Associated Electrical Contractors Of Central Ohio
- Assets
- $3.9m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 39
- Location
- Columbus, OH
- Founding
- 02/1975
- Data as of
- 06/2024
- EIN
- 23-7399281
Organization Overview
Associated Electrical Contractors Of Central Ohio is located in Columbus, OH. The organization was established in 1975. 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 06/2024, Associated Electrical Contractors Of Central Ohio employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Associated Electrical Contractors Of Central Ohio 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 06/2024, Associated Electrical Contractors Of Central Ohio generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $1.8m during the year ending 06/2024. While expenses have increased by 16.3% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE FUTURE ELECTRICIANS. TO KEEP MEMBERS INFORMED OF FEDERAL, STATE & CITY LICENSING AND CODES. TO MONITOR ANY AND ALL LAW CHANGES THAT HAVE AN EFFECT ON THE ELECTRIC INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO EDUCATE FUTURE ELECTRICIANS IN AN APPRENTICESHIP PROGRAM SANCTIONED BY THE FEDERAL GOVERNMENT AND UNDER THE GUIDELINES OF THE FEDERAL GOVERNMENT APPRENTICESHIP PROGRAM.
TO COMMUNICATE THE ITEMS ABOVE TO OUR MEMBERS AND FACILIATE THE IMPLEMENTATION OF CHANGES AS REQUIRED.
TO KEEP THE MEMBERS INFORMED OF ANY FEDERAL, STATE, OR CITY LICENSING PROCEDURES AND CODE CHANGES THAT MAY OCCUR WHICH HAVE A DIRECT EFFECT ON THE ELECTRICAL INDUSTRY.
TO MONITOR ANY AND ALL CHANGES THAT MAY HAVE A DIRECT IMPACT ON THE ELECTRICAL INDUSTRY AS APPLICABLE TO FEDERAL, STATE AND LOCAL MUNICIPALITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Laws President | OfficerTrustee | 2 | $0 |
Dan Denier Director | Trustee | 2 | $0 |
Jon Howard Director | Trustee | 2 | $0 |
Mark Muter Director | Trustee | 2 | $0 |
Robert Powelson Past Preside | Trustee | 2 | $0 |
Doug Galiardi Past Preside | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $266,483 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $277,483 |
| Total Program Service Revenue | $1,875,484 |
| Investment income | $22,256 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $54,454 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,381,147 |
| 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. | $101,961 |
| Compensation of current officers, directors, key employees. | $50,981 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $564,356 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $48,068 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $68,648 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $133,741 |
| Office expenses | $40,586 |
| Information technology | $51,914 |
| Royalties | $0 |
| Occupancy | $32,235 |
| Travel | $21,537 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,399 |
| Interest | $49,134 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $69,227 |
| Insurance | $8,764 |
| All other expenses | $99,509 |
| Total functional expenses | $1,784,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $319,931 |
| Savings and temporary cash investments | $900,536 |
| 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 | $2,656,004 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,876,471 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,068,700 |
| Other liabilities | $34,109 |
| Total liabilities | $1,102,809 |
| Net assets without donor restrictions | $2,773,662 |
| 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 | $3,876,471 |