Electrical Board Of Missouri And Illinois Foundation
- Assets
- $1.0m
- Revenue
- $896.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Fenton, MO
- Founding
- 06/1944
- Data as of
- 08/2023
- EIN
- 43-0494760
Organization Overview
Electrical Board Of Missouri And Illinois Foundation is located in Fenton, MO. The organization was established in 1944. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 08/2023, Electrical Board Of Missouri And Illinois Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Electrical Board Of Missouri And Illinois Foundation 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 08/2023, Electrical Board Of Missouri And Illinois Foundation generated $896.8k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $790.9k during the year ending 08/2023. While expenses have increased by 4.8% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PROGRAMS AND SERVICES THAT EDUCATE, COMMUNICATE AND CONNECT OUR MEMBERS THE COMMUNITY AND OUR EVOLVING INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ELECTRICAL EXPO - THIS EVENT OCCURS EVERY THIRD YEAR IN ORDER TO ACCOMPLISH MANY DIFFERENT PURPOSES. THIS IS THE LARGEST EVENT OF ITS KIND IN THE REGION. THE PURPOSES ARE SEVERAL, BUT NOT LIMITED TO: 1. TO PROVIDE A SHOWCASE FOR VENDORS TO PROMOTE THEIR PRODUCTS TO OUR MEMBERS. 2. PROVIDES FOR NETWORKING OPPORTUNITES FOR MEMBERS AND NON-MEMBERS ALIKE. 3. THERE ARE EDUCATIONAL CLASSES TO TEACH ALL VARIETIES OF ELECTRICAL CODE, ELECTRICAL INSTALLATION METHODS AND HIGH LEVEL ELECTRICAL THEORY FOR THE PROTECTION OF ALL ELECTRICAL USES. AT THE CONFERENCE THERE ARE DISPLAYS OF NEW ANDCUTTING EDGE USES OF ELECTRIC POWER (FOR EXAMPLE, ELECTRIC VEHICLES.)THE VENDORS ARE PRESENT TO EXPLAIN HOW THEIR PRODUCTS CAN BE IMPLEMENTED AND WHAT NEW PRODUCTS ARE AVAILABLE ON THE MARKET.
CHRISTMAS MIXER - HELD DURING THE HOLIDAY SEASON AND ATTENDED BY OVER 470 PEOPLE. THIS FUNCTION PROVIDES THE FESTIVE SETTING FORSOCIAL NETWORKING AND INTERACTION TO HELP ESTABLISH BETTER WORKING RELATIONSHIPS WITH KEY INDUSTRY PERSONNELL.
21ST CENTURY COMMITTEE- THIS GROUP SPONSORS SEVERAL GET-TOGETHERS,A GOLF LEAGUE AND A DART TOURNAMENT. THE PURPOSE IS TO HELP OURYOUNGER MEMBERS BUILD WORKING RELATIONSHIPS WITH OTHERS IN THE INDUSTRY AS WELL AS CUSTOMERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William M Regan President | OfficerTrustee | 55 | $110,535 |
John Luth Director | Trustee | 0.5 | $0 |
Dave Meglio Director | Trustee | 0.5 | $0 |
Dan Meyer Director | Trustee | 0.5 | $0 |
Mike Kemper Director | Trustee | 0.5 | $0 |
Warren Kohm Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $97,164 |
| 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 | $97,164 |
| Total Program Service Revenue | $698,617 |
| Investment income | $37,638 |
| 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 | $896,821 |
| 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. | $110,535 |
| Compensation of current officers, directors, key employees. | $110,535 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $85,303 |
| Pension plan accruals and contributions | $5,125 |
| Other employee benefits | $27,561 |
| Payroll taxes | $13,768 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,615 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,782 |
| Fees for services: Other | $0 |
| Advertising and promotion | $200 |
| Office expenses | $7,007 |
| Information technology | $3,600 |
| Royalties | $0 |
| Occupancy | $40,836 |
| Travel | $3,340 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $76 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $440 |
| Insurance | $5,862 |
| All other expenses | $398,601 |
| Total functional expenses | $790,916 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77 |
| Savings and temporary cash investments | $124,875 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,406 |
| 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 | $21,734 |
| Net Land, buildings, and equipment | $4,523 |
| Investments—publicly traded securities | $848,762 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,600 |
| Total assets | $1,011,977 |
| Accounts payable and accrued expenses | $54,462 |
| Grants payable | $0 |
| Deferred revenue | $26,265 |
| 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 | $80,727 |
| 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 | $931,250 |
| Total liabilities and net assets/fund balances | $1,011,977 |