International Brotherhood Of Electrical Workers
- Assets
- $14.5m
- Revenue
- $6.4m
- Investments
- $38.3k
- Employees
- 62
- Location
- Minneapolis, MN
- Founding
- 08/1940
- Data as of
- 12/2022
- EIN
- 41-0415203
Organization Overview
International Brotherhood Of Electrical Workers is located in Minneapolis, MN. 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, International Brotherhood Of Electrical Workers employed 62 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 $6.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $7.9m during the year ending 12/2022. While expenses have increased by 6.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LABOR UNION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO REPRESENT ELECTRICAL WORKERS EMPLOYED BY XCEL ENERGY, AS WELL AS WORKERS EMPLOYED BY SEVERAL COOPERATIVE POWER ASSOCIATIONS, MUNICIPALITIES, OUTSIDE LINE CONSTRUCTION, LINE CLEARANCE AND NON-REGULATED RDF PLANTS AND UNIVERSITY OF MINNESOTA PLANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kurt Zimmerman Business Mgr | Officer | 48 | $162,188 |
Eric Spielmann Business Rep | 48 | $145,505 | |
Nick Steckelberg Business Rep | 48 | $145,453 | |
Darrin Helget Business Rep | 48 | $145,430 | |
Michael Ringstad Business Rep | 48 | $145,378 | |
Michael Enerson Business Rep | 48 | $145,303 |
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 | $5,824,047 |
| Investment income | $339,303 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $167,436 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,426,355 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $84,468 |
| 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. | $220,444 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,526,397 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $752,011 |
| Payroll taxes | $135,466 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $95,586 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $59,965 |
| Fees for services: Other | $10,900 |
| Advertising and promotion | $0 |
| Office expenses | $108,571 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $133,108 |
| Travel | $2,184 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $85,008 |
| Interest | $0 |
| Payments to affiliates | $1,356,362 |
| Depreciation, depletion, and amortization | $88,310 |
| Insurance | $49,404 |
| All other expenses | $17,298 |
| Total functional expenses | $7,900,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $219,514 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $10,000 |
| 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 | $304,441 |
| Investments—publicly traded securities | $9,605,137 |
| Investments—other securities | $38,251 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,317,880 |
| Total assets | $14,495,223 |
| 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 | $14,495,223 |
| 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 | $14,495,223 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Union Of Operating Engineers Minneapolis, MN | $24,562,358 | $20,752,936 |
Minnesota Teamsters Construction Division Fringe Benefit Funds Mendota Heights, MN | $30,866,404 | $23,683,343 |
Minnesota Nurses Association St Paul, MN | $18,618,225 | $17,502,340 |
National Pork Producers Council Des Moines, IA | $42,247,883 | $19,050,439 |
Carpenters And Joiners Apprenticeship And Journeymen St Paul, MN | $20,144,324 | $15,253,021 |
International Union Of Operating Engineers 139 Pewaukee, WI | $24,439,793 | $14,629,454 |
Service Employees International Union St Paul, MN | $3,226,378 | $12,392,421 |
Wisconsin Fox River Valley Sheet Metal Workers Welfare Trust Waukesha, WI | $17,147,311 | $12,962,825 |
Pipe Trades Health Care Services Inc White Bear Lake, MN | $1,989,770 | $11,324,397 |
International Brotherhood Of Teamsters Blaine, MN | $9,219,386 | $11,430,169 |
Laborers International Union Of North America Minneapolis, MN | $22,106,073 | $10,887,732 |
Mra-The Management Association Inc Waukesha, WI | $15,359,430 | $10,314,261 |