South Bend & Vicinity Electrical
- Assets
- $1.7m
- Revenue
- $825.1k
- Investments
- $0.0
- Employees
- 31
- Location
- South Bend, IN
- Founding
- 04/2014
- Data as of
- 09/2021
- EIN
- 35-6059198
Organization Overview
South Bend & Vicinity Electrical is located in South Bend, IN. The organization was established in 2014. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 09/2021, South Bend & Vicinity Electrical employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Bend & Vicinity Electrical 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 09/2021, South Bend & Vicinity Electrical generated $825.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $896.8k during the year ending 09/2021. While expenses have increased by 3.5% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE APPRENTICESHIP AND JOURNEYMAN TRAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE APPRENTICESHIP AND JOURNEYMAN TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Corwin Training Coordinator - Past | Officer | 40 | $70,792 |
Joseph Gambill Training Coordinator - New | Officer | 40 | $27,184 |
Chris Wilson Trustee - Past | Trustee | 1 | $1,496 |
Tye Noland Trustee | Trustee | 1 | $0 |
Michael Taff Trustee | Trustee | 1 | $0 |
Derrick Amberg Trustee | 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 | $794,164 |
| Investment income | $11,844 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,194 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $825,060 |
| 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. | $147,955 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $260,707 |
| Pension plan accruals and contributions | $19,786 |
| Other employee benefits | $19,511 |
| Payroll taxes | $32,730 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,865 |
| Fees for services: Other | $0 |
| Advertising and promotion | $278 |
| Office expenses | $54,441 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,827 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,999 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,671 |
| Insurance | $27,525 |
| All other expenses | $3,102 |
| Total functional expenses | $896,795 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $238,045 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $53,889 |
| 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 | $4,468 |
| Net Land, buildings, and equipment | $846,641 |
| Investments—publicly traded securities | $511,997 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,655,040 |
| Accounts payable and accrued expenses | $39,403 |
| 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 | $2,414 |
| Total liabilities | $41,817 |
| 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 | $1,613,223 |
| Total liabilities and net assets/fund balances | $1,655,040 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Union Of Operating Engineers Local 399 Chicago, IL | $96,961,907 | $69,218,170 |
Operating Engineers Local 150 Apprenticeship Fund Countryside, IL | $65,849,227 | $38,699,525 |
Pierce-Pepin Cooperative Services Ellsworth, WI | $45,602,496 | $18,833,383 |
Employ Milwaukee Inc Milwaukee, WI | $5,350,025 | $18,087,018 |
Eastern Kentucky Concentrated Employment Program Inc Hazard, KY | $3,193,926 | $15,607,928 |
Jobworks Inc Fort Wayne, IN | $2,850,480 | $13,765,612 |
Vacation Fund Of Engineers Local 513 Bridgeton, MO | $4,041,633 | $12,513,206 |
Ibew Local 701 Vacation Fund Warrenville, IL | $3,565,124 | $11,822,716 |
Wisconsin Operating Engineers Skill Improvement And Apprenticeship Fun Pewaukee, WI | $22,671,605 | $11,410,505 |
Apprentice And Journeymen Education And Training Trust Fund U/A 130 Chicago, IL | $39,945,456 | $7,959,512 |
Illinois Laborers & Contractors Training Trust Fund Mt Sterling, IL | $29,577,263 | $7,640,273 |
Skills For Chicagolands Future Chicago, IL | $6,984,801 | $8,975,489 |