International Brotherhood Of Electrical Workers
- Assets
- $2.7m
- Revenue
- $453.1k
- Investments
- $0.0
- Employees
- 16
- Location
- Tulsa, OK
- Founding
- 08/1940
- Data as of
- 12/2022
- EIN
- 73-0298078
Organization Overview
International Brotherhood Of Electrical Workers is located in Tulsa, OK. The organization was established in 1940. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2022, International Brotherhood Of Electrical Workers employed 16 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 12/2022, International Brotherhood Of Electrical Workers generated $453.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (23.0%) each year. All expenses for the organization totaled $979.1k during the year ending 12/2022. 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
UNION WAGE SUPPLEMENT PROVIDER
Describe the Organization's Program Activity:
Part 3 - Line 4a
TARGETED WAGE SUPPLEMENT- TO ALLOW MEMBER CONTRACTORS TO BE COMPETITIVE ON BIDS WHILE PAYING UNION SCALE WAGES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Burnside President | OfficerTrustee | 5 | $1,101 |
Zach Budnick Vice President | OfficerTrustee | 5 | $175 |
Johathan Ostrander Recording Secretary | OfficerTrustee | 5 | $750 |
Marshall Lord Treasurer | OfficerTrustee | 5 | $83,395 |
Blake Langworthy Executive Board | Trustee | 5 | $86,560 |
Jeremy Griffin Executive Board | Trustee | 5 | $53,042 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $389,597 |
| 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 | $389,597 |
| Total Program Service Revenue | $0 |
| Investment income | $9,871 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,400 |
| 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 | $453,149 |
| 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. | $335,759 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $112,954 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $149,164 |
| Payroll taxes | $36,619 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,810 |
| Fees for services: Accounting | $14,894 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $21,601 |
| Office expenses | $19,230 |
| Information technology | $3,427 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $46,811 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,915 |
| Insurance | $47,256 |
| All other expenses | $40,099 |
| Total functional expenses | $979,061 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $929,637 |
| Savings and temporary cash investments | $789,250 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,610 |
| 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 | $923,687 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,150 |
| Total assets | $2,668,334 |
| Accounts payable and accrued expenses | $28,003 |
| 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 | $28,003 |
| Net assets without donor restrictions | $2,607,319 |
| Net assets with donor restrictions | $33,012 |
| 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 | $2,668,334 |