International Brotherhood Of Electrical Workers
- Assets
- $782.7k
- Revenue
- $581.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Newport, ME
- Founding
- 08/1940
- Data as of
- 06/2021
- EIN
- 01-0226195
Organization Overview
International Brotherhood Of Electrical Workers is located in Newport, ME. The organization was established in 1940. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 06/2021, International Brotherhood Of Electrical Workers employed 4 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. International Brotherhood Of Electrical Workers is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2021, International Brotherhood Of Electrical Workers generated $581.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $504.6k during the year ending 06/2021. While expenses have increased by 3.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CARRY OUT THE BETTERMENT OF CONDITIONS FOR WORKERS, THE IMPROVEMENT OF THE GRADE OF THEIR PRODUCTS AND THE DEVELOPMENT OF A HIGH DEGREE OF EFFICIENCY IN THEIR RESPECTIVE OCCUPATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVOCATE, ARBITRATE & NEGOTIATE FOR MEMBERS. ADMINISTRATION OF THE MARKET RECOVERY PROGRAM FOR PROMOTING THE ORGANIZED ELECTRICAL CONSTRUCTION INDUSTRY WITHIN THE LOCAL JURISDICTION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Fraser Business Man | OfficerTrustee | 40 | $79,125 |
Alan Kenney Recording Se | OfficerTrustee | 1 | $0 |
Nicholas Paquet President | OfficerTrustee | 2 | $0 |
Tom Tobias Treasurer | OfficerTrustee | 1 | $0 |
Colin Clark Vice Preside | OfficerTrustee | 1 | $0 |
Lee Whitaker Executive Bo | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $531,133 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $188 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $581,069 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $108,364 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $123,624 |
| Pension plan accruals and contributions | $42,589 |
| Other employee benefits | $32,720 |
| Payroll taxes | $16,213 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,959 |
| Fees for services: Accounting | $10,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $537 |
| Advertising and promotion | $814 |
| Office expenses | $16,916 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,000 |
| Travel | $55 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $454 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,451 |
| Insurance | $4,008 |
| All other expenses | $2,460 |
| Total functional expenses | $504,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $380,281 |
| Savings and temporary cash investments | $385,518 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $16,889 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $782,688 |
| Accounts payable and accrued expenses | $4,767 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $58,785 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $63,552 |
| Net assets without donor restrictions | $719,136 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $782,688 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Union Workers Benefit Tr Bath, ME | $2,342,755 | $5,137,717 |
Maine Service Employees Asso Service Employees Int Union L 1989 Augusta, ME | $3,591,196 | $5,032,371 |
International Brotherhood Of Teamsters Manchester, NH | $12,418,174 | $5,467,575 |
International Brotherhood Of Teamsters South Portland, ME | $2,241,404 | $2,683,254 |
Communication Workers Of America Portsmouth, NH | $2,280,154 | $2,827,294 |
International Association Of Machinists & Aerospace Workers Lisbon Falls, ME | $2,216,252 | $2,111,026 |
Business And Industry Association Of Nh Concord, NH | $1,619,808 | $1,470,879 |
International Brotherhood Of Electrical Workers Manchester, ME | $1,757,555 | $1,768,384 |
New Hampshire Automobile Dealers Association Inc Bow, NH | $2,708,649 | $1,317,124 |
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Augusta, ME | $406,161 | $966,805 |
International Brotherhood Of Electrical Workers Augusta, ME | $316,333 | $763,071 |
International Brotherhood Of Electrical Workers Manchester, NH | $736,136 | $902,787 |