Independent Electrical Contractors Inc
- Assets
- $2.6m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 45
- Location
- Atlanta, GA
- Founding
- 12/1965
- Data as of
- 06/2023
- 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 06/2023, Independent Electrical Contractors Inc employed 45 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 06/2023, Independent Electrical Contractors Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $1.9m during the year ending 06/2023. While expenses have increased by 9.0% 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
2023
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Niel Dawson Executive Dir. | Officer | 40 | $210,898 |
Darren Lodge President | OfficerTrustee | 1 | $0 |
Nick Young Vice President | OfficerTrustee | 1 | $0 |
Jimmy Nall VP Of Partners | OfficerTrustee | 1 | $0 |
Greg Holloway Secretary/treas | OfficerTrustee | 1 | $0 |
Steve Askea Past President | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $532,440 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,948 |
| All other contributions, gifts, grants, and similar amounts not included above | $69,589 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $607,977 |
| Total Program Service Revenue | $1,077,599 |
| Investment income | $37,791 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,129 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $112,229 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,939,038 |
| 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. | $216,940 |
| Compensation of current officers, directors, key employees. | $108,470 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $816,418 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $48,621 |
| Payroll taxes | $105,182 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,500 |
| Fees for services: Lobbying | $19,400 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $122,205 |
| Advertising and promotion | $45,044 |
| Office expenses | $31,196 |
| Information technology | $13,356 |
| Royalties | $0 |
| Occupancy | $73,994 |
| Travel | $29,634 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $120,359 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62,118 |
| Insurance | $31,999 |
| All other expenses | $0 |
| Total functional expenses | $1,855,395 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $675,147 |
| Savings and temporary cash investments | $187,315 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $180,340 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $24,917 |
| Inventories for sale or use | $151,463 |
| Prepaid expenses and deferred charges | $34,096 |
| Net Land, buildings, and equipment | $473,533 |
| Investments—publicly traded securities | $887,193 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,614,004 |
| Accounts payable and accrued expenses | $184,723 |
| Grants payable | $0 |
| Deferred revenue | $556,895 |
| 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 | $93,248 |
| Total liabilities | $834,866 |
| Net assets without donor restrictions | $1,736,630 |
| Net assets with donor restrictions | $42,508 |
| 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 | $2,614,004 |