Independent Electrical Contractors Inc
- Assets
- $872.7k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 21
- Location
- Louisville, KY
- Founding
- 10/1985
- Data as of
- 06/2022
- EIN
- 61-1069341
Organization Overview
Independent Electrical Contractors Inc is located in Louisville, KY. The organization was established in 1985. 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 21 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 $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $1.2m during the year ending 06/2022. While expenses have increased by 7.9% per year over the past 8 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
ECONOMIC WELFARE AND BUSINESS INTERESTS OF INDEPENDENT ELECTRICAL CONTRACTORS IN THE COMMONWEALTH OF KENTUCKY AND SOUTHERN INDIANA; THE DISTRIBUTION OF INFORMATION FOR THEIR COMMON BENEFIT; THE ENCOURAGEMENT OF FAIR AND EQUITABLE BUSINESS PRACTICES;
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELECTRICAL APPRENTICESHIP PROGRAM - PROVIDES CLASSROOM INSTRUCTION TOWARDS ACHIEVEMENT OF A JOURNEYMAN ELECTRICIAN'S LICENSE. ENROLLMENT FOR THE SCHOOL YEAR WAS 293 STUDENTS.
MEMBER EDUCATION SERVICES AND SAFETY PROGRAM - PROVIDES SEMINARS / FORUMS FOR ASSOCIATION MEMBERS AND THEIR EMPLOYEES IN ORDER TO FULFILL CONTINUING EDUCATION REQUIREMENTS OF STATE AND LOCAL LICENSING BOARDS. APPROXIMATELY 150 CREDIT HOURS WERE EARNED DURING THE YEAR. THE SAFETY PROGRAM PROVIDES CONSULTING AND ON-SITE INSPECTIONS FOR ASSOCIATION MEMBERS' WORKPLACES AND JOB SITES FOR OSHA COMPLIANCE. ALSO PROVIDES TRAINING IN FIRST AID AND CPR. MORE THAN 85 INDIVIDUAL SESSIONS IN GENERAL SAFETY TRAINING WERE GIVEN AND OVER 118 JOB SITE INSPECTIONS WERE MADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel V Endris Executive Director | Officer | 40 | $64,013 |
Erin Pretorious Executive Director | Officer | 40 | $63,416 |
Kent Mclemore Director / Secretary | OfficerTrustee | 0 | $0 |
Pat Abrams Director | Trustee | 0 | $0 |
Todd Sorrell Director | Trustee | 0 | $0 |
Bruce Stansbury Treasurer | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $149,418 |
| Investment income | $55 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,726,443 |
| Statement of Expenses | |
|---|---|
| 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. | $92,271 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $280,213 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $51,200 |
| Payroll taxes | $29,505 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,500 |
| Fees for services: Accounting | $9,315 |
| Fees for services: Lobbying | $4,250 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,292 |
| Advertising and promotion | $3,391 |
| Office expenses | $72,034 |
| Information technology | $6,816 |
| Royalties | $0 |
| Occupancy | $213,809 |
| Travel | $43,013 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $770 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,696 |
| Insurance | $14,027 |
| All other expenses | $0 |
| Total functional expenses | $1,175,926 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,001 |
| Savings and temporary cash investments | $75,879 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $626,040 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $872,675 |
| Accounts payable and accrued expenses | $63,629 |
| 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 | $63,629 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $809,046 |