International Brotherhood Of Electl Wkrs 43 & Electrical Contract Wlfr
- Assets
- $59.5m
- Revenue
- $23.6m
- Investments
- $4.8m
- Employees
- 4
- Location
- Syracuse, NY
- Founding
- 11/1959
- Data as of
- 06/2023
- EIN
- 15-6025163
Organization Overview
International Brotherhood Of Electl Wkrs 43 & Electrical Contract Wlfr is located in Syracuse, NY. The organization was established in 1959. According to its NTEE Classification (Q99) the organization is classified as: International, Foreign Affairs & National Security N.E.C., under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2023, International Brotherhood Of Electl Wkrs 43 & Electrical Contract Wlfr employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Brotherhood Of Electl Wkrs 43 & Electrical Contract Wlfr is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 06/2023, International Brotherhood Of Electl Wkrs 43 & Electrical Contract Wlfr generated $23.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $18.2m during the year ending 06/2023. While expenses have increased by 2.9% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
UNION HEALTH AND WELFARE BENEFITS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH AND WELFARE BENEFIT COVERAGE TO ELIGIBLE MEMBERS OF THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL #43.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen Meyers II Trustee | Trustee | 1 | $2,730 |
Lawrence Becker Trustee | Trustee | 1 | $0 |
Kevin Crawford Trustee | Trustee | 1 | $0 |
Alan Marzullo Trustee | Trustee | 1 | $0 |
James Engler Jr Trustee | Trustee | 1 | $0 |
Marilyn Oppedisano Trustee | Trustee | 1 | $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 | $22,209,157 |
| Investment income | $1,085,726 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14,792 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,582,750 |
| 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 | $17,304,042 |
| Compensation of current officers, directors, key employees. | $187,249 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $105,279 |
| Pension plan accruals and contributions | $80,272 |
| Other employee benefits | $54,744 |
| Payroll taxes | $17,682 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $55,820 |
| Fees for services: Accounting | $33,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $101,202 |
| Fees for services: Other | $107,390 |
| Advertising and promotion | $0 |
| Office expenses | $7,393 |
| Information technology | $42,048 |
| Royalties | $0 |
| Occupancy | $37,853 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,223 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,576 |
| Insurance | $21,477 |
| All other expenses | $0 |
| Total functional expenses | $18,177,643 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $487,616 |
| Savings and temporary cash investments | $1,294,889 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,199,037 |
| 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 | $30,407 |
| Net Land, buildings, and equipment | $69,505 |
| Investments—publicly traded securities | $49,624,542 |
| Investments—other securities | $4,821,957 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $59,527,953 |
| Accounts payable and accrued expenses | $165,910 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $38,415 |
| 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 | $397,690 |
| Total liabilities | $602,015 |
| Net assets without donor restrictions | $0 |
| 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 | $58,925,938 |
| Total liabilities and net assets/fund balances | $59,527,953 |