International Brotherhood Of Electrical Workers
- Assets
- $2.7m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 15
- Location
- Miami, FL
- Founding
- 07/1956
- Data as of
- 09/2023
- EIN
- 59-0232530
Organization Overview
International Brotherhood Of Electrical Workers is located in Miami, FL. The organization was established in 1956. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 09/2023, International Brotherhood Of Electrical Workers employed 15 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 09/2023, International Brotherhood Of Electrical Workers generated $2.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $2.6m during the year ending 09/2023. 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
MAINTAIN LABOR RELATIONS AND PROMOTE THE INTEREST OF ITS MEMBERS IN THEIR EMPLOYMENT AS ELECTRICAL WORKERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Riley Bus. Man./fi | OfficerTrustee | 40 | $175,214 |
Roce Simpson Assistant Ma | 40 | $137,107 | |
Michael Nagle Assistant Ma | 40 | $118,664 | |
Christopher Simpson Executive Bo | OfficerTrustee | 1 | $42,544 |
Name Not Listed President | OfficerTrustee | 10 | $7,899 |
William Callenius Vice Preside | OfficerTrustee | 1 | $3,833 |
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 | $2,216,071 |
| Investment income | $1,633 |
| 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 | $2,238,688 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,715 |
| Grants and other assistance to domestic individuals. | $500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $78,595 |
| Compensation of current officers, directors, key employees. | $260,218 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $551,620 |
| Pension plan accruals and contributions | $75,850 |
| Other employee benefits | $72,153 |
| Payroll taxes | $57,456 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $134,980 |
| Fees for services: Accounting | $171,640 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,988 |
| Advertising and promotion | $10,554 |
| Office expenses | $158,184 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $113,401 |
| Travel | $35,535 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,458 |
| Interest | $0 |
| Payments to affiliates | $610,635 |
| Depreciation, depletion, and amortization | $13,142 |
| Insurance | $98,991 |
| All other expenses | $0 |
| Total functional expenses | $2,621,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,285,096 |
| Savings and temporary cash investments | $392,127 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $380 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $675 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $27,084 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,667 |
| Total assets | $2,712,029 |
| Accounts payable and accrued expenses | $7,523 |
| 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 | $7,523 |
| Net assets without donor restrictions | $2,704,506 |
| 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 | $2,712,029 |
Grants Awarded
Over the last fiscal year, International Brotherhood Of Electrical Workers has awarded $13,200 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FL AFL-CIO PURPOSE: FLOOD RELIEF DON. | $5,200 |
IBEW 349 RETIREES' CLUB PURPOSE: DONATION | $8,000 |