Neca-Ibew Electrical Training Trust
- Assets
- $14.9m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 51
- Location
- Portland, OR
- Founding
- 07/1965
- Data as of
- 12/2021
- EIN
- 93-0519925
Organization Overview
Neca-Ibew Electrical Training Trust is located in Portland, OR. The organization was established in 1965. 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, Neca-Ibew Electrical Training Trust employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neca-Ibew Electrical Training Trust 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, Neca-Ibew Electrical Training Trust generated $8.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $6.8m during the year ending 12/2021. While expenses have increased by 8.6% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT PROGRAMS FOR TRAINING AND EDUCATION OF ELECTRICAL APPRENTICES AND JOURNEYMEN THROUGH CONTRIBUTIONS BY ELECTRICAL INDUSTRY EMPLOYERS.
Describe the Organization's Program Activity:
PROVIDES TRAINING TO APPRENTICES AND PROVIDES CONTINUING PROFESSIONAL EDUCATION TO JOURNEYMEN ELECTRICIANS. IN 2021 1,135 JOURNEYMEN AND 1,212 APPRENTICES BENEFITED FROM THE TRAINING CENTERS PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rod Belisle Training Director | Officer | 42 | $161,689 |
Barry Moreland Safety Director | 40 | $137,936 | |
Laura Benedict Assistant Training Director | 40 | $134,298 | |
Jason Jenkins It Manager | 40 | $132,680 | |
Christopher Edwards Instructor | 40 | $129,181 | |
Mark Boyer Instructor | 40 | $124,627 |
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 | $8,033 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,033 |
| Total Program Service Revenue | $7,464,316 |
| Investment income | $530,403 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,966 |
| 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 | -$37,736 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,992,939 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $588,973 |
| 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 | $2,908,735 |
| Pension plan accruals and contributions | $765,016 |
| Other employee benefits | $436,264 |
| Payroll taxes | $264,396 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,106 |
| Fees for services: Accounting | $14,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $700 |
| Office expenses | $123,332 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $210,623 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,781 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $370,967 |
| Insurance | $43,848 |
| All other expenses | $87,796 |
| Total functional expenses | $6,782,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200,817 |
| Savings and temporary cash investments | $388,108 |
| 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 | $7,295,652 |
| Investments—publicly traded securities | $6,908,493 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $123,801 |
| Total assets | $14,916,871 |
| Accounts payable and accrued expenses | $13,490 |
| 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 | $13,490 |
| Net assets without donor restrictions | $14,894,727 |
| Net assets with donor restrictions | $8,654 |
| 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 | $14,916,871 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Neca-Ibew Electrical Training Trust has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
International Brotherhood Of Electrical Workers Portland, OR PURPOSE: CONTRIBUTION | $10,000 |
International Brotherhood Of Electrical Workers Portland, OR PURPOSE: CONTRIBUTION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Nevada Culinary And Bartenders Training Fund A Trust North Las Vegas, NV | $6,674,284 | $16,437,102 |
J M Perry Institute Of Trades Industries & Agriculture Yakima, WA | $56,509,979 | $22,461,419 |
Seiu 775 Benefits Group Seattle, WA | $6,479,287 | $14,865,996 |
National Test Pilot School Mojave, CA | $24,506,329 | $10,175,597 |
District Council 16 Northern California & Apprentice Training San Leandro, CA | $28,313,624 | $15,228,971 |
Puget Sound Electrical Apprenticeship And Training Trust Renton, WA | $19,899,360 | $9,666,420 |
Seiu 503 Training Partnership Portland, OR | $26,268,019 | $3,868,415 |
Las Best Los Angeles, CA | $11,946,723 | $9,062,975 |
Ada Developers Academy Seattle, WA | $17,753,765 | $21,495,090 |
Codepath Org San Francisco, CA | $6,941,504 | $9,162,565 |
Neca-Ibew Electrical Training Trust Portland, OR | $14,916,871 | $7,992,939 |
Quest Scholars Program Palo Alto, CA | $18,833,898 | $9,171,706 |