Independent Electrical Contractors Inc
- Assets
- $3.2m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 22
- Location
- Arlington, VA
- Founding
- 09/1971
- Data as of
- 06/2021
- EIN
- 74-1602512
Organization Overview
Independent Electrical Contractors Inc, operating under the name Ieci, is located in Arlington, VA. The organization was established in 1971. 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 06/2021, Ieci employed 22 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Ieci 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 06/2021, Ieci generated $4.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $4.5m during the year ending 06/2021. While expenses have increased by 1.5% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AMERICA'S INDEPENDENT ELECTRICAL CONTRACTORS THROUGH THE PRINCIPLE OF FREE ENTERPRISE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING EQUIPMENT AND EDUCATION - IEC PROVIDES OPPORTUNITIES FOR INTRODUCING AND GUIDING MEN AND WOMEN TO SUCCESSFUL AND SATISFYING CAREERS IN THE ELECTRICAL AND COMMUNICATIONS INDUSTRIES THROUGH EQUIPMENT GRANTS FOR USE BY LOCAL TRAINING AND EDUCATION CENTERS.
PUBLICATIONS - IEC HAS SEVERAL PUBLICATIONS, INCLUDING IECX, A BI-WEEKLY NEWSLETTER THAT PROVIDES INFORMATION ON NEWS AND EVENTS, EDUCATIONAL OPPORTUNITIES, INITIATIVES, PODCAST AND WEBINAR, ETC. IMPACTING THE ELECTRICAL CONTRACTORS INDUSTRY. IEC ALSO PUBLISHES A MONTHLY NEWSLETTER, CAPITOL CONNECTION, WHICH INCLUDES INFORMATION ON THE LATEST ADVANCES IN FEDERAL LEGISLATION AND AN ANALYSIS OF ITS IMPACT ON IEC MEMBERS' BUSINESS OPERATION. PUBLISHED SIX TIMES A YEAR, IEC INSIGHTS IS THE AWARD-WINNING, HALLMARK PUBLICATION FOR TODAY'S ELECTRICAL AND SYSTEMS CONTRACTORS, AND REACHES A SUBSCRIBER BASE OF MORE THAN 7,000 PROFESSIONALS PER ISSUE. IEC INSIGHTS IS FILLED WITH TIMELY FEATURE ARTICLES, EXPERT COLUMNS, INNOVATIVE NEW PRODUCTS, AND SPECIALTY PIECES WRITTEN BY AND FOR ELECTRICAL CONTRACTING INDUSTRY PROFESSIONALS.
MEETINGS AND EVENTS - THE ANNUAL IEC BUSINESS SUMMIT IS THE EVENT THAT BRINGS TOGETHER THE ELECTRICAL CONTRACTING WORKFORCE AND ITS LEADING BUSINESS EXPERTS. THE INDUSTRY'S TOP PROFESSIONALS ARE GIVEN THE OPPORTUNITY TO COME TOGETHER TO NETWORK, COLLABORATE ON NEW IDEAS, AND LEARN HOW OTHER EXPERTS IN THE BUSINESS ARE SUCCEEDING.
GOVERNMENT RELATIONS - PRIDE PAC IS IEC'S POLITICAL ACTION COMMITTEE, WHICH CONTRIBUTES FUNDS TO CANDIDATES RUNNING FOR FEDERAL OFFICE. PRIDE PAC IS IEC'S PRIMARY VEHICLE FOR POLITICAL INVOLVEMENT, HELPING TO KEEP THE INTERESTS OF THE ELECTRICAL AND SYSTEMS CONTRACTING INDUSTRY AT THE FOREFRONT OF THE CONGRESSIONAL AGENDA. PRIDE PAC IS GOVERNED BY IEC'S PAC-PEF COMMITTEE, COMPRISED OF IEC MEMBERS FROM ACROSS THE COUNTRY. THE COMMITTEE OVERSEES PRIDE PAC'S FUNDRAISING ACTIVITIES, FINANCIALS, AND ITS CONTRIBUTIONS TO CANDIDATES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Spenser Villwock CEO Until April 2021 | Officer | 30 | $250,171 |
Vernice Howard CFO Until June 2021 | Officer | 36 | $203,834 |
Raeshawn Crosson COO | Officer | 40 | $173,913 |
Jason Todd VP Of Government Affairs | 40 | $139,776 | |
Paul Dolenc VP Of Training & Education | 40 | $131,857 | |
Christina Ronaldson Dir Of Bus. Dev. & Industry Partnerships | 40 | $105,442 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Think Baseline Creative Support | 6/29/17 | $115,995 |
Graves Show Productions Event Production | 6/29/17 | $100,585 |
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 | $65,084 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,084 |
| Total Program Service Revenue | $4,635,126 |
| Investment income | $28,267 |
| 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 | $4,728,698 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,500 |
| 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. | $693,700 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,445,254 |
| Pension plan accruals and contributions | $8,028 |
| Other employee benefits | $196,698 |
| Payroll taxes | $147,961 |
| Fees for services: Management | $164,841 |
| Fees for services: Legal | $29,715 |
| Fees for services: Accounting | $23,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,948 |
| Fees for services: Other | $410,403 |
| Advertising and promotion | $33,033 |
| Office expenses | $554,641 |
| Information technology | $13,437 |
| Royalties | $0 |
| Occupancy | $161,418 |
| Travel | $166,802 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $60,094 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,943 |
| Insurance | $16,669 |
| All other expenses | $16,073 |
| Total functional expenses | $4,502,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,272 |
| Savings and temporary cash investments | $932,815 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $227,125 |
| 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 | $129,542 |
| Net Land, buildings, and equipment | $248,000 |
| Investments—publicly traded securities | $1,597,200 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $40,761 |
| Total assets | $3,195,715 |
| Accounts payable and accrued expenses | $175,534 |
| Grants payable | $0 |
| Deferred revenue | $794,500 |
| 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 | $151,995 |
| Total liabilities | $1,122,029 |
| Net assets without donor restrictions | $2,073,686 |
| 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 | $3,195,715 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Independent Electrical Contractors Inc has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
Independent Electrical Contractors Foundation Monroeville, PA PURPOSE: EQUIPMENT FOR TRAINING CENTER LABS | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Davidson Water Inc Welcome, NC | $156,115,966 | $18,462,382 |
Craig-Botetourt Electric Co-Operative New Castle, VA | $37,707,997 | $13,868,268 |
Chickasaw Electric Cooperative Inc Somerville, TN | $53,475,417 | $11,540,498 |
Virginia Maryland Delaware Association Of Electric Cooperativ Glen Allen, VA | $4,896,321 | $7,911,064 |
Tennessee One-Call System Inc Nashville, TN | $15,040,368 | $8,322,679 |
Southeast Rural Community Assistance Project Inc Roanoke, VA | $8,928,556 | $6,797,376 |
Outdoor Power Equipment Institute Inc Alexandria, VA | $17,715,091 | $3,228,367 |
Electric Power Supply Association Washington, DC | $6,703,647 | $5,166,288 |
West Carteret Water Corporation Inc Newport, NC | $30,167,915 | $5,934,508 |
South Eastern Water Assoc Inc Somerset, KY | $31,183,377 | $5,722,292 |
Independent Electrical Contractors Inc Arlington, VA | $3,195,715 | $4,728,698 |
International Bottled Water Association Alexandria, VA | $5,454,165 | $4,671,484 |