Utility Contractors Association Of New England Inc
- Assets
- $2.7m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 7
- Location
- Quincy, MA
- Founding
- 11/1977
- Data as of
- 12/2021
- EIN
- 04-2385721
Organization Overview
Utility Contractors Association Of New England Inc is located in Quincy, MA. The organization was established in 1977. 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 12/2021, Utility Contractors Association Of New England Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Utility Contractors Association Of New England 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 12/2021, Utility Contractors Association Of New England Inc generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 7 years. 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
EDUCATE MEMBERS/PROMOTE INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATE MEMBERS/PROMOTE THE INDUSTRY
EDUCATE MEMBERS/PROMOTE THE INDUSTRY THROUGH OUTLOOK PUBLICATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Mahoney Executive Di | Officer | 40 | $140,008 |
Marcella Albanese President | Officer | $0 | |
Chris Valenti Secretary | Officer | $0 | |
Ryan Mccourt President-El | Officer | $0 | |
Brian Cooney Treasurer | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $459,278 |
| 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 | $459,278 |
| Total Program Service Revenue | $658,249 |
| Investment income | $21,796 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,139,323 |
| 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. | $140,008 |
| Compensation of current officers, directors, key employees. | $28,002 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $310,572 |
| Pension plan accruals and contributions | $64,735 |
| Other employee benefits | $39,120 |
| Payroll taxes | $40,038 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,160 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $60,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $81,875 |
| Advertising and promotion | $2,947 |
| Office expenses | $34,884 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,628 |
| Travel | $2,939 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $97,024 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $314 |
| Insurance | $4,102 |
| All other expenses | $10,939 |
| Total functional expenses | $1,060,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $220,918 |
| Savings and temporary cash investments | $2,350,502 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $128,236 |
| 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 | $10,117 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,709,773 |
| Accounts payable and accrued expenses | $87,475 |
| Grants payable | $0 |
| Deferred revenue | $115,770 |
| 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 | $11,810 |
| Total liabilities | $215,055 |
| 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 | $2,494,718 |
| Total liabilities and net assets/fund balances | $2,709,773 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Utility Contractors Association Of New England Inc has recieved totaling $450.
| Awarding Organization | Amount |
|---|---|
Rodman Ford Sales Inc Charitable Trust Foxborough, MA PURPOSE: CHARITABLE | $450 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Steuben Rural Electric Cooperative Inc Bath, NY | $38,467,203 | $11,402,118 |
Griffiss Utility Services Corporation Rome, NY | $55,633,471 | $10,494,870 |
Otsego Electric Cooperative Inc Hartwick, NY | $49,068,805 | $10,412,060 |
Delaware County Electric Cooperative Inc Delhi, NY | $31,160,673 | $9,563,968 |
Washington Electric Co-Operative Inc East Montpelier, VT | $65,071,467 | $7,723,306 |
Citizens Energy Corp Boston, MA | $91,449,217 | $4,368,479 |
Oneida-Madison Electric Cooperative Inc Bouckville, NY | $7,515,717 | $2,856,346 |
Boston Community Access & Programming Foundation Inc Roxbury, MA | $7,302,849 | $3,314,790 |
Northeast Public Power Association Littleton, MA | $3,141,643 | $2,606,605 |
South Central Connecticut Regional Water Authority Retired Employees New Haven, CT | $9,882,631 | $2,331,920 |
Independent Power Producers Of New York Inc Albany, NY | $2,361,660 | $1,877,380 |
New England Power Generators Association Inc Westborough, MA | $833,586 | $1,566,455 |