Independent Electrical Contractors
- Assets
- $2.8m
- Revenue
- $1.6m
- Investments
- $173.9k
- Employees
- 32
- Location
- Irving, TX
- Founding
- 05/1968
- Data as of
- 12/2021
- EIN
- 75-6043850
Organization Overview
Independent Electrical Contractors is located in Irving, TX. The organization was established in 1968. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Independent Electrical Contractors employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independent Electrical Contractors 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, Independent Electrical Contractors generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 2.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE IT'S MEMBERS AND THE ELECTRICAL INDUSTRY WITH INFORMATION, SERVICES, AND EDUCATION TO FURTHER ADVANCE THE INDUSTRY AND IT'S MEMBERS. THE CHAPTER'S RESPONSIBILITIES ARE TO MAINTAIN A LIASON BETWEEN BUSINESS, ORGANIZATIONS AND GOVERNMENTAL ENTITIES, KEEPING ABREAST OF CHANGES, OPPORTUNITIES, RULES AND REGULATIONS WHICH EFFECT THE ELECTRICAL INDUSTRY AND IT'S MEMBERS. THE CHAPTER SUPPORTS A US DEPARTMENT OF LABOR APPROVED APPRENTICESHIP TRAINING PROGRAM TO FURTHER PROVIDE THE ELECTRICAL INDUSTRY WITH TRAINED CRAFTSPEOPLE FOR FUTURE GROWTH AND MAINTENANCE OF THE ELECTRICAL TRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHAPTER SUPPORTS A US DEPARTMENT OF LABOR APPROVED APPRENTICESHIP TRAINING PROGRAM TO FURTHER PROVIDE THE ELECTRICAL INDUSTRY WITH TRAINED CRAFTSPEOPLE.
SEE ORGANIZATION'S PRINCIPLE TAX EXEMPT PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W J Thomas Executive Di | 40 | $201,709 | |
Kevin Richardson President | OfficerTrustee | 2 | $0 |
David Whitmire Vice Preside | OfficerTrustee | 2 | $0 |
Keith Bell Secretary/tr | OfficerTrustee | 2 | $0 |
Erin Stewart Executive Di | Officer | 40 | $0 |
Brian Dean Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $354,608 |
| 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 | $354,608 |
| Total Program Service Revenue | $1,156,639 |
| Investment income | $96,511 |
| 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 | $1,609,696 |
| 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 | $201,709 |
| Other salaries and wages | $435,018 |
| Pension plan accruals and contributions | $59,150 |
| Other employee benefits | $44,645 |
| Payroll taxes | $51,786 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $54,593 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,161 |
| Advertising and promotion | $13,818 |
| Office expenses | $65,765 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $58,972 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,653 |
| Interest | $341 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,446 |
| Insurance | $58,518 |
| All other expenses | $21,265 |
| Total functional expenses | $1,411,648 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,100,509 |
| Savings and temporary cash investments | $975,060 |
| 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 | $1,845 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $577,058 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $173,890 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,828,362 |
| Accounts payable and accrued expenses | $200,273 |
| 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 | $200,273 |
| Net assets without donor restrictions | $2,628,089 |
| 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 | $2,828,362 |
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|---|---|---|
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