Carolinas Electrical Contractors Assn
- Assets
- $822.2k
- Revenue
- $308.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Matthews, NC
- Founding
- 07/1946
- Data as of
- 12/2021
- EIN
- 56-0521364
Organization Overview
Carolinas Electrical Contractors Assn is located in Matthews, NC. The organization was established in 1946. 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. Carolinas Electrical Contractors Assn 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 12/2021, Carolinas Electrical Contractors Assn generated $308.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $287.4k during the year ending 12/2021. While expenses have increased by 0.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST AND PROMOTE THE COLLECTIVE INTERESTS OF THE ELECTRICAL CONTRACTOR, BY FACILITATING AND COORDINATING ACTIVITIES THAT ENHANCE THE ELECTRICAL INDUSTRY IN THE CAROLINAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES EDUCATION AND TRAINING TO INCREASE THE TECHNICAL SKILLS, SAFETY, PRODUCTIVITY, QUALITY OF THE INDUSTRY AND PROMOTE A HIGH ETHICAL STANDARD FOR THE BETTERMENT OF THE ELECTRICAL CONTRACTOR. THIS IS ACHIEVED THROUGH VARIOUS SERVICES/EVENTS, INCLUDING ANNUAL CONFERENCES, QUARTERLY LUNCH AND LEARN MEETINGS, CODE COURSE EDUCATION & THE CAROLINA CURRENT PUBLICATION. A SUMMARY OF THE REVENUE & EXPENSE FOR THESE PROGRAMS IS SHOWN ON SCHEDULE O.
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 |
|---|---|---|---|
Donnie Belk Treasurer | OfficerTrustee | $0 | |
Steve Colter 1st Vice Pre | OfficerTrustee | $0 | |
Tom Jackson Immed Past P | OfficerTrustee | $0 | |
Steve Fanney President | OfficerTrustee | $0 | |
Ron Hinson Secretary | OfficerTrustee | $0 | |
Kendall Parker Executive Di | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,790 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,790 |
| Total Program Service Revenue | $232,373 |
| Investment income | $21,070 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $21,080 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$303 |
| Net Income from Fundraising Events | $28,300 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $308,310 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,191 |
| 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. | $93,981 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $834 |
| Payroll taxes | $7,248 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,500 |
| Fees for services: Lobbying | $12,704 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | -$5 |
| Advertising and promotion | $15,445 |
| Office expenses | $14,805 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,720 |
| Travel | $1,726 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $70,342 |
| Interest | $2 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,126 |
| Insurance | $2,632 |
| All other expenses | $0 |
| Total functional expenses | $287,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,018 |
| Savings and temporary cash investments | $49,089 |
| 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 | $5,828 |
| Net Land, buildings, and equipment | $183,207 |
| Investments—publicly traded securities | $452,069 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $822,211 |
| Accounts payable and accrued expenses | $9,854 |
| 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 | $3,641 |
| Total liabilities | $13,495 |
| Net assets without donor restrictions | $808,716 |
| 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 | $822,211 |
Grants Awarded
Over the last fiscal year, Carolinas Electrical Contractors Assn has awarded $24,191 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Matthews, NC PURPOSE: GENERAL SUPPORT | $14,328 |
JOHN MOORE FUND | | | $9,863 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gibson Electric Membership Corp Trenton, TN | $199,281,246 | $104,510,085 |
Four County Electric Membership Corp Burgaw, NC | $229,795,069 | $103,654,934 |
Holston Electric Cooperative Inc Rogersville, TN | $140,432,181 | $97,958,544 |
Sequachee Valley Electric Cooperative South Pittsburg, TN | $165,775,520 | $105,669,415 |
Institute Of Nuclear Power Operations Atlanta, GA | $114,402,885 | $104,860,180 |
Pee Dee Electric Cooperative Inc Darlington, SC | $181,919,242 | $94,464,000 |
Hart Electric Membership Corp Hartwell, GA | $227,728,767 | $84,026,536 |
Georgia System Operations Corporation Tucker, GA | $29,189,224 | $80,847,817 |
Black River Electric Cooperative Inc Sumter, SC | $113,858,929 | $78,967,679 |
Fairfield Electric Cooperative Inc Blythewood, SC | $145,854,723 | $79,666,610 |
A & N Electric Cooperative Tasley, VA | $203,944,683 | $76,232,163 |
Okefenoke Rural Electric Membership Corporation Nahunta, GA | $179,241,963 | $74,995,263 |