Independent Electrical Contractors Inc
- Assets
- $305.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- 10/1978
- Data as of
- 06/2021
- EIN
- 46-0311869
Organization Overview
Independent Electrical Contractors Inc is located in Sioux Falls, SD. The organization was established in 1978. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. 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 06/2021, Independent Electrical Contractors Inc generated $58.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $65.0k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Kirstein Executive Director | 50 | $22,833 | |
Strata Corporation Secretary/treasurer | 1 | $0 | |
Al Sutton Electric Director | 1 | $0 | |
Freeman's Electric Director | 1 | $0 | |
Jdp Electric Inc Director | 1 | $0 | |
Baumgartner's Electric President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $10,034 |
| Membership dues | $47,996 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $58,030 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $22,833 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $5,064 |
| Total expenses | $64,995 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $239,152 |
| Other assets | $0 |
| Total assets | $305,350 |
| Total liabilities | $693 |
| Net assets or fund balances | $304,657 |
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 |
|---|---|---|
Grundy County Rural Electric Cooperative Grundy Center, IA | $25,480,735 | $9,712,208 |
North Itasca Electric Coop Inc Bigfork, MN | $32,719,376 | $9,276,458 |
Mccone Electric Co-Op Inc Circle, MT | $37,856,748 | $10,690,087 |
Beartooth Electric Cooperative Inc Red Lodge, MT | $19,770,927 | $9,512,257 |
Woodbury Co Rural Electric Cooperative Moville, IA | $29,447,926 | $9,801,005 |
Clay-Union Electric Corporation Vermillion, SD | $38,295,961 | $9,060,805 |
Rosebud Electric Cooperative Inc Gregory, SD | $32,506,970 | $8,797,386 |
Franklin Rural Electric Coop Hampton, IA | $19,806,688 | $8,127,748 |
Rushmore Electric Power Cooperative Inc Rapid City, SD | $66,615,714 | $7,530,453 |
Nebraska Municipal Power Pool Lincoln, NE | $2,106,439 | $8,125,325 |
Big Horn County Electric Cooperative Inc Hardin, MT | $18,794,081 | $8,393,907 |
Cam Wal Electric Cooperative Inc Selby, SD | $28,154,586 | $7,408,612 |