International Brotherhood Of Electrical Workers
- Assets
- $188.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 18
- Location
- North Mankato, MN
- Founding
- 03/1958
- Data as of
- 12/2021
- EIN
- 41-0799959
Organization Overview
International Brotherhood Of Electrical Workers is located in North Mankato, MN. The organization was established in 1958. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2021, International Brotherhood Of Electrical Workers employed 18 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 12/2021, International Brotherhood Of Electrical Workers generated $108.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $126.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE OBJECTIVE OF THE LOCAL UNION SHALL BE TO PROMOTE BY ALL PROPER MEANS THE MATERIAL AND INTELLECTUAL WELFARE OF ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Woelfel President/business Manager | 5 | $7,030 | |
Chris Braam Press Secretary | 5 | $2,716 | |
David Miller Treasurer | 5 | $2,598 | |
Johnathon Brooks Financial Secretary | 5 | $2,569 | |
Jeff Brooks Recording Secretary | 5 | $2,382 | |
Terry Bode Vice President | 5 | $2,215 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $94,469 |
| Membership dues | $0 |
| Investment income | $11,852 |
| Gain or Loss | $1,334 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,225 |
| Total Revenue | $108,880 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $50 |
| Salaries, other compensation, and employee benefits | $27,769 |
| Professional fees and other payments to independent contractors | $16,064 |
| Occupancy, rent, utilities, and maintenance | $9,259 |
| Printing, publications, postage, and shipping | $4,190 |
| Other expenses | $69,519 |
| Total expenses | $126,851 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $188,217 |
| Other assets | $0 |
| Total assets | $188,217 |
| Total liabilities | $663 |
| Net assets or fund balances | $187,554 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Education Minnesota St Paul, MN | $66,283,893 | $38,243,817 |
Electrical Workers Local No 292 Vacation & Holliday Tr Fund Maple Grove, MN | $1,897,234 | $20,526,517 |
American Federation Of State County & Municipal Employees South St Paul, MN | $13,971,219 | $24,500,576 |
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 |