Civic Intelligence

Laco Elec Inc

990 • Fiscal year 2017 • EIN 95-1474820

Oct 01, 2016 to Sep 30, 2017 • Filed on Feb 08, 2018

Organization ProfileN/A
297 N Marengo AvePasadena, CA 91101

(626) 243-9700

Siviq Scores

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

Liabilities / Assets

41st percentile

0.06x

Higher debt load relative to assets than 41% of similar nonprofits.

2017 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

38th percentile

0.31x

Higher debt load relative to revenue than 38% of similar nonprofits.

2017 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2017

Net Margin

8th percentile

-113%

Higher net margin than 8% of similar nonprofits.

2017 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

85th percentile

$273,349

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 56.5% of source-year revenue.

2017 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2017

Asset Growth

9th percentile

-8.1%

Faster asset growth than 9% of similar nonprofits.

2017 filings • 501(c)2 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

47th percentile

0.8%

Faster revenue growth than 47% of similar nonprofits.

2017 filings • 501(c)2 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets41st percentile

Assets

Down

$2,421,809

Down $212,905 (-8.1%) from 2016

Net Assets

Down

$2,271,931

Down $231,067 (-9.2%) from 2016

Liabilities

Up

$149,878

Up $18,162 (+14%) from 2016

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin8th percentile

Revenue

Up

$483,415

Up $3,994 (+0.8%) from 2016

Expenses

Up

$1,029,056

Up $32,868 (+3.3%) from 2016

Net Income

Down

-$545,641

Down $28,874 (-5.6%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth9th percentile

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

$15M$10M$5.0M$0Assets 2011: $2,355,758Liabilities 2011: $115,666Net Assets 2011: $2,240,0922011Assets 2012: $2,753,542Liabilities 2012: $133,877Net Assets 2012: $2,619,6652012Assets 2013: $2,667,978Liabilities 2013: $133,024Net Assets 2013: $2,534,9542013Assets 2014: $2,704,079Liabilities 2014: $137,080Net Assets 2014: $2,566,9992014Assets 2015: $2,842,971Liabilities 2015: $134,511Net Assets 2015: $2,708,4602015Assets 2016: $2,634,714Liabilities 2016: $131,716Net Assets 2016: $2,502,9982016Assets 2017: $2,421,809Liabilities 2017: $149,878Net Assets 2017: $2,271,9312017Assets 2018: $2,210,486Liabilities 2018: $144,494Net Assets 2018: $2,065,9922018Assets 2019: $2,009,438Liabilities 2019: $145,801Net Assets 2019: $1,863,6372019Assets 2020: $10,676,263Liabilities 2020: $140,753Net Assets 2020: $10,535,5102020Assets 2021: $10,349,930Liabilities 2021: $94,585Net Assets 2021: $10,255,3452021Assets 2022: $6,676,848Liabilities 2022: $95,242Net Assets 2022: $6,581,6062022Assets 2023: $3,792,390Liabilities 2023: $0Net Assets 2023: $3,792,3902023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2017

Assets$2,421,809
Liabilities$149,878
Net Assets$2,271,931
Open 2017 Filing

Operations Trend

Revenue Growth47th percentile

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

$10M$5.0M$0-$5.0MRevenue 2011: $435,715Expenses 2011: $726,684Net Income 2011: -$290,9692011Revenue 2012: $433,619Expenses 2012: $689,012Net Income 2012: -$255,3932012Revenue 2013: $472,253Expenses 2013: $773,400Net Income 2013: -$301,1472013Revenue 2014: $479,913Expenses 2014: $759,631Net Income 2014: -$279,7182014Revenue 2015: $476,325Expenses 2015: $860,751Net Income 2015: -$384,4262015Revenue 2016: $479,421Expenses 2016: $996,188Net Income 2016: -$516,7672016Revenue 2017: $483,415Expenses 2017: $1,029,056Net Income 2017: -$545,6412017Revenue 2018: $370,221Expenses 2018: $1,009,746Net Income 2018: -$639,5252018Revenue 2019: $337,157Expenses 2019: $1,414,198Net Income 2019: -$1,077,0412019Revenue 2020: $9,576,308Expenses 2020: $821,235Net Income 2020: $8,755,0732020Revenue 2021: $313,287Expenses 2021: $710,888Net Income 2021: -$397,6012021Revenue 2022: $202,316Expenses 2022: $3,353,949Net Income 2022: -$3,151,6332022Revenue 2023: $79,098Expenses 2023: $3,000,155Net Income 2023: -$2,921,0572023Revenue 2024: -$176,435Expenses 2024: $4,038,481Net Income 2024: -$4,214,9162024

Highlighted filing

2017

Revenue$483,415
Expenses$1,029,056
Net Income-$545,641
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Feb 8, 2018
Return Version
2016v3.1
Gross Receipts
$483,415
Mission and Program Overview

Mission

TITLE-HOLDING ENTITY

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,463,574$2,309,950▼ $153,624
Rtn Earn Endowment Incm Other Fnds$2,302,998$2,071,931▼ $231,067
Cap Stk Tr Prin Current Funds$200,000$200,000→ $0
Prepaid Expenses and Deferred Charges$97,894$100,237▲ $2,343
Cash and Non-Interest-Bearing Accounts$53,393$10,106▼ $43,287
Accounts Receivable$19,853$1,516▼ $18,337
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$2,634,714$2,421,809▼ $212,905
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$119,337$137,499▲ $18,162
Other Liabilities$12,379$12,379→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$131,716$149,878▲ $18,162
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,502,998$2,271,931▼ $231,067
Total Liabilities and Net Assets / Fund Balance$2,634,714$2,421,809▼ $212,905

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,212,180$3,713,717$4,925,897
Land$1,097,770-$1,097,770
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleOtherTotal
Barry MeyerTrustee$14,950$14,950
Chris BerryTrustee$10,339$10,339
Art DiazTrustee$10,244$10,244
Herbert CampbellTrustee$9,142$9,142
Dennis SandersonTrustee$9,123$9,123
Kevin JohnsonTrustee$8,876$8,876
John Harriel JrTrustee$6,869$6,869

Board Members and Trustees

NameTitle
Richard ReedPresident
Jane TemplinVice President
Marvin KropkeBus. Mgr./fin. Sec.
Eric BrownSecretary
Luis Arida JrTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$483,415
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-545,641

Audited Revenue Reconciliation

Revenue per Audited Statements
$483,415
Revenue Not Reported on Form 990
$314,574
Total Revenue per Audited Statements
$797,989
Total Revenue per Form 990
$483,415
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,029,056
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy---$334,978
Depreciation Depletion---$237,748
Insurance---$73,694
Fees for Services Legal---$64,229
Other Expenses---$56,547
Fees for Services Accounting---$21,250
Total Functional Expenses$0$0$0$1,029,056

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,029,056
Total Expenses per Audited Statements$1,029,056
Total Expenses per Form 990$1,029,056
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$12,379
Governance and Compliance

Governance Checklist

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

Governance Explanations

Part VI, LINE 6:

“INTERNATIONAL Brotherhood of Electrical Workers Local 11 IS THE sole SHAREHOLDER OF Laco Elec, Inc. Part VI, Line 7: Regular members of INTERNATIONAL Brotherhood of Electrical Workers Local 11 elect members of the corporation's governing body and approve the decisions of the governing body. PART VI, LINE 8B: THE CORPORATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. Part VI, Line 11B: Form 990 was reviewed by an officer before it was filed. Part VI, Line 12c: Officers are required to notify the corporation of any changes in their interests that could give rise to conflicts. Part VI, Line 15: Officers of the corporation serve without compensation. Part VI, Line 19: The corporation's governing documents, conflict of interest policy and financial statements are maintained in the corporation's office and available upon request. Part XI, Line 9 - Reconciliation of net assets: Write-off intercompany - International Brotherhood of Electrical Workers Local Union No. 11 - $314,574.”

Filing and Contact Details

Filer

Filer Name
Laco Elec Inc
EIN
95-1474820
In Care Of
% RICHARD REED
Phone
6262439700
Address
297 N MARENGO AVE, PASADENA, CA 91101

Signing Officer

Name
Marvin Kropke
Title
business mgr/fin sec
Phone
6262439700
Signed
2018-02-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marvin Kropke
Formed
1947
Legal Domicile
CA
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
0

Preparer

Firm
Miller Kaplan Arase Llp
Address
4123 LANKERSHIM BLVD, NORTH HOLLYWOOD, CA 91602-2828
Preparer
Alexandra Chernyak
Phone
8187692010
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

“Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Laco Elec, Inc. and recognize a tax liability if the Laco Elec, Inc. has taken a tax position that more likely than not would not be sustained upon examination by a tax authority. The Laco Elec, Inc. is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Part XI, Line 2d: Write-off Intercompany - International Brotherhood of Electrical Workers Local Union No. 11 - $314,574”

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IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TITLE-HOLDING ENTITY
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
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IRS990/NetAssetsOrFundBalancesEOYAmt02271931
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
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IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt0334978
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IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
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IRS990/OtherAssetsTotalGrp/EOYAmt00
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1ALLOC. SALARIES AND COSTS
IRS990/OtherExpensesGrp/Desc2PROPERTY TAXES
IRS990/OtherExpensesGrp/Desc3JANITORIAL SVCS. & SUPPLIES
IRS990/OtherExpensesGrp/TotalAmt064388
IRS990/OtherExpensesGrp/TotalAmt173326
IRS990/OtherExpensesGrp/TotalAmt2102896
IRS990/OtherExpensesGrp/TotalAmt356547
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IRS990/OtherLiabilitiesGrp/EOYAmt012379
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IRS990/PartialLiquidationInd0false
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IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt097894
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0100237
IRS990/PrincipalOfficerNm0MARVIN KROPKE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0483415
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0483415
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYOtherExpensesAmt0996188
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0479421
IRS990/PYRevenuesLessExpensesAmt0-516767
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IRS990/PYTotalExpensesAmt0996188
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0479421
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IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-545641
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02302998
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02071931
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01212180
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03713717
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04925897
IRS990ScheduleD/ExpensesSubtotalAmt01029056
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01097770
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01097770
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012379
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherRevenueAmt0314574
IRS990ScheduleD/RevenueNotReportedAmt0314574
IRS990ScheduleD/RevenueSubtotalAmt0483415
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Laco Elec, Inc. and recognize a tax liability if the Laco Elec, Inc. has taken a tax position that more likely than not would not be sustained upon examination by a tax authority. The Laco Elec, Inc. is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Part XI, Line 2d: Write-off Intercompany - International Brotherhood of Electrical Workers Local Union No. 11 - $314,574
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02309950
IRS990ScheduleD/TotalExpensesPerForm990Amt01029056
IRS990ScheduleD/TotalLiabilityAmt012379
IRS990ScheduleD/TotalRevenuePerForm990Amt0483415
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0797989
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01029056
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0205445
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1161330
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2143207
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt3134994
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt038220
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt138220
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt238220
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt338220
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt029684
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt129684
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt229684
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt329684
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MARVIN KROPKE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1RICHARD REED
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2ERIC BROWN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3LUIS ARIDA JR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0BUS. MGR./FIN. SEC.
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0273349
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1229234
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2211111
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt3202898
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INTERNATIONAL Brotherhood of Electrical Workers Local 11 IS THE sole SHAREHOLDER OF Laco Elec, Inc. Part VI, Line 7: Regular members of INTERNATIONAL Brotherhood of Electrical Workers Local 11 elect members of the corporation's governing body and approve the decisions of the governing body. PART VI, LINE 8B: THE CORPORATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. Part VI, Line 11B: Form 990 was reviewed by an officer before it was filed. Part VI, Line 12c: Officers are required to notify the corporation of any changes in their interests that could give rise to conflicts. Part VI, Line 15: Officers of the corporation serve without compensation. Part VI, Line 19: The corporation's governing documents, conflict of interest policy and financial statements are maintained in the corporation's office and available upon request. Part XI, Line 9 - Reconciliation of net assets: Write-off intercompany - International Brotherhood of Electrical Workers Local Union No. 11 - $314,574.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI, LINE 6:
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0na
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0IBEW LOCAL UNION NO 11
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0950516994
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(5)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0local union

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,421,809
Liabilities
$149,878
Net assets
$2,271,931
Revenue
$483,415
Expenses
$1,029,056
Net income
-$545,641
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.18$4.04$4.21
2023Detailed filing. Detailed filing data is available for this year.$3.79$0.00$3.79$0.08$3.00$2.92
2022Detailed filing. Detailed filing data is available for this year.$6.68$0.10$6.58$0.20$3.35$3.15
2021Detailed filing. Detailed filing data is available for this year.$10.3$0.09$10.3$0.31$0.71$0.40
2020Detailed filing. Detailed filing data is available for this year.$10.7$0.14$10.5$9.58$0.82$8.76
2019Detailed filing. Detailed filing data is available for this year.$2.01$0.15$1.86$0.34$1.41$1.08
2018Detailed filing. Detailed filing data is available for this year.$2.21$0.14$2.07$0.37$1.01$0.64
2017Detailed filing. Detailed filing data is available for this year.$2.42$0.15$2.27$0.48$1.03$0.55
2016Detailed filing. Detailed filing data is available for this year.$2.63$0.13$2.50$0.48$1.00$0.52
2015Detailed filing. Detailed filing data is available for this year.$2.84$0.13$2.71$0.48$0.86$0.38
2014Summary only. Only limited summary data is available for this year.$2.70$0.14$2.57$0.48$0.76$0.28
2013Summary only. Only limited summary data is available for this year.$2.67$0.13$2.53$0.47$0.77$0.30
2012Summary only. Only limited summary data is available for this year.$2.75$0.13$2.62$0.43$0.69$0.26
2011Summary only. Only limited summary data is available for this year.$2.36$0.12$2.24$0.44$0.73$0.29