International Brotherhood Of Electrical Workers
- Assets
- $1.7m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 22
- Location
- Ithaca, NY
- Founding
- 08/1940
- Data as of
- 06/2023
- EIN
- 15-0347943
Organization Overview
International Brotherhood Of Electrical Workers is located in Ithaca, NY. 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 06/2023, International Brotherhood Of Electrical Workers employed 22 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 06/2023, International Brotherhood Of Electrical Workers generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
IBEW #241 IS A MEMBER ORGANIZATION REPRESENTING THE LOCAL CHAPTER OF THE IBEW AFL-CIO FOR THE PURPOSE OF ORGANIZING ALL CRAFTSMEN WORKING IN THE LOCAL JURISDICTION WHO DO NOT HAVE UNION REPRESENTATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LABOR UNION LOCAL, AFL-CIO, CONDUCTS COLLECTIVE BARGAINING NEGOTIATIONS, MAINTAINS LIAISON WITH LOCAL EMPLOYEES, BUILDING & TRADES ASSOC., OTHER BUILDING TRADE UNIONS, AND OTHER I.B.E.W LOCALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Miles President | OfficerTrustee | 1 | $892 |
Brian Weatherby Vice-President | OfficerTrustee | 1 | $2,242 |
Jay Clawson Treasurer | OfficerTrustee | 1 | $3,000 |
Robert Carey Recording Secretary | OfficerTrustee | 1 | $1,800 |
Casey Weatherby Executive Board | Trustee | 0.5 | $2,181 |
Randy Shields Executive Board | Trustee | 0.5 | $100 |
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 | $1,211,312 |
| Investment income | $41,336 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$26,179 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,226,469 |
| 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 | $183,420 |
| Compensation of current officers, directors, key employees. | $180,549 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $166,857 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $92,631 |
| Payroll taxes | $42,214 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,608 |
| Fees for services: Accounting | $69,831 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,581 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,332 |
| Office expenses | $37,392 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,200 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,865 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,790 |
| Insurance | $17,937 |
| All other expenses | $32,241 |
| Total functional expenses | $1,229,999 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,977 |
| Savings and temporary cash investments | $177,447 |
| 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 | $29,340 |
| Investments—publicly traded securities | $1,422,839 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,446 |
| Total assets | $1,666,049 |
| 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 | $9,446 |
| Total liabilities | $9,446 |
| Net assets without donor restrictions | $1,656,603 |
| 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 | $1,666,049 |