Ibew Neca Powering Rochester
- Assets
- $755.9k
- Revenue
- $289.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Rochester, NY
- Founding
- 05/2000
- Data as of
- 12/2023
- EIN
- 16-6495630
Organization Overview
Ibew Neca Powering Rochester is located in Rochester, NY. The organization was established in 2000. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ibew Neca Powering Rochester is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2023, Ibew Neca Powering Rochester generated $289.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $180.2k during the year ending 12/2023. While expenses have increased by 4.5% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CONTRIBUTIONS ARE RECEIVED FROM ELECTRICAL CONTRACTORS INTO THE FUND AND USED TO PROMOTE THE ELECTRICAL INDUSTRY BY IMPROVING JOB OPPORTUNITIES, LABOR-MANAGEMENT RELATIONS AND KNOWLEDGE OF THE PUBLIC ABOUT THE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE THE ELECTRICAL INDUSTRY THROUGH ADVERTISING AND SCHOLARSHIPS. IMPROVE PUBLIC KNOWLEDGE CONCERNING THE INDUSTRY. IMPROVE MEMBERSHIP KNOWLEDGE FOR MEMBERS OF IBEW/NECA POWERING ROCHESTER.
INDUSTRY ADVERTISING & PROMOTION
CONTRIBUTIONS TO LOCAL NOT FOR PROFITS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Hartman Trustee | Trustee | 1 | $0 |
Todd Krenzer Trustee | Trustee | 1 | $0 |
Raymond Ryerse Trustee | Trustee | 1 | $0 |
Timothy Longbine Trustee | Trustee | 1 | $0 |
Michael Conover Trustee | Trustee | 1 | $0 |
Thomas W Parkes Trustee | Trustee | 1 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $278,025 |
| Investment income | $11,024 |
| 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 | $289,049 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $27,796 |
| Office expenses | $289 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $191 |
| All other expenses | $0 |
| Total functional expenses | $180,199 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $660,210 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,900 |
| 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 | $0 |
| Investments—publicly traded securities | $72,825 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $755,935 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $6,460 |
| 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 | $6,460 |
| Net assets without donor restrictions | $749,475 |
| 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 | $755,935 |