International Brotherhood Of Electrical Workers Local Union No 34
- Assets
- $6.9m
- Revenue
- $2.8m
- Investments
- $500.0
- Employees
- 21
- Location
- Bartonville, IL
- Founding
- Data as of
- 06/2022
- EIN
- 37-0347390
Organization Overview
International Brotherhood Of Electrical Workers Local Union No 34 is located in Bartonville, IL. As of 06/2022, International Brotherhood Of Electrical Workers Local Union No 34 employed 21 individuals. International Brotherhood Of Electrical Workers Local Union No 34 is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2022, International Brotherhood Of Electrical Workers Local Union No 34 generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $2.5m during the year ending 06/2022. While expenses have increased by 0.6% 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
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 |
|---|---|---|---|
Paul Flynn Financial Secretary/bus Ma | Officer | 40 | $117,174 |
David Lowder Field Rep | 40 | $107,474 | |
Steven Marold Field Rep | 40 | $107,474 | |
Marc Burnap Treasurer | Officer | 40 | $70,479 |
Mike Kenney Recording Secretary | Trustee | 1 | $2,484 |
Mark Picton President | OfficerTrustee | 1 | $2,410 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,500 |
| 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 | $5,500 |
| Total Program Service Revenue | $2,366,169 |
| Investment income | $260,590 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $30,143 |
| Net Income from Fundraising Events | -$682 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,758,009 |
| 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. | $299,782 |
| Compensation of current officers, directors, key employees. | $89,935 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $509,871 |
| Pension plan accruals and contributions | $171,858 |
| Other employee benefits | $82,206 |
| Payroll taxes | $56,227 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,711 |
| Fees for services: Accounting | $23,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,319 |
| Fees for services: Other | $0 |
| Advertising and promotion | $28,018 |
| Office expenses | $87,702 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,897 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40,314 |
| Interest | $0 |
| Payments to affiliates | $638,995 |
| Depreciation, depletion, and amortization | $113,286 |
| Insurance | $22,665 |
| All other expenses | $115,148 |
| Total functional expenses | $2,492,341 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $600 |
| Savings and temporary cash investments | $363,296 |
| 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 | $2,423,382 |
| Investments—publicly traded securities | $4,018,482 |
| Investments—other securities | $500 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,856,260 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $6,851,783 |
| Net assets with donor restrictions | $4,477 |
| 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 | $6,856,260 |
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