Independent Electrical Contractors Inc
- Assets
- $945.7k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 22
- Location
- Colorado Springs, CO
- Founding
- 05/2000
- Data as of
- 12/2021
- EIN
- 84-1437348
Organization Overview
Independent Electrical Contractors Inc is located in Colorado Springs, CO. The organization was established in 2000. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 12/2021, Independent Electrical Contractors Inc employed 22 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)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Independent Electrical Contractors Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 14.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
APPRENTICESHIP TRAINING AND EDUCATION FOR ELECTRICIANS IN SOUTHERN COLORADO
Describe the Organization's Program Activity:
Part 3 - Line 4a
APPRENTICESHIP TRAINING AND EDUCATION FOR ELECTRICIANS IN SOUTHERN COLORADO.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,384 |
| Related organizations | $20,910 |
| 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 | $24,294 |
| Total Program Service Revenue | $845,935 |
| Investment income | $548 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $390,152 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,262,960 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,560 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $887 |
| 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 | $225,907 |
| Pension plan accruals and contributions | $2,075 |
| Other employee benefits | $0 |
| Payroll taxes | $19,709 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $850 |
| Office expenses | $51,270 |
| Information technology | $3,481 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $21,720 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,211 |
| Interest | $22,991 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,117 |
| Insurance | $12,564 |
| All other expenses | $726,201 |
| Total functional expenses | $1,164,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $176,828 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$3,347 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $107 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $772,102 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $945,690 |
| Accounts payable and accrued expenses | $477,880 |
| Grants payable | $3,764 |
| 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 | $7,076 |
| Total liabilities | $488,720 |
| Net assets without donor restrictions | $0 |
| 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 | $456,970 |
| Total liabilities and net assets/fund balances | $945,690 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Independent Electrical Contractors Inc has recieved totaling $16,326.
| Awarding Organization | Amount |
|---|---|
Independent Electrical Contractors Foundation Monroeville, PA PURPOSE: EQUIPMENT FOR TRAINING CENTER LABS | $16,326 |
Peer Organizations
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|---|---|---|
E-Institute Charter School Inc Glendale, AZ | $5,349,223 | $5,255,212 |
Calibre Academy Inc Glendale, AZ | $11,926,641 | $5,251,509 |
National Tactical Officers Association Colorado Springs, CO | $2,706,085 | $5,194,177 |
Local 798 Training Center Tulsa, OK | $15,089,944 | $2,364,355 |
Phoenix Advantage Charter School Inc Phoenix, AZ | $6,755,365 | $3,116,244 |
Phoenix Electrical Joint Apprentice Phoenix Electrical Jatc Phoenix, AZ | $4,412,540 | $2,803,769 |
Park City Education Foundation Park City, UT | $4,266,324 | $3,020,794 |
New Mexico Pipe Trades Joint Apprenticeship Fund Albuquerque, NM | $5,396,358 | $2,206,148 |
Big Brothers-Big Sisters Of Utah Inc Salt Lake City, UT | $1,937,672 | $2,352,525 |
Cosanti Foundation Mayer, AZ | $6,295,849 | $1,833,941 |
Rolf Institute Boulder, CO | $848,027 | $1,976,824 |
Independent Electrical Contractors Inc Colorado Springs, CO | $945,690 | $1,262,960 |