International Brotherhood Of Electrical Workers

The information for International Brotherhood Of Electrical Workers is as of the organization's most recent filing in December '21. This organization is located in N White Plains, NY. It has been in existence for 81 years, following its founding in 1940.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The International Brotherhood Of Electrical Workers (IBEW) is classified under the NTEE code J40, which indicates that it falls under the category of Employment. The major classification of the IBEW is Labor Unions. Labor Unions are organizations that advocate for the rights of employees, specifically in terms of fair remuneration and safe working conditions. It is important to note that Labor Unions are generally classified as section 501(c)(5) organizations. Additionally, the IBEW is governed by section 5 of the Internal Revenue Code, which pertains to Labor, Agricultural, and Horticultural Organizations.

Program Areas

The organization's program area within the general fund focuses on representing members in labor issues and organizing non-union workers. This includes reporting all relevant revenues, support, and functional expenses that are not specifically reported by another fund or program.

Board Governance

The International Brotherhood of Electrical Workers (IBEW) appears to have a well-governed structure based on the provided information. The organization has a total of 9 voting members, all of whom are independent. This indicates that the board is comprised of individuals who can make unbiased decisions in the best interest of the organization. Additionally, the absence of potential conflicts of interest further strengthens the perception of good governance within the IBEW. Furthermore, the fact that both board and committee meetings are documented demonstrates a commitment to transparency and accountability. Documenting these meetings ensures that decisions and discussions are properly recorded and can be reviewed when necessary. While the organization does not have specific policies in place for conflicts of interest, whistleblower protection, or document retention, the absence of such policies does not necessarily imply poor governance. However, it would be beneficial for the IBEW to consider implementing these policies in the future to further enhance their governance practices. Overall, based on the information provided, the International Brotherhood of Electrical Workers appears to be well-governed. The organization has a diverse and independent board, documents their meetings, and does not have any apparent conflicts of interest. However, there is room for improvement in terms of implementing policies related to conflicts of interest, whistleblower protection, and document retention.

Organization Growth

The International Brotherhood Of Electrical Workers nonprofit organization has experienced growth over the given time period. Program Service Revenue increased from $437.7K in 2015 to $457.7K in 2021, indicating an upward trend. Other Revenue also increased from $69.4K in 2015 to $144.6K in 2021. Total Revenue showed growth as well, rising from $507.1K in 2015 to $602.3K in 2021. Employee Salaries also increased from $280.5K in 2015 to $340.5K in 2021. However, it is worth noting that Total Expenses decreased from $528.8K in 2015 to $507.2K in 2021. Overall, the organization has seen growth in its revenue and employee salaries, indicating positive development.