International Brotherhood Of Electrical Workers
- Assets
- $139.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 18
- Location
- North Mankato, MN
- Founding
- 03/1958
- Data as of
- 12/2023
- 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 12/2023, 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 12/2023, International Brotherhood Of Electrical Workers generated $123.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $126.7k during the year ending 12/2023. While expenses have increased by 1.5% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
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 Financial Sec/pres-Business Mgr-P | 2.6 | $5,840 | |
Terry Bode Vice President | 1.8 | $2,729 | |
Johnathon Brooks Financial Secretary - Past | 1.8 | $2,906 | |
David Miller Pres-Business Mgr/treas - Past | 2.6 | $6,409 | |
Jeff Brooks Recording Secretary | 1.8 | $2,487 | |
Chris Braam Press Secretary | 1.8 | $3,050 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $116,295 |
| Membership dues | $0 |
| Investment income | $5,044 |
| Gain or Loss | $1,937 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $123,276 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $250 |
| Salaries, other compensation, and employee benefits | $32,769 |
| Professional fees and other payments to independent contractors | $10,727 |
| Occupancy, rent, utilities, and maintenance | $6,480 |
| Printing, publications, postage, and shipping | $495 |
| Other expenses | $14,365 |
| Total expenses | $126,683 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $139,777 |
| Other assets | $0 |
| Total assets | $139,777 |
| Total liabilities | $572 |
| Net assets or fund balances | $139,205 |