International Brotherhood Of Electrical Workers
- Assets
- $20.2m
- Revenue
- $18.7m
- Investments
- $5.5m
- Employees
- 352
- Location
- Dorchester, MA
- Founding
- 08/1940
- Data as of
- 12/2021
- EIN
- 04-1472080
Organization Overview
International Brotherhood Of Electrical Workers is located in Dorchester, 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 12/2021, International Brotherhood Of Electrical Workers employed 352 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 12/2021, International Brotherhood Of Electrical Workers generated $18.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $16.7m during the year ending 12/2021. While expenses have increased by 6.8% per year over the past 7 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
I.B.E.W. LOCAL 103 PROMOTES THE MATERIAL AND INTELLECTUAL WELFARE OF ITS MEMBERS ACCORDING TO THE I.B.E.W. CONSTITUTION AND ITS BY-LAWS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE THE MATERIAL AND INTELLECTUAL WELFARE OF ITS MEMBERS ACCORDING TO THE I.B.E.W. CONSTITUTION AND THE LOCAL'S BY-LAWS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis J Antonellis Business Manager | OfficerTrustee | 65 | $232,994 |
Kevin Monahan Treasurer | OfficerTrustee | 50 | $185,164 |
Robert Sheehan President | OfficerTrustee | 50 | $183,834 |
James Fleming Recording Secretary | OfficerTrustee | 50 | $183,369 |
Gary Walker Business Agent | 50 | $177,850 | |
Brad Vinton Business Agent | 50 | $177,850 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Golden Manet Press Printing | 12/30/21 | $237,405 |
Seasons Union Catering Catering | 12/30/21 | $138,759 |
Sullivan Bille Pc Accounting | 12/30/21 | $103,609 |
617 Media Group Accounting | 12/30/21 | $137,529 |
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 | $17,798,441 |
| Investment income | $216,831 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $540,200 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,660,825 |
| 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 | $3,631,840 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,909,078 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,922,160 |
| Payroll taxes | $411,174 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $103,951 |
| Fees for services: Accounting | $103,609 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $47,629 |
| Fees for services: Other | $204,596 |
| Advertising and promotion | $407,480 |
| Office expenses | $701,952 |
| Information technology | $224,901 |
| Royalties | $0 |
| Occupancy | $287,664 |
| Travel | $50,435 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $203,188 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,733 |
| Insurance | $247,935 |
| All other expenses | $426,434 |
| Total functional expenses | $16,713,864 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,725,695 |
| Savings and temporary cash investments | $443,386 |
| 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 | $155,093 |
| Investments—publicly traded securities | $8,400,430 |
| Investments—other securities | $5,501,565 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,226,169 |
| 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 | $2,398,054 |
| Other liabilities | $230,581 |
| Total liabilities | $2,628,635 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $23,897,798 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$6,300,264 |
| Total liabilities and net assets/fund balances | $20,226,169 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Federation Of State County & Municipal Employees New York, NY | $77,027,109 | $53,363,394 |
New York State Nurses Association New York, NY | $106,360,017 | $53,864,397 |
United Brotherhood Of Carpenters & Joiners Of America Boston, MA | $146,178,722 | $53,186,412 |
Cement & Concrete Workers District Council Welfare Fund Flushing, NY | $115,712,146 | $34,540,506 |
Service Employees International Union Albany, NY | $31,308,144 | $40,993,536 |
Major League Baseball Players Assn New York, NY | $280,679,317 | $145,511,307 |
United Brotherhood Of Carpenters & Joiners Of America New York, NY | $64,514,321 | $30,390,224 |
Enterprise Association Local 638 Long Island City, NY | $80,989,566 | $29,703,227 |
United University Professions Benefit Trust Fund Albany, NY | $81,922,697 | $45,334,954 |
Transport Workers Union Of America Brooklyn, NY | $13,886,848 | $35,125,762 |
International Alliance Theatrical Stage Employees New York, NY | $95,540,739 | $36,594,534 |
Hotel And Gaming Trades Council Afl-Cio New York, NY | $55,965,580 | $24,291,785 |