Independent Electrical Contractors Inc
- Assets
- $199.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Amarillo, TX
- Founding
- 11/2004
- Data as of
- 12/2022
- EIN
- 75-2743603
Organization Overview
Independent Electrical Contractors Inc is located in Amarillo, TX. The organization was established in 2004. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Independent Electrical Contractors Inc employed 2 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 12/2022, Independent Electrical Contractors Inc generated $159.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $539.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE TRAINING SCHOOL PROGRAM FOR ELECTRICAL APPRENTICES AND MANAGEMENT TRAINING FOR ELECTRICAL CONTRACTORS
Describe the Organization's Program Activity:
Part 3
PROVIDED TRAINING SCHOOL PROGRAM IN THE ELECTRICAL CONSTRUCTION INDUSTRY FOR ELECTRICAL CONTRACTORS, PRACTICED SAFE WORKING PRACICES AND PROVIDED EQUAL OPPORTUNITY TO WOMEN AND MINORITIES IN THE ELECTRICAL CONSTRUCTION INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Honea President | 1.5 | $0 | |
Jerimiah Montgomery Vice Preside | 1 | $0 | |
Chris Sugar Secretary/tr | 1 | $0 | |
Ben Archer Director | 0.5 | $0 | |
Tony Musick Director | 0.5 | $0 | |
Jonathan Plumley Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,546 |
| Total Program Service Revenue | $72,502 |
| Membership dues | $0 |
| Investment income | $2,135 |
| Gain or Loss | $300 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $159,483 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $53,816 |
| Professional fees and other payments to independent contractors | $57,005 |
| Occupancy, rent, utilities, and maintenance | $16,010 |
| Printing, publications, postage, and shipping | $182 |
| Other expenses | $25,957 |
| Total expenses | $539,143 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $122,451 |
| Other assets | $0 |
| Total assets | $199,437 |
| Total liabilities | $3,386 |
| Net assets or fund balances | $196,051 |
Grants Awarded
Over the last fiscal year, Independent Electrical Contractors Inc has awarded $19,509 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
IEC NATIONAL PURPOSE: NATIONAL DUES | $10,792 |
IEC OF TEXAS PURPOSE: STATE DUES | $8,717 |