I E C Chesapeake Apprenticeship & Training Inc
- Assets
- $3.1m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Laurel, MD
- Founding
- 04/1998
- Data as of
- 06/2022
- EIN
- 52-2048675
Organization Overview
I E C Chesapeake Apprenticeship & Training Inc is located in Laurel, MD. The organization was established in 1998. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. I E C Chesapeake Apprenticeship & Training Inc 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 06/2022, I E C Chesapeake Apprenticeship & Training Inc generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $2.3m during the year ending 06/2022. While expenses have increased by 9.2% 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
TO PROVIDE TRAINING TO SKILLED AND KNOWLEDGEABLE TRADESMAN AND PROVIDE CONTINUING EDUCATION AND SEMINARS TO ELECTRICAL JOURNEYMAN IN THE ELECTRICAL FIELD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE TRAINING TO SKILLED AND KNOWLEDGEABLE TRADESMAN AND PROVIDE CONTINUING EDUCATION AND SEMINARS TO ELECTRICAL JOURNEYMAN IN THE ELECTRICAL FIELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Shatzer Past President | OfficerTrustee | 1 | $0 |
Casey Weisman President | OfficerTrustee | 1 | $0 |
Scott R Bowers Vice President | OfficerTrustee | 1 | $0 |
Mike Veltri Secretary/treasurer | OfficerTrustee | 1 | $0 |
Grant Shmelzer Executive Director | Officer | 20 | $0 |
Vickie Dols Finance Committee Chair | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $56,800 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $33,225 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $90,025 |
| Total Program Service Revenue | $2,730,711 |
| Investment income | $306 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,452 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$28,227 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,893,289 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $855,635 |
| Pension plan accruals and contributions | $15,988 |
| Other employee benefits | $48,300 |
| Payroll taxes | $43,468 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $263 |
| Fees for services: Accounting | $9,170 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $51,449 |
| Advertising and promotion | $64,933 |
| Office expenses | $57,253 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $411,259 |
| Travel | $16,549 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,468 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,388 |
| Insurance | $16,913 |
| All other expenses | $945 |
| Total functional expenses | $2,252,233 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $494,642 |
| Savings and temporary cash investments | $214,249 |
| 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 | $33,273 |
| Net Land, buildings, and equipment | $259,279 |
| Investments—publicly traded securities | $2,112,064 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,113,507 |
| Accounts payable and accrued expenses | $118,343 |
| Grants payable | $0 |
| Deferred revenue | $264,719 |
| 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 | $383,062 |
| Net assets without donor restrictions | $2,730,445 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,113,507 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that I E C Chesapeake Apprenticeship & Training Inc has recieved totaling $25,500.
| Awarding Organization | Amount |
|---|---|
Independent Electrical Contractors Foundation Monroeville, PA PURPOSE: EQUIPMENT FOR TRAINING CENTER LABS | $25,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Results For America Washington, DC | $34,611,584 | $37,342,488 |
Israel On Campus Coalition Washington, DC | $6,950,162 | $10,725,464 |
Learning Lamp Inc Johnstown, PA | $5,123,554 | $8,804,669 |
West Chester University Student Services Inc West Chester, PA | $13,094,103 | $8,544,648 |
Student Association Inc California, PA | $24,020,549 | $6,805,716 |
Student Cooperative Association Inc Indiana, PA | $29,525,625 | $9,645,452 |
Cameron Foundation Petersburg, VA | $170,387,931 | $14,350,568 |
Frameworks Institute Washington, DC | $8,374,816 | $6,057,104 |
Shippensburg University Student Services Inc Shippensburg, PA | $2,959,085 | $3,291,326 |
News Literacy Project Inc Bethesda, MD | $6,963,162 | $5,070,663 |
Seed Foundation Inc Washington, DC | $10,420,742 | $4,996,042 |
College Summit Inc Washington, DC | $4,976,677 | $6,077,996 |