International Brotherhood Of Electrical Workers
- Assets
- $11.7m
- Revenue
- $8.9m
- Investments
- $0.0
- Employees
- 241
- Location
- Denver, CO
- Founding
- 08/1940
- Data as of
- 06/2024
- EIN
- 84-0284476
Organization Overview
International Brotherhood Of Electrical Workers is located in Denver, CO. 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 06/2024, International Brotherhood Of Electrical Workers employed 241 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 $8.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $8.2m during the year ending 06/2024. While expenses have increased by 6.0% per year over the past 9 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 FAIR LABOR STANDARDS IN THE JURISDICTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF FAIR LABOR STANDARDS IN THE JURISDICTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevan Smith Executive Board | Trustee | 10 | $14,167 |
Eric Chipp Executive Board | Trustee | 10 | $7,952 |
David Plucinski Executive Board | Trustee | 10 | $10,053 |
Joseph Quintana Executive Board | Trustee | 10 | $12,005 |
Matthew Farfel Executive Board | Trustee | 10 | $6,272 |
Elizabeth Monday Executive Board | Trustee | 10 | $6,039 |
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 | $8,522,496 |
| Investment income | $273,075 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $28,138 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$11,646 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,930,808 |
| 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 | $42,316 |
| Compensation of current officers, directors, key employees. | $354,424 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,526,102 |
| Pension plan accruals and contributions | $873,863 |
| Other employee benefits | $291,467 |
| Payroll taxes | $221,404 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $165,538 |
| Fees for services: Accounting | $37,250 |
| Fees for services: Lobbying | $32,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $45,818 |
| Office expenses | $207,722 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $162,056 |
| Travel | $445,919 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $283,707 |
| Interest | $261 |
| Payments to affiliates | $1,854,826 |
| Depreciation, depletion, and amortization | $187,924 |
| Insurance | $61,447 |
| All other expenses | $85,821 |
| Total functional expenses | $8,206,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,362,893 |
| 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 | $21,506 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,930,600 |
| Investments—publicly traded securities | $3,389,507 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,704,506 |
| Accounts payable and accrued expenses | $12,203 |
| 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 | $12,203 |
| Net assets without donor restrictions | $8,992,618 |
| Net assets with donor restrictions | $2,699,685 |
| 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 | $11,704,506 |