International Brotherhood Of Electrical Workers
- Assets
- $7.2m
- Revenue
- $2.9m
- Investments
- $500.0
- Employees
- 30
- Location
- Bartonville, IL
- Founding
- Data as of
- 06/2023
- EIN
- 37-0347390
Organization Overview
International Brotherhood Of Electrical Workers is located in Bartonville, IL. As of 06/2023, International Brotherhood Of Electrical Workers employed 30 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 06/2023, International Brotherhood Of Electrical Workers generated $2.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $2.7m during the year ending 06/2023. While expenses have increased by 1.5% 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
OPERATION OF AN ELECTRICAL WORKERS LOCAL UNION
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF ELECTRICAL WORKERS LOCAL UNION FOR THE BENEFIT OF ITS MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Picton- Past President | OfficerTrustee | 1 | $1,305 |
Raymond Fisher- Past Executive Board | Trustee | 1 | $385 |
Charles Carrithers Executive Board | Trustee | 1 | $1,563 |
Terry Smith- Past Executive Board | Trustee | 1 | $47,260 |
Robert Sheely Executive Board | Trustee | 1 | $4,141 |
Jacob Naylor Executive Board | Trustee | 1 | $2,510 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $9,150 |
| 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 | $9,150 |
| Total Program Service Revenue | $2,613,419 |
| Investment income | $209,569 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$16,031 |
| Net Income from Fundraising Events | -$240 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,880,815 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,150 |
| 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. | $494,705 |
| Compensation of current officers, directors, key employees. | $148,412 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $435,093 |
| Pension plan accruals and contributions | $155,146 |
| Other employee benefits | $70,236 |
| Payroll taxes | $61,629 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,293 |
| Fees for services: Accounting | $23,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,318 |
| Fees for services: Other | $0 |
| Advertising and promotion | $33,680 |
| Office expenses | $103,688 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,812 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $57,504 |
| Interest | $0 |
| Payments to affiliates | $709,390 |
| Depreciation, depletion, and amortization | $118,644 |
| Insurance | $41,931 |
| All other expenses | $113,052 |
| Total functional expenses | $2,697,827 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $600 |
| Savings and temporary cash investments | $409,304 |
| 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 | $50,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,414,112 |
| Investments—publicly traded securities | $4,344,096 |
| Investments—other securities | $500 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,218,612 |
| 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 | $75 |
| Total liabilities | $75 |
| Net assets without donor restrictions | $7,191,647 |
| Net assets with donor restrictions | $26,890 |
| 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 | $7,218,612 |