International Brotherhood Of Electrical Workers
- Assets
- $38.5m
- Revenue
- $10.2m
- Investments
- $8.3m
- Employees
- 28
- Location
- Philadelphia, PA
- Founding
- 03/2006
- Data as of
- 12/2021
- EIN
- 23-2959495
Organization Overview
International Brotherhood Of Electrical Workers is located in Philadelphia, PA. The organization was established in 2006. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2021, International Brotherhood Of Electrical Workers employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Brotherhood Of Electrical Workers is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.
For the year ending 12/2021, International Brotherhood Of Electrical Workers generated $10.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $10.5m during the year ending 12/2021. While expenses have increased by 3.0% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FUND PROVIDES CERTAIN HEALTH INSURANCE PREMIUMS, LIFE, AD & D, VISION, DENTAL, PRESCRIPTION DRUG, AND HEALTH BENEFIT CLAIM PAYMENTS TO ELIGIBLE MEMBERS OF THE IBEW LOCAL UNION 98.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND PROVIDES CERTAIN HEALTH INSURANCE PREMIUMS, LIFE, AD & D, VISION, DENTAL, PRESCRIPTION DRUG, AND HEALTH BENEFIT CLAIM PAYMENTS TO ELIGIBLE MEMBERS OF THE IBEW LOCAL UNION 98.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Masculli Union Trustee | Trustee | 1 | $0 |
Kenneth Macdougall Employer Trustee | Trustee | 1 | $0 |
Michael Gitlin Employer Trustee | Trustee | 1 | $0 |
Brian Burrows Union Trustee | Trustee | 1 | $0 |
Natalie Linder Employer Trustee | Trustee | 1 | $0 |
Michael Kane Union 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 | $9,224,623 |
| Investment income | $789,731 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $172,354 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,186,708 |
| 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 | $10,211,196 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,906 |
| Fees for services: Accounting | $23,574 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $66,062 |
| Fees for services: Other | $124,424 |
| Advertising and promotion | $0 |
| Office expenses | $7,483 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $37,732 |
| All other expenses | $2,596 |
| Total functional expenses | $10,501,973 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,009 |
| Savings and temporary cash investments | $1,280,542 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $858,608 |
| 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 | $20,118 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $27,758,104 |
| Investments—other securities | $8,304,049 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $227,978 |
| Total assets | $38,475,408 |
| Accounts payable and accrued expenses | $94,840 |
| 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 | $5,341 |
| Total liabilities | $100,181 |
| 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 | $38,375,227 |
| Total liabilities and net assets/fund balances | $38,475,408 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Federation Of State County & Municipal Employees New York, NY | $77,027,109 | $53,363,394 |
International Union Of Painters And Allied Trades Hanover, MD | $95,846,758 | $52,219,897 |
Road Sprinkler Fitters Local 669 Ua Columbia, MD | $102,310,509 | $62,554,004 |
New York State Nurses Association New York, NY | $106,360,017 | $53,864,397 |
Cement & Concrete Workers District Council Welfare Fund Flushing, NY | $115,712,146 | $34,540,506 |
Service Employees International Union Albany, NY | $31,308,144 | $40,993,536 |
Transportation-Communications Union Rockville, MD | $52,081,402 | $35,935,195 |
Major League Baseball Players Assn New York, NY | $280,679,317 | $145,511,307 |
United Brotherhood Of Carpenters & Joiners Of America New York, NY | $64,514,321 | $30,390,224 |
American Federation Of State County & Municipal Employees Harrisburg, PA | $13,029,415 | $28,034,126 |
Enterprise Association Local 638 Long Island City, NY | $80,989,566 | $29,703,227 |
Prevailing Wage Contractors Association Columbus, OH | $11,505,907 | $33,069,409 |