International Brotherhood Of Electrical Workers

Organization Overview

International Brotherhood Of Electrical Workers is located in Cranston, RI. The organization was established in 1954. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Brotherhood Of Electrical Workers is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2021, International Brotherhood Of Electrical Workers generated $11.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $11.6m during the year ending 12/2021. While expenses have increased by 7.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TRUST ESTABLISHED BY LOCAL UNION NO. 99 OF THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS TO RECEIVE FUNDING CONTRIBUTIONS AND HOLD THE ASSETS FOR A MULTI-EMPLOYER WELFARE BENEFIT PLAN.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION PROVIDES WELFARE BENEFITS FOR MEMBERS OF IBEW LOCAL #99.


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Board, Officers & Key Employees

Name (title)Compensation
Joseph Walsh
Chairman
$0
Wayne Tait
Trustee
$0
Kenneth Demers
Trustee
$0
Spencer Marks
Trustee
$0
John Ciacciarelli
Trustee
$0
Joseph Manzi
Trustee
$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$10,672,723
Investment income $323,955
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $696,870
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $11,693,548

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