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Electric Association

Not tax-deductible

Oakbrook Ter, IL501(c)(6)Mutual / membership EIN 36-1033430Revenue $208K in FY2024

On file with the IRSeachicago.org17w733 Butterfield Rd Ste B, 60181-4281 · Oakbrook Ter, ILTax-exempt since Aug 1942

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The Association sponsors membership meetings and other activities attended by persons in the electrical industry. The meetings and activities provide attendees an opportunity to meet.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
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
2 of 5
filings with a surplus
Average deficit $11K a year · 6% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
34
of 34 voting members
Looks good: 34 of 34 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$208K
+34% vs prior year
Spent
$201K
To programs
0%
Net assets
$24K
By yearFY2020–FY2024
Revenue
$208K
FY2024▲ +34%
Tap a bar for its year
Revenue by fiscal year
FY2020$227K
FY2021$157K
FY2022$188K
FY2023$155K
FY2024$208K
Expenses
$201K
FY2024▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$221K
FY2021$180K
FY2022$196K
FY2023$192K
FY2024$201K
Net assets
$24K
FY2024▲ +35%
Tap a bar for its year
Net assets by fiscal year
FY2020$86K
FY2021$63K
FY2022$54K
FY2023$18K
FY2024$24K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1942.

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

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Linda Fox
President
$0Pt VII · Sec A
$0Pt VII · Sec A
George Callas
Past Preside
$0Pt VII · Sec A
Mike Wall
Treasurer
$0Pt VII · Sec A
Jerry McGlynn
Secretary
$0Pt VII · Sec A
See Electric Association executive salaries →

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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 15aYes

Programs and updates

Connects electrical industry professionals through meetings and networking events.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

The association sponsors membership meetings and other activities attended by persons in the electrical business.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$208K
Ln 12
Fees for servicesLn 2g$208K
Money outPt IX
$201K
Ln 25
Owns and owesPt X
$24K
net assets · Ln 32
Cash and savingsLn 1–2$24K
Total assetsLn 16$24K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a34
IndependentVI 1b34
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$208K
Total revenueLn 12$208K
Assets in detailPt X, end of year
CashLn 1$24K
Cash and savings togetherLn 1–2$24K
Total assetsLn 16$24K
LiabilitiesLn 26$0
Net assetsLn 32$24K
OperationsPt I, VI
EmployeesI 53
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$18K$24K
Total assetsLn 16$18K$24K
LiabilitiesLn 26$0$0
Net assetsLn 32$18K$24K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$83K
Payroll taxesLn 10$46K
Legal feesLn 11b$5K
Accounting feesLn 11c$4K
Office expensesLn 13$5K
OccupancyLn 16$24K
TravelLn 17$80
Conferences, conventions and meetingsLn 19$1K
InsuranceLn 23$4K
Other expenses (24a–d)Ln 24$25K
All other expensesLn 24e$4K
Total functional expensesLn 25$201K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $208K$201K$6K$24K 990 PDF
FY2023 $155K$192K−$37K$18K 990 PDF
FY2022 $188K$196K−$8K$54K 990 PDF
FY2021 $157K$180K−$23K$63K 990 PDF
FY2020 $227K$221K$6K$86K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $207,673 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $154,994$207,673
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $154,994$207,673
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $111,460$129,237
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $80,346$72,247
I-18 Total expensesPrior year $191,806$201,484
I-19 Revenue less expensesPrior year −$36,812$6,189
Part VI · Governance 34 of 34 board members independent, no flags
VI-1a Voting members of the governing body34
VI-1b Independent voting members34
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $207,673 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $207,673$207,673
VIII-12 Total revenueRelated to mission $207,673$207,673
Part IX · Statement of functional expenses $201,484 across 11 lines filed
IX-7 Other salaries and wages$82,788
IX-10 Payroll taxes$46,449
IX-11b Legal fees$5,469
IX-11c Accounting fees$3,775
IX-13 Office expenses$5,162
IX-16 Occupancy$23,556
IX-17 Travel$80
IX-19 Conferences, conventions and meetings$1,095
IX-23 Insurance$3,702
IX-24 Other expenses (24a–d)$25,129
IX-24e All other expenses$4,279
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$201,484
Part X · Balance sheet $23,840 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $17,686$23,840
X-16 Total assetsStart of year $17,686$23,840
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $17,686$23,840
X-32 Total net assets or fund balancesStart of year $17,686$23,840
X-33 Total liabilities and net assetsStart of year $17,686$23,840
Part XI · Reconciliation of net assets $23,840 net assets at year end
XI-1 Total revenue$207,673
XI-2 Total expenses$201,484
XI-3 Revenue less expenses$6,189
XI-4 Net assets at start of year$17,686
XI-9 Other changes in net assets−$35
XI-10 Net assets at end of year$23,840

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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