International Brotherhood Of Electrical Workers
- Assets
- $1.4m
- Revenue
- $510.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Asheville, NC
- Founding
- 08/1940
- Data as of
- 06/2023
- EIN
- 56-0499642
Organization Overview
International Brotherhood Of Electrical Workers is located in Asheville, NC. 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 06/2023, International Brotherhood Of Electrical Workers employed 3 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 06/2023, International Brotherhood Of Electrical Workers generated $510.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $506.8k during the year ending 06/2023. While expenses have increased by 5.9% per year over the past 8 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 UNION FOR ELECTRICAL WORKERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEGOTIATE COLLECTIVE BARGAINING AGREEMENTS FOR ELECTRICAL WORKERS, AND MAINTAIN SUCH AGREEMENTS FOR THE BENEFIT OF THE LOCAL UNION.
MAINTAIN & PRESERVE PENSION AND HEALTH AND WELFARE PLANS FOR THE MEMBERS OF THE IBEW.
ORGANIZE ALL ELECTRICAL WORKERS INTO LOCAL UNION 238 OF THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard T Sluder Jr Bus Mgr / Fin Secretary | Officer | 55 | $74,287 |
Willie J Moore President | Officer | 2 | $0 |
Kenneth D Frisbee Vice President | Officer | 2 | $0 |
Matthew N Gartman Treasurer | Officer | 2 | $0 |
Kacee M Williams Recording Secretary | Officer | 2 | $0 |
Jason L Simons Executive Board | Officer | 2 | $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 | $403,514 |
| Investment income | $6,273 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,340 |
| 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 | $510,114 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,680 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $104,411 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $126,292 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $42,776 |
| Payroll taxes | $16,074 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,765 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,884 |
| Office expenses | $26,729 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $369 |
| Travel | $14,707 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,284 |
| Interest | $7,012 |
| Payments to affiliates | $104,035 |
| Depreciation, depletion, and amortization | $10,374 |
| Insurance | $4,983 |
| All other expenses | $8,321 |
| Total functional expenses | $506,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $720,091 |
| Savings and temporary cash investments | $254,619 |
| 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 | $416,248 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,390,958 |
| Accounts payable and accrued expenses | $26,764 |
| 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 | $26,764 |
| 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 | $1,364,194 |
| Total liabilities and net assets/fund balances | $1,390,958 |