International Brotherhood Of Electrical Workers
- Assets
- $2.2m
- Revenue
- $750.2k
- Investments
- $612.0k
- Employees
- 15
- Location
- Cumberland, MD
- Founding
- 08/1940
- Data as of
- 12/2022
- EIN
- 52-0508343
Organization Overview
International Brotherhood Of Electrical Workers is located in Cumberland, MD. 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 15 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 $750.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $687.4k during the year ending 12/2022. While expenses have increased by 6.0% 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 ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTES GOOD WORKMANSHIP, MAKES CERTAIN THAT UNION MEMBERS ARE PAID A FAIR WAGE AND HAVE SAFE WORKING CONDITIONS AND PROTECTS ITS MEMBERS FROM UNJUST AND INJURIOUS COMPETITION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rodney E Rice Business Manager | Officer | 40 | $95,686 |
Daniel M Tedrick Treasurer | Officer | 40 | $78,673 |
George A Koontz President | Officer | 1 | $3,251 |
James Kegg Jr Recording Secretary | Officer | 1 | $90 |
Mark A Garlitz Vice President | Officer | 1 | $0 |
Jason Browning Executive Board | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $677,323 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,399 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $681,722 |
| Total Program Service Revenue | $0 |
| Investment income | $38,688 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,355 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $750,245 |
| 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. | $177,700 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $85,321 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $121,363 |
| Payroll taxes | $22,527 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,360 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,405 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,513 |
| Office expenses | $15,532 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,180 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,975 |
| Interest | $124 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,271 |
| Insurance | $14,116 |
| All other expenses | $35,549 |
| Total functional expenses | $687,401 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,336 |
| 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 | $355,694 |
| Inventories for sale or use | $9,584 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $74,341 |
| Investments—publicly traded securities | $1,019,904 |
| Investments—other securities | $611,997 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,165,856 |
| Accounts payable and accrued expenses | $38,909 |
| 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 | $38,909 |
| Net assets without donor restrictions | $2,126,947 |
| 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 | $2,165,856 |