Independent Electrical Contractors Inc
- Assets
- $839.4k
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 21
- Location
- Houston, TX
- Founding
- 03/1985
- Data as of
- 08/2021
- EIN
- 74-1503969
Organization Overview
Independent Electrical Contractors Inc is located in Houston, TX. The organization was established in 1985. 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 08/2021, Independent Electrical Contractors Inc employed 21 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 08/2021, Independent Electrical Contractors Inc generated $2.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $2.7m during the year ending 08/2021. While expenses have increased by 1.8% per year over the past 6 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 SUPPORT A PROGRAM OF CONTINUING EDUCATION FOR APPRENTICE, JOURNEYMEN AND MASTER ELECTRICIANS, TO ENCOURAGE HIGH STANDARDS OF PROFESSIONAL CONDUCT FOR ELECTRICIANS, AND TO PROMOTE A SAFE WORK ENVIRONMENT THROUGH BOTH TRAINING AND CHAPTER FUNCTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING APPRENTICE, JOURNEYMAN, & MASTER ELECTRICIANS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Helene Webster Executive Director | 40 | $150,000 | |
Jonathan Mcdonald 2nd Vice President | OfficerTrustee | 1 | $0 |
Ryan Colwell Secretary/treasurer | OfficerTrustee | 1 | $0 |
Mark Boyer President | OfficerTrustee | 1 | $0 |
Charlie Pfeiffer 1st Vice President | OfficerTrustee | 1 | $0 |
Tommy Skaff Board Position #2 | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $312,500 |
| 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 | $312,500 |
| Total Program Service Revenue | $2,512,861 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,950 |
| Net Income from Fundraising Events | -$23,359 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,819,952 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $723,172 |
| Pension plan accruals and contributions | $30,497 |
| Other employee benefits | $76,574 |
| Payroll taxes | $55,319 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $69,949 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $179,364 |
| Office expenses | $9,986 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $96,599 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,280 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $103,243 |
| Insurance | $194,242 |
| All other expenses | $527,738 |
| Total functional expenses | $2,684,884 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $215,365 |
| Savings and temporary cash investments | $6,685 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $251,415 |
| 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 | $26,408 |
| Net Land, buildings, and equipment | $337,137 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,435 |
| Total assets | $839,445 |
| Accounts payable and accrued expenses | $18,532 |
| Grants payable | $0 |
| Deferred revenue | $606,037 |
| 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 | $106,153 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $76,615 |
| Total liabilities | $807,337 |
| Net assets without donor restrictions | $32,108 |
| 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 | $839,445 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Independent Electrical Contractors Inc has recieved totaling $750.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: TUITION SCHOLARSHIP PROGRAM | | $750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Aqua Water Supply Corporation Bastrop, TX | $136,381,619 | $28,670,097 |
Roosevelt County Electric Cooperative Incorporated Portales, NM | $65,511,753 | $18,141,245 |
City Corporation Russellville, AR | $192,508,552 | $18,660,828 |
Columbus Electric Cooperative Inc Deming, NM | $51,291,020 | $15,018,624 |
Texas Reliability Entity Inc Austin, TX | $5,509,609 | $14,208,096 |
Coleman County Electric Cooperative Inc Coleman, TX | $33,830,324 | $14,379,363 |
Fort Belknap Electric Cooperative Inc Olney, TX | $40,346,904 | $13,174,182 |
Mora-San Miguel Electric Cooperative Inc Mora, NM | $28,478,652 | $12,852,709 |
Ashley-Chicot Electric Cooperative Inc Hamburg, AR | $39,523,502 | $11,933,884 |
J-A-C Electric Cooperative Inc Henrietta, TX | $27,594,358 | $11,304,543 |
Sharyland Water Supply Corporation Alton, TX | $110,187,216 | $13,299,506 |
Farmers Electric Cooperative Corporation Newport, AR | $38,614,201 | $11,561,082 |