Civic Intelligence

Lincoln Elec Contractors Assn Apprenticeship & Training Fund

990 • Fiscal year 2023 • EIN 47-0461460

Jul 01, 2022 to Jun 30, 2023 • Filed on Feb 07, 2024

Organization ProfileNONE
1415 Old Farm RoadLincoln, NE 68512

(402) 423-4519

Siviq Scores

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

Liabilities / Assets

49th percentile

0.02x

Higher debt load relative to assets than 49% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

52nd percentile

0.02x

Higher debt load relative to revenue than 52% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

72nd percentile

18%

Higher net margin than 72% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

86th percentile

$96,470

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 19.8% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

68th percentile

13%

Faster asset growth than 68% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

43rd percentile

3.1%

Faster revenue growth than 43% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets49th percentile

Assets

Flat

$712,073

Flat from 2023

Net Assets

Flat

$701,093

Flat from 2023

Liabilities

Flat

$10,980

Flat from 2023

Revenue And Expenses
Liabilities / Revenue52nd percentileNet Margin72nd percentile

Revenue

Flat

$487,737

Flat from 2023

Expenses

Flat

$398,089

Flat from 2023

Net Income

Flat

$89,648

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth68th percentile

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

$1.5M$1.0M$500K$0Assets 2010: $133,300Liabilities 2010: $8,311Net Assets 2010: $124,9892010Assets 2011: $174,706Liabilities 2011: $8,964Net Assets 2011: $165,7422011Assets 2012: $236,284Liabilities 2012: $6,734Net Assets 2012: $229,5502012Assets 2013: $311,768Liabilities 2013: $7,167Net Assets 2013: $304,6012013Assets 2014: $327,991Liabilities 2014: $5,003Net Assets 2014: $322,9882014Assets 2015: $378,130Liabilities 2015: $5,313Net Assets 2015: $372,8172015Assets 2016: $415,824Liabilities 2016: $9,142Net Assets 2016: $406,6822016Assets 2017: $432,658Liabilities 2017: $9,439Net Assets 2017: $423,2192017Assets 2018: $486,849Liabilities 2018: $12,070Net Assets 2018: $474,7792018Assets 2019: $517,961Liabilities 2019: $7,960Net Assets 2019: $510,0012019Assets 2020: $519,403Liabilities 2020: $9,762Net Assets 2020: $509,6412020Assets 2021: $544,164Liabilities 2021: $16,182Net Assets 2021: $527,9822021Assets 2022: $628,501Liabilities 2022: $17,056Net Assets 2022: $611,4452022Assets 2023: $712,073Liabilities 2023: $10,980Net Assets 2023: $701,0932023Assets 2023: $712,073Liabilities 2023: $10,980Net Assets 2023: $701,0932023Assets 2025: $1,168,269Liabilities 2025: $18,667Net Assets 2025: $1,149,6022025

Highlighted filing

2023

Assets$712,073
Liabilities$10,980
Net Assets$701,093
Open 2023 Filing

Operations Trend

Revenue Growth43rd percentile

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

$1.0M$500K$0-$500KRevenue 2010: $185,183Expenses 2010: $180,042Net Income 2010: $5,1412010Expenses 2011: $200,8862011Revenue 2012: $285,182Expenses 2012: $221,374Net Income 2012: $63,8082012Expenses 2013: $237,1042013Revenue 2014: $242,662Expenses 2014: $224,275Net Income 2014: $18,3872014Revenue 2015: $273,490Expenses 2015: $223,661Net Income 2015: $49,8292015Revenue 2016: $322,496Expenses 2016: $288,631Net Income 2016: $33,8652016Revenue 2017: $321,435Expenses 2017: $304,898Net Income 2017: $16,5372017Revenue 2018: $379,247Expenses 2018: $327,687Net Income 2018: $51,5602018Revenue 2019: $384,006Expenses 2019: $348,784Net Income 2019: $35,2222019Revenue 2020: $345,618Expenses 2020: $345,978Net Income 2020: -$3602020Revenue 2021: $359,086Expenses 2021: $340,745Net Income 2021: $18,3412021Revenue 2022: $473,109Expenses 2022: $389,646Net Income 2022: $83,4632022Revenue 2023: $487,737Expenses 2023: $398,089Net Income 2023: $89,6482023Revenue 2023: $487,737Expenses 2023: $398,089Net Income 2023: $89,6482023Revenue 2025: $865,870Expenses 2025: $524,541Net Income 2025: $341,3292025

Highlighted filing

2023

Revenue$487,737
Expenses$398,089
Net Income$89,648
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Feb 7, 2024
Return Version
2022v5.0
Gross Receipts
$487,737
Mission and Program Overview

Mission

The association was formed solely and exclusively for the purpose of supporting a program for the training and education of electrical apprentices and journeymen and programs in furtherance thereof. It is to defray the costs of apprenticeship and training programs established under provisions of the collective bargaining agreement between international brotherhood of electrical workers (ibew) local no. 265 and the nebraska chapter of the national electrical contractors association (neca).

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$341,092$449,439▲ $108,347
Savings and Temporary Cash Investments$148,118$150,078▲ $1,960
Land, Buildings, and Equipment, Net$95,787$77,881▼ $17,906
Accounts Receivable$33,667$30,291▼ $3,376
Pledges and Grants Receivable$5,735--
Prepaid Expenses and Deferred Charges$4,102$4,384▲ $282
Total Assets$628,501$712,073▲ $83,572
Liabilities
Accounts Payable and Accrued Expenses$17,056$10,980▼ $6,076
Total Liabilities$17,056$10,980▼ $6,076
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$611,445$701,093▲ $89,648
Total Net Assets Fund Balance$611,445$701,093▲ $89,648
Total Liabilities and Net Assets / Fund Balance$628,501$712,073▲ $83,572

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$38,164$159,691$197,855
Leasehold Improvements$39,717$18,172$57,889
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Roy Lamb IiTraining DirectorFT$78,104$18,366$96,470

Board Members and Trustees

NameTitle
Paul ScheelChairman
Adam RandallTrustee
Brian RidderTrustee
Doug AmenTrustee
Mike OrfTrustee
Steve StrunkTrustee
Tom EmersonTrustee
John WhitmerSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$477,467
Investment Income
$6,407
Other Revenue
$3,863
Change in Net Assets
$89,648

Audited Revenue Reconciliation

Revenue per Audited Statements
$487,737
Total Revenue per Audited Statements
$487,737
Total Revenue per Form 990
$487,737
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$235,751
Salaries, Compensation, and Employee Benefits$162,338
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$80,757-$80,757
Other Salaries and Wages$21,289$20,188-$41,477
Depreciation Depletion$9,498$15,560-$25,058
Other Employee Benefits-$15,960-$15,960
Pension Plan Contributions-$14,252-$14,252
Conferences and Meetings$8,120$3,517-$11,637
Occupancy-$10,711-$10,711
Payroll Taxes-$9,892-$9,892
Insurance-$7,294-$7,294
All Other Expenses$554$5,350-$5,904
Fees for Services Accounting-$5,355-$5,355
Other Expenses$823$2,824-$2,824
Fees for Services Legal$1,093--$1,093
Total Functional Expenses$191,229$206,860$0$398,089

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$398,089
Total Expenses per Audited Statements$398,089
Total Expenses per Form 990$398,089
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
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 board of directors reviews the return before the training director signs it.”

Form 990, Page 6, Part VI, Line 19

“The organization's governing documents and financial statements are available to the public upon request to the organization's principal officer.”

Filing and Contact Details

Filer

Filer Name
Lincoln Electrical
EIN
47-0461460
Phone
4024234519
Address
1415 OLD FARM ROAD, LINCOLN, NE 68512

Signing Officer

Name
Roy Lamb Ii
Title
Training Director
Phone
5317393560
Signed
2024-02-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Roy Lamb Ii
Formed
1959
Legal Domicile
Ne
Voting Board Members
8
Independent Board Members
8
Employees
5

Preparer

Firm
Dana F Cole & Company Llp
Address
1248 O ST STE 500, LINCOLN, NE 68508-1424
Preparer
Ryan Bruns
Phone
4024799300
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The association was formed solely and exclusively for the purpose of supporting a program for the training and education of electrical apprentices and journeymen and programs in furtherance thereof. It is to defray the costs of apprenticeship and training programs established under provisions of the collective bargaining agreement between international brotherhood of electrical workers (ibew) local no. 265 and the nebraska chapter of the national electrical contractors association (neca).”

Form 990, Page 12, Part XII, Line 2C

“The board of directors oversees the audit process. This process has not changed from the prior years.”

Financial Statement Notes

Schedule D, Page 3, Part X

“The association utilizes the provisions of fasb asc 740-10, "accounting for uncertain tax positions". The association continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law, and new authoritative rulings. The association believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that would be material to the financial statements.”

Raw XML Appendix399 raw XML fields

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/PYTotalRevenueAmt0473109
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/ReportOtherLiabilitiesInd0false
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0150078
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0159691
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0197855
IRS990ScheduleD/ExpensesSubtotalAmt0398089
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt039717
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt018172
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt057889
IRS990ScheduleD/RevenueSubtotalAmt0487737
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION UTILIZES THE PROVISIONS OF FASB ASC 740-10, "ACCOUNTING FOR UNCERTAIN TAX POSITIONS". THE ASSOCIATION CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW, AND NEW AUTHORITATIVE RULINGS. THE ASSOCIATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT WOULD BE MATERIAL TO THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt077881
IRS990ScheduleD/TotalExpensesPerForm990Amt0398089
IRS990ScheduleD/TotalRevenuePerForm990Amt0487737
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0487737
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0398089
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IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
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IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
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IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0A NEWSPAPER ADVERTISEMENT IS PUBLISHED SEMI-ANNUALLY. AFFIRMATIVE ACTION LETTERS ARE MAILED QUARTERLY.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION WAS FORMED SOLELY AND EXCLUSIVELY FOR THE PURPOSE OF SUPPORTING A PROGRAM FOR THE TRAINING AND EDUCATION OF ELECTRICAL APPRENTICES AND JOURNEYMEN AND PROGRAMS IN FURTHERANCE THEREOF. IT IS TO DEFRAY THE COSTS OF APPRENTICESHIP AND TRAINING PROGRAMS ESTABLISHED UNDER PROVISIONS OF THE COLLECTIVE BARGAINING AGREEMENT BETWEEN INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS (IBEW) LOCAL NO. 265 AND THE NEBRASKA CHAPTER OF THE NATIONAL ELECTRICAL CONTRACTORS ASSOCIATION (NECA).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS REVIEWS THE RETURN BEFORE THE TRAINING DIRECTOR SIGNS IT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST TO THE ORGANIZATION'S PRINCIPAL OFFICER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS OVERSEES THE AUDIT PROCESS. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 12, PART XII, LINE 2C
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0628501
IRS990/TotalAssetsEOYAmt0712073
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IRS990/TotalAssetsGrp/EOYAmt0712073
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0206860
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0191229
IRS990/TotalFunctionalExpensesGrp/TotalAmt0398089
IRS990/TotalGrossUBIAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0701093
IRS990/TotalOtherCompensationAmt018366
IRS990/TotalProgramServiceExpensesAmt0191229
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IRS990/USAddress/CityNm0LINCOLN
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IRS990/USAddress/ZIPCd068512
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0NONE
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ROY LAMB II
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRAINING DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05317393560
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-02-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LINCOLN ELECTRICAL
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CONTRACTORS ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0LINC
ReturnHeader/Filer/EIN0470461460
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0470526649
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DANA F COLE & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01248 O ST STE 500
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LINCOLN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0685081424
ReturnHeader/PreparerPersonGrp/PhoneNum04024799300
ReturnHeader/PreparerPersonGrp/PreparationDt02024-02-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RYAN BRUNS
ReturnHeader/ReturnTs02024-02-22T10:43:15-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ROY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LAMB II
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$712,073
Liabilities
$10,980
Net assets
$701,093
Revenue
$487,737
Expenses
$398,089
Net income
$89,648
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.17$0.02$1.15$0.87$0.52$0.34
2023Detailed filing. Detailed filing data is available for this year.$0.71$0.01$0.70$0.49$0.40$0.09
2023Summary only. Only limited summary data is available for this year.$0.71$0.01$0.70$0.49$0.40$0.09
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.63$0.02$0.61$0.47$0.39$0.08
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.54$0.02$0.53$0.36$0.34$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.52$0.01$0.51$0.35$0.35$0.00
2019Summary only. Only limited summary data is available for this year.$0.52$0.01$0.51$0.38$0.35$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.49$0.01$0.47$0.38$0.33$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.43$0.01$0.42$0.32$0.30$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.42$0.01$0.41$0.32$0.29$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.38$0.01$0.37$0.27$0.22$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.33$0.01$0.32$0.24$0.22$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.31$0.01$0.30$0.24
2012Summary only. Only limited summary data is available for this year.$0.24$0.01$0.23$0.29$0.22$0.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.01$0.17$0.20
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.13$0.01$0.12$0.19$0.18$0.01