International Brotherhood Of Electrical Workers
- Assets
- $2.9m
- Revenue
- $1.3m
- Investments
- $1.4m
- Employees
- 5
- Location
- Gulfport, MS
- Founding
- 04/1967
- Data as of
- 06/2024
- EIN
- 64-0214195
Organization Overview
International Brotherhood Of Electrical Workers is located in Gulfport, MS. The organization was established in 1967. 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 5 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. International Brotherhood Of Electrical Workers is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2024, International Brotherhood Of Electrical Workers generated $1.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $1.4m during the year ending 06/2024. While expenses have increased by 7.7% per year over the past 5 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
TO TRAIN PEOPLE IN THE ELECTRICAL FIELD TO BE ELECTRICIANS. THIS ORGANIZATION OPERATES AS A LABOR UNION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO TRAIN PEOPLE TO BECOME FINISHED ELECTRICAL WORKERS UNDER THE GUIDELINES OF THE ELECTRICAL UNION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Mcmurry Business Manager | 0 | $67,660 | |
Luke Newman Business Manage | Officer | 40 | $16,658 |
Neil Cumberland Executive Board | Trustee | 0 | $0 |
Shelia Murphy Executive Board | Trustee | 0 | $0 |
Gerald Lott Executive Board | Trustee | 0 | $0 |
Brain Shaw Executive Board | Trustee | 0 | $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 | $1,122,600 |
| Investment income | $67,918 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,500 |
| Net Gain/Loss on Asset Sales | -$2,720 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,307,117 |
| 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. | $84,319 |
| Compensation of current officers, directors, key employees. | $84,319 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $277,323 |
| Pension plan accruals and contributions | $39,785 |
| Other employee benefits | $90,934 |
| Payroll taxes | $27,813 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,675 |
| Fees for services: Other | $3,585 |
| Advertising and promotion | $5,028 |
| Office expenses | $70,808 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $21,953 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $85,368 |
| Insurance | $31,121 |
| All other expenses | $116,613 |
| Total functional expenses | $1,365,004 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $619,467 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $73,793 |
| 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 | $830,777 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,385,539 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $102 |
| Total assets | $2,909,678 |
| 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 | $2,694 |
| Total liabilities | $2,694 |
| Net assets without donor restrictions | $0 |
| 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 | $2,906,984 |
| Total liabilities and net assets/fund balances | $2,909,678 |