National Electrical Contractors Assn Eastern Oklahoma Chapter

Not tax-deductible

Broken Arrow, OK501(c)(6)EIN 73-0554232Revenue $274K in FY2024

On file with the IRSPo Box 140968, 74014-0009 · Broken Arrow, OKTax-exempt since Apr 1948

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Provide management and administrative services for the electrical contractors of Eastern Oklahoma and to promote the electrical trade.

37¢ of each $1 spent went to programs.
$88K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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
1 of 5
filings with a surplus
Average deficit $8K a year · 3% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
37%
of spending
Concern: 37% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$88K
to officers and key staff · 29% of spending
Worth a look: pay to officers and key staff is 29% of spending; over 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4K
0.9% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 7 voting members
Looks good: 9 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$274K
+50% vs prior year
Spent
$302K
To programs
37%
Net assets
$468K
By yearFY2020–FY2024
Revenue
$274K
FY2024▲ +50%
Tap a bar for its year
Revenue by fiscal year
FY2020$484K
FY2021$255K
FY2022$108K
FY2023$183K
FY2024$274K
Expenses
$302K
FY2024▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2020$184K
FY2021$283K
FY2022$313K
FY2023$262K
FY2024$302K
Net assets
$468K
FY2024▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$896K
FY2021$868K
FY2022$518K
FY2023$482K
FY2024$468K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1948.

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

Where the money goes

37 cents of each dollar spent went to programs.

Program services 37% · $111K Management & general 63% · $191K

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

4 people listed on the 990; $88K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$88,413Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Governor
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Larry Lafave$88,413$84,756$84,763$104,602$26,326

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See National Electrical Contractors Assn Eastern Oklahoma Chapter 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 15aNo

Programs and updates

Supports Eastern Oklahoma electrical contractors with services and promotes the trade.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

Management and administrative services for the electrical contractors of Eastern OK and to promote the electrical trade.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$274K
Ln 12
Fees for servicesLn 2g$99K
Investment incomeLn 3$92K
Gifts and grantsLn 1h$83K
Money outPt IX
$302K
Ln 25
Programscol B$111K
Managementcol C$191K
Owns and owesPt X
$468K
net assets · Ln 32
Cash and savingsLn 1–2$50K
Total assetsLn 16$473K
LiabilitiesLn 26$4K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$83K
Fees for servicesLn 2g$99K
Investment incomeLn 3$92K
Gains on assetsLn 7$83K
Total revenueLn 12$274K
Assets in detailPt X, end of year
CashLn 1$50K
Cash and savings togetherLn 1–2$50K
InvestmentsLn 11–13$419K
Land, buildings, equipmentLn 10c$228
Other assetsLn 15$950
Total assetsLn 16$473K
LiabilitiesLn 26$4K
Net assetsLn 32$468K
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
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 FY24End FY24
Cash and savingsLn 1–2$24K$50K
InvestmentsLn 11–13$458K$419K
Land, buildings, equipmentLn 10c$685$228
Total assetsLn 16$486K$473K
LiabilitiesLn 26$4K$4K
Net assetsLn 32$482K$468K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$88K$0$88K$0
Pension plan contributionsLn 8$7K$0$7K$0
Other employee benefitsLn 9$12K$0$12K$0
Payroll taxesLn 10$7K$0$7K$0
Accounting feesLn 11c$27K$27K$0$0
Investment management feesLn 11f$5K$0$5K$0
Other fees for servicesLn 11g$6K$6K$0$0
Office expensesLn 13$4K$2K$2K$0
Information technologyLn 14$3K$1K$1K$0
OccupancyLn 16$9K$4K$4K$0
Conferences, conventions and meetingsLn 19$81K$25K$55K$0
Depreciation, depletion and amortizationLn 22$457$0$457$0
InsuranceLn 23$3K$0$3K$0
Other expenses (24a–d)Ln 24$38K$35K$4K$0
All other expensesLn 24e$12K$11K$440$0
Total functional expensesLn 25$302K$111K$191K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $274K$302K−$28K$468K 990 PDF
FY2023 $183K$262K−$79K$482K 990 PDF
FY2022 $108K$313K−$204K$518K 990 PDF
FY2021 $255K$283K−$28K$868K 990 PDF
FY2020 $484K$184K$300K$896K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $274,478 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $74,623$82,966
I-9 Program service revenuePrior year $51,003$99,304
I-10 Investment incomePrior year $56,928$92,208
I-11 Other revenue$0
I-12 Total revenuePrior year $182,554$274,478
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $111,806$115,123
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $150,103$187,160
I-18 Total expensesPrior year $261,909$302,283
I-19 Revenue less expensesPrior year −$79,355−$27,805
Part VI · Governance 9 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members9
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 $274,478 across 6 lines filed
VIII-1b Membership dues$82,966
VIII-1h Total contributions, gifts and grants$82,966
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$99,304
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$9,097
VIII-7 Net gain or loss on sales of assetsRelated to mission $83,111 · Unrelated business $0 · Excluded from tax $0$83,111
VIII-12 Total revenueRelated to mission $191,512 · Unrelated business $0 · Excluded from tax $0$274,478
Part IX · Statement of functional expenses $302,283 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $88,413 · Fundraising $0$88,413
IX-8 Pension plan contributionsPrograms $0 · Management $7,448 · Fundraising $0$7,448
IX-9 Other employee benefitsPrograms $0 · Management $12,456 · Fundraising $0$12,456
IX-10 Payroll taxesPrograms $0 · Management $6,806 · Fundraising $0$6,806
IX-11c Accounting feesPrograms $26,609 · Management $0 · Fundraising $0$26,609
IX-11f Investment management feesPrograms $0 · Management $5,397 · Fundraising $0$5,397
IX-11g Other fees for servicesPrograms $5,750 · Management $0 · Fundraising $0$5,750
IX-13 Office expensesPrograms $1,854 · Management $1,853 · Fundraising $0$3,707
IX-14 Information technologyPrograms $1,359 · Management $1,488 · Fundraising $0$2,847
IX-16 OccupancyPrograms $4,263 · Management $4,262 · Fundraising $0$8,525
IX-19 Conferences, conventions and meetingsPrograms $25,403 · Management $55,474 · Fundraising $0$80,877
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $457 · Fundraising $0$457
IX-23 InsurancePrograms $0 · Management $3,169 · Fundraising $0$3,169
IX-24 Other expenses (24a–d)Programs $34,511 · Management $3,636 · Fundraising $0$38,147
IX-24e All other expensesPrograms $11,235 · Management $440 · Fundraising $0$11,675
IX-25 Total functional expensesPrograms $110,984 · Management $191,299 · Fundraising $0$302,283
Part X · Balance sheet $472,525 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $23,629$49,601
X-4 Accounts receivableStart of year $2,300$2,300
X-10c Land, buildings and equipment, netStart of year $685$228
X-13 Program-related investmentsStart of year $458,432$419,446
X-15 Other assetsStart of year $950$950
X-16 Total assetsStart of year $485,996$472,525
X-17 Accounts payable and accrued expensesStart of year $4,185$4,314
X-26 Total liabilitiesStart of year $4,185$4,314
X-32 Total net assets or fund balancesStart of year $481,811$468,211
X-33 Total liabilities and net assetsStart of year $485,996$472,525
Part XI · Reconciliation of net assets $468,211 net assets at year end
XI-1 Total revenue$274,478
XI-2 Total expenses$302,283
XI-3 Revenue less expenses−$27,805
XI-4 Net assets at start of year$481,811
XI-5 Net unrealized gains (losses) on investments$14,205
XI-10 Net assets at end of year$468,211

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

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