International Brotherhood Of Electrical Workers
- Assets
- $5.1m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 36
- Location
- Charlotte, NC
- Founding
- 03/1953
- Data as of
- 12/2023
- 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 12/2023, International Brotherhood Of Electrical Workers employed 36 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 12/2023, International Brotherhood Of Electrical Workers generated $2.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $2.5m during the year ending 12/2023. While expenses have increased by 7.8% per year over the past 9 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
LABOR ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZE ELECTRICAL WORKERS & IMPROVE WAGES,HOURS, WORKING CONDITIONS & OTHER ECONOMIC ADVANTAGES THROUGH ORGINIZATION, NEGOTIATIONS & COLLECTIVE BARGAINING - 1,022 MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leland S Thrower Bus Mgr - Fi | Officer | 40 | $97,667 |
Glen Sutherland Executive Bo | OfficerTrustee | 40 | $93,906 |
Douglas P Mcdaniel Recording Se | Officer | 40 | $86,043 |
Michael R Aldorasi President | Officer | 40 | $84,076 |
Eddie G Byrams Examining Bo | Officer | 40 | $83,437 |
John K Butler Executive Bo | OfficerTrustee | 2 | $600 |
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 | $2,776,192 |
| Investment income | $92,617 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,395 |
| Net Gain/Loss on Asset Sales | -$968 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,905,658 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $40,480 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $78,956 |
| Compensation of current officers, directors, key employees. | $553,215 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $472,519 |
| Pension plan accruals and contributions | $61,520 |
| Other employee benefits | $130,698 |
| Payroll taxes | $73,244 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $132 |
| Fees for services: Accounting | $42,911 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,950 |
| Office expenses | $140,807 |
| Information technology | $66,052 |
| Royalties | $0 |
| Occupancy | $91,077 |
| Travel | $57,303 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,734 |
| Interest | $0 |
| Payments to affiliates | $461,715 |
| Depreciation, depletion, and amortization | $41,428 |
| Insurance | $22,551 |
| All other expenses | $17,358 |
| Total functional expenses | $2,496,647 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,012 |
| Savings and temporary cash investments | $1,447,267 |
| 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 | $1,405,629 |
| Investments—publicly traded securities | $1,785,516 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $422,673 |
| Total assets | $5,086,097 |
| 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 | $6,925 |
| Total liabilities | $6,925 |
| 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 | $5,079,172 |
| Total liabilities and net assets/fund balances | $5,086,097 |
Grants Awarded
Over the last fiscal year, International Brotherhood Of Electrical Workers has awarded $14,651 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
IBEW PAC PURPOSE: EDUCATIONAL FUND | $5,151 |
MDA PURPOSE: RESEARCH | $9,500 |