International Brotherhood Of Electrical Workers
- Assets
- $667.2m
- Revenue
- $183.2m
- Investments
- $223.8m
- Employees
- 465
- Location
- Washington, DC
- Founding
- 08/1940
- Data as of
- 06/2022
- EIN
- 53-0088380
Organization Overview
International Brotherhood Of Electrical Workers is located in Washington, DC. 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 06/2022, International Brotherhood Of Electrical Workers employed 465 individuals. This organization is a parent organization of 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 06/2022, International Brotherhood Of Electrical Workers generated $183.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $170.2m during the year ending 06/2022. While expenses have increased by 2.0% per year over the past 7 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.
Since 2015, International Brotherhood Of Electrical Workers has awarded 280 individual grants totaling $23,275,563. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ORGANIZE ALL WORKERS FOR THEIR MORAL, ECONOMIC, SOCIAL ADVANCEMENT, CONDITION AND STATUS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LARGEST OF OUR PROGRAM SERVICE EFFORTS IS CONTRACT NEGOTIATION AND ADMINISTRATION FOR EFFORTS DIRECTLY OR INDIRECTLY ASSISTING OUR LOCAL UNIONS IN THE NEGOTIATION AND ADMINISTRATION OF OUR VARIOUS COLLECTIVE BARGAINING AGREEMENTS. OTHER MAJOR PROGRAMMATIC EFFORTS INCLUDE ORGANIZING, TO REPRESENT ALL WORKERS FOR THE ADVANCEMENT OF THEIR CONDITION AND STATUS, AND THE ADMINISTRATION OF THE UNION WITH MEMBERSHIP PROCESSING AND EDUCATION OF OUR LOCAL UNIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lonnie Stephenson Int'l President | Officer | 40 | $470,413 |
Kenneth Cooper Int'l Secretary/treasurer | Officer | 40 | $413,098 |
Darrin Golden Exec. Asst To Ist | 40 | $286,967 | |
Brian Threadgold Exec. Asst To Ist | 40 | $267,957 | |
David Ruhmkorff Int'l Vice President | Officer | 40 | $267,057 |
Michael Welsh Int'l Vice President | Officer | 40 | $265,921 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sherman Dunn Pc Legal Services | 6/29/22 | $2,121,127 |
Kelly Press Printing Services | 6/29/22 | $3,306,219 |
Automotive Rentals Inc Auto Leasing | 6/29/22 | $938,580 |
Cdwg Inc Technology | 6/29/22 | $665,194 |
Potts-dupre Hawkins Kramer Legal Services | 6/29/22 | $537,234 |
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 | $667,900 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $667,900 |
| Total Program Service Revenue | $165,231,184 |
| Investment income | $12,190,182 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $549,416 |
| Net Rental Income | $356,393 |
| Net Gain/Loss on Asset Sales | $4,021,889 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $415,367 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $183,160,321 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,534,850 |
| Grants and other assistance to domestic individuals. | $14,800 |
| Grants and other assistance to Foreign Orgs/Individuals | $50,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $64,706,459 |
| Pension plan accruals and contributions | $4,581,914 |
| Other employee benefits | $23,853,030 |
| Payroll taxes | $10,097,262 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,882,912 |
| Fees for services: Accounting | $154,120 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $770,295 |
| Fees for services: Other | $1,778,545 |
| Advertising and promotion | $27,213 |
| Office expenses | $2,687,615 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,621,761 |
| Travel | $4,801,350 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,851,056 |
| Interest | $70,981 |
| Payments to affiliates | $7,471,660 |
| Depreciation, depletion, and amortization | $3,269,605 |
| Insurance | $967,155 |
| All other expenses | $437,605 |
| Total functional expenses | $170,205,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,303,456 |
| Savings and temporary cash investments | $25,423,398 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,078,600 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $20,400,500 |
| Inventories for sale or use | $1,867,853 |
| Prepaid expenses and deferred charges | $1,293,876 |
| Net Land, buildings, and equipment | $13,394,130 |
| Investments—publicly traded securities | $348,155,308 |
| Investments—other securities | $223,776,434 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,536,883 |
| Total assets | $667,230,438 |
| Accounts payable and accrued expenses | $19,029,110 |
| Grants payable | $0 |
| Deferred revenue | $12,646,235 |
| 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 | $102,918,384 |
| Total liabilities | $134,593,729 |
| Net assets without donor restrictions | $532,636,709 |
| 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 | $667,230,438 |
Grants Awarded
Over the last fiscal year, International Brotherhood Of Electrical Workers has awarded $2,301,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
IBEW PAC EDUCATION FUND PURPOSE: PROGRAMMATIC SUPPORT | $1,850,000 |
Spring Hill, TN PURPOSE: PROGRAMMATIC SUPPORT | $201,000 |
Freeland, PA PURPOSE: PROGRAMMATIC SUPPORT | $50,000 |
Washington, DC PURPOSE: PROGRAMMATIC SUPPORT | $30,000 |
Washington, DC PURPOSE: PROGRAMMATIC SUPPORT | $30,000 |
Los Angeles, CA PURPOSE: PROGRAMMATIC SUPPORT | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that International Brotherhood Of Electrical Workers has recieved totaling $416,408.
| Awarding Organization | Amount |
|---|---|
National Neca-Ibew Labor-Management Cooperatin Committee Trust Fund Washington, DC PURPOSE: BUSINESS DEVELOPMENT | $187,500 |
International Brotherhood Of Electrical Workers Alton, IL PURPOSE: IBEW MANDATED CONTRIBUTION | $162,408 |
International Brotherhood Of Electrical Workers Cedar Rapids, IA PURPOSE: TO SUPPORT PROGRAMS USED TO COMMUNICATE WITH MEMBERS | $56,000 |
International Brotherhood Of Electrical Workers West Frankfort, IL PURPOSE: CHARITABLE CONTRIBUTION | $10,500 |