International Brotherhood Of Electrical Workers
- Assets
- $724.1k
- Revenue
- $937.6k
- Investments
- $0.0
- Employees
- 55
- Location
- Cranston, RI
- Founding
- 08/1940
- Data as of
- 12/2022
- EIN
- 05-0343255
Organization Overview
International Brotherhood Of Electrical Workers is located in Cranston, RI. 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 12/2022, International Brotherhood Of Electrical Workers employed 55 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 12/2022, International Brotherhood Of Electrical Workers generated $937.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MEMBERSHIP ORGANIZATION REPRESENTING APPROXIMATLEY 563 UNION MEMBERS FOR PURPOSES OF COLLECTIVE BARGAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTIVELY BARGAINED WITH AREA EMPLOYERS TO PROMOTE OR ESTABLISH APPROPRIATE WAGES, FRINGS BENEFITS, TRAINING, HOURS OF EMPLOYMENT AND WORKING CONDITIONS FOR ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Buffery Bus. Mgr./fi | 40 | $170,930 | |
Daniel Musard Asst. Bus. M | Officer | 40 | $138,798 |
Edward Blackburn Asst. Bus. M | 40 | $137,398 | |
Mike Angelotti Treasurer | Officer | 3 | $11,761 |
Raymond Silvestri Vice Pres. | Officer | 3 | $6,347 |
Michael Sullo Recording Se | Officer | 3 | $5,041 |
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 | $925,476 |
| Investment income | $28 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $937,623 |
| 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. | $499,716 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $160,130 |
| Pension plan accruals and contributions | $4,165 |
| Other employee benefits | $0 |
| Payroll taxes | $52,133 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,655 |
| Fees for services: Accounting | $10,815 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $22,720 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,625 |
| Travel | $69,389 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,660 |
| Interest | $0 |
| Payments to affiliates | $153,355 |
| Depreciation, depletion, and amortization | $2,856 |
| Insurance | $4,954 |
| All other expenses | $6,362 |
| Total functional expenses | $1,116,042 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $436,973 |
| Savings and temporary cash investments | $275,186 |
| 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 | $6,918 |
| Investments—publicly traded securities | $5,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $724,077 |
| 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 | $541 |
| Total liabilities | $541 |
| Net assets without donor restrictions | $723,536 |
| 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 | $724,077 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Brotherhood Of Electrical Workers Dorchester, MA | $20,226,169 | $18,660,825 |
International Union Of Operating Engineers Local 98 Southwick, MA | $17,444,456 | $14,859,404 |
Service Employees International Union Marlborough, MA | $14,032,750 | $15,228,361 |
Ironworkers Union Local 7 South Boston, MA | $20,580,990 | $15,536,290 |
American Federation Of State County & Municipal Employees New Britain, CT | $8,133,334 | $12,767,176 |
International Brotherhood Of Teamsters Boston, MA | $9,892,072 | $11,295,759 |
American Federation Of State County & Municipal Employees Boston, MA | $19,454,204 | $10,200,974 |
International Union Of Painters And Allied Trades Roslindale, MA | $14,986,713 | $9,739,397 |
American Federation Of Teachers Boston, MA | $16,808,172 | $10,050,820 |
International Brotherhood Of Electrical Workers Local 104 Mansfield, MA | $25,267,298 | $11,856,451 |
American Federation Of Teachers Rocky Hill, CT | $6,917,426 | $7,429,694 |
Plumbers Union Local No 12 Labor Management Cooperation Tr Boston, MA | $8,824,661 | $6,952,624 |