International Brotherhood Of Electrical Workers
- Assets
- $14.8m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 11
- Location
- Forestville, MD
- Founding
- 08/1940
- Data as of
- 06/2023
- EIN
- 52-0567972
Organization Overview
International Brotherhood Of Electrical Workers is located in Forestville, 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 06/2023, International Brotherhood Of Electrical Workers employed 11 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 06/2023, International Brotherhood Of Electrical Workers generated $4.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $2.7m during the year ending 06/2023. While expenses have increased by 1.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MEMBERSHIP ORGANIZATION FOR ALL WORKERS IN THE ELECTRICAL INDUSTRY TO ORGANIZE INTO LOCAL UNIONS; PROMOTE REASONABLE WORK METHOD, ADEQUATE PAY AND WORKING CONDITIONS; SETTLE LABOR DISPUTES; THERE WERE 1,815 ACTIVE CLASS "A- AND 80 ACTIVE CLASS "BA" MEMBERS AT JUNE 30, 2023.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP ORGANIZATION FOR ALL WORKERS IN THE ELECTRICAL INDUSTRY TO ORGANIZE INTO LOCAL UNIONS; PROMOTE REASONABLE WORK METHOD, ADEQUATE PAY AND WORKING CONDITIONS; SETTLE LABOR DISPUTES; THERE WERE 1,815 ACTIVE CLASS "A- AND 80 ACTIVE CLASS "BA" MEMBERS AT JUNE 30, 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James M Horton Bus Mgr & Fi | OfficerTrustee | 40 | $146,078 |
Roland Carter President (f | OfficerTrustee | 40 | $131,456 |
Gary Helton Organizer | OfficerTrustee | 40 | $121,722 |
Michael Powers Safety Coord | OfficerTrustee | 40 | $121,722 |
Mark W Raines President | OfficerTrustee | 10 | $1,800 |
Robert R Hendricks Treasurer | OfficerTrustee | 10 | $2,400 |
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 | $4,282,902 |
| Investment income | $159,045 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,066 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,492,730 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $75,660 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $28,500 |
| Compensation of current officers, directors, key employees. | $561,764 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $272,138 |
| Pension plan accruals and contributions | $335,086 |
| Other employee benefits | $0 |
| Payroll taxes | $65,921 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $46,676 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,761 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,974 |
| Office expenses | $50,649 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $68,678 |
| Travel | $44,697 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $860,334 |
| Depreciation, depletion, and amortization | $48,386 |
| Insurance | $27,520 |
| All other expenses | $66,469 |
| Total functional expenses | $2,730,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,681,420 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $296,492 |
| 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 | $15,590 |
| Net Land, buildings, and equipment | $3,264,040 |
| Investments—publicly traded securities | $4,529,165 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,537 |
| Total assets | $14,798,244 |
| Accounts payable and accrued expenses | $64,301 |
| Grants payable | $0 |
| Deferred revenue | $35,000 |
| 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 | $80,569 |
| Total liabilities | $179,870 |
| Net assets without donor restrictions | $14,618,374 |
| 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 | $14,798,244 |
Grants Awarded
Over the last fiscal year, International Brotherhood Of Electrical Workers has awarded $11,090 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS EDUCATIONAL FUND PURPOSE: TO SUPPORT THE EDUCATION & TRAINING OF ITS MEMBERS & UNION OFFICIALS | $11,090 |
INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS UNITY FUND PURPOSE: TO SUPPORT THE HURRICANE SANDY DISASTER FUND | $0 |
INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS - COPE PURPOSE: TO SUPPORT NON-FEDERAL STATE & LOCAL ELECTION ACTIVITIES | $0 |