International Brotherhood Of Electrical Workers
- Assets
- $4.6m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 33
- Location
- Charlotte, NC
- Founding
- 03/1953
- Data as of
- 12/2021
- EIN
- 56-0429515
Organization Overview
International Brotherhood Of Electrical Workers is located in Charlotte, NC. The organization was established in 1953. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2021, International Brotherhood Of Electrical Workers employed 33 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 12/2021, International Brotherhood Of Electrical Workers generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. While expenses have increased by 7.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LABOR ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZE ELECTRICAL WORKERS IMPROVE WAGES, HOURS, WORKING CONDITIONS OTHER ECONOMIC ADVANTAGES THROUGH ORGANIZATION, NEGOTIATIONS COLLECTIVE BARGAINING - 864 MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leland S Thrower Bus Mgr - Fin Sec | Officer | 40 | $88,049 |
Mickey Aldorasi President | Officer | 40 | $69,834 |
Douglas P Mcdaniel Rec Sec | Officer | 40 | $69,834 |
Eddie G Byrams Exam Board | Officer | 40 | $69,834 |
John K Butler Exec Board | OfficerTrustee | 2 | $870 |
Gilbert J Mcintyre Exec Board | OfficerTrustee | 2 | $660 |
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 | $1,907,890 |
| Investment income | $40,203 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,697 |
| Net Gain/Loss on Asset Sales | $2,557 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,989,442 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,208 |
| Grants and other assistance to domestic individuals. | $1,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $55,941 |
| Compensation of current officers, directors, key employees. | $403,097 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $549,096 |
| Pension plan accruals and contributions | $68,563 |
| Other employee benefits | $144,459 |
| Payroll taxes | $70,276 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $588 |
| Fees for services: Accounting | $7,251 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $37,815 |
| Office expenses | $128,052 |
| Information technology | $60,776 |
| Royalties | $0 |
| Occupancy | $71,371 |
| Travel | $29,319 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,680 |
| Interest | $0 |
| Payments to affiliates | $351,485 |
| Depreciation, depletion, and amortization | $53,146 |
| Insurance | $16,503 |
| All other expenses | $18,551 |
| Total functional expenses | $2,112,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,490 |
| Savings and temporary cash investments | $845,335 |
| 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 | $1,441,208 |
| Investments—publicly traded securities | $1,837,706 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $410,577 |
| Total assets | $4,593,316 |
| Accounts payable and accrued expenses | $0 |
| 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 | $6,513 |
| Total liabilities | $6,513 |
| 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 | $4,586,803 |
| Total liabilities and net assets/fund balances | $4,593,316 |
Grants Awarded
Over the last fiscal year, International Brotherhood Of Electrical Workers has awarded $29,302 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: RESEARCH | $9,500 |
Chicago, IL PURPOSE: RESEARCH | $9,500 |
IBEW PAC PURPOSE: EDUCATIONAL FUND | $5,151 |
IBEW PAC PURPOSE: EDUCATIONAL FUND | $5,151 |