International Brotherhood Of Electrical Workers
- Assets
- $5.8m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 8
- Location
- Boothwyn, PA
- Founding
- 04/1967
- Data as of
- 12/2023
- EIN
- 23-6293543
Organization Overview
International Brotherhood Of Electrical Workers is located in Boothwyn, PA. The organization was established in 1967. 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 8 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 $2.6m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, International Brotherhood Of Electrical Workers has awarded 14 individual grants totaling $122,300. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
LABOR ORGANIZATION, COLLECTIVE BARGAINING
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOCAL UNION PERFORMED SERVICES PER INTERNATIONAL ORGANIZATION CHARTER IN AREAS OF COLLECTIVE BARGAINING, HIRING, BENEFITS AND FRATERNAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David W Bonaventure Executive Board | Trustee | 1 | $0 |
Gerald Mcclintock Executive Board | Trustee | 1 | $0 |
Thomas Loughhead Executive Board | Trustee | 1 | $0 |
Kevin Anderson Executive Board (p) | Trustee | 1 | $0 |
Joseph Conroy Examining Board | Trustee | 1 | $0 |
Michael Garvey Examining Board | 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 | $2,449,198 |
| Investment income | $136,902 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $156,600 |
| Net Gain/Loss on Asset Sales | -$119,501 |
| Net Income from Fundraising Events | $21,193 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,644,392 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $62,205 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $47,665 |
| Compensation of current officers, directors, key employees. | $491,095 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $228,852 |
| Pension plan accruals and contributions | $154,026 |
| Other employee benefits | $75,881 |
| Payroll taxes | $40,042 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,865 |
| Fees for services: Accounting | $30,681 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,831 |
| Fees for services: Other | $13,320 |
| Advertising and promotion | $0 |
| Office expenses | $43,852 |
| Information technology | $50,229 |
| Royalties | $0 |
| Occupancy | $208,449 |
| Travel | $30,215 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,416 |
| Interest | $0 |
| Payments to affiliates | $326,412 |
| Depreciation, depletion, and amortization | $64,800 |
| Insurance | $40,647 |
| All other expenses | $0 |
| Total functional expenses | $2,377,870 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,486 |
| Savings and temporary cash investments | $1,524,672 |
| 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 | $10,000 |
| Net Land, buildings, and equipment | $478,456 |
| Investments—publicly traded securities | $3,712,105 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,686 |
| Total assets | $5,768,405 |
| 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 | $15,911 |
| Total liabilities | $15,911 |
| 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 | $5,752,494 |
| Total liabilities and net assets/fund balances | $5,768,405 |
Grants Awarded
Over the last fiscal year, International Brotherhood Of Electrical Workers has awarded $10,600 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PENNSYLVANIA STATE ELECTRICAL WORKERS PURPOSE: FINANCIAL SUPPORT | $5,000 |
FRIENDS OF LONNIE STEPHENSON PURPOSE: FINANCIAL SUPPORT | $5,600 |