New Jersey State Electrical Workers Association Construction Div

The information for New Jersey State Electrical Workers Association Construction Div is as of the organization's most recent filing in November '22. This organization is located in Folsom, NJ. It has been in existence for 30 years, following its founding in 1992.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The New Jersey State Electrical Workers Association Construction Div's NTEE code is J40. The "J" tells us that the organization is classified along with Labor Unions. The "40" tells us that the organization is focused on Employment. The NTEE describes organizations in this category as working to promote the rights of employees to fair remuneration and safe working conditions. This organization is specifically classified as a 501(c)(5) organization. The IRS describes these organizations as Labor, Agricultural and Horticultural Organizations. The primary exempt purpose of the organization is to provide a forum for electrical workers to discuss the issues facing the electrical industry.

Program Areas

Program Area 1: The organization's primary exempt purpose is to provide a forum for electrical workers to discuss the issues facing the electrical industry within the general fund.

Organization Staffing

The New Jersey State Electrical Workers Association Construction Div is run by Joseph Egan, who is the President. The organization has only 1 employee, who is paid over $100k per year. There are no volunteers supporting the organization's labor force.

Board Governance

The New Jersey State Electrical Workers Association Construction Div appears to have a relatively small governing board, with only three voting members. While the absence of independent members may raise concerns about potential conflicts of interest, the provided information states that potential conflicts of interest do not exist. However, it is worth noting that the organization does not have a conflict of interest policy or require disclosure of conflicts, which may limit transparency and accountability in decision-making processes. On a positive note, both board meetings and committee meetings are documented, indicating a commitment to transparency and record-keeping. However, the organization does not have a written whistleblower policy or a document retention policy, which could be seen as potential areas for improvement in governance practices. Furthermore, the organization does not substantiate or review leadership salaries or officer's salaries, which may raise questions about the organization's financial oversight and accountability. Additionally, the organization does not provide copies of the 990 (tax return) to the board prior to filing, which could limit the board's ability to review and ensure compliance with financial regulations. Overall, while the New Jersey State Electrical Workers Association Construction Div demonstrates some aspects of good governance, such as documenting meetings, there are areas where improvements could be made to enhance transparency, accountability, and financial oversight.

Organization Growth

The New Jersey State Electrical Workers Association Construction Div nonprofit organization has experienced growth over the given time period. Contributions and grants received increased from $290.0K in 2016 to $360.0K in 2021, indicating an increase in support. Total revenue also increased from $295.6K in 2016 to $360.0K in 2021, further demonstrating growth. Employee salaries also saw an increase from $162.6K in 2016 to $203.3K in 2021, suggesting the organization expanded its workforce or provided raises. However, it is important to note that the number of total employees remained the same at 1 throughout the time period. Despite this, the organization's overall financials show positive growth.