Southeastern Michigan Chapter Neca Inc
- Assets
- $10.5m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 5
- Location
- Troy, MI
- Founding
- 06/1965
- Data as of
- 06/2022
- EIN
- 38-6095109
Organization Overview
Southeastern Michigan Chapter Neca Inc is located in Troy, MI. The organization was established in 1965. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Southeastern Michigan Chapter Neca Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southeastern Michigan Chapter Neca 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 06/2022, Southeastern Michigan Chapter Neca Inc generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $2.8m during the year ending 06/2022. While expenses have increased by 5.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION REPRESENTS ELECTRICAL CONTRACTORS, PROMOTES SOUND LABOR RELATIONS, AND OFFERS FURTHER TRAINING FOR THEIR BENEFIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION REPRESENTED, PROMOTED AND EDUCATED 47 MEMBER CONTRACTORS TO FURTHER THEIR INTERESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Mittelbrun Secretary/ex | Officer | 40 | $288,900 |
Jason Head Ass't Mgr | 40 | $121,473 | |
Wm Darish Nat'l Govern | OfficerTrustee | $0 | |
John Fulgenzi Vice Preside | OfficerTrustee | $0 | |
John Munro Treasurer | OfficerTrustee | $0 | |
Benjamin Rosenberg President | OfficerTrustee | $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 | $2,754,523 |
| Investment income | $652,854 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $680,128 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,087,505 |
| 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. | $288,900 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $284,589 |
| Pension plan accruals and contributions | $94,134 |
| Other employee benefits | $75,254 |
| Payroll taxes | $35,324 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,918 |
| Fees for services: Accounting | $16,951 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,911 |
| Advertising and promotion | $361,075 |
| Office expenses | $50,502 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $115,965 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $396,780 |
| Interest | $0 |
| Payments to affiliates | $234,312 |
| Depreciation, depletion, and amortization | $66,615 |
| Insurance | $4,270 |
| All other expenses | $31,803 |
| Total functional expenses | $2,788,547 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $482,923 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $134,608 |
| 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 | $54,686 |
| Net Land, buildings, and equipment | $2,262,735 |
| Investments—publicly traded securities | $7,518,859 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,453,811 |
| Accounts payable and accrued expenses | $16,342 |
| 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 | $16,342 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $9,507 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $10,427,962 |
| Total liabilities and net assets/fund balances | $10,453,811 |
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