Civic Intelligence

Independent Electrical Contractors of New England Inc

990 • Fiscal year 2022 • EIN 23-7121437

Oct 01, 2021 to Sep 30, 2022 • Filed on Feb 15, 2023

273 Dividend Road Suite ARocky Hill, CT 06067

(860) 563-4953

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

86th percentile

0.45x

Higher debt load relative to assets than 86% of similar nonprofits.

2022 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

87th percentile

0.48x

Higher debt load relative to revenue than 87% of similar nonprofits.

2022 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2022

Net Margin

28th percentile

-3.5%

Higher net margin than 28% of similar nonprofits.

2022 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2022

Asset Growth

55th percentile

4.1%

Faster asset growth than 55% of similar nonprofits.

2022 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

21st percentile

-6.7%

Faster revenue growth than 21% of similar nonprofits.

2022 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$930,157

Up $36,514 (+4.1%) from 2021

Net Assets

Down

$513,399

Down $30,710 (-5.6%) from 2021

Liabilities

Up

$416,758

Up $67,224 (+19%) from 2021

Revenue

Down

$870,872

Down $62,357 (-6.7%) from 2021

Expenses

Up

$901,582

Up $147,493 (+20%) from 2021

Net Income

Down

-$30,710

Down $209,850 (-117%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2010: $467,667Liabilities 2010: $115,783Net Assets 2010: $351,8842010Assets 2011: $476,646Liabilities 2011: $114,561Net Assets 2011: $362,0852011Assets 2012: $487,208Liabilities 2012: $101,892Net Assets 2012: $385,3162012Assets 2013: $504,459Liabilities 2013: $161,854Net Assets 2013: $342,6052013Assets 2014: $501,352Liabilities 2014: $193,982Net Assets 2014: $307,3702014Assets 2015: $519,725Liabilities 2015: $198,891Net Assets 2015: $320,8342015Assets 2016: $562,816Liabilities 2016: $213,144Net Assets 2016: $349,6722016Assets 2017: $576,520Liabilities 2017: $247,572Net Assets 2017: $328,9482017Assets 2018: $699,277Liabilities 2018: $313,408Net Assets 2018: $385,8692018Assets 2019: $776,325Liabilities 2019: $337,639Net Assets 2019: $438,6862019Assets 2020: $721,470Liabilities 2020: $356,501Net Assets 2020: $364,9692020Assets 2021: $893,643Liabilities 2021: $349,534Net Assets 2021: $544,1092021Assets 2022: $930,157Liabilities 2022: $416,758Net Assets 2022: $513,3992022Assets 2023: $1,919,618Liabilities 2023: $1,366,309Net Assets 2023: $553,3092023Assets 2024: $2,122,046Liabilities 2024: $1,370,775Net Assets 2024: $751,2712024Assets 2025: $2,109,729Liabilities 2025: $1,219,157Net Assets 2025: $890,5722025

Highlighted filing

2022

Assets$930,157
Liabilities$416,758
Net Assets$513,399

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $612,4432010Expenses 2011: $534,3332011Expenses 2012: $476,7182012Expenses 2013: $546,7052013Revenue 2014: $602,212Expenses 2014: $637,447Net Income 2014: -$35,2352014Revenue 2015: $613,172Expenses 2015: $599,708Net Income 2015: $13,4642015Revenue 2016: $694,757Expenses 2016: $665,919Net Income 2016: $28,8382016Revenue 2017: $695,648Expenses 2017: $716,372Net Income 2017: -$20,7242017Revenue 2018: $794,471Expenses 2018: $737,550Net Income 2018: $56,9212018Revenue 2019: $872,153Expenses 2019: $819,336Net Income 2019: $52,8172019Revenue 2020: $663,642Expenses 2020: $737,359Net Income 2020: -$73,7172020Revenue 2021: $933,229Expenses 2021: $754,089Net Income 2021: $179,1402021Revenue 2022: $870,872Expenses 2022: $901,582Net Income 2022: -$30,7102022Revenue 2023: $952,712Expenses 2023: $912,802Net Income 2023: $39,9102023Revenue 2024: $1,150,547Expenses 2024: $969,449Net Income 2024: $181,0982024Revenue 2025: $1,208,522Expenses 2025: $1,069,221Net Income 2025: $139,3012025

Highlighted filing

2022

Revenue$870,872
Expenses$901,582
Net Income-$30,710
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Feb 15, 2023
Return Version
2021v4.0
Gross Receipts
$981,998
Mission and Program Overview

Mission

To advance the interests of the independent electrical contractor

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$112,337$401,259▲ $288,922
Cash and Non-Interest-Bearing Accounts$520,062$270,209▼ $249,853
Savings and Temporary Cash Investments$174,238$174,273▲ $35
Prepaid Expenses and Deferred Charges$72,406$66,416▼ $5,990
Accounts Receivable$642$6,000▲ $5,358
Total Assets$893,643$930,157▲ $36,514
Other Assets Total$13,958$12,000▼ $1,958
Liabilities
Deferred Revenue$330,576$392,751▲ $62,175
Accounts Payable and Accrued Expenses$18,958$24,007▲ $5,049
Total Liabilities$349,534$416,758▲ $67,224
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$544,109$513,399▼ $30,710
Total Net Assets Fund Balance$544,109$513,399▼ $30,710
Total Liabilities and Net Assets / Fund Balance$893,643$930,157▲ $36,514

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$338,416$3,634$342,050
Equipment$62,843$61,423$124,266
Compensation and Service Providers

Board Members and Trustees

NameTitle
Rich BirdPresident
ALBERT D'AMICODirector
Brian ZadroznyDirector
Bryan KisnerDirector
Chris CyrDirector
Jason JacarusoDirector
Jim NasutaDirector
John MivilleDirector
Mark MadoreDirector
Paul BorrelliDirector
Terry BerubeDirector
Warren HortonPast Preside
Jason JacarusoSecretary
Phil NizzardoTreasurer
Laurence ValleresVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$36,740
Program Service Revenue
$874,581
Investment Income
$-61,854
Other Revenue
$21,405
All Other Contributions
$8,000
Change in Net Assets
$-30,710
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$597,990
Salaries, Compensation, and Employee Benefits$303,592
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$130,380$140,931-$271,311
Occupancy-$219,502-$219,502
Office Expenses-$58,138-$58,138
Payments to Affiliates$57,212--$57,212
Conferences and Meetings$29,790--$29,790
Payroll Taxes$15,307$11,651-$26,958
Information Technology-$15,452-$15,452
Fees for Services Lobbying-$15,280-$15,280
Depreciation Depletion-$15,241-$15,241
Insurance-$11,985-$11,985
Advertising-$10,746-$10,746
Travel-$9,044-$9,044
Other Expenses$55,088$5,605-$5,605
Other Employee Benefits-$5,323-$5,323
Fees for Services Accounting-$4,900-$4,900
All Other Expenses-$1,597-$1,597
Total Functional Expenses$370,578$531,004$0$901,582
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$53,735
Fundraising Direct Expenses$49,234
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$80,365$51,625$47,689$3,936
Total Events$80,365$51,625$47,689$3,936
Political and Lobbying Activity
Political campaign activity
Yes
In-house lobbying only
No
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The 990 is reviewed by the entire board and filed after each member has had any questions answered.

Form 990, Page 6, Part VI, Line 12C

The conflict of interest policy is monitored by the board annually for any exceptions.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Independent Electrical Contractors
EIN
23-7121437
Phone
8605634953
Address
273 DIVIDEND ROAD SUITE A, ROCKY HILL, CT 06067

Signing Officer

Name
Rich Bird
Title
President
Phone
8605634953
Signed
2023-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rich Bird
Formed
1957
Legal Domicile
Ct
Voting Board Members
10
Independent Board Members
10
Employees
14
Volunteers
10

Preparer

Firm
Budwitz & Meyerjack Pc
Address
322 MAIN ST, FARMINGTON, CT 06032
Preparer
Scott Burleigh CPA
Phone
8606774697
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

VOLUNTEER BOARD

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt057212
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011651
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IRS990/ProgramServiceRevenueGrp/Desc3PUBLICATIONS
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt31000
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IRS990/ProgSrvcAccomActy2Grp/Desc0APPRENTICESHIP TRAINING PROGRAM: ADMINISTRATION OF APPRENTICE AND TRAINING PROGRAM TO ENABLE CANDIDATES TO OBTAIN STATE OF CONNECTICUT ELECTRICIAN'S LICENSE.
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0395087
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IRS990/PYContributionsGrantsAmt037755
IRS990/PYInvestmentIncomeAmt050
IRS990/PYOtherExpensesAmt0429071
IRS990/PYOtherRevenueAmt023909
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IRS990/PYRevenuesLessExpensesAmt0179140
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IRS990/PYTotalExpensesAmt0754089
IRS990/PYTotalRevenueAmt0933229
IRS990/ReconcilationRevenueExpnssAmt0-30710
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IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0479494
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0174273
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleC/Form1120POLFiledInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0false
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IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt0STATEHOUSE ASSOCIATES LLC
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt0304 WEST MAIN ST
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine2Txt0205
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm0AVON
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IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PAYS A LOBBYIST TO LOBBY ON BEHALF OF THE ELECTRICAL PROFESSION.
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt1SCHEDULE C, PART I-A, LINE 1 THE ORGANIZATION PAYS A LOBBYIST TO LOBBY ON BEHALF ON THE ELECTRICAL PROFESSION.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE C, PART I-A, LINE 1
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE C, PART IV
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt061423
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0124266
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0338416
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03634
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0342050
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0401259
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IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt047689
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF TOURNAMENT
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt080365
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt051625
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IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt03936
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VOLUNTEER BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS REVIEWED BY THE ENTIRE BOARD AND FILED AFTER EACH MEMBER HAS HAD ANY QUESTIONS ANSWERED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY IS MONITORED BY THE BOARD ANNUALLY FOR ANY EXCEPTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0930157
IRS990/TotalAssetsGrp/BOYAmt0893643
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IRS990/TotalCompGreaterThan150KInd0false
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IRS990/TotalEmployeeCnt014
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0531004
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0370578
IRS990/TotalFunctionalExpensesGrp/TotalAmt0901582
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0349534
IRS990/TotalLiabilitiesEOYAmt0416758
IRS990/TotalLiabilitiesGrp/BOYAmt0349534
IRS990/TotalLiabilitiesGrp/EOYAmt0416758
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0544109
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IRS990/TotalProgramServiceExpensesAmt0370578
IRS990/TotalProgramServiceRevenueAmt0874581
IRS990/TotalRevenueGrp/ExclusionAmt038
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0829593
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0870872
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0893643
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0930157
IRS990/TravelGrp/ManagementAndGeneralAmt09044
IRS990/TravelGrp/TotalAmt09044
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/WebsiteAddressTxt0WWW.IECNE.ORG

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.11$1.22$0.89$1.21$1.07$0.14
2024Detailed filing. Detailed filing data is available for this year.$2.12$1.37$0.75$1.15$0.97$0.18
2023Detailed filing. Detailed filing data is available for this year.$1.92$1.37$0.55$0.95$0.91$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.93$0.42$0.51$0.87$0.90$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.89$0.35$0.54$0.93$0.75$0.18
2020Detailed filing. Detailed filing data is available for this year.$0.72$0.36$0.36$0.66$0.74$0.07
2019Detailed filing. Detailed filing data is available for this year.$0.78$0.34$0.44$0.87$0.82$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.70$0.31$0.39$0.79$0.74$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.58$0.25$0.33$0.70$0.72$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.56$0.21$0.35$0.69$0.67$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.52$0.20$0.32$0.61$0.60$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.50$0.19$0.31$0.60$0.64$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.16$0.34$0.55
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.49$0.10$0.39$0.48
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.48$0.11$0.36$0.53
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.12$0.35$0.61