International Brotherhood Of Electrical Workers
- Assets
- $2.0m
- Revenue
- $1.4m
- Investments
- $776.3k
- Employees
- 8
- Location
- Lorain, OH
- Founding
- 08/1940
- Data as of
- 06/2022
- EIN
- 34-0443362
Organization Overview
International Brotherhood Of Electrical Workers is located in Lorain, 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 06/2022, 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 06/2022, International Brotherhood Of Electrical Workers generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $826.7k during the year ending 06/2022. 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
JOB PLACEMENT AND CONDITIONS FOR MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
JOB PLACEMENT - NEGOTIATE WAGES, WORKING CONDITIONS AND FRINGE BENEFIT PROGRAMS. PROMOTE & PROVIDE TRAINING FOR APPRENTICES AND HANDLE GRIEVANCES BETWEEN MEMBERS AND CONTRACTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Novak Business Manager/financial | OfficerTrustee | 40 | $105,088 |
Leonard Roark President | OfficerTrustee | 40 | $82,242 |
Paul Kress Trustee | Trustee | 0.5 | $1,855 |
Kurt Kauk Treasurer | OfficerTrustee | 0.5 | $1,493 |
Marc Schueszler Recording Secretary | OfficerTrustee | 0.5 | $1,243 |
Jay Hasenflue Trustee | Trustee | 0.5 | $828 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,273,893 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $52,930 |
| 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 | $1,326,823 |
| Total Program Service Revenue | $0 |
| Investment income | $33,088 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,361,270 |
| 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. | $190,756 |
| Compensation of current officers, directors, key employees. | $49,265 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $79,774 |
| Pension plan accruals and contributions | $47,043 |
| Other employee benefits | $30,021 |
| Payroll taxes | $23,399 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,535 |
| Fees for services: Accounting | $13,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,298 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,984 |
| Office expenses | $11,490 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,806 |
| Travel | $8,091 |
| 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 | $235,182 |
| Depreciation, depletion, and amortization | $13,577 |
| Insurance | $21,110 |
| All other expenses | $456 |
| Total functional expenses | $826,724 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $928,055 |
| Savings and temporary cash investments | $172,218 |
| 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 | $97,339 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $776,309 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,973,921 |
| 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 | $1,918 |
| Total liabilities | $1,918 |
| Net assets without donor restrictions | $1,972,003 |
| 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 | $1,973,921 |