International Brotherhood Of Electrical Workers
- Assets
- $3.5m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 20
- Location
- Lafayette, IN
- Founding
- 01/1951
- Data as of
- 12/2023
- EIN
- 35-0415628
Organization Overview
International Brotherhood Of Electrical Workers is located in Lafayette, 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 12/2023, International Brotherhood Of Electrical Workers employed 20 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 $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. While expenses have increased by 7.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
LABOR UNION
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ORGANIZE ALL WORKERS FOR THE ECONOMIC, MORAL AND SOCIAL ADVANCEMENT OF THEIR CONDITION AND STATUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremie Pearson Business Manager/fin Sec | Officer | 40 | $89,976 |
James Cohagan Jr President | Officer | 40 | $85,639 |
Patrick Gladden Vice President - Past | Officer | 1 | $1,164 |
Corey Bassett Treasurer | Officer | 40 | $85,639 |
David Hughes Recording Secretary | Officer | 1 | $1,571 |
Greg Jones Executive Board | Officer | 1 | $3,801 |
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 | $1,740,755 |
| Investment income | $27,066 |
| 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 | $1,798,135 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $91,254 |
| Grants and other assistance to domestic individuals. | $1,103 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $411,864 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $123,859 |
| Pension plan accruals and contributions | $51,173 |
| Other employee benefits | $34,738 |
| Payroll taxes | $35,575 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,400 |
| Fees for services: Accounting | $37,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $73,026 |
| Office expenses | $46,737 |
| Information technology | $34,311 |
| Royalties | $0 |
| Occupancy | $24,570 |
| Travel | $25,516 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $100,166 |
| Interest | $0 |
| Payments to affiliates | $314,402 |
| Depreciation, depletion, and amortization | $26,081 |
| Insurance | $12,018 |
| All other expenses | $0 |
| Total functional expenses | $1,750,913 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $672,461 |
| Savings and temporary cash investments | $1,662,834 |
| 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 | $82,938 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,122,010 |
| Total assets | $3,540,243 |
| 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 | $5,470 |
| Total liabilities | $5,470 |
| Net assets without donor restrictions | $3,534,773 |
| 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 | $3,540,243 |
Grants Awarded
Over the last fiscal year, International Brotherhood Of Electrical Workers has awarded $37,550 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
IBEW UNITY FUND PURPOSE: CONTRIBUTION | $16,650 |
IBEW POLITICAL EDUCATION FUND PURPOSE: VOTER EDUCATION | $20,900 |