International Brotherhood Of Electrical Workers
- Assets
- $253.9k
- Revenue
- $303.0k
- Investments
- $0.0
- Employees
- 25
- Location
- Madison, WI
- Founding
- 08/1940
- Data as of
- 12/2022
- EIN
- 39-6063261
Organization Overview
International Brotherhood Of Electrical Workers, operating under the name IBEW Local 2304, is located in Madison, WI. The organization was established in 1940. 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, IBEW Local 2304 employed 25 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. IBEW Local 2304 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, IBEW Local 2304 generated $303.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $323.6k during the year ending 12/2022. While expenses have increased by 5.4% per year over the past 5 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
THE OBJECTIVE OF THIS LOCAL UNION SHALL BE TO PROMOTE BY ALL PROPER MEANS THE MATERIAL AND INTELLECTUAL WELFARE OF ITS MEMBERS (BYLAWS - ARTICLE I, SECTION 2)
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTIVE BARGANING AND REPRESENTATION TO 233 MEMBERS EMPLOYED BY MGE, MTI, WORT, AND FOR OUR FUTURE
MAINTAIN JURISDICTION OVER ALL PROFESSIONAL STAFF UNION WORK WHEN PERFORMED BY EMPLOYEES OF MADISON TEACHERS, INC., OVERSEE AND IMPLEMENT NEGOTIATED CHANGES IN THE LABOR AGREEMENT WITH THE PROFESSIONAL STAFF EMPLOYER FOR APPROXIMATELY 3 MEMBERS. MAINTAIN JURISDICTION OVER ALL FULL-TIME SALARIED STAFF UNION WORK WHEN PERFORMED BY EMPLOYEES OF BACK PORCH RADIO BROADCASTING, INC. A.K.A WORT 89.9FM, OVERSEE AND IMPLEMENT NEGOTIATED CHANGES IN THE LABOR AGREEMENT WITH THE FULL-TIME SALARIED STAFF EMPLOYER FOR APPROXIMATELY 7 MEMBERS. MAINTAIN JURISDICTION OVER ALL FULL-TIME SALARIED STAFF UNION WORK PERFORMED BY FOR OUR FUTURE, OVERSEE AND IMPLEMENT NEGOTIATED CHANGES IN THE LABOR AGREEMENT WITH THE FULL-TIME SALARIED STAFF EMPLOYER FOR APPROXIMATELY 3 MEMBERS.
CONDUCT THE NORMAL BUSINESS OF THE LOCAL UNION IN ACCORDANCE WITH THE LOCAL'S BYLAWS AND THE INTERNATIONAL CONSTITUTION AND SETTLE ALL DISPUTES BETWEEN EMPLOYERS AND EMPLOYEES BY ARBITRATION, IF POSSIBLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathan C Rasmussen President And Business Manager | Officer | 18 | $2,432 |
Lynn F Pleuss II Treasurer | Officer | 8 | $2,321 |
Jeffrey J Leckwee Vice President / Chief Steward | Officer | 2 | $2,100 |
Scott E Kreibs Financial Secretary | Officer | 4 | $1,768 |
Peter J Annen Recording Secretary | Officer | 0.7 | $1,768 |
Brian K Larsen Eboard | Officer | 0.5 | $1,105 |
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 | $295,506 |
| Investment income | $48 |
| 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 | $498 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $302,998 |
| 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. | $13,428 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,525 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $254 |
| Payroll taxes | $3,665 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,416 |
| Fees for services: Accounting | $4,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2 |
| Advertising and promotion | $4,616 |
| Office expenses | $3,626 |
| Information technology | $5,652 |
| Royalties | $0 |
| Occupancy | $17,734 |
| Travel | $11,229 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,370 |
| Interest | $0 |
| Payments to affiliates | $74,092 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $500 |
| All other expenses | $22,502 |
| Total functional expenses | $323,630 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $253,636 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $248 |
| Total assets | $253,884 |
| 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 | $253,884 |
| 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 | $253,884 |