Independent Electrical Contractors Inc
- Assets
- $466.3k
- Revenue
- $447.9k
- Investments
- $0.0
- Employees
- 7
- Location
- Las Cruces, NM
- Founding
- 03/1991
- Data as of
- 12/2021
- EIN
- 85-0388246
Organization Overview
Independent Electrical Contractors Inc is located in Las Cruces, NM. The organization was established in 1991. 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 Inc employed 7 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 12/2021, Independent Electrical Contractors Inc generated $447.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $393.0k during the year ending 12/2021. While expenses have increased by 5.3% 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
PROVIDE CLASSROOM INSTRUCTION & ON-THE-JOB TRAINING TO APPRENTICES IN THE ELECTRICAL INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE TRAINING TO ELECTRICIAN APPRENTICES IN COOPERATION WITH THE STATE OF NEW MEXICO WORKFORCE TRAINING PROGRAM.
DEPRECIATION OF LEASEHOLD IMPROVEMENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Gwartney Vice Preside | Officer | 2 | $0 |
Rodney Eaton Secretary/tr | Officer | 2 | $0 |
Bryan Eichelberger President | Officer | 2 | $0 |
Kevin Tegmeyer Director | Trustee | 1 | $0 |
Shawn Gustafson Director | Trustee | 1 | $0 |
Scott Moore Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $44,184 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $144,311 |
| All other contributions, gifts, grants, and similar amounts not included above | $75,050 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $263,545 |
| Total Program Service Revenue | $184,401 |
| Investment income | $0 |
| 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 | $447,946 |
| 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 | $59,557 |
| 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 | $153,029 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,936 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,607 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,203 |
| Advertising and promotion | $2,739 |
| Office expenses | $12,016 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $81,142 |
| Travel | $10,349 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,712 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,987 |
| Insurance | $10,712 |
| All other expenses | $0 |
| Total functional expenses | $392,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $375,697 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $44,795 |
| 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 |
| Net Land, buildings, and equipment | $45,846 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $466,338 |
| Accounts payable and accrued expenses | $510 |
| 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 | $4,691 |
| Total liabilities | $5,201 |
| Net assets without donor restrictions | $461,137 |
| 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 | $466,338 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Independent Electrical Contractors Inc has recieved totaling $54,750.
| Awarding Organization | Amount |
|---|---|
Independent Electrical Contractors Foundation Monroeville, PA PURPOSE: EQUIPMENT FOR TRAINING CENTER LABS | $54,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Convention & Visitors Bureau Dallas, TX | $16,156,055 | $23,486,746 |
Houston Association Of Realtors Houston, TX | $18,624,507 | $23,447,617 |
Denver Metro Convention & Visitors Bureau Denver, CO | $32,418,723 | $29,420,988 |
Texas Association Of Realtors Austin, TX | $94,503,864 | $29,443,210 |
Arlington Convention & Visitors Bureau Inc Arlington, TX | $3,519,065 | $16,656,136 |
Promotional Products Association International Irving, TX | $24,269,680 | $12,861,271 |
Greater Oklahoma City Chamber Of Commerce Oklahoma City, OK | $12,639,674 | $12,068,118 |
Chamber Of Commerce Metropolitan Tulsa Tulsa, OK | $9,253,345 | $10,228,951 |
Fort Worth Convention And Visitors Bureau Fort Worth, TX | $6,320,777 | $12,812,000 |
Metropolitan Tucson Convention And Visitors Bureau Tucson, AZ | $11,117,181 | $12,905,654 |
Park City Area Chamber Of Commerce Convention & Visitors Buerau Park City, UT | $9,039,229 | $12,386,201 |
Denver Metro Chamber Of Commerce Denver, CO | $24,074,791 | $9,796,835 |