International Brotherhood Of Electrical Workers
- Assets
- $46.2m
- Revenue
- $18.4m
- Investments
- $0.0
- Employees
- 8
- Location
- Orchard Park, NY
- Founding
- 10/1961
- Data as of
- 04/2021
- EIN
- 16-0841426
Organization Overview
International Brotherhood Of Electrical Workers is located in Orchard Park, NY. The organization was established in 1961. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. As of 04/2021, International Brotherhood Of Electrical Workers employed 8 individuals. International Brotherhood Of Electrical Workers is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 04/2021, International Brotherhood Of Electrical Workers generated $18.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $15.4m during the year ending 04/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FUND PROVIDES HEALTH AND WELFARE BENEFITS FOR ELIGIBLE PARTICIPANTS WORKING UNDER THE TERMS OF THE COLLECTIVE BARGAINING AGREEMENT, RECIPROCAL AGREEMENT, OR PARTICIPATION AGREEMENT REQUIRING CONTRIBUTIONS TO THE FUND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF LIFE, DISABILITY AND OTHER HEALTH AND WELFARE BENEFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leeann Murphy Plan Administrator | Officer | 10 | $75,048 |
Richard Lombard Chairman | OfficerTrustee | 1 | $0 |
Michael J Gaiser Secretary | OfficerTrustee | 1 | $0 |
Rennee Lamonaco Trustee | Trustee | 1 | $0 |
Matthew J Hilmey Trustee | Trustee | 1 | $0 |
Christopher Bove Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $680,917 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,067,457 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,432,410 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $14,167,631 |
| Compensation of current officers, directors, key employees. | $115,594 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $221,926 |
| Pension plan accruals and contributions | $55,939 |
| Other employee benefits | $85,558 |
| Payroll taxes | $24,304 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,401 |
| Fees for services: Accounting | $37,436 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $91,117 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,548 |
| Travel | $854 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,255 |
| Insurance | $7,276 |
| All other expenses | $0 |
| Total functional expenses | $15,447,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,156,863 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,366,799 |
| 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 |
| Investments—publicly traded securities | $41,578,576 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $46,179,579 |
| Accounts payable and accrued expenses | $45,986 |
| 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 | $95,000 |
| Total liabilities | $140,986 |
| 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 |
| Total liabilities and net assets/fund balances | $46,038,593 |