenses | $84,200 |
| Total functional expenses | $3,006,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $543,985 |
| Savings and temporary cash investments | $1,435,524 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $256,085 |
| 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 | $120,229 |
| Net Land, buildings, and equipment | $4,877,958 |
| Investments—publicly traded securities | $3,210,253 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $420,345 |
| Total assets | $10,864,379 |
| Accounts payable and accrued expenses | $83,865 |
| Grants payable | $0 |
| Deferred revenue | $166,666 |
| 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 | $2,370,312 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $53,010 |
| Total liabilities | $2,673,853 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $8,190,526 |
| 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 | $10,864,379 |
Grants Awarded
Over the last fiscal year, New York Electrical Contractors Association Inc has awarded $66,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL ELECTRICAL CONTRACTORS ASSOCIATION PURPOSE: 2020 PLEDGE | $20,000 |
LT MURPHY MUSEUM PURPOSE: 2020 PLEDGE | $10,000 |
Blauvelt, NY PURPOSE: 2020 PLEDGE | $6,000 |
THE EDWARD J MALLOY CONTRUCTION SKILLS PURPOSE: 2019 PLEDGE | $5,000 |
BTEA REBUILDRENEW CAMPAIGN PURPOSE: 2020 PLEDGE | $5,000 |
New York, NY PURPOSE: 1 TABLE AND AD 11/8/19 | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Telecom Infra Project Inc Wakefield, MA | $19,363,144 | $19,879,167 |
Northeast Gas Association Inc Needham, MA | $15,830,312 | $17,592,560 |
International Trademark Association Inc New York, NY | $31,452,258 | $17,397,846 |
American Association Of Advertising Agencies Inc New York, NY | $18,840,338 | $16,325,912 |
Northeast Power Coordinating Council Inc New York, NY | $13,480,521 | $16,289,125 |
The Toy Association Inc New York, NY | $44,631,259 | $11,487,921 |
Philadelphia Industrial Development Corp Philadelphia, PA | $40,435,799 | $13,493,986 |
Private Label Manufacturers Association New York, NY | $11,255,640 | $8,374,810 |
Pocono Mountains Vacation Bureau Inc Stroudsburg, PA | $11,737,684 | $15,325,542 |
Mohawk Valley Health System Utica, NY | $546,149,518 | $137,473,732 |
Acord Corporation Pearl River, NY | $47,591,189 | $27,875,680 |
National Kitchen & Bath Assoc Bethlehem, PA | $28,104,693 | $9,331,415 |