Iec Workforce Development Institute

Nonprofit profile at a glance

EIN
922244060
IRS 990-EZ coverage
2023–2024
Forms available
Form 990-EZ 2024
Location
Nashville, TN, USA
Phone
3132545413
Rating confidence
Limited
Sector
Research Institutes and/or Public Policy Analysis

Reported finances

Revenue
$0
Expenses
$0
Assets
$21,328
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • WALTER THAYER LONG JR (EXECUTIVE DIRECTOR)
  • BRUCE KOHAN (PRESIDENT)
  • CECIL LEEDY (IMMEDIATE PAST PRESIDENT)
  • DOALD SHARKEY (VICE PRESIDENT)

People named in this filing

  • WALTER THAYER LONG JR (EXECUTIVE DIRECTOR)
  • BRUCE KOHAN (PRESIDENT)
  • CECIL LEEDY (IMMEDIATE PAST PRESIDENT)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The iec workforce development institute shall provide research and develop information regarding the state and future of the independent electrical industry in the united states, educate the public about the electrical contracting industry and the importance of electrical workers to a robust u.s. Economy, and support organizations that understand and value the interests of those engaged in the electrical construction industry. The organization shall advance these initiatives through a variety of educational, training, and safety programs and events. The foregoing activities will initially compose 100 percent of the organization's operations and resources and will be conducted by the board of directors, officers, and staff. As a type i supporting organization, the members of the board of directors of independent electrical contractors, inc. Shall serve ex-officio as the directors of the institute.

What it reported doing in 2024

The iec workforce development institute shall provide research and develop information regarding the state and future of the independent electrical industry in the united states, educate the public about the electrical contracting industry and the importance of electrical workers to a robust u.s. Economy, and support organizations that understand and value the interests of those engaged in the electrical construction industry. The organization shall advance these initiatives through a variety of ducational, training, and safety programs and events. The foregoing activities will initially compose 100 percent of the organization's operations and resources and will be conducted by the board of directors, officers, and staff.as a type i supporting organization, the members of the board of directors of ndependent electrical contractors, inc. Shall serve ex-officio as the directors of the institute. The activities will initially be primarily funded through foundation, corporate, and government grants.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 55
  • Sustainability: 8
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 66.7%; rating input score 67; 1st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: Limited
  • Revenue growth: -200% per year; rating input score 0; 0th percentile among comparable filings
  • Asset growth: 0% per year; rating input score 100; 38th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 5 of 6 current checks pass · 1 finding to review
  • Schedules: 1 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Transparency & Controls: Series filing activity did not reconcile in the filed values.
  • High — Growth: Revenue growth scored 0/100.