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Filing year 2023

INDEPENDENT ELECTRICAL CONTRACTORS ASSOC

Louisville, Kentucky·EIN 61-1069341·6
Total revenue
$1.1M
Total assets
$723k
Total expenses
$1M
Reported officers
13
Mission

THE PURPOSE OF IEC OF KENTUCKY AND SOUTHERN INDIANA IS TO EMPOWER THE MERIT SHOP ELECTRICAL CONTRACTING COMMUNITY THROUGH SPECIALIZED TRAINING INITIATIVES. WE EXIST TO PROVIDE COMPREHENSIVE APPRENTICESHIP PROGRAMS AND CONTINUING EDUCATION OPPORTUNITIES FOR INDIVIDUALS AND BUSINESSES ENGAGED IN ELECTRICAL WORK. OUR COMMITMENT IS TO EQUIP MERIT SHOP CONTRACTORS WITH THE KNOWLEDGE, SKILLS, AND EXPERTISE NEEDED TO THRIVE IN THE DYNAMIC FIELD OF ELECTRICAL SERVICES.

Executive compensation

Form 990 · Schedule J · 5 reported individuals · Filing year 2023

Base salaryExecutive compensation
Executive Director (thru 10/6/23)
$75k
$82k
$9k
$10k
Director
board member
$9k
$9k
Director
board member
$6k
$7k
Executive Director (eff, 12/15/23)
$3k
$3k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 8 unpaid individuals.

Climbed 17%
over 2 years

From $64k in 2021 to $75k in 2023.

$64k
2021
$109k
2022
$75k
2023
In today's dollarsEst.
Up 3% in real terms$79k to $82k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

INDEPENDENT ELECTRICAL CONTRACTORS ASSOC reported revenue and expenses across 3 filing years.

RevenueExpenses
$965k
$1.1M
2021
$1M
$1M
2022
$1.1M
$1M
2023
Total revenue and total expenses from IRS Form 990 filings.
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