International Brotherhood Of Electrical Workers
- Assets
- $9.8m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 6
- Location
- Springfield, MA
- Founding
- 08/1940
- Data as of
- 12/2023
- EIN
- 04-1282295
Organization Overview
International Brotherhood Of Electrical Workers is located in Springfield, MA. 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 12/2023, International Brotherhood Of Electrical Workers employed 6 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 12/2023, International Brotherhood Of Electrical Workers generated $3.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $3.5m during the year ending 12/2023. While expenses have increased by 5.1% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FOR, PROTECT AND IMPROVE THE GENERAL WELFARE AND WORKING CONDITIONS OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE BETTER WORKING CONDITIONS FOR ELECTRICAL WORKERS, IMPROVE THE GRADE OF PRODUCTS PRODUCED AND IMPROVE EFFICIENCIES IN THEIR OCCUPATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel D'alma Business Manager | Officer | 50 | $113,637 |
Robert Wilson Membership Development | Officer | 50 | $108,697 |
Jeremy Dunn Business/referral Agent | Officer | 50 | $108,697 |
Eric Ashline President | Officer | 1 | $0 |
Adam Bergeron Treasurer | Officer | 1 | $0 |
Marcus Cardosa Director | Trustee | 1 | $1,335 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,482,515 |
| 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 | $1,482,515 |
| Total Program Service Revenue | $1,585,317 |
| Investment income | $45,677 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $50,111 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,163,620 |
| 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. | $331,031 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $92,399 |
| Pension plan accruals and contributions | $11,586 |
| Other employee benefits | $211,318 |
| Payroll taxes | $41,218 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,475 |
| Fees for services: Accounting | $27,307 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $800 |
| Office expenses | $31,058 |
| Information technology | $22,264 |
| Royalties | $0 |
| Occupancy | $125,660 |
| Travel | $2,645 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $563 |
| Interest | $132 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,050 |
| Insurance | $8,723 |
| All other expenses | $44,468 |
| Total functional expenses | $3,541,122 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,324,417 |
| 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 | $63,772 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,452,417 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,840,606 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,308 |
| Total liabilities | $20,308 |
| Net assets without donor restrictions | $9,820,298 |
| 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 | $9,840,606 |