National Electrical Contractors Association Inc & Ibew
- Assets
- $341.6k
- Revenue
- $817.7k
- Investments
- $0.0
- Employees
- 11
- Location
- Wallingford, CT
- Founding
- 07/1974
- Data as of
- 03/2022
- EIN
- 23-7311925
Organization Overview
National Electrical Contractors Association Inc & Ibew is located in Wallingford, CT. The organization was established in 1974. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 03/2022, National Electrical Contractors Association Inc & Ibew employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Electrical Contractors Association Inc & Ibew 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 03/2022, National Electrical Contractors Association Inc & Ibew generated $817.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $739.8k during the year ending 03/2022. While expenses have increased by 1.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TRAINING OF APPRENTICES FOR THE ELECTRICAL INDUSTRY AND CONDUCTING COURSES IN CONTINUING EDUCATION FOR THE ELECTRICAL INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING OF APPRENTICES FOR THE ELECTRICAL INDUSTRY AND CONDUCTING COURSES IN CONTINUING EDUCATION FOR THE ELECTRICAL INDUSTRY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Costello Program Director | Trustee | 40 | $114,689 |
Sean Daly Chairman / Trustee | OfficerTrustee | 1 | $0 |
Michael Moconyi Trustee/ Scrty | OfficerTrustee | 1 | $0 |
William Mackey Trustee | Trustee | 1 | $0 |
John Bellemare Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $82,662 |
| 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 | $82,662 |
| Total Program Service Revenue | $691,951 |
| Investment income | $747 |
| 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 | $817,700 |
| 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. | $188,260 |
| Compensation of current officers, directors, key employees. | $18,826 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $129,430 |
| Pension plan accruals and contributions | $4,041 |
| Other employee benefits | $26,090 |
| Payroll taxes | $27,910 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,035 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $160 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,635 |
| Office expenses | $15,346 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $93,573 |
| Travel | $1,107 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $370 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,919 |
| Insurance | $14,104 |
| All other expenses | $27,714 |
| Total functional expenses | $739,840 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $263,693 |
| Savings and temporary cash investments | $2,355 |
| 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 | $29,450 |
| Investments—publicly traded securities | $46,136 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $341,634 |
| 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 | $533 |
| Total liabilities | $533 |
| Net assets without donor restrictions | $0 |
| 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 | $341,101 |
| Total liabilities and net assets/fund balances | $341,634 |
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