Overview
What is Independent Electrical Contractors Foundation?
The Independent Electrical Contractors Foundation, abbreviated as IECF, is a nonprofit organization based in Monroeville, Pennsylvania. Their primary goal is to nurture and facilitate education and training in the electrical construction industry. They achieve this by providing financial support and equipment grants to local training and education centers. The foundation's aim is to foster the growth and professionalism of the electrical and communications industries by funding and promoting educational opportunities. With a small team of dedicated individuals, IECF plays a significant role in guiding and introducing people to fulfilling careers in these sectors.
Official website here: www.iec-foundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89%, Three-Star out of Four Stars
The Independent Electrical Contractors Foundation holds a solid Three-Star rating from Charity Navigator, reflecting a commendable overall score of 89%. The foundation excels in key areas of accountability and community engagement, showcasing a high level of financial responsibility with a program expense ratio of nearly 90%. The organization benefits from a fully independent board, demonstrating strong governance practices with no material diversion of assets noted.
While the foundation's financial management is robust, it faces some challenges in governance policies. Notably, it lacks a whistleblower policy and a document retention policy, which are essential for transparency and accountability. These gaps could impact stakeholder confidence, suggesting room for improvement in organizational processes.
Overall, the Independent Electrical Contractors Foundation demonstrates strong financial health and governance practices, but addressing the noted policy deficiencies would enhance its credibility and operational effectiveness. The high scores in both culture and community indicate a commitment to its mission and the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Independent Electrical Contractors Foundation legitimate?
Independent Electrical Contractors Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Independent Electrical Contractors Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $105,996
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.iec-foundation.org
What is the mission statement of Independent Electrical Contractors Foundation?
The Independent Electrical Contractors Foundation has a mission to foster education and training in the electrical construction industry. This is done with the aim of ensuring the industry's future growth and professionalism. The foundation achieves this by funding, promoting, and supporting educational opportunities in the electrical and communications industries. Through equipment grants, they provide opportunities for individuals to be introduced and guided towards successful and satisfying careers in these industries, primarily through local training and education centers.
Official website here: www.iec-foundation.org
Who is the CEO of Independent Electrical Contractors Foundation?
Tom Alexander is the Chairman of Independent Electrical Contractors Foundation.
Official website here: www.iec-foundation.org
What is the revenue of Independent Electrical Contractors Foundation?
Independent Electrical Contractors Foundation's revenue in 2022 was $1,876,841.
Official website here: www.iec-foundation.org
Who are the executives of Independent Electrical Contractors Foundation and what are their salaries?
The average compensation at Independent Electrical Contractors Foundation during 2022 was $105,996. There is 1 employee and 42 volunteers at Independent Electrical Contractors Foundation.
Here are 19 key members and their salaries:
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Official website here: www.iec-foundation.org
Where can I find the form 990 for Independent Electrical Contractors Foundation?
Independent Electrical Contractors Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.iec-foundation.org
Learn more at the official website: www.iec-foundation.org
Mission Statement of Independent Electrical Contractors Foundation
The Independent Electrical Contractors Foundation is committed to fostering education and training in the electrical construction industry. Its mission is to fund, promote, and support educational opportunities in the electrical and communications sectors. The foundation aims to ensure the industry's future growth and professionalism by providing resources for local training and education centers. Through equipment grants, the foundation introduces and guides individuals, both men and women, towards successful and satisfying careers in the electrical and communications industries. The Independent Electrical Contractors Foundation's activities are geared towards nurturing the next generation of professionals in this field, thereby ensuring the industry's continued growth and development.
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Impact
July, 2024
The Independent Electrical Contractors Foundation has a significant impact on the electrical construction industry by fostering education and training opportunities. Through equipment grants provided to local training and education centers, the foundation plays a crucial role in introducing men and women to rewarding careers in the electrical and communications industries. By funding, promoting, and supporting educational opportunities, the foundation contributes to the industry's future growth and professionalism. This initiative ultimately helps to address employment needs and develop a skilled workforce within the sector.
This information is meant to be a general summary of Independent Electrical Contractors Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $60,626
- Program Service Revenue: $394,826
- Gross Receipts: $1,963,075
Assets and Liabilities:
- Total Assets: $2,463,956
- Total Liabilities: $45,402
- Net Assets: $2,418,554
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEETINGS AND EVENTS
Revenue
$318,403
CHAPTER EDUCATION
Revenue
$76,423
Organization Details
Founding Year
1996
Principal Officer
Tom Alexander
Main Address
PO BOX 1015, MONROEVILLE, PA, 15146
Website
www.iec-foundation.orgNTEE Category
Code: J22 - Employment
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