North Central Electrical League Inc is located in Bloomington, MN. The organization was established in 1944. 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, North Central Electrical League Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Central Electrical League 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, North Central Electrical League Inc generated $607.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $400.3k during the year ending 12/2021. 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
TRADE ASSOCIATION ORGANIZED FOR EDUCATION AND PROMOTION OF THE ELECTRICAL INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELECTRICAL TRADE SHOW AND MEETINGS USED TO UPDATE AND EDUCATE MEMBERSHIP ON ADVANCES IN THE INDUSTRY AND PROMOTE THE INDUSTRY.
SCHOLARSHIPS PROVIDED TO COLLEGE STUDENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Abby Andvik Secretary | OfficerTrustee | 40 | $76,634 |
Shane Kerska Treasurer | OfficerTrustee | 0 | $0 |
Tom Quinn Chair | OfficerTrustee | 0 | $0 |
Jeff Starkman Vice Chair | OfficerTrustee | 0 | $0 |
Andy Giefer Director | Trustee | 0 | $0 |
Seaen Kosmides Director | Trustee | 0 | $0 |
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 | $533,778 |
Investment income | $8,012 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $65,870 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $607,660 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $32,565 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $86,999 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $113,666 |
Pension plan accruals and contributions | $20,410 |
Other employee benefits | $28,131 |
Payroll taxes | $17,181 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $2,431 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $3,776 |
Information technology | $9,104 |
Royalties | $0 |
Occupancy | $31,890 |
Travel | $1,361 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $13,793 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $573 |
Insurance | $1,127 |
All other expenses | $991 |
Total functional expenses | $400,298 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $44,225 |
Savings and temporary cash investments | $287,080 |
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 | $3,167 |
Investments—publicly traded securities | $459,960 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $794,432 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $11,425 |
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 | $11,425 |
Net assets without donor restrictions | $783,007 |
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 | $794,432 |
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Minnesota Valley Electric Cooperative Jordan, MN | $225,562,606 | $97,633,848 |
Sioux Valley-Southwestern Electric Cooperative Inc Colman, SD | $299,619,509 | $95,033,427 |
Lake Country Power Cohasset, MN | $343,138,601 | $92,478,659 |
Crow Wing Cooperative Power & Light Company Brainerd, MN | $238,884,299 | $79,431,443 |
Roughrider Electric Cooperative Inc Hazen, ND | $306,147,341 | $78,571,891 |
Mienergy Cooperative Rushford, MN | $203,461,309 | $76,660,548 |
Adams-Columbia Electric Co-Op Friendship, WI | $247,246,792 | $77,428,375 |
Stearns Cooperative Electric Association Melrose, MN | $153,957,017 | $65,381,947 |
Iowa Lakes Electric Cooperative Estherville, IA | $166,721,612 | $65,953,608 |
Rock County Electric Cooperative Association Janesville, WI | $121,187,989 | $61,122,456 |
Eastern Iowa Light And Power Cooperative Wilton, IA | $187,914,668 | $62,410,526 |