International Brotherhood Of Electrical Workers
- Assets
- $6.5m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 32
- Location
- Cincinnati, OH
- Founding
- 08/1940
- Data as of
- 11/2022
- EIN
- 31-0329978
Organization Overview
International Brotherhood Of Electrical Workers is located in Cincinnati, OH. 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 11/2022, International Brotherhood Of Electrical Workers employed 32 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 11/2022, International Brotherhood Of Electrical Workers generated $4.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $3.7m during the year ending 11/2022. While expenses have increased by 2.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE UNION IS ORGANIZED UNDER THE IBEW CONSTITUTION TO COLLECT AND REMIT DUES TO THE INTERNATIONAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE BENEFITS TO UNION MEMBERS.
TO PROVIDE BENEFITS FOR UNION MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Fischer Business Man | Trustee | 48 | $117,712 |
Richard Heimbrock Organizer | Trustee | 48 | $99,055 |
Scott Kenter Business Age | Trustee | 48 | $98,056 |
Tracy Thorner Business Age | Trustee | 48 | $97,395 |
Todd Michel Business Age | Trustee | 48 | $96,953 |
Chad Day Organizer | Trustee | 48 | $96,301 |
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 | $4,104,250 |
| Investment income | $180,311 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $26,623 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,311,714 |
| 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 | $1,881,096 |
| Compensation of current officers, directors, key employees. | $1,013,620 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $70,018 |
| Pension plan accruals and contributions | $18,407 |
| Other employee benefits | $7,456 |
| Payroll taxes | $61,918 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $51,025 |
| Fees for services: Accounting | $38,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,925 |
| Fees for services: Other | $0 |
| Advertising and promotion | $76,290 |
| Office expenses | $57,966 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $168,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,074 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,762 |
| Insurance | $13,784 |
| All other expenses | $91,605 |
| Total functional expenses | $3,743,380 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,044,002 |
| Savings and temporary cash investments | $454,959 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,470 |
| 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 | $132,567 |
| Investments—publicly traded securities | $3,893,415 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,528,413 |
| 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 | $14,988 |
| Total liabilities | $14,988 |
| Net assets without donor restrictions | $6,513,425 |
| 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 | $6,528,413 |