International Brotherhood Of Electrical Workers
- Assets
- $1.3m
- Revenue
- $613.8k
- Investments
- $0.0
- Employees
- 21
- Location
- Byram, MS
- Founding
- 04/1945
- Data as of
- 12/2021
- 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 12/2021, International Brotherhood Of Electrical Workers employed 21 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 12/2021, International Brotherhood Of Electrical Workers generated $613.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $652.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 7 years. 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
2021
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.
MORTUARY FUND - PROVIDES DEATH BENEFITS TO FAMILIES OF DECEASED MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brooks E Martin Business Man | Officer | 40 | $89,966 |
James M Morgan Asst Bus Mgr | Officer | 40 | $86,934 |
Roland B Wallace Organizer/vi | OfficerTrustee | 40 | $85,854 |
Stephen A Magee Recording Se | OfficerTrustee | 1 | $1,200 |
Alton Allday Jr Treasurer | Trustee | 1 | $1,200 |
Tony Boyles Exec Bd Chai | Trustee | 1 | $869 |
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 | $603,728 |
| Investment income | $185 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,500 |
| 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 | $613,764 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $16,000 |
| Compensation of current officers, directors, key employees. | $335,519 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,348 |
| Pension plan accruals and contributions | $12,244 |
| Other employee benefits | $10,880 |
| Payroll taxes | $27,965 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $21,101 |
| Office expenses | $6,454 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $73,310 |
| Travel | $14,637 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $280 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,623 |
| Insurance | $11,204 |
| All other expenses | $8,451 |
| Total functional expenses | $652,382 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $352,033 |
| Savings and temporary cash investments | $478,291 |
| 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 | $160,979 |
| Investments—publicly traded securities | $264,132 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,362 |
| Total assets | $1,285,797 |
| 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 | $10,727 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $49,255 |
| Total liabilities | $59,982 |
| Net assets without donor restrictions | $1,225,815 |
| 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 | $1,285,797 |