Electrical Association Of Philadelphia Inc
- Assets
- $1.8m
- Revenue
- $320.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Blue Bell, PA
- Founding
- 09/1944
- Data as of
- 12/2021
- EIN
- 23-0552870
Organization Overview
Electrical Association Of Philadelphia Inc is located in Blue Bell, PA. The organization was established in 1944. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Electrical Association Of Philadelphia Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Electrical Association Of Philadelphia 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, Electrical Association Of Philadelphia Inc generated $320.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.1%) each year. All expenses for the organization totaled $581.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 7 years. 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 EAP IS DEDICATED TO ADVANCING THE INTEREST OF ALL MEMBERS IN THE ELECTRICAL INDUSTRY OF THE DELAWARE VALLEY AND HELPING MEMBERS AND TEH INDUSTRY ACHIEVE THE HIGHEST LEVEL OF BUSINESS SUCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVANCEMENT OF THE COMMERCIAL AND PROFESSIONAL INTEREST OF MEMBERS, THE FURTHERANCE OF THE USE OF ELECTRICITY AND THE GREATER DEVELOPMENT OF THE THE ELECTRICAL INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Hagy Cae Executive Di | Officer | 40 | $110,250 |
Janet Benvenuto Secretary | OfficerTrustee | 1 | $0 |
Henry Barusevicius Jr Vice Preside | OfficerTrustee | 1 | $0 |
Russ Defuria President | OfficerTrustee | 1 | $0 |
David Oliver Secretary | OfficerTrustee | 1 | $0 |
Jack Beiter Honorary Dir | Trustee | 1 | $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 | $270,287 |
| Investment income | $50,308 |
| 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 | $320,595 |
| 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. | $110,250 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $143,234 |
| Pension plan accruals and contributions | $30,000 |
| Other employee benefits | $21,027 |
| Payroll taxes | $20,881 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,057 |
| Fees for services: Accounting | $6,323 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,500 |
| Fees for services: Other | $2,403 |
| Advertising and promotion | $5,682 |
| Office expenses | $30,382 |
| Information technology | $24,710 |
| Royalties | $0 |
| Occupancy | $46,533 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $117,582 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,082 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $581,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,076 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $9,747 |
| Investments—publicly traded securities | $1,649,859 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $15,681 |
| Other assets | $2,628 |
| Total assets | $1,776,991 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $9,208 |
| Total liabilities | $9,208 |
| Net assets without donor restrictions | $1,767,783 |
| 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 | $1,776,991 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Electrical Association Of Philadelphia Inc has recieved totaling $158,400.
| Awarding Organization | Amount |
|---|---|
Temple University-Of The Commonwealth System Of Higher Educ Philadelphia, PA PURPOSE: Research subcontract | $52,800 |
Temple University-Of The Commonwealth System Of Higher Educ Philadelphia, PA PURPOSE: Research subcontract | $52,800 |
Temple University-Of The Commonwealth System Of Higher Educ Philadelphia, PA PURPOSE: Research subcontract | $52,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Adams Electric Cooperative Inc Gettysburg, PA | $218,291,432 | $70,869,610 |
Pioneer Rural Electric Cooperative Inc Piqua, OH | $137,811,122 | $72,827,818 |
Union Rural Electric Co-Op Inc Marysville, OH | $107,663,886 | $61,032,798 |
Licking Rural Electrification Inc Newark, OH | $316,474,567 | $64,454,016 |
Consolidated Cooperative Mt Gilead, OH | $135,336,279 | $58,791,301 |
Paulding-Putnam Electric Cooperative Inc Paulding, OH | $113,731,744 | $45,501,402 |
Hancock-Wood Electric Cooperative North Baltimore, OH | $133,031,141 | $50,854,119 |
Buckeye Rural Electric Co-Op Inc Rio Grande, OH | $133,098,121 | $42,883,645 |
Lorain-Medina Rural Electric Coop Inc Wellington, OH | $103,003,393 | $43,488,454 |
Licking Rural Electrification Inc Newark, OH | $102,878,890 | $42,243,182 |
Guernsey-Muskingum Electric Coop New Concord, OH | $95,596,998 | $38,264,005 |
Butler Rural Electric Coop Inc Oxford, OH | $92,038,722 | $34,147,071 |