Independent Electrical Contractors Foundation
- Assets
- $2.5m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 1
- Location
- Monroeville, PA
- Founding
- 10/1996
- Data as of
- 06/2022
- EIN
- 54-1814360
Organization Overview
Independent Electrical Contractors Foundation, operating under the name Iecf, is located in Monroeville, PA. The organization was established in 1996. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iecf 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, Iecf generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 12.6% 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.
Since 2015, Iecf has awarded 197 individual grants totaling $3,856,660. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER EDUCATION AND TRAINING IN THE ELECTRICAL CONSTRUCTION INDUSTRY, AS WELL AS ASSURE THE INDUSTRY'S FUTURE GROWTH AND PROFESSIONALISM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING EQUIPMENT AND EDUCATION - THE FOUNDATION PROVIDES OPPORTUNITIES FOR INTRODUCING AND GUIDING MEN AND WOMEN TO SUCCESSFUL AND SATISFYING CAREERS IN THE ELECTRICAL AND COMMUNICATIONS INDUSTRIES THROUGH EQUIPMENT GRANTS FOR USE BY LOCAL TRAINING AND EDUCATION CENTERS.
SCHOLARSHIPS - THE FOUNDATION AWARDS SCHOLARSHIPS TO DESERVING AND QUALIFIED STUDENTS WHO HAVE DEMONSTRATED DRIVE, DEDICATION AND LEADERSHIP IN THEIR PURSUIT OF CAREERS IN THE ELECTRICAL INDUSTRY. THE FOUNDATION'S SCHOLARSHIPS ARE OFFERED TO MEMBERS OF THE INDEPENDENT ELECTRICAL CONTRACTORS, INC. ("IEC"), AN AFFILIATED ENTITY OF THE FOUNDATION, AND THEIR IMMEDIATE FAMILIES WHO PLAN TO PURSUE POST-SECONDARY EDUCATION IN COLLEGE OR STATE ACCREDITED APPRENTICESHIP PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lana Al-Amin Executive Director | Officer | 40 | $42,710 |
Tom Alexander Chairman | OfficerTrustee | 2 | $0 |
Gene Mini Sr Vice Chair | OfficerTrustee | 2 | $0 |
Dean Kredit Treasurer | OfficerTrustee | 1 | $0 |
Kristen Williams Secretary | OfficerTrustee | 1 | $0 |
Helene Webster 2nd Vice Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $91,079 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,314,736 |
| Noncash contributions included in lines 1a–1f | $696,900 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,405,815 |
| Total Program Service Revenue | $394,826 |
| Investment income | $60,626 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $15,574 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,876,841 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $749,286 |
| Grants and other assistance to domestic individuals. | $169,224 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $105,996 |
| Compensation of current officers, directors, key employees. | $16,535 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,347 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,751 |
| Fees for services: Other | $35,628 |
| Advertising and promotion | $2,538 |
| Office expenses | $27,805 |
| Information technology | $5,169 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,772 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,323 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $964 |
| All other expenses | $0 |
| Total functional expenses | $1,531,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,569 |
| Savings and temporary cash investments | $809,192 |
| Pledges and grants receivable | $10,000 |
| 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 | $11,599 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,577,596 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,463,956 |
| Accounts payable and accrued expenses | $34,902 |
| Grants payable | $0 |
| Deferred revenue | $10,500 |
| 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 | $45,402 |
| Net assets without donor restrictions | $1,755,869 |
| Net assets with donor restrictions | $662,685 |
| 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 | $2,463,956 |
Grants Awarded
Over the last fiscal year, Independent Electrical Contractors Foundation has awarded $743,742 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
Las Cruces, NM PURPOSE: EQUIPMENT FOR TRAINING CENTER LABS | $54,750 |
Nashville, TN PURPOSE: EQUIPMENT FOR TRAINING CENTER LABS | $53,176 |
Cincinnati, OH PURPOSE: EQUIPMENT FOR TRAINING CENTER LABS | $49,750 |
Austin, TX PURPOSE: EQUIPMENT FOR TRAINING CENTER LABS | $47,350 |
Cranford, NJ PURPOSE: EQUIPMENT FOR TRAINING CENTER LABS | $47,350 |
El Paso, TX PURPOSE: EQUIPMENT FOR TRAINING CENTER LABS | $45,576 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Independent Electrical Contractors Foundation has recieved totaling $8,100.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $8,100 |
Endowment Analysis
| Beg. Balance | $748,893 |
| Earnings | -$107,708 |
| Ending Balance | $641,185 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Building Service Thomas Shortman Training Scholarship And New York, NY | $24,265,152 | $18,661,986 |
New York District Council Crpntrs Apprntcshp Jrnymn Retraing Educa New York, NY | $32,423,989 | $13,554,381 |
Ohio Operating Engineers Apprenticeship Fund Columbus, OH | $28,221,332 | $11,797,420 |
Northeast Carpenters Apprenticeship Fund Edison, NJ | $19,860,788 | $10,381,249 |
Hawthorne Valley Association Inc Ghent, NY | $11,965,949 | $10,914,219 |
Electrical Local No 26 Joint Apprenticeship & Training Tr Fund Lanham, MD | $29,794,692 | $14,296,333 |
Operating Engineers Local 825 Springfield, NJ | $22,861,458 | $9,545,959 |
Operating Engineers Local 825 Sub Fund Springfield, NJ | $82,702,164 | $12,313,269 |
Nueva Esperanza Philadelphia, PA | $22,032,264 | $12,218,705 |
Mm&p Maritime Advancement Training Ed & Safety Program Linthicum Heights, MD | $12,191,670 | $4,959,385 |
United Labor Agency Inc Cleveland, OH | $1,262,964 | $7,870,324 |
Baltimore Corps Inc Baltimore, MD | $9,476,399 | $10,474,967 |