Sacramento Electrical Construction Industry Labor-Management Coop
- Assets
- $23.9m
- Revenue
- $15.7m
- Investments
- $0.0
- Employees
- 2
- Location
- Sacramento, CA
- Founding
- 04/2007
- Data as of
- 05/2023
- EIN
- 68-6052645
Organization Overview
Sacramento Electrical Construction Industry Labor-Management Coop is located in Sacramento, CA. The organization was established in 2007. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 05/2023, Sacramento Electrical Construction Industry Labor-Management Coop employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sacramento Electrical Construction Industry Labor-Management Coop is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 05/2023, Sacramento Electrical Construction Industry Labor-Management Coop generated $15.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $14.0m during the year ending 05/2023. While expenses have increased by 22.8% 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 REPRESENT PROMOTE & ENHANCE THE MANAGEMENT INTEREST OF IT'S ELECTRICAL CONTRACTOR MBRS THROUGH LABOR RELATIONS,EDUCATION, MANAGEMENT SKILLS IMPROVEMENT,APPRENTICE & JOURNEYMAN TRAINING, MARKETING, SERVICE, PUBLIC RELATIONS,
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SACRAMENTO BUSINESS DEVELOPMENT FUND WORKS TO PROVIDE WORKERS AND EMPLOYERS OPPORTUNITIES TO EXPLORE NEW APPROACHES TO ACHIEVE ORGANIZATIONAL EFFECTIVENESS, STUDY WAYS OF ELIMINATING POTENTIAL PROBLEMS WHICH REDUCE THE COMPETITIVENESS AND INHIBIT THE ECONOMIC DEVELOPMENT OF THE ELECTRICAL CONSTRUCTION INDUSTRY AND SPONSOR PROGRAMS WHICH IMPROVE JOB SECURITY AND PROMOTE THE GENERAL WELFARE OF THE COMMUNITY AND INDUSTRY.
THE SACRAMENTO LMCT PROMOTES AND ENHANCES THE MANAGEMENT INTEREST OF IT'S ELECTRICAL CONTRACTOR MEMBERS BY PROVIDING MULTIPLE SERVICES INCLUDING BUT NOT LIMITED TO EDUCATION, LABOR RELATIONS, MANAGEMENT SKILLS AND TRAINING TO IT'S MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Coleman Compliance Officer | 40 | $95,596 | |
Tamara Raeny Office Admin | 40 | $78,364 | |
Fran Mcdermott Chairman | OfficerTrustee | 2 | $0 |
Robert Ward Trustee | Trustee | 1 | $0 |
Frank Schetter Trustee | Trustee | 1 | $0 |
Kevin Gini Trustee | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $15,348,473 |
| Investment income | $259,472 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $74,595 |
| Net Income from Fundraising Events | $42,733 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,725,273 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $163,961 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $56,556 |
| Compensation of current officers, directors, key employees. | $95,596 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $78,364 |
| Pension plan accruals and contributions | $37,130 |
| Other employee benefits | $40,160 |
| Payroll taxes | $14,176 |
| Fees for services: Management | $154,500 |
| Fees for services: Legal | $1,622 |
| Fees for services: Accounting | $10,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,000 |
| Advertising and promotion | $145,083 |
| Office expenses | $6,761 |
| Information technology | $66,168 |
| Royalties | $0 |
| Occupancy | $11,460 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,275 |
| Interest | $0 |
| Payments to affiliates | $339,278 |
| Depreciation, depletion, and amortization | $47,224 |
| Insurance | $7,117 |
| All other expenses | $4,080 |
| Total functional expenses | $13,970,748 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,514,980 |
| 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 | $0 |
| Net Land, buildings, and equipment | $35,119 |
| Investments—publicly traded securities | $20,371,302 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $319 |
| Total assets | $23,921,720 |
| Accounts payable and accrued expenses | $84 |
| 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 | $0 |
| Total liabilities | $84 |
| Net assets without donor restrictions | $23,921,636 |
| 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 | $23,921,720 |