International Brotherhood Of Electrical Workers
- Assets
- $5.6m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 11
- Location
- Chattanooga, TN
- Founding
- 08/1944
- Data as of
- 06/2022
- EIN
- 62-0247236
Organization Overview
International Brotherhood Of Electrical Workers is located in Chattanooga, TN. The organization was established in 1944. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 06/2022, International Brotherhood Of Electrical Workers employed 11 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 06/2022, International Brotherhood Of Electrical Workers generated $4.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $3.8m during the year ending 06/2022. While expenses have increased by 2.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE EMPLOYMENT FOR WORKERS IN THE ELECTRICAL CONTRACTING INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED ASSISTANCE IN MAINTAINING A TRAINED AND ABLE WORKFORCE FOR AREAS ELECTRICAL CONTRACTING INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary M Watkins Business Mngr/ Finance Sec | Officer | 40 | $145,350 |
Caleb Long Recording Secretary | OfficerTrustee | 40 | $122,731 |
Danny Painter President | OfficerTrustee | 40 | $122,731 |
Sterling Shelton Treasurer | OfficerTrustee | 40 | $122,731 |
Kenny Smith Chairman | OfficerTrustee | 1 | $0 |
James R Day Vice President | OfficerTrustee | 1 | $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 | $3,872,385 |
| Investment income | $56,955 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $54,571 |
| 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 | $4,035,532 |
| 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. | $532,560 |
| Compensation of current officers, directors, key employees. | $100,281 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $636,787 |
| Pension plan accruals and contributions | $128,070 |
| Other employee benefits | $153,834 |
| Payroll taxes | $108,353 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,273 |
| Fees for services: Accounting | $28,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,451 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,518 |
| Office expenses | $137,602 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,488 |
| Travel | $55,934 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $1,515,995 |
| Depreciation, depletion, and amortization | $60,806 |
| Insurance | $29,415 |
| All other expenses | $68,444 |
| Total functional expenses | $3,822,363 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,300 |
| Savings and temporary cash investments | $1,328,372 |
| 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 | $4,291 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $247,495 |
| Investments—publicly traded securities | $4,044,708 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $936 |
| Total assets | $5,627,102 |
| Accounts payable and accrued expenses | $182,296 |
| 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 | $19,963 |
| Total liabilities | $202,259 |
| Net assets without donor restrictions | $5,424,843 |
| 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 | $5,627,102 |