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Nonprofiteer
← SOUTH BEND & VICINITY ELECTRICAL

Form 990 for tax year 2022

Filed by SOUTH BEND & VICINITY ELECTRICAL.

Totals

Total revenue
$954,456
Total expenses
$1,034,574
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$916,680
Investment income
$12,825
Other revenue
$24,951
Total assets, end of year
$1,462,338
Total liabilities, end of year
$64,589
Net assets or fund balances, end of year
$1,397,749
Program services expenses (Part IX)
$807,164
Management and general expenses
$227,410
Fundraising expenses
$0
Program service expenses (Part III)
$807,164

Program services were 78.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: EMPLOYER CONTRIBUTIONS

    total $710,652 · related or exempt $710,652

  • 2b · Program service revenue: SALE OF TEXTBOOKS

    total $107,594 · related or exempt $107,594

  • 2c · Program service revenue: IVY TECH REIMBURSEMENT

    total $98,434 · related or exempt $98,434

  • 3 · Investment income

    total $12,598 · excluded $12,598

  • 7a · Gross sales of assets other than inventory

    securities $165,586

  • 7b · Less cost or other basis and sales expenses

    securities $165,359

  • 7c · Gain or loss

    securities $227

  • 7d · Net gain or loss

    total $227 · excluded $227

  • 11a · Other revenue: OTHER

    total $24,951 · excluded $24,951

  • 11e · Other revenue, total

    $24,951

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $143,509 · program services $143,509

  • 7 · Other salaries and wages

    total $302,089 · program services $245,860 · management and general $56,229

  • 8 · Pension plan contributions

    total $24,483 · program services $9,125 · management and general $15,358

  • 9 · Other employee benefits

    total $25,862 · program services $9,639 · management and general $16,223

  • 10 · Payroll taxes

    total $31,648 · program services $27,256 · management and general $4,392

  • 11b · Fees: legal

    total $400 · management and general $400

  • 11c · Fees: accounting

    total $17,389 · management and general $17,389

  • 11f · Fees: investment management

    total $2,478 · management and general $2,478

  • 12 · Advertising and promotion

    total $1,363 · management and general $1,363

  • 13 · Office expenses

    total $51,239 · program services $10,875 · management and general $40,364

  • 16 · Occupancy

    total $22,975 · program services $19,711 · management and general $3,264

  • 19 · Conferences, conventions and meetings

    total $12,322 · management and general $12,322

  • 22 · Depreciation, depletion and amortization

    total $62,162 · program services $52,208 · management and general $9,954

  • 23 · Insurance

    total $29,564 · management and general $29,564

  • 24a · Other expenses: BOOKS, TOOLS AND MATERI

    total $234,632 · program services $234,632

  • 24b · Other expenses: MAINTENANCE

    total $42,656 · program services $36,731 · management and general $5,925

  • 24c · Other expenses: INSTRUCTOR TRAINING

    total $13,942 · program services $13,942

  • 24d · Other expenses: MISCELLANEOUS

    total $12,185 · management and general $12,185

  • 24e · All other expenses

    total $3,676 · program services $3,676

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $253,176 · end of year $227,712

  • 4 · Accounts receivable

    beginning of year $53,823 · end of year $58,125

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,068 · end of year $9,499

  • 10a · Land, buildings and equipment: cost or other basis

    $1,995,275

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,217,369

  • 10c · Land, buildings and equipment, net

    beginning of year $819,147 · end of year $777,906

  • 11 · Investments: publicly traded securities

    beginning of year $390,896 · end of year $389,096

  • 17 · Accounts payable and accrued expenses

    beginning of year $38,598 · end of year $48,037

  • 25 · Other liabilities

    beginning of year $20,192 · end of year $16,552

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,470,320 · end of year $1,397,749

Mission and programs · 2022

Mission

TO PROVIDE APPRENTICESHIP AND JOURNEYMAN TRAINING.

  • TO PROVIDE APPRENTICESHIP AND JOURNEYMAN TRAINING.

    Expenses $807,164 · Revenue $916,680

As filed on the 2022 return.

Listed in Part VII

  • Michael Taff

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Derrick Amberg

    TRUSTEE - PAST

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Martell

    TRUSTEE - PAST

    Total calculated
    $0
    Hours/week
    1

  • Nick Shaffer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Joshua Henry

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bob Banazak

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ryan Ganser

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Micah Williams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Chris Schmidt

    TRUSTEE - NEW

    Total calculated
    $0
    Hours/week
    1

  • Joseph Gambill

    TRAINING COORDINATOR

    Total calculated
    $141,586
    From this org
    $92,810
    From related orgs
    $0
    Other
    $48,776
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
6 August 2024
IRS schema version
2022v5.0
Source object
202412199349301866

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