International Brotherhood Of Electrical Workers
- Assets
- $6.3m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 34
- Location
- Warrenville, IL
- Founding
- 03/1968
- Data as of
- 12/2022
- EIN
- 36-2151869
Organization Overview
International Brotherhood Of Electrical Workers is located in Warrenville, IL. The organization was established in 1968. 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 34 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 $3.3m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $3.5m during the year ending 12/2022. 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 ORGANIZE ALL WORKERS FOR THE ECONOMIC, MORAL AND SOCIAL ADVANCEMENT OF THEIR CONDITION AND STATUS.
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. THERE WERE 1,419 MEMBERS AT YEAR END.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Giunti Business Manager/fin Sec | OfficerTrustee | 40 | $157,873 |
William Drew President | OfficerTrustee | 3 | $8,302 |
John Ahearn Former Vice President | OfficerTrustee | 3 | $1,772 |
Frank Furco Frmr Business Manager/fin Sec | OfficerTrustee | 40 | $141,400 |
Brian Benson Treasurer | OfficerTrustee | 3 | $3,064 |
Brian Schulz Executive Board | OfficerTrustee | 3 | $4,488 |
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 | $3,178,380 |
| Investment income | $170,474 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$26,993 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$35,540 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,286,321 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $82,981 |
| Grants and other assistance to domestic individuals. | $16,672 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $18,000 |
| Compensation of current officers, directors, key employees. | $1,440,682 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $292,704 |
| Pension plan accruals and contributions | $85,902 |
| Other employee benefits | $116,602 |
| Payroll taxes | $92,339 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,437 |
| Fees for services: Accounting | $13,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,091 |
| Fees for services: Other | $6,702 |
| Advertising and promotion | $1,770 |
| Office expenses | $55,029 |
| Information technology | $14,598 |
| Royalties | $0 |
| Occupancy | $173,502 |
| Travel | $43,655 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $47,255 |
| Interest | $0 |
| Payments to affiliates | $730,017 |
| Depreciation, depletion, and amortization | $95,072 |
| Insurance | $24,645 |
| All other expenses | $43,036 |
| Total functional expenses | $3,498,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $528,308 |
| Savings and temporary cash investments | $263,862 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $251,064 |
| 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 | $33,319 |
| Net Land, buildings, and equipment | $130,260 |
| Investments—publicly traded securities | $5,078,207 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,135 |
| Total assets | $6,317,155 |
| Accounts payable and accrued expenses | $323,497 |
| 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 | $323,497 |
| Net assets without donor restrictions | $5,993,658 |
| 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 | $6,317,155 |
Grants Awarded
Over the last fiscal year, International Brotherhood Of Electrical Workers has awarded $27,547 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHOOSE DUPAGE PURPOSE: DONATION | $7,500 |
IBEW 701 NEEDY MEMBERS FUND PURPOSE: DONATION | $20,047 |