International Brotherhood Of Electrical Workers
- Assets
- $12.0m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 54
- Location
- Milwaukee, WI
- Founding
- 01/1935
- Data as of
- 12/2023
- EIN
- 39-0260870
Organization Overview
International Brotherhood Of Electrical Workers is located in Milwaukee, WI. The organization was established in 1935. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2023, International Brotherhood Of Electrical Workers employed 54 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 12/2023, International Brotherhood Of Electrical Workers generated $4.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $3.6m during the year ending 12/2023. While expenses have increased by 4.0% per year over the past 9 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
TOGETHER, WE WILL PROVIDE QUALITY ELECTRICAL SERVICES WITH HIGHLY TRAINED AND HARD WORKING MEMBERS OF THE IBEW/ NECA TEAM. WE WILL EARN THE RESPECT OF OUR CUSTOMERS AND COMMUNITY BY BEING INNOVATIVE, RESPONSIVE, PRODUCTIVE AND COST EFFECTIVE. TO ASSURE THAT EVERY ELECTRICAL WORKER IN THE ELECTRICAL INDUSTRY ENJOYS THE FULL BENEFITS OF I.B.E.W. REPRESENTATION AND MEMBERSHIP FOR A BETTER QUALITY OF LIFE. TO ACHIEVE POWER TO NEGOTIATE THE TERMS AND CONDITIONS OF EMPLOYMENT OF EVERY ELECTRICAL WORKER FOR A BETTER STANDARD OF LIVING. TO ELEVATE THE ECONOMIC, POLITICAL AND SOCIAL STANDING OF EVERY ELECTRICAL WORKER IN OUR COMMUNITY AND SOCIETY. TO ENABLE THE I.B.E.W. TO PLAN A POSITIVE AND STABILIZING ROLE FOR BENEFIT OF THE INDUSTRY'S PARTICIPANTS, CUSTOMERS AND COMMUNITY AT LARGE. TO ASSUME A LEADING ROLE IN THE REVITALIZING FOR THE LABOR MOVEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTS COLLECTIVE BARGAINING ON BEHALF OF THE MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Falkenberg President | OfficerTrustee | 3.75 | $10,212 |
John Mcintyre Vice President | OfficerTrustee | 0.5 | $2,118 |
John Ryan Treasurer | OfficerTrustee | 0.75 | $8,809 |
Jarrett Jante Recording Secretary | OfficerTrustee | 1.5 | $3,771 |
Ryan Miller Executive Board | Trustee | 0.75 | $2,220 |
Tony Paul Executive Board | Trustee | 0.75 | $2,926 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,774,660 |
| 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 | $3,774,660 |
| Total Program Service Revenue | $0 |
| Investment income | $189,507 |
| 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 | $3,977,666 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $58,402 |
| Compensation of current officers, directors, key employees. | $401,091 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $961,355 |
| Pension plan accruals and contributions | $121,912 |
| Other employee benefits | $494,694 |
| Payroll taxes | $97,398 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,200 |
| Fees for services: Accounting | $22,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $23,464 |
| Office expenses | $251,620 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,221 |
| Travel | $90,521 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $177,876 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $144,247 |
| Insurance | $12,959 |
| All other expenses | $111,006 |
| Total functional expenses | $3,640,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,342,233 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,648,200 |
| Investments—publicly traded securities | $9,053,267 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,043,700 |
| Accounts payable and accrued expenses | $315,680 |
| 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 | $315,680 |
| Net assets without donor restrictions | $11,728,020 |
| 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 | $12,043,700 |