International Brotherhood Of Electrical Workers is located in Groton, CT. 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. 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 $141.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $131.2k during the year ending 12/2021. While expenses have increased by 2.8% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
BARGAINING AGENT FOR UNION MEMBERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Richard Mccombs President/business Manager | 30 | $5,400 | |
Scott Hedding Treasurer | 8 | $2,076 | |
Sean Banks Vice President | 5 | $1,138 | |
Wayland Hedding Financial Secretary | 5 | $1,020 | |
Charles Witt Jr Chairman Executive Board | 1 | $849 | |
Wayne Burns Treasurer (p) | 8 | $728 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Membership dues | $141,902 |
Investment income | $44 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $141,946 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $13,467 |
Professional fees and other payments to independent contractors | $225 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $18,135 |
Total expenses | $131,197 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $55,165 |
Other assets | $0 |
Total assets | $56,518 |
Total liabilities | $0 |
Net assets or fund balances | $56,518 |
Organization Name | Assets | Revenue |
---|---|---|
Steamfitters Industry Welfare Fund Board Of Trustees Long Island City, NY | $135,023,453 | $84,135,128 |
National Basketball Players Association New York, NY | $362,993,745 | $34,104,485 |
Teamsters Local 237 Administrative Fund New York, NY | $20,889,322 | $64,678,061 |
Massachusetts Teachers Association Quincy, MA | $104,765,133 | $64,981,415 |
Steamfitters Industry Security Benefit Fund Long Island City, NY | $326,665,741 | $52,241,912 |
Joint Industry Board Of The Electrical Industry Flushing, NY | $28,826,269 | $51,807,728 |
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 |