International Brotherhood Of Electrical Workers
- Assets
- $7.2m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 29
- Location
- Rockford, IL
- Founding
- 08/1966
- Data as of
- 09/2022
- EIN
- 36-2041792
Organization Overview
International Brotherhood Of Electrical Workers is located in Rockford, IL. The organization was established in 1966. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 09/2022, 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 09/2022, International Brotherhood Of Electrical Workers generated $5.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $3.4m during the year ending 09/2022. While expenses have increased by 6.7% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE MATERIAL AND INTELLECTUAL WELFARE OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTED THE MATERIAL AND INTELLECTUAL WELFARE OF ITS MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Golden Bus Mgr/fin | OfficerTrustee | 42 | $122,366 |
Josh Fulton Exec. Board | Trustee | 2 | $1,178 |
David Wedwick Treasurer | OfficerTrustee | 2 | $1,128 |
Zach Holycross Exec. Board | Trustee | 2 | $1,128 |
Brad Vos President | OfficerTrustee | 2 | $864 |
Matthew Like Vice-Preside | OfficerTrustee | 2 | $0 |
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 | $5,550,182 |
| Investment income | $10,352 |
| 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 | $5,694,088 |
| 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. | $814,210 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $348,444 |
| Pension plan accruals and contributions | $107,880 |
| Other employee benefits | $122,556 |
| Payroll taxes | $79,368 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,013 |
| Fees for services: Accounting | $38,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $400 |
| Office expenses | $49,383 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $180,000 |
| Travel | $77,389 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,960 |
| Interest | $0 |
| Payments to affiliates | $332,969 |
| Depreciation, depletion, and amortization | $40,851 |
| Insurance | $19,177 |
| All other expenses | $222,116 |
| Total functional expenses | $3,389,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,572,729 |
| Savings and temporary cash investments | $1,129,651 |
| 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 | $284,714 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,044 |
| Net Land, buildings, and equipment | $171,923 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,168,061 |
| Accounts payable and accrued expenses | $78,473 |
| 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 | $78,473 |
| Net assets without donor restrictions | $7,089,588 |
| 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 | $7,168,061 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Federation Of State County & Municipal Employees Springfield, IL | $61,133,676 | $26,100,915 |
Laborers International Union Of North America Burr Ridge, IL | $65,530,613 | $20,238,151 |
Chicago Regional Council Of Carpenters Apprentice And Trainee Elk Grove Village, IL | $58,144,102 | $15,674,310 |
Indiana State Teachers Association Indianapolis, IN | $36,026,795 | $22,473,562 |
Chicago Journeymen Plumbers Local 130 Chicago, IL | $20,981,689 | $17,441,460 |
United Food And Commercial Workers International Union Des Plaines, IL | $30,640,392 | $15,439,141 |
Laborers International Union Of North America Chicago, IL | $42,312,837 | $17,661,518 |
National Pork Producers Council Des Moines, IA | $42,247,883 | $19,050,439 |
International Union Of Operating Engineers 139 Pewaukee, WI | $24,439,793 | $14,629,454 |
Service Employees International Union Chicago, IL | $8,645,665 | $14,966,009 |
Chicago & Vicinity Laborers Carol Stream, IL | $83,711,023 | $20,877,636 |
Boilermakers National Apprentice Ship Fund Kansas City, MO | $53,012,610 | $16,312,331 |