Neca-Ibew Electrical Jatc
- Assets
- $4.3m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 28
- Location
- Evansville, IN
- Founding
- 02/1972
- Data as of
- 06/2024
- EIN
- 23-7150495
Organization Overview
Neca-Ibew Electrical Jatc is located in Evansville, IN. The organization was established in 1972. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 06/2024, Neca-Ibew Electrical Jatc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neca-Ibew Electrical Jatc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Neca-Ibew Electrical Jatc generated $1.6m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $1.4m during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TRAINING ELECTRICIANS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSORSHIP OF APPRENTICESHIP PROGRAM FOR THE SELECTION TRAINING AND EDUCATION OF ELECTRICAL APPRENTICES AND JOURNEYMEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Clark Training Director | Officer | 40 | $114,251 |
Andrew J Widener Asst. Training Director | Officer | 40 | $108,600 |
Andrew M Carroll Member-Neca (chairman) | Trustee | 0 | $0 |
James A Stidham Member-Ibew (secretary) | Trustee | 0 | $0 |
Ellen C Topper Member-Ibew | Trustee | 0 | $0 |
Adam Cook Trustee-Neca | Trustee | 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 | $24,446 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,446 |
| Total Program Service Revenue | $1,484,795 |
| Investment income | $59,664 |
| 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 | $1,592,023 |
| 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. | $224,207 |
| Compensation of current officers, directors, key employees. | $86,195 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $327,536 |
| Pension plan accruals and contributions | $68,072 |
| Other employee benefits | $84,973 |
| Payroll taxes | $41,800 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,935 |
| Fees for services: Accounting | $6,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $51,787 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,417 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,821 |
| Interest | $37,953 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,600 |
| Insurance | $22,213 |
| All other expenses | $231,033 |
| Total functional expenses | $1,374,606 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,506 |
| Savings and temporary cash investments | $2,120,358 |
| 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 | $2,178,602 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,304,466 |
| Accounts payable and accrued expenses | $18,714 |
| 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 | $1,122,886 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,141,600 |
| Net assets without donor restrictions | $3,162,866 |
| 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 | $4,304,466 |