Independent Electrical Contractors Inc
- Assets
- $2.4m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 43
- Location
- Atlanta, GA
- Founding
- 12/1965
- Data as of
- 06/2022
- EIN
- 58-0956500
Organization Overview
Independent Electrical Contractors Inc is located in Atlanta, GA. The organization was established in 1965. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2022, Independent Electrical Contractors Inc employed 43 individuals. 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 06/2022, Independent Electrical Contractors Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $1.7m during the year ending 06/2022. While expenses have increased by 9.3% 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 EDUCATION, TRAINING, NETWORKING AND BUSINESS SUPPORT SERVICES THAT INCREASE THE SUCCESS OPPORTUNITIES FOR INDEPENDENT ELECTRICAL CONTRACTORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE APPRENTICESHIP AND EDUCATION RESOURCES TO MEMBERS AND THEIR EMPLOYEES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Niel Dawson Executive Dir. | Officer | 40 | $187,170 |
Steve Askea President | OfficerTrustee | 1 | $0 |
Darren Lodge Vice President | OfficerTrustee | 1 | $0 |
Chris Caiaccio VP Of Partners | OfficerTrustee | 1 | $0 |
Nick Young Secretary/treas | OfficerTrustee | 1 | $0 |
Tom Young Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $477,299 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $283,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $37,791 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $798,690 |
| Total Program Service Revenue | $958,011 |
| Investment income | $2,762 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,492 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $95,778 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,953,420 |
| 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. | $187,685 |
| Compensation of current officers, directors, key employees. | $93,842 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $774,843 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $41,660 |
| Payroll taxes | $90,038 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,038 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $123,329 |
| Advertising and promotion | $51,265 |
| Office expenses | $36,153 |
| Information technology | $17,609 |
| Royalties | $0 |
| Occupancy | $110,269 |
| Travel | $38,194 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $71,272 |
| Insurance | $30,051 |
| All other expenses | $0 |
| Total functional expenses | $1,734,188 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,567 |
| Savings and temporary cash investments | $615,687 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $222,222 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $11,592 |
| Inventories for sale or use | $36,748 |
| Prepaid expenses and deferred charges | $49,869 |
| Net Land, buildings, and equipment | $530,844 |
| Investments—publicly traded securities | $755,130 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,434,659 |
| Accounts payable and accrued expenses | $254,374 |
| Grants payable | $0 |
| Deferred revenue | $495,561 |
| 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 | $24,224 |
| Total liabilities | $774,159 |
| Net assets without donor restrictions | $1,646,842 |
| Net assets with donor restrictions | $13,658 |
| 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 | $2,434,659 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Independent Electrical Contractors Inc has recieved totaling $15,750.
| Awarding Organization | Amount |
|---|---|
Independent Electrical Contractors Foundation Monroeville, PA PURPOSE: EQUIPMENT FOR TRAINING CENTER LABS | $15,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Middle Georgia Electric Membership Corporation Vienna, GA | $60,693,839 | $19,174,900 |
Davidson Water Inc Welcome, NC | $156,115,966 | $18,462,382 |
Tombigbee Electric Cooperative Inc Hamilton, AL | $70,534,555 | $17,768,087 |
Upson Electric Membership Corporation Thomaston, GA | $38,150,316 | $15,452,555 |
Marshall-Dekalb Electric Cooperative Boaz, AL | $96,065,726 | $18,545,582 |
Destin Water Users Inc Destin, FL | $116,857,681 | $20,467,236 |
St Johns Water Company Inc Johns Island, SC | $62,033,929 | $16,064,888 |
Electric Cooperatives Of South Carolina Cayce, SC | $5,304,727 | $13,048,925 |
Holley Navarre Water System Navarre, FL | $73,632,093 | $12,282,279 |
Pace Water Systems Inc Pace, FL | $100,740,740 | $12,498,088 |
South Walton Utility Company Inc Miramar Beach, FL | $77,529,965 | $12,379,659 |
Chickasaw Electric Cooperative Inc Somerville, TN | $53,475,417 | $11,540,498 |