International Brotherhood Of Electrical Workers
- Assets
- $17.1m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 23
- Location
- Folsom, NJ
- Founding
- 08/1940
- Data as of
- 12/2023
- EIN
- 22-3292075
Organization Overview
International Brotherhood Of Electrical Workers is located in Folsom, NJ. 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 12/2023, International Brotherhood Of Electrical Workers employed 23 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 12/2023, International Brotherhood Of Electrical Workers generated $6.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $7.2m during the year ending 12/2023. While expenses have increased by 3.3% 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
LOCAL UNION REPRESENTS MEMBERS IN DEALING WITH BUILDING CONTRACTORS, SETTLING GRIEVANCES, AND NEGOTIATING WAGES AND BENEFITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOCAL UNION REPRESENTS MEMBERS IN DEALING WITH BUILDING CONTRACTORS, SETTLING GRIEVANCES, AND NEGOTIATING WAGES AND BENEFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Cosner Bus. Mgr./financial Sec. | Officer | 40 | $281,129 |
Charles Della Vecchia President/asst. Bus. Mgr. | Officer | 40 | $244,460 |
Roy Foster Asst. Bus. Mgr./e-Board | Officer | 40 | $244,460 |
Steven Dimatteo Treasurer/bus. Agent | Officer | 40 | $195,569 |
Stephen Gandy Business Agent/e-Board | Officer | 40 | $195,569 |
John Gray Business Agent | Officer | 40 | $195,569 |
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 | $5,332,972 |
| Investment income | $112,659 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $28,246 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,275,245 |
| 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 | $1,301,386 |
| Compensation of current officers, directors, key employees. | $1,765,462 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $353,934 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,555 |
| Payroll taxes | $143,106 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,946 |
| Fees for services: Accounting | $33,925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,403 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,335 |
| Office expenses | $24,584 |
| Information technology | $60,068 |
| Royalties | $0 |
| Occupancy | $360,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $136,635 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $124,867 |
| Insurance | $107,121 |
| All other expenses | $607,480 |
| Total functional expenses | $7,164,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $313,985 |
| Savings and temporary cash investments | $691,742 |
| 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 | $453,216 |
| Investments—publicly traded securities | $15,635,963 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,094,906 |
| 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 | $84,147 |
| Total liabilities | $84,147 |
| Net assets without donor restrictions | $8,363,186 |
| Net assets with donor restrictions | $8,647,573 |
| 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 | $17,094,906 |