Independent Electrical Contractors Inc
- Assets
- $930.2k
- Revenue
- $870.9k
- Investments
- $0.0
- Employees
- 14
- Location
- Rocky Hill, CT
- Founding
- 11/1971
- Data as of
- 09/2022
- EIN
- 23-7121437
Organization Overview
Independent Electrical Contractors Inc is located in Rocky Hill, CT. The organization was established in 1971. 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 09/2022, Independent Electrical Contractors Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independent Electrical Contractors 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 09/2022, Independent Electrical Contractors Inc generated $870.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $901.6k during the year ending 09/2022. While expenses have increased by 4.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE INTERESTS OF THE INDEPENDENT ELECTRICAL CONTRACTOR
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS - MEMBER SERVICES: EDUCATIONAL MEETINGS, CONFERENCES, AND TECHNICAL SUPPORT FOR MEMBERS.
APPRENTICESHIP TRAINING PROGRAM: ADMINISTRATION OF APPRENTICE AND TRAINING PROGRAM TO ENABLE CANDIDATES TO OBTAIN STATE OF CONNECTICUT ELECTRICIAN'S LICENSE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rich Bird President | OfficerTrustee | $0 | |
Jason Jacaruso Director | Trustee | $0 | |
Phil Nizzardo Treasurer | OfficerTrustee | $0 | |
Laurence Valleres Vice Preside | OfficerTrustee | $0 | |
Terry Berube Director | Trustee | $0 | |
Paul Borrelli Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $28,740 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,740 |
| Total Program Service Revenue | $874,581 |
| Investment income | $38 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$61,892 |
| Net Income from Fundraising Events | $4,501 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $870,872 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $271,311 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,323 |
| Payroll taxes | $26,958 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,900 |
| Fees for services: Lobbying | $15,280 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,746 |
| Office expenses | $58,138 |
| Information technology | $15,452 |
| Royalties | $0 |
| Occupancy | $219,502 |
| Travel | $9,044 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,790 |
| Interest | $0 |
| Payments to affiliates | $57,212 |
| Depreciation, depletion, and amortization | $15,241 |
| Insurance | $11,985 |
| All other expenses | $1,597 |
| Total functional expenses | $901,582 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $270,209 |
| Savings and temporary cash investments | $174,273 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,000 |
| 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 | $66,416 |
| Net Land, buildings, and equipment | $401,259 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,000 |
| Total assets | $930,157 |
| Accounts payable and accrued expenses | $24,007 |
| Grants payable | $0 |
| Deferred revenue | $392,751 |
| 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 | $0 |
| Total liabilities | $416,758 |
| Net assets without donor restrictions | $513,399 |
| 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 | $930,157 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Independent Electrical Contractors Inc has recieved totaling $8,000.
| Awarding Organization | Amount |
|---|---|
Independent Electrical Contractors Foundation Monroeville, PA PURPOSE: EQUIPMENT FOR TRAINING CENTER LABS | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
School And Municipal Energy Cooperative Of Western New York West Seneca, NY | $5,155,004 | $20,423,578 |
Steuben Rural Electric Cooperative Inc Bath, NY | $38,467,203 | $11,402,118 |
Griffiss Utility Services Corporation Rome, NY | $55,633,471 | $10,494,870 |
Otsego Electric Cooperative Inc Hartwick, NY | $49,068,805 | $10,412,060 |
Delaware County Electric Cooperative Inc Delhi, NY | $31,160,673 | $9,563,968 |
Citizens Energy Corp Boston, MA | $91,449,217 | $4,368,479 |
Oneida-Madison Electric Cooperative Inc Bouckville, NY | $7,515,717 | $2,856,346 |
Boston Community Access & Programming Foundation Inc Roxbury, MA | $7,302,849 | $3,314,790 |
Northeast Public Power Association Littleton, MA | $3,141,643 | $2,606,605 |
South Central Connecticut Regional Water Authority Retired Employees New Haven, CT | $9,882,631 | $2,331,920 |
Independent Power Producers Of New York Inc Albany, NY | $2,361,660 | $1,877,380 |
New England Power Generators Association Inc Westborough, MA | $833,586 | $1,566,455 |