Independent Electrical Contractors Inc
- Assets
- $1.9m
- Revenue
- $952.7k
- Investments
- $0.0
- Employees
- 14
- Location
- Rocky Hill, CT
- Founding
- 11/1971
- Data as of
- 09/2023
- EIN
- 23-7121437
Organization Overview
Independent Electrical Contractors Inc is located in Rocky Hill, CT. The organization was established in 1971. 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 09/2023, Independent Electrical Contractors Inc employed 14 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 09/2023, Independent Electrical Contractors Inc generated $952.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $912.8k during the year ending 09/2023. While expenses have increased by 4.0% per year over the past 8 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
TO ADVANCE THE INTERESTS OF THE INDEPENDENT ELECTRICAL CONTRACTOR
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS - MEMBER SERVICES: EDUCATIONAL MEETINGS, CONFERENCES, AND TECHNICAL SUPPORT FOR MEMBERS.
APPRENTICESHIP TRAINING PROGRAM: ADMINISTRATION OF APPRENTICE AND TRAINING PROGRAM TO ENABLE CANDIDATES TO OBTAIN STATE OF CONNECTICUT ELECTRICIAN'S LICENSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rich Bird President | OfficerTrustee | 5 | $0 |
Laurence Valleres Vice Preside | OfficerTrustee | 5 | $0 |
Phil Nizzardo Treasurer | OfficerTrustee | 1 | $0 |
Jason Jacaruso Secretary | OfficerTrustee | 1 | $0 |
Terry Berube Director | Trustee | 1 | $0 |
Joe Fontana Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $23,490 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,990 |
| Total Program Service Revenue | $905,198 |
| Investment income | $46 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,390 |
| Net Income from Fundraising Events | $3,685 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $952,712 |
| 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 | $297,579 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,322 |
| Payroll taxes | $32,661 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,623 |
| Fees for services: Accounting | $8,000 |
| Fees for services: Lobbying | $20,916 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $913 |
| Office expenses | $49,090 |
| Information technology | $14,752 |
| Royalties | $0 |
| Occupancy | $213,526 |
| Travel | $1,816 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,901 |
| Interest | $0 |
| Payments to affiliates | $66,840 |
| Depreciation, depletion, and amortization | $18,605 |
| Insurance | $13,004 |
| All other expenses | $71 |
| Total functional expenses | $912,802 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $401,380 |
| Savings and temporary cash investments | $174,318 |
| 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 | $102,021 |
| Net Land, buildings, and equipment | $441,564 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $800,335 |
| Total assets | $1,919,618 |
| Accounts payable and accrued expenses | $22,737 |
| Grants payable | $0 |
| Deferred revenue | $546,398 |
| 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 | $797,174 |
| Total liabilities | $1,366,309 |
| Net assets without donor restrictions | $553,309 |
| 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 | $1,919,618 |