International Brotherhood Of Electrical Workers
- Assets
- $57.0m
- Revenue
- $26.8m
- Investments
- $4.1m
- Employees
- 80
- Location
- Chicago, IL
- Founding
- 08/1940
- Data as of
- 12/2022
- EIN
- 36-1264170
Organization Overview
International Brotherhood Of Electrical Workers is located in Chicago, IL. 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 12/2022, International Brotherhood Of Electrical Workers employed 80 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 12/2022, International Brotherhood Of Electrical Workers generated $26.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $24.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, International Brotherhood Of Electrical Workers has awarded 24 individual grants totaling $3,028,791. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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 |
|---|---|---|---|
Roy Day Executive Board | Trustee | 1 | $12,387 |
Richard Dicanio Executive Board | Trustee | 1 | $12,387 |
John Geoghegan Executive Board / Ba | Trustee | 40 | $152,092 |
Timothy Glover Executive Board | Trustee | 1 | $12,387 |
Dennis Morris Executive Board | Trustee | 1 | $12,387 |
Nicolle M Petit-Winn Executive Board | Trustee | 1 | $12,683 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Baum Sigman Auerbach & Neuman Legal Counsel | 12/30/18 | $142,385 |
Mcgann Ketterman & Rioux Legal Counsel | 12/30/18 | $133,505 |
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 | $23,870,118 |
| Investment income | $609,458 |
| 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 | $26,834,864 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $910,590 |
| Grants and other assistance to domestic individuals. | $6,057 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $2,491,344 |
| Compensation of current officers, directors, key employees. | $1,408,535 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,201,970 |
| Pension plan accruals and contributions | $1,084,932 |
| Other employee benefits | $1,589,476 |
| Payroll taxes | $522,436 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $213,758 |
| Fees for services: Accounting | $72,215 |
| Fees for services: Lobbying | $43,432 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,220 |
| Fees for services: Other | $201,427 |
| Advertising and promotion | $77,533 |
| Office expenses | $1,032,421 |
| Information technology | $191,960 |
| Royalties | $0 |
| Occupancy | $648,920 |
| Travel | $89,969 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $358,515 |
| Interest | $0 |
| Payments to affiliates | $5,395,549 |
| Depreciation, depletion, and amortization | $442,769 |
| Insurance | $221,249 |
| All other expenses | $138,765 |
| Total functional expenses | $24,651,210 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,687,553 |
| Savings and temporary cash investments | $2,032,917 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,465,837 |
| 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 | $179,427 |
| Net Land, buildings, and equipment | $1,726,789 |
| Investments—publicly traded securities | $21,930,652 |
| Investments—other securities | $4,055,128 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,889,153 |
| Total assets | $56,967,456 |
| Accounts payable and accrued expenses | $436,306 |
| Grants payable | $0 |
| Deferred revenue | $1,795,453 |
| 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 | $1,553,448 |
| Total liabilities | $3,785,207 |
| Net assets without donor restrictions | $53,182,249 |
| 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 | $56,967,456 |
Grants Awarded
Over the last fiscal year, International Brotherhood Of Electrical Workers has awarded $763,380 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
LOCAL 134 CFL DELEGATE SCHOLARSHIP FUND PURPOSE: FUNDING FOR SCHOLARSHIP PROGRAM | $24,950 |
A PHILIP RANDOLPH PULLMAN PORTER MUSEUM PURPOSE: CONTRIBUTION | $6,000 |
IBEW ILLINOIS PAC PURPOSE: FUNDING FOR ILLINOIS IBEW STATE PAC FUND | $472,560 |
UNION SPORTSMEN'S ALLIANCE PURPOSE: CONTRIBUTION | $5,750 |
VOTE YES FOR WORKER'S RIGHTS PURPOSE: EDUCATIONAL CONTRIBUTION | $236,620 |
ARCHER AVENUE ST PATRICK'S DAY PARADE PURPOSE: CONTRIBUTION | $7,500 |