Independent Electrical Contractors Inc is located in Sioux Falls, SD. The organization was established in 1978. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. 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 $82.4k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $106.3k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Al Sutton Electric Director | 1 | $0 | |
Ks Industries Director | 1 | $0 | |
Strata Corporation Secretary/treasurer | 1 | $0 | |
Freeman's Electric Director | 1 | $0 | |
Bergstrom Electric Vice President | 1 | $0 | |
Jdp Electric Inc Director | 1 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $10,000 |
| Membership dues | $64,234 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $8,162 |
| Total Revenue | $82,396 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $28,803 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $39,153 |
| Total expenses | $106,297 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $239,812 |
| Other assets | $0 |
| Total assets | $280,756 |
| Total liabilities | $0 |
| Net assets or fund balances | $280,756 |