Independent Electrical Contractors Inc
- Assets
- $1.0m
- Revenue
- $811.7k
- Investments
- $0.0
- Employees
- 17
- Location
- Chesterfield, MO
- Founding
- 10/1996
- Data as of
- 06/2022
- EIN
- 43-1526987
Organization Overview
Independent Electrical Contractors Inc is located in Chesterfield, MO. The organization was established in 1996. 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 06/2022, Independent Electrical Contractors Inc employed 17 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 06/2022, Independent Electrical Contractors Inc generated $811.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $819.0k during the year ending 06/2022. While expenses have increased by 8.5% 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
PROMOTION OF THE COMMON BUSINESS INTERESTS OF THE ELECTRICAL CONSTRUCTION INDUSTRY AND THE EDUCATION OF ELECTRICAL TRADESMEN IN THE ST LOUIS, MISSOURI, AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVANCEMENT THROUGH INFORMATION SHARING AND EDUCATION OF THE INDEPENDENT ELECTRICAL CONTRATORS OF THE ST. LOUIS, MISSOURI, AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Pallardy Treasurer | OfficerTrustee | 2 | $0 |
Zac Lorraine Vice President | OfficerTrustee | 2 | $0 |
Mark Harston Secretary | OfficerTrustee | 2 | $0 |
Chris Hunter Vice President | OfficerTrustee | 2 | $0 |
Joe Polizzi Vice President | OfficerTrustee | 2 | $0 |
Eric Wolff President | OfficerTrustee | 2 | $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 | $781,890 |
| Investment income | $17,067 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $12,778 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $811,735 |
| 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 | $286,840 |
| Pension plan accruals and contributions | $3,860 |
| Other employee benefits | $40,764 |
| Payroll taxes | $23,400 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,822 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $25,824 |
| Office expenses | $11,367 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $112,731 |
| Travel | $11,392 |
| 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 | $17,787 |
| Insurance | $15,524 |
| All other expenses | $75,410 |
| Total functional expenses | $818,973 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $249,676 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $229,720 |
| 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 | $522,213 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,500 |
| Total assets | $1,012,109 |
| Accounts payable and accrued expenses | $17,118 |
| 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 | $17,118 |
| Net assets without donor restrictions | $994,991 |
| 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 | $1,012,109 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Independent Electrical Contractors Inc has recieved totaling $9,350.
| Awarding Organization | Amount |
|---|---|
Independent Electrical Contractors Foundation Monroeville, PA PURPOSE: EQUIPMENT FOR TRAINING CENTER LABS | $9,350 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gibson Electric Membership Corp Trenton, TN | $199,281,246 | $104,510,085 |
Holston Electric Cooperative Inc Rogersville, TN | $140,432,181 | $97,958,544 |
Northwest Iowa Power Cooperative Le Mars, IA | $209,144,882 | $97,805,529 |
Sequachee Valley Electric Cooperative South Pittsburg, TN | $165,775,520 | $105,669,415 |
Pioneer Electric Cooperative Inc Ulysses, KS | $284,468,248 | $104,061,245 |
Northeast Missouri Electric Power Cooperative Palmyra, MO | $173,630,221 | $92,260,519 |
West Kentucky Rural Electric Cooperative Corporation Mayfield, KY | $175,044,197 | $94,020,746 |
Prairie Land Electric Cooperative Inc Norton, KS | $193,607,034 | $87,385,850 |
Southeastern Illinois Electric Carrier Mills, IL | $211,832,578 | $85,978,289 |
Craighead Electric Cooperative Corporation Jonesboro, AR | $310,856,675 | $82,491,659 |
Victory Electric Cooperative Association Inc Dodge City, KS | $181,839,680 | $85,802,968 |
Northeast Oklahoma Electric Cooperative Inc Vinita, OK | $249,522,381 | $85,761,419 |