International Brotherhood Of Electrical Workers
- Assets
- $7.3m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 10
- Location
- Chattanooga, TN
- Founding
- 08/1944
- Data as of
- 06/2024
- 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 06/2024, International Brotherhood Of Electrical Workers employed 10 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 $4.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $4.0m during the year ending 06/2024. While expenses have increased by 2.8% 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
2024
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 |
|---|---|---|---|
Caleb Long Recording Secretary | OfficerTrustee | 40 | $139,849 |
Kevin Green Trustee | OfficerTrustee | 40 | $0 |
Sterling Shelton Business Mngr/ Finance Sec | OfficerTrustee | 40 | $165,714 |
Freddie Combs Trustee | OfficerTrustee | 1 | $0 |
Kerry Knowles Secretary | Trustee | 1 | $0 |
Jason Layne Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,027,892 |
| 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 | $2,027,892 |
| Total Program Service Revenue | $2,356,810 |
| Investment income | $64,320 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $49,314 |
| 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 | $4,592,977 |
| 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. | $305,562 |
| Compensation of current officers, directors, key employees. | $57,157 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $832,144 |
| Pension plan accruals and contributions | $155,382 |
| Other employee benefits | $152,342 |
| Payroll taxes | $85,504 |
| Fees for services: Management | $12,785 |
| Fees for services: Legal | $24,850 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $25,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,268 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,050 |
| Office expenses | $90,107 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,080 |
| Travel | $91,889 |
| 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 | $1,743,435 |
| Depreciation, depletion, and amortization | $95,370 |
| Insurance | $32,056 |
| All other expenses | $61,072 |
| Total functional expenses | $4,011,339 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,300 |
| Savings and temporary cash investments | $1,518,624 |
| 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 | $524,927 |
| Investments—publicly traded securities | $5,222,130 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $936 |
| Total assets | $7,272,208 |
| Accounts payable and accrued expenses | $186,649 |
| 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 | $186,649 |
| Net assets without donor restrictions | $7,085,559 |
| 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 | $7,272,208 |