International Brotherhood Of Electrical Workers
- Assets
- $4.2m
- Revenue
- $2.9m
- Investments
- $1.4m
- Employees
- 8
- Location
- Fort Lauderdale, FL
- Founding
- 08/1940
- Data as of
- 06/2024
- EIN
- 59-0304061
Organization Overview
International Brotherhood Of Electrical Workers is located in Fort Lauderdale, FL. 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 06/2024, International Brotherhood Of Electrical Workers employed 8 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 06/2024, International Brotherhood Of Electrical Workers generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $2.1m during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO. 728 IS TO PROMOTE THE EDUCATIONAL, CHARITABLE, FRATERNAL, CIVIC, AND BENEVOLENT WELFARE OF ITS MEMBERS AND OF THE COMMUNITY. ITS PRIMARY SOURCE OF REVENUE IS FROM DUES AND ASSESSMENTS FROM MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ORGANIZE THE ELECTRICAL INDUSTRY IN THE U.S. AND CANADA INTO LOCAL UNIONS, TO PROMOTE REASONABLE METHODS OF WORK, SETTLE EMPLOYEE AND MANAGEMENT DISPUTES. THE MOST SIGNIFICANT IS ORGANIZING FOR THE BETTERMENT OF THE MEMBERSHIP, INCLUDING SEEKING A HIGHER STANDARD OF LIVING, SEEKING SECURITY FOR THE INDIVIDUAL, AND BY LEGAL AND PROPER MEANS TO ELEVATE THE MORAL, INTELLECTUAL, AND SOCIAL CONDITIONS OF THE MEMBERS, THEIR FAMILIES, AND DEPENDENTS IN THE INTEREST OF A HIGHER STANDARD OF CITIZENSHIP. AN ANNUAL BROTHERHOOD EVENT AT CHRISTMAS IS PUT ON TO HELP CULTIVATE FEELINGS OF FRIENDSHIP AMONG THOSE IN THE INDUSTRY. THERE IS SOMEONE TO HELP MEMBERS WITH THEIR PENSION, ANNUITY, AND RETIREMENT RELATED ISSUES TO BETTER TRACK AND MAINTAIN THEIR RETIREMENT BENEFITS, THUS ATTAINING A HIGHER SENSE OF SECURITY. MONTHLY MEMBERSHIP MEETING ARE HELD TO KEEP MEMBERS INFORMED ABOUT CURRENT EVENTS AS THEY RELATE TO THE INDUSTRY AND EMPLOYMENT. OTHER PROGRAMS: AIDING THE SICK OR DISTRESSED MEMBERS.
TO ORGANIZE THE ELECTRICAL INDUSTRY IN THE U.S. AND CANADA INTO LOCAL UNIONS, TO PROMOTE REASONABLE METHODS OF WORK, SETTLE EMPLOYEE AND MANAGEMENT DISPUTES. THE MOST SIGNIFICANT IS ORGANIZING FOR THE BETTERMENT OF THE MEMBERSHIP, INCLUDING SEEKING A HIGHER STANDARD OF LIVING, SEEKING SECURITY FOR THE INDIVIDUAL, AND BY LEGAL AND PROPER MEANS TO ELEVATE THE MORAL, INTELLECTUAL, AND SOCIAL CONDITIONS OF THE MEMBERS, THEIR FAMILIES, AND DEPENDENTS IN THE INTEREST OF A HIGHER STANDARD OF CITIZENSHIP. AN ANNUAL BROTHERHOOD EVENT AT CHRISTMAS IS PUT ON TO HELP CULTIVATE FEELINGS OF FRIENDSHIP AMONG THOSE IN THE INDUSTRY. THERE IS SOMEONE TO HELP MEMBERS WITH THEIR PENSION, ANNUITY, AND RETIREMENT RELATED ISSUES TO BETTER TRACK AND MAINTAIN THEIR RETIREMENT BENEFITS, THUS ATTAINING A HIGHER SENSE OF SECURITY. MONTHLY MEMBERSHIP MEETING ARE HELD TO KEEP MEMBERS INFORMED ABOUT CURRENT EVENTS AS THEY RELATE TO THE INDUSTRY AND EMPLOYMENT. OTHER PROGRAMS: AIDING THE SICK OR DISTRESSED MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zachary Cassidy Bus Mgr/fin | Officer | 40 | $129,345 |
Justin Mcintosh President | Officer | 40 | $123,600 |
George A Campbell Recording Se | Officer | 40 | $108,662 |
Steven Sperduto Treasurer | OfficerTrustee | 4 | $3,600 |
Roger Moore Vice Preside | OfficerTrustee | 4 | $1,200 |
Thomas A Chadwick Executive Bo | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $799,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $46,513 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $845,513 |
| Total Program Service Revenue | $1,875,233 |
| Investment income | $42,980 |
| 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 | $2,884,084 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $799,082 |
| Pension plan accruals and contributions | $138,677 |
| Other employee benefits | $154,473 |
| Payroll taxes | $61,522 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $225 |
| Fees for services: Accounting | $33,988 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,690 |
| Office expenses | $22,793 |
| Information technology | $68,234 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,896 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,296 |
| Interest | $0 |
| Payments to affiliates | $519,458 |
| Depreciation, depletion, and amortization | $7,062 |
| Insurance | $9,116 |
| All other expenses | $94,408 |
| Total functional expenses | $2,067,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,000 |
| Savings and temporary cash investments | $1,506,152 |
| 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 | $14,113 |
| Investments—publicly traded securities | $15,707 |
| Investments—other securities | $1,359,798 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,304,504 |
| Total assets | $4,201,274 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $4,136,744 |
| Net assets with donor restrictions | $64,530 |
| 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 | $4,201,274 |