International Brotherhood Of Electrical Workers
- Assets
- $3.2m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 29
- Location
- Evansville, IN
- Founding
- 01/1951
- Data as of
- 06/2024
- EIN
- 35-0415445
Organization Overview
International Brotherhood Of Electrical Workers is located in Evansville, IN. 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 06/2024, International Brotherhood Of Electrical Workers employed 29 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 06/2024, International Brotherhood Of Electrical Workers generated $3.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $3.2m during the year ending 06/2024. While expenses have increased by 2.7% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
LABOR UNION-BETTERMENT OF MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARKET ADJUSTMENT PAYMENTS TO SELECTED CONTRACTORS (TARGETS) IN THE CONSTRUCTION INDUSTRY.
MARKETING/ADVERTISING TO PROMOTE IBEW UNION MEMBERS AND THEIR SKILLS TO THE ELECTRICAL INDUSTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nick Vaught Executive Board Member | Trustee | 5 | $697 |
Scott Johann Executive Board Member | Trustee | 5 | $670 |
Marty Klueh Executive Board Member | Trustee | 5 | $4,818 |
Jake Andry Executive Board Member | Trustee | 5 | $3,573 |
Sara Schapker Executive Board Member | Trustee | 5 | $2,412 |
Jerrad Sprinkle President | Officer | 40 | $3,477 |
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 | $1,350 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,350 |
| Total Program Service Revenue | $2,993,227 |
| Investment income | $78,500 |
| 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 | -$1,481 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,242,512 |
| 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 | $9,300 |
| Compensation of current officers, directors, key employees. | $351,854 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $406,731 |
| Pension plan accruals and contributions | $165,782 |
| Other employee benefits | $130,288 |
| Payroll taxes | $59,022 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,103 |
| Fees for services: Accounting | $33,030 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $187,066 |
| Office expenses | $37,767 |
| Information technology | $33,520 |
| Royalties | $0 |
| Occupancy | $65,655 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $66,229 |
| Interest | $354 |
| Payments to affiliates | $617,238 |
| Depreciation, depletion, and amortization | $10,812 |
| Insurance | $35,627 |
| All other expenses | $136,561 |
| Total functional expenses | $3,244,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $828,997 |
| Savings and temporary cash investments | $2,365,300 |
| 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 | $50,809 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,245,106 |
| Accounts payable and accrued expenses | $8,219 |
| 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 | $0 |
| Total liabilities | $8,219 |
| Net assets without donor restrictions | $3,236,887 |
| 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 | $3,245,106 |