NORTH CAROLINA ASSOCIATION OF ELECTRICAL CONTRACTORS INC

EIN: 566048360

GREENSBORO, NC

Total Revenue
$324,325
Total Expenses
$297,078
Total Assets
$235,615
Net Assets
$211,020
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Financial Trends

Organization Details

Formation Year
1937
Legal Domicile
NC
Principal Officer
TERRY CROMER
Phone
3368548354
Tax Period
2023-01-01 to 2023-12-31

NORTH CAROLINA ASSOCIATION OF ELECTRICAL CONTRACTORS INC, founded in 1937, is a small nonprofit that reported $324K in total revenue in fiscal year 2023. Expenses of $297K left a modest 8% surplus.

Mission

TO PROFESSIONALLY SERVE THE ELECTRICAL INDUSTRY THROUGH QUALITY SERVICE, TRAINING AND SAFETY. NCAEC WORKS DILIGENTLY TO DELIVER A STRONG VOICE FOR THE NEEDS OF ELECTRICAL CONTRACTORS BE THEY A ONE-MAN OR A HUNDRED MAN ELECTRICAL COMPANY. NCAEC KEEPS MEMBERS UP TO DATE WITH LEGISLATIVE INITITATIVES THAT PROTECT THE RIGHTS OF ELECTRICAL CONTRACTORS. NCAEC OFFERS A VARIETY OF EDUCATIONAL TRAINING PROGRAMS THAT HELP ITS MEMBERS RENEW THEIR ELECTRICAL CONTRACTOR'S LICENSES.

Program Service Accomplishments

Program 1
Expenses: $54,700 Revenue: $59,180

THE ANNUAL CONVENTION OFFERS CONTINUNG EDUCATION WITH HIGH ATTENDANCE AT THE 8 SESSIONS. 8 HOURS OF CONTINUING EDUCATION ARE AVAILABLE TOWARDS THE RENEWAL OF MEMBERS' ELECTRICAL LICENSES. THE...

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THE ANNUAL CONVENTION OFFERS CONTINUNG EDUCATION WITH HIGH ATTENDANCE AT THE 8 SESSIONS. 8 HOURS OF CONTINUING EDUCATION ARE AVAILABLE TOWARDS THE RENEWAL OF MEMBERS' ELECTRICAL LICENSES. THE CONVENTION ALSO OFFERS NETWORKING OPPORTUNITIES WITH OTHER MEMBERS AND VENDORS. THE TRADESHOW HELD DURING THE CONVENTION ALLOWS CONTRACTORS TO SEE THE LATEST TECHNOLOGICAL ADVANCES IN MATERIALS AND EQUIPMENT.

Program 2
Expenses: $17,176 Revenue: $31,150

THE ANNUAL GOLF TOURNAMENT HELD AT COLONIAL COUNTRY CLUB IN THOMASVILLE WAS OPEN TO ASSOCIATION MEMBERS AS A WAY TO RAISE FUNDS WHILE ALLOWING MEMBERS TO ENJOY A TIME OF NETWORKING WITH FELLOW...

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THE ANNUAL GOLF TOURNAMENT HELD AT COLONIAL COUNTRY CLUB IN THOMASVILLE WAS OPEN TO ASSOCIATION MEMBERS AS A WAY TO RAISE FUNDS WHILE ALLOWING MEMBERS TO ENJOY A TIME OF NETWORKING WITH FELLOW MEMBERS AND TO BECOME UPDATED ON THE LATEST EVENTS & HAPPENINGS WITHIN THE ASSOCATION. ~ 312 MEMBERS ATTENDED THE TOURNAMENT. EXPENSES INCLUDED VENUE RENTAL, RERESHMENTS, ADVERTISING, PRIZES AND ENTERTAINMENT AND ADMINISTRATIVE COSTS.

Program 3
Expenses: $24,858 Revenue: $10,731

NCAEC OFFERS APPRENTICESHIP TRAINING PROGRAMS IN WHICH TRAINEES CAN WORK WITH LICENSED PROFESSIONALS FOR ON-THE-JOB TRAINING ALONG WITH CLASSROOM STUDY. THESE PROGRAMS ALLOW THE TRAINEES TO GAIN...

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NCAEC OFFERS APPRENTICESHIP TRAINING PROGRAMS IN WHICH TRAINEES CAN WORK WITH LICENSED PROFESSIONALS FOR ON-THE-JOB TRAINING ALONG WITH CLASSROOM STUDY. THESE PROGRAMS ALLOW THE TRAINEES TO GAIN COMPETENCIES THAT WILL ASSIST THEM IN UNDERSTANDING THE PROFESSION, ENCOURAGE NETWORKING WITH PROFESSIONALS AND WORK TOWARD POTENTIALLY EARNING THEIR PROFESSIONAL LICENSE.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $303,543
Investment Income $41
Other Revenue $20,741
TOTAL REVENUE $324,325

Expense Breakdown

Grants Paid $0
Salaries & Benefits $100,694
Fundraising Expenses $25,225
Program Expenses $96,734
Other Expenses $196,384
TOTAL EXPENSES $297,078

Year-over-Year Comparison

2023 2022 Change
Revenue $324,325 $313,941 +0.0%
Expenses $297,078 $306,963 0.0%
Net Income $27,247 $6,978 +2.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
21
Independent Members
21
Employees
3
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$0
Total Directors
21
$9,168
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERRY CROMER EXECUTIVE DIRECTOR 30
Director
$9,168 $0 $9,168
CHRIS BENKOSKY SECRETARY 10
Officer Director
$0 $0 $0
KIRK HOUSER CHAIRMAN 10
Officer Director
$0 $0 $0
STAN BOOKER TREASURER 10
Officer Director
$0 $0 $0
RICKY ROUSE DIRECTOR 5
Director
$0 $0 $0
TODD ROUSH DIRECTOR 5
Director
$0 $0 $0
LEE HOILMAN DIRECTOR 5
Director
$0 $0 $0
SAM OGBURN DIRECTOR 5
Director
$0 $0 $0
EDDIE JONES DIRECTOR 5
Director
$0 $0 $0
KEVIN ADKINS DIRECTOR 5
Director
$0 $0 $0
RODNEY COATES DIRECTOR 5
Director
$0 $0 $0
TIM EMORY DIRECTOR 5
Director
$0 $0 $0
KELLY MATTHEWS DIRECTOR 5
Director
$0 $0 $0
TODD JONES ATTORNEY 5
Director
$0 $0 $0
LARRY WILSON DIRECTOR 5
Director
$0 $0 $0
STUART LANEY DIRECTOR 5
Director
$0 $0 $0
JOHN SANDERS 2ND VICE CHAIRMAN 10
Officer Director
$0 $0 $0
JD HENIGMAN DIRECTOR 5
Director
$0 $0 $0
JEROME DIXON FIRST VICE CHAIRMAN 10
Officer Director
$0 $0 $0
BRIAN LAWRENCE DIRECTOR 5
Director
$0 $0 $0
ED HORNE DIRECTOR 5
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $324,325 $297,078 $235,615 $27,247
2022 $313,941 $306,963 $194,238 $6,978
2021 $206,526 $220,685 $187,887 $-14,159
2020 $202,660 $201,783 $185,537 $877
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