Civic Intelligence

Denver Electrical Joint Industry

990 • Fiscal year 2023 • EIN 84-6218180

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 07, 2024

495 Uinta Way 240Denver, CO 80230

(303) 937-3900

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)5 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)5 • <$500k nonprofits • Source year 2023

Net Margin

82nd percentile

22%

Higher net margin than 82% of similar nonprofits.

2023 filings • 501(c)5 • <$500k nonprofits • Source year 2023

Top Officer Pay

46th percentile

$0

Higher top officer pay than 46% of similar nonprofits.

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

2023 filings • 501(c)5 • <$500k nonprofits • Source year 2023

Asset Growth

88th percentile

25%

Faster asset growth than 88% of similar nonprofits.

2023 filings • 501(c)5 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

21st percentile

-7.6%

Faster revenue growth than 21% of similar nonprofits.

2023 filings • 501(c)5 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$469,916

Up $92,595 (+25%) from 2022

Net Assets

Up

$469,916

Up $92,595 (+25%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Down

$328,399

Down $26,837 (-7.6%) from 2022

Expenses

Down

$255,427

Down $74,584 (-23%) from 2022

Net Income

Up

$72,972

Up $47,747 (+189%) from 2022

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $615,079Liabilities 2011: $0Net Assets 2011: $615,0792011Assets 2012: $698,883Liabilities 2012: $0Net Assets 2012: $698,8832012Assets 2013: $569,233Liabilities 2013: $154,872Net Assets 2013: $414,3612013Assets 2014: $441,938Liabilities 2014: $860Net Assets 2014: $441,0782014Assets 2015: $484,516Liabilities 2015: $0Net Assets 2015: $484,5162015Assets 2016: $441,729Liabilities 2016: $0Net Assets 2016: $441,7292016Assets 2017: $435,608Liabilities 2017: $6,456Net Assets 2017: $429,1522017Assets 2018: $425,732Liabilities 2018: $11,596Net Assets 2018: $414,1362018Assets 2019: $511,356Liabilities 2019: $31,104Net Assets 2019: $480,2522019Assets 2020: $441,885Liabilities 2020: $2,129Net Assets 2020: $439,7562020Assets 2021: $391,854Liabilities 2021: $0Net Assets 2021: $391,8542021Assets 2022: $377,321Liabilities 2022: $0Net Assets 2022: $377,3212022Assets 2023: $469,916Liabilities 2023: $0Net Assets 2023: $469,9162023Assets 2024: $512,546Liabilities 2024: $0Net Assets 2024: $512,5462024

Highlighted filing

2023

Assets$469,916
Liabilities$0
Net Assets$469,916

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $239,787Expenses 2011: $162,404Net Income 2011: $77,3832011Revenue 2012: $275,353Expenses 2012: $191,549Net Income 2012: $83,8042012Revenue 2013: $252,948Expenses 2013: $537,470Net Income 2013: -$284,5222013Revenue 2014: $412,322Expenses 2014: $385,605Net Income 2014: $26,7172014Revenue 2015: $326,381Expenses 2015: $282,943Net Income 2015: $43,4382015Revenue 2016: $329,322Expenses 2016: $372,109Net Income 2016: -$42,7872016Revenue 2017: $300,620Expenses 2017: $313,197Net Income 2017: -$12,5772017Revenue 2018: $290,692Expenses 2018: $305,708Net Income 2018: -$15,0162018Revenue 2019: $424,005Expenses 2019: $357,889Net Income 2019: $66,1162019Revenue 2020: $336,757Expenses 2020: $377,253Net Income 2020: -$40,4962020Revenue 2021: $407,957Expenses 2021: $433,534Net Income 2021: -$25,5772021Revenue 2022: $355,236Expenses 2022: $330,011Net Income 2022: $25,2252022Revenue 2023: $328,399Expenses 2023: $255,427Net Income 2023: $72,9722023Revenue 2024: $348,183Expenses 2024: $319,338Net Income 2024: $28,8452024

Highlighted filing

2023

Revenue$328,399
Expenses$255,427
Net Income$72,972
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 7, 2024
Return Version
2023v5.1
Gross Receipts
$371,367
Mission and Program Overview

Mission

Promotion of the electrical industry

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$142,347$215,384▲ $73,037
Investments in Publicly Traded Securities$184,977$205,037▲ $20,060
Savings and Temporary Cash Investments$49,997$49,495▼ $502
Total Assets$377,321$469,916▲ $92,595
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$377,321$469,916▲ $92,595
Total Net Assets Fund Balance$377,321$469,916▲ $92,595
Total Liabilities and Net Assets / Fund Balance$377,321$469,916▲ $92,595
Compensation and Service Providers

Board Members and Trustees

NameTitle
Vicki WrenFormer Trustee
Francis MarcotteTrustee
Jack CoxTrustee
Jeremy RossTrustee
Morgan BuchananTrustee
Rob LongTrustee
Rory BerumenTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$324,658
Investment Income
$2,469
Other Revenue
$1,272
Change in Net Assets
$72,972

Audited Revenue Reconciliation

Revenue per Audited Statements
$326,309
Revenue Not Reported on Financial Statements
$2,090
Revenue Not Reported on Form 990
$19,623
Total Revenue per Audited Statements
$345,932
Total Revenue per Form 990
$328,399
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$191,390
Grants and Similar Amounts Paid$64,037
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs---$64,037
Fees for Services Lobbying---$52,250
Fees for Services Other---$15,000
Other Expenses---$12,098
Fees for Services Accounting---$8,325
Office Expenses---$7,977
Insurance---$3,923
Fees for Service Investment Mgmnt Fees---$2,090
Advertising---$950
Fees for Services Legal---$60
Total Functional Expenses$0$0$0$255,427

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$255,427
Expenses per Audited Statements$253,337
Total Expenses per Audited Statements$253,337
Expenses Not Reported on Financial Statements$2,090
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
International Brotherhood of Electrical Workers Local Union 68Denver, CO501(c)(5)To Promote the Electrical Industry$25,743
Denver Joint Electrical Apprenticeship & Training CommitteeDenver, CO501(c)(3)To Promote Electrical Apprenticeships$0
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
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$6,370
Total Exempt Function Spending$6,370

Section 527 Organizations

OrganizationLocationAmount
52-1304889Washington, DC$6,370
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

A copy of form 990 is distributed to each board member for review.

Form 990, Part VI, Section C, Line 19

Upon request, denver electrical industry joint promotional fund makes its documents available to the public by u.s. Mail.

Filing and Contact Details

Filer

Filer Name
Denver Electrical Joint Industry
EIN
84-6218180
Phone
3039373900
Address
495 UINTA WAY 240, DENVER, CO 80230

Signing Officer

Name
Rory Berumen
Title
Director
Phone
3039373900
Signed
2024-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rory Berumen
Formed
1988
Legal Domicile
Co
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
BOWERSO'NEAL LLC
Address
5540 N ACADEMY BLVD STE 200, COLORADO SPRINGS, CO 80918
Preparer
Eric Bowers CPA
Phone
7192035382
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 1, Other Accounting Method

MODIFIED CASH BASIS

Financial Statement Notes

PART X, LINE 2:

No provision has been made for federal or state income taxes as the fund is a nonprofit organization exempt from income taxes under section 501(c)(5) of the internal revenue code. Management performs an annual analysis of the fund's various tax positions, assessing the likelihood of those positions being upheld upon examination by relevant taxing authorities. Management believes the fund has conducted its operations in accordance with applicable income tax reporting requirements, and has properly maintained its tax-exempt status, and has taken no material uncertain tax positions that qualify for recognition or disclosure in the financial statements. The fund are no longer subject to u.s. Federal, state and local, or non-u.s. Income tax examinations by tax authorities for years before 2020. The fund recognizes interest and penalties, if any, related to unrecognized tax benefits in income tax expense. The fund did not have any expense for interest or penalties related to unrecognized tax benefits for the years ended december 31, 2023 and 2022.

Raw XML Appendix355 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/OtherExpensesGrp/Desc1DRUG TESTING
IRS990/OtherExpensesGrp/Desc2DEPOSITORY SERVICES AND
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NO PROVISION HAS BEEN MADE FOR FEDERAL OR STATE INCOME TAXES AS THE FUND IS A NONPROFIT ORGANIZATION EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(5) OF THE INTERNAL REVENUE CODE. MANAGEMENT PERFORMS AN ANNUAL ANALYSIS OF THE FUND'S VARIOUS TAX POSITIONS, ASSESSING THE LIKELIHOOD OF THOSE POSITIONS BEING UPHELD UPON EXAMINATION BY RELEVANT TAXING AUTHORITIES. MANAGEMENT BELIEVES THE FUND HAS CONDUCTED ITS OPERATIONS IN ACCORDANCE WITH APPLICABLE INCOME TAX REPORTING REQUIREMENTS, AND HAS PROPERLY MAINTAINED ITS TAX-EXEMPT STATUS, AND HAS TAKEN NO MATERIAL UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FUND ARE NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL, OR NON-U.S. INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2020. THE FUND RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE. THE FUND DID NOT HAVE ANY EXPENSE FOR INTEREST OR PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(5)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt117375
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO PROMOTE THE ELECTRICAL INDUSTRY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1TO PROMOTE ELECTRICAL APPRENTICESHIPS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 68
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1DENVER JOINT ELECTRICAL APPRENTICESHIP & TRAINING COMMITTEE
IRS990ScheduleI/RecipientTable/RecipientEIN0840235305
IRS990ScheduleI/RecipientTable/RecipientEIN1840477503
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt05660 LOGAN STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt15610 LOGAN STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0DENVER
IRS990ScheduleI/RecipientTable/USAddress/CityNm1DENVER
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1CO
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd080216
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd180216
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0DENVER ELECTRICAL JOINT INDUSTRY PROMOTION FUND MAINTAINS RECORDS TO SUBSTANTIATE THE AMOUNT OF ASSISTANCE AND SELECTION USED TO AWARD CONTRIBUTIONS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF FORM 990 IS DISTRIBUTED TO EACH BOARD MEMBER FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON REQUEST, DENVER ELECTRICAL INDUSTRY JOINT PROMOTIONAL FUND MAKES ITS DOCUMENTS AVAILABLE TO THE PUBLIC BY U.S. MAIL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MODIFIED CASH BASIS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XII, LINE 1, OTHER ACCOUNTING METHOD
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0377321
IRS990/TotalAssetsEOYAmt0469916
IRS990/TotalAssetsGrp/BOYAmt0377321
IRS990/TotalAssetsGrp/EOYAmt0469916
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0255427
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0377321
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0469916
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0324658
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt02469
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0325930
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0328399
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0377321
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0469916
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0495 UINTA WAY SUITE 240
IRS990/USAddress/CityNm0DENVER
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd080230
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0HTTPS://RMCNECA.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RORY BERUMEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03039373900
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DENVER ELECTRICAL JOINT INDUSTRY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0PROMOTION FUND
ReturnHeader/Filer/BusinessNameControlTxt0DENV
ReturnHeader/Filer/EIN0846218180
ReturnHeader/Filer/PhoneNum03039373900
ReturnHeader/Filer/USAddress/AddressLine1Txt0495 UINTA WAY 240
ReturnHeader/Filer/USAddress/CityNm0DENVER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd080230
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0475085570
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BOWERSO'NEAL LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05540 N ACADEMY BLVD STE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COLORADO SPRINGS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd080918
ReturnHeader/PreparerPersonGrp/PhoneNum07192035382
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ERIC BOWERS CPA
ReturnHeader/ReturnTs02024-11-15T15:10:14-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.13$0.00$5.13$3.48$3.19$0.29
2023Detailed filing. Detailed filing data is available for this year.$4.70$0.00$4.70$3.28$2.55$0.73
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.77$0.00$3.77$3.55$3.30$0.25
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.92$0.00$3.92$4.08$4.34$0.26
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.42$0.02$4.40$3.37$3.77$0.40
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.11$0.31$4.80$4.24$3.58$0.66
2018Summary only. Only limited summary data is available for this year.$4.26$0.12$4.14$2.91$3.06$0.15
2017Summary only. Only limited summary data is available for this year.$4.36$0.06$4.29$3.01$3.13$0.13
2016Summary only. Only limited summary data is available for this year.$4.42$0.00$4.42$3.29$3.72$0.43
2015Summary only. Only limited summary data is available for this year.$4.85$0.00$4.85$3.26$2.83$0.43
2014Summary only. Only limited summary data is available for this year.$4.42$0.01$4.41$4.12$3.86$0.27
2013Summary only. Only limited summary data is available for this year.$5.69$1.55$4.14$2.53$5.37$2.85
2012Summary only. Only limited summary data is available for this year.$6.99$0.00$6.99$2.75$1.92$0.84
2011Summary only. Only limited summary data is available for this year.$6.15$0.00$6.15$2.40$1.62$0.77
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2023 filings • 501(c)5 • <$500k nonprofits