International Brotherhood Of Electrical Workers
- Assets
- $3.5m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 121
- Location
- Indianapolis, IN
- Founding
- 01/1951
- Data as of
- 12/2023
- EIN
- 35-0782423
Organization Overview
International Brotherhood Of Electrical Workers is located in Indianapolis, 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 121 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 $5.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $5.0m during the year ending 12/2023. While expenses have increased by 6.2% per year over the past 5 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
THE OBJECTS OF THIS LOCAL UNION SHALL BE TO PROMOTE BY ALL PROPER MEANS THE MATERIAL AND INTELLECTUAL WELFARE OF ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Fox Finl Secy-Bus Mgr | Officer | 52 | $153,261 |
Troy Amerman President | Officer | 1 | $6,807 |
Tyler Gardiner Vp-New/eboard-Past | Officer | 1 | $6,748 |
Timothy Overman Vp-Past/bus Rep | Officer | 46 | $134,804 |
William Walker Treasurer-New/eboard-Past | Officer | 1 | $7,972 |
Michael Trowbridge Treasurer-Past/bus Rep | Officer | 46 | $134,967 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Spearhead Construction Co Construction | 12/30/23 | $1,020,690 |
Bowman & Vlink Llc Legal Services | 12/30/23 | $145,150 |
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 | $5,405,792 |
| Investment income | $15,175 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,640 |
| 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 | $5,585,911 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $34,985 |
| Grants and other assistance to domestic individuals. | $1,462 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $667,103 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,097,612 |
| Pension plan accruals and contributions | $264,429 |
| Other employee benefits | $124,811 |
| Payroll taxes | $133,104 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $225,820 |
| Fees for services: Accounting | $32,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43 |
| Advertising and promotion | $9,000 |
| Office expenses | $129,222 |
| Information technology | $18,929 |
| Royalties | $0 |
| Occupancy | $46,180 |
| Travel | $116,406 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $117,207 |
| Interest | $0 |
| Payments to affiliates | $1,599,017 |
| Depreciation, depletion, and amortization | $146,299 |
| Insurance | $43,904 |
| All other expenses | $0 |
| Total functional expenses | $5,020,253 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,488 |
| Savings and temporary cash investments | $757,883 |
| 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 | $2,677,390 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,529,761 |
| 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 | $8,057 |
| Total liabilities | $8,057 |
| Net assets without donor restrictions | $3,521,704 |
| 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 | $3,529,761 |
Grants Awarded
Over the last fiscal year, International Brotherhood Of Electrical Workers has awarded $17,070 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LOGANSPORT HIGH SCHOOL PURPOSE: CONTRIBUTION | $10,820 |
IBEW 1393 CHARITY FOUNDATION INC PURPOSE: CONTRIBUTION | $6,250 |