NJ Chapter Iec INC FY2020 filing

Somerset, NJUnknown exempt organization EIN 22-3789708Revenue $296K in FY2020Latest return filed May 15, 2025

On file with the IRSnj-iec.org20 Worlds Fair Drive Ste F · Somerset, NJ

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Provide benefits for its members

90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $33K a year · 10% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
8 mo
of spending, in cash
Looks good: 7.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $7K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$296K
Spent
$218K
To programs
90%
Net assets
$143K
By yearFY2020–FY2024
Revenue
$296K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$296K
FY2021$333K
FY2022$200K
FY2023$434K
FY2024$456K
Expenses
$218K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$218K
FY2021$319K
FY2022$288K
FY2023$336K
FY2024$395K
Net assets
$143K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$143K
FY2021$158K
FY2022$70K
FY2023$168K
FY2024$229K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $196K Management & general 10% · $22K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer 2020
$0Pt VII · Sec A
See NJ Chapter Iec INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers benefits to its members.

Questions for NJ Chapter Iec INC

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Your first name shows with your question. NJ Chapter Iec INC answers here, for everyone.

1 program · $196K · in their own filed words · FY2020
01

Apprenticeship school

$196Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2020
Total grants receivedfrom 1 funder$7K
Grants paid · 1 grant · $5K · 2021–2021
Njchapteriec AnjnonprofitcorpFY2021$5,359

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$296K
Ln 12
Gifts and grantsLn 1h$273K
Fees for servicesLn 2g$23K
Investment incomeLn 3$68
Money outPt IX
$218K
Ln 25
Programscol B$196K
Managementcol C$22K
Owns and owesPt X
$143K
net assets · Ln 32
Cash and savingsLn 1–2$143K
Total assetsLn 16$143K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$273K
Fees for servicesLn 2g$23K
Investment incomeLn 3$68
Gains on assetsLn 7$0
Total revenueLn 12$296K
Assets in detailPt X, end of year
CashLn 1$43K
SavingsLn 2$100K
Cash and savings togetherLn 1–2$143K
Total assetsLn 16$143K
LiabilitiesLn 26$0
Net assetsLn 32$143K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$65K$143K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$65K$143K
LiabilitiesLn 26$0$0
Net assetsLn 32$65K$143K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$600$540$60
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$48K$44K$5K
Advertising and promotionLn 12$1K$1K$137
Office expensesLn 13$7K$7K$722
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$13K$12K$1K
TravelLn 17$9K$8K$903
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$3K$2K$269
Other expenses (24a–d)Ln 24$135K$121K$13K
All other expensesLn 24e$250$225$25
Total functional expensesLn 25$218K$196K$22K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS May 15, 2025 $456K$395K$61K$229K 990 PDF
FY2023Filed with the IRS Nov 13, 2024 $434K$336K$98K$168K 990 PDF
FY2022Filed with the IRS Oct 30, 2023 $200K$288K−$88K$70K 990 PDF
FY2021Filed with the IRS Oct 9, 2023 $333K$319K$14K$158K 990 PDF
FY2020 ViewingFiled with the IRS Oct 2, 2023 $296K$218K$79K$143K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $296,353 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $119,614$273,276
I-9 Program service revenuePrior year $10,200$23,009
I-10 Investment income$68
I-11 Other revenuePrior year $4,596$0
I-12 Total revenuePrior year $134,410$296,353
I-13 Grants and similar amounts paidPrior year $24,466$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $78,556$217,682
I-18 Total expensesPrior year $103,022$217,682
I-19 Revenue less expensesPrior year $31,388$78,671
Part VI · Governance 0 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $296,353 across 10 lines filed
VIII-1b Membership dues$172,720
VIII-1f All other contributions, gifts and grants$100,556
VIII-1h Total contributions, gifts and grants$273,276
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $23,009$23,009
VIII-3 Investment incomeRelated to mission $68$68
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $23,077$296,353
Part IX · Statement of functional expenses $217,682 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $540 · Management $60$600
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $43,571 · Management $4,841$48,412
IX-12 Advertising and promotionPrograms $1,229 · Management $137$1,366
IX-13 Office expensesPrograms $6,502 · Management $722$7,224
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $12,146 · Management $1,350$13,496
IX-17 TravelPrograms $8,126 · Management $903$9,029
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $2,419 · Management $269$2,688
IX-24 Other expenses (24a–d)Programs $121,156 · Management $13,461$134,617
IX-24e All other expensesPrograms $225 · Management $25$250
IX-25 Total functional expensesPrograms $195,914 · Management $21,768 · Fundraising $0$217,682
Part X · Balance sheet $143,221 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $64,550$43,116
X-2 Savings and temporary cash investments$100,105
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $64,550$143,221
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $64,550$143,221
X-32 Total net assets or fund balancesStart of year $64,550$143,221
X-33 Total liabilities and net assetsStart of year $64,550$143,221
Part XI · Reconciliation of net assets $143,221 net assets at year end
XI-1 Total revenue$296,353
XI-2 Total expenses$217,682
XI-3 Revenue less expenses$78,671
XI-4 Net assets at start of year$64,550
XI-10 Net assets at end of year$143,221

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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