Electri International The Foundation For Electrical
- Assets
- $28.1m
- Revenue
- $2.8m
- Investments
- $1.4m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 10/1988
- Data as of
- 12/2022
- EIN
- 52-1643734
Organization Overview
Electri International The Foundation For Electrical, operating under the name Electri International, is located in Washington, DC. The organization was established in 1988. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Electri International 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 12/2022, Electri International generated $2.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $2.7m during the year ending 12/2022. While expenses have increased by 6.8% per year over the past 8 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
TO USE ITS RESOURCES TO COMMISSION AND DISSEMINATE COLLABORATIVE AND INNOVATIVE RESEARCH, EDUCATION, AND TECHNOLOGY SOLUTIONS THAT ADVANCE THE FUTURE GROWTH AND PROSPERITY OF THE ELECTRICAL CONSTRUCTION INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ELECTRI COUNCIL COMMISSIONS ACCURATE, RELIABLE, TOP QUALITY RESEARCH TO SUPPORT ELECTRICAL CONTRACTORS IN THEIR BUSINESS EFFORTS AND HELPS PREPARE THE INDUSTRY FOR NEW BUSINESS AND TECHNOLOGY REALITIES OF THE 21ST CENTURY.
INTERNATIONAL HAS SOUGHT TO FOSTER INFORMATIONAL, BUSINESS AND CULTURAL EXCHANGE OPPORTUNITIES BETWEEN ELECTRI COUNCIL MEMBERS AND CONTRACTORS FROM THE INTERNATIONAL COMMUNITY (I.E., CANADA, MEXICO, CENTRAL AMERICA, LATIN AMERICA, EUROPEAN AND ASIAN COUNTRIES). DISASTER RELIEF ASSISTS FAMILIES AND BUSINESSES IMPACTED BY DISASTERS.
RESEARCH INVESTIGATES TRENDS THAT AFFECT THE ELECTRICAL INDUSTRY. AS A RESULT, ELECTRICAL CONTRACTORS, MANUFACTURERS AND DISTRIBUTORS RECEIVE SUPPORT IN THEIR BUSINESS EFFORTS FROM TOP QUALITY RESEARCH.
EDUCATION PROVIDES SCHOLARSHIPS AND OTHER EDUCATIONAL OPPORTUNITIES TO STUDENTS STUDYING AND ENTERING THE ELECTRICAL CONTRACTING PROFESSION AND RELATED PROFESSIONS. THERE ARE SCHOLARSHIPS, GRANTS, AND STIPENDS OFFERED TO NECA CHAPTERS, NECA STUDENT CHAPTERS AND FACULTY MEMBERS. PRIZE MONIES ARE ALSO AWARDED FOR STUDENT COMPETITIONS ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Long Treasurer | OfficerTrustee | 1 | $0 |
Kirk Davis President | OfficerTrustee | 1 | $0 |
Larry Beltramo Past - President | OfficerTrustee | 1 | $0 |
Michael Parkes Vice President | OfficerTrustee | 1 | $0 |
Kellie Holland Board Of Trustees | Trustee | 1 | $0 |
James Macdonald Board Of Trustees | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $250,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,542,529 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,792,529 |
| Total Program Service Revenue | $0 |
| Investment income | $633,076 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $214,957 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,755,120 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $155,934 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $923,686 |
| Compensation of current officers, directors, key employees. | $370,650 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $44,890 |
| Fees for services: Other | $403,882 |
| Advertising and promotion | $12,624 |
| Office expenses | $0 |
| Information technology | $12,129 |
| Royalties | $0 |
| Occupancy | $201,029 |
| Travel | $218,405 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $735,458 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $12,961 |
| Total functional expenses | $2,720,998 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,638 |
| Savings and temporary cash investments | $761,554 |
| Pledges and grants receivable | $4,166,151 |
| 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 | $0 |
| Investments—publicly traded securities | $21,681,821 |
| Investments—other securities | $1,405,224 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $40,057 |
| Total assets | $28,109,445 |
| 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 | $1,369,528 |
| Total liabilities | $1,369,528 |
| Net assets without donor restrictions | $5,753,648 |
| Net assets with donor restrictions | $20,986,269 |
| 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 | $28,109,445 |
Grants Awarded
Over the last fiscal year, Electri International The Foundation For Electrical has awarded $43,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
PENN STATE UNIVERSITY PURPOSE: STUDENT PASSPORT AWARDS | $17,500 |
ECU FOUNDATION INC PURPOSE: 2014 ECA AWARD | $9,000 |
PURDUE UNIVERSITY PURPOSE: STUDENT PASSPORT AWARDS | $7,500 |
UNIVERSITY OF TEXAS SAN ANTONIO PURPOSE: 2014 ECA AWARD | $9,000 |