International Brotherhood Of Electrical Workers
- Assets
- $25.5m
- Revenue
- $8.5m
- Investments
- $1.6m
- Employees
- 22
- Location
- Parsippany, NJ
- Founding
- 05/1951
- Data as of
- 12/2023
- EIN
- 22-6062794
Organization Overview
International Brotherhood Of Electrical Workers is located in Parsippany, NJ. The organization was established in 1951. 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 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 12/2023, International Brotherhood Of Electrical Workers generated $8.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $7.7m during the year ending 12/2023. 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
TO ORGANIZE ELECTRICAL WORKERS AND MAINTAIN A UNION HIRING HALL FOR THE BENEFIT OF MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LOCAL UNION ORGANIZED ELECTRICAL WORKERS AND OPERATED A UNION HIRING HALL FOR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Tscherne Exec. Bd. Chairman | Trustee | 0.5 | $0 |
Anthony Marinello Exec. Bd. Director | Trustee | 0.5 | $1,469 |
Barry Checinski Exec. Bd. Dir. | Trustee | 0.5 | $1,349 |
Michael D Pulsinelli Exec. Bd. Dir. | Trustee | 0.5 | $1,345 |
Henry Lora Exec. Bd. Dir. | Trustee | 0.5 | $1,468 |
Kaine Krawchuck Exec. Bd. Dir. | Trustee | 0.5 | $1,469 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,770,786 |
| 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 | $7,770,786 |
| Total Program Service Revenue | $0 |
| Investment income | $506,861 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$57,690 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,473,650 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $1,981,343 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $356,128 |
| Pension plan accruals and contributions | $652,679 |
| Other employee benefits | $696,424 |
| Payroll taxes | $169,798 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,702 |
| Fees for services: Accounting | $29,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $62,847 |
| Fees for services: Other | $0 |
| Advertising and promotion | $374,332 |
| Office expenses | $100,130 |
| Information technology | $59,800 |
| Royalties | $0 |
| Occupancy | $356,025 |
| Travel | $40,202 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $256,704 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $125,331 |
| Insurance | $81,732 |
| All other expenses | $793,417 |
| Total functional expenses | $7,689,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,728,389 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $508,565 |
| 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 | $133,805 |
| Net Land, buildings, and equipment | $347,417 |
| Investments—publicly traded securities | $9,615,659 |
| Investments—other securities | $1,552,678 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,647,152 |
| Total assets | $25,533,665 |
| Accounts payable and accrued expenses | $513,936 |
| 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 | $1,328,365 |
| Total liabilities | $1,842,301 |
| Net assets without donor restrictions | $23,691,364 |
| 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 | $25,533,665 |