International Brotherhood Of Electrical Workers
- Assets
- $2.2m
- Revenue
- $953.6k
- Investments
- $0.0
- Employees
- 12
- Location
- Clarksburg, WV
- Founding
- 08/1940
- Data as of
- 12/2022
- EIN
- 55-0341809
Organization Overview
International Brotherhood Of Electrical Workers is located in Clarksburg, WV. 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 12 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 $953.6k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 5 years. 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
COLLECTION OF DUES TO PROMOTE BETTER WORK ENVIRONMENTS AND ADEQUATE PAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTION OF DUES TO PROMOTE BETTER WORK ENVIRONMENTS AND ADEQUATE PAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lance Oldaker Finsec\bus.mang | Officer | 6 | $98,527 |
Shawn Young Exec. Board | Trustee | 4 | $32,526 |
David Friend Treasurer | Officer | 6 | $1,488 |
Patrick Coffman Exec. Board | Trustee | 4 | $0 |
Chris Farley Exec. Board | Trustee | 4 | $0 |
Mike Ice Exec. Board | Trustee | 4 | $0 |
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 | $839,002 |
| Investment income | $107,219 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $953,598 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,599 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $132,541 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $248,247 |
| Pension plan accruals and contributions | $58,632 |
| Other employee benefits | $98,401 |
| Payroll taxes | $31,711 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,739 |
| Fees for services: Lobbying | $3,519 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,950 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $14,338 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,641 |
| Travel | $21,553 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,813 |
| Interest | $0 |
| Payments to affiliates | $65,658 |
| Depreciation, depletion, and amortization | $7,787 |
| Insurance | $6,810 |
| All other expenses | $34,677 |
| Total functional expenses | $1,052,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $176,481 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $106,749 |
| Investments—publicly traded securities | $1,928,288 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $2,212,019 |
| Accounts payable and accrued expenses | $16,681 |
| 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 | $16,681 |
| Net assets without donor restrictions | $0 |
| 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 | $2,195,338 |
| Total liabilities and net assets/fund balances | $2,212,019 |