International Brotherhood Of Electrical Workers
- Assets
- $1.2m
- Revenue
- $750.2k
- Investments
- $0.0
- Employees
- 22
- Location
- Byram, MS
- Founding
- 04/1945
- Data as of
- 12/2023
- EIN
- 64-0158485
Organization Overview
International Brotherhood Of Electrical Workers is located in Byram, MS. The organization was established in 1945. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2023, International Brotherhood Of Electrical Workers employed 22 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 12/2023, International Brotherhood Of Electrical Workers generated $750.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $742.3k during the year ending 12/2023. While expenses have increased by 2.8% per year over the past 6 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
AS A LOCAL UNION OF THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS, THE UNION PROVIDES SERVICES FOR THE BENEFIT OF ITS MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOCAL LABOR UNION HELP TO BRING INDUSTRY AND JOBS TO THIS AREA FOR THE BENEFIT OF ITS MEMBERS.
SICKNESS AND ACCIDENT FUND - PROVIDES SICKNESS AND ACCIDENT BENEFITS TO MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brooks E Martin Business Mgr | Officer | 40 | $98,513 |
J Mike Morgan Pres/assist | Officer | 40 | $93,146 |
R Brad Wallace Vice Preside | Officer | 40 | $94,717 |
Alton Allday Jr Treasurer | Officer | 1 | $1,200 |
Stephen A Magee Recording Se | Officer | 1 | $1,200 |
C Jim Stephens Exam Bd/trai | Officer | 1 | $253 |
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 | $710,636 |
| Investment income | $22,846 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,750 |
| Net Gain/Loss on Asset Sales | $9,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $750,232 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $3,000 |
| Compensation of current officers, directors, key employees. | $361,777 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,329 |
| Pension plan accruals and contributions | $11,651 |
| Other employee benefits | $11,084 |
| Payroll taxes | $25,482 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $150 |
| Fees for services: Accounting | $19,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $29,198 |
| Office expenses | $38,283 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $108,455 |
| Travel | $31,247 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $855 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,948 |
| Insurance | $12,479 |
| All other expenses | $497 |
| Total functional expenses | $742,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $260,208 |
| Savings and temporary cash investments | $485,365 |
| 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 | $157,676 |
| Investments—publicly traded securities | $278,090 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,821 |
| Total assets | $1,195,160 |
| 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 | $37,721 |
| Total liabilities | $37,721 |
| Net assets without donor restrictions | $1,157,439 |
| 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 | $1,195,160 |