International Brotherhood Of Electrical Workers
- Assets
- $28.3m
- Revenue
- $15.3m
- Investments
- $0.0
- Employees
- 31
- Location
- Phoenix, AZ
- Founding
- 08/1940
- Data as of
- 06/2024
- EIN
- 86-0055726
Organization Overview
International Brotherhood Of Electrical Workers is located in Phoenix, AZ. 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 31 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 $15.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 24.1% each year . All expenses for the organization totaled $9.1m during the year ending 06/2024. While expenses have increased by 21.9% per year over the past 4 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
LABOR ORGANIZING
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS A LABOR UNION ORGANIZED UNDER AN INTERNATIONAL CHARTER TO PROVIDE BENEFITS FOR MEMBERS AND TO REPRESENT THEM IN LABOR NEGOTIATIONS. THE UNION HAD APPROXIMATELY 3,800 MEMBERS AT JUNE 2024.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Stewart Treasurer | Officer | 40 | $96,172 |
Carmen Eaves Recording Secre | Officer | 40 | $96,172 |
Robert Lopez Executive Board | Officer | 40 | $96,172 |
Dean Wine Bus Mgr/fin Sec | Officer | 40 | $65,950 |
Delbert Hawk President | Officer | 40 | $56,991 |
Tim Wilson Exec Board | Officer | 40 | $52,464 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Oswego Creative Advertising | 6/29/22 | $0 |
Sportsaz360 Llc Advertising | 6/29/22 | $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 | $13,607,290 |
| Investment income | $337,617 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $401,994 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,291,761 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,790,146 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $54,000 |
| Compensation of current officers, directors, key employees. | $690,205 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,377,014 |
| Pension plan accruals and contributions | $224,364 |
| Other employee benefits | $250,431 |
| Payroll taxes | $147,737 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $79,870 |
| Fees for services: Accounting | $16,802 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $77,575 |
| Fees for services: Other | $0 |
| Advertising and promotion | $564,064 |
| Office expenses | $198,913 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,244 |
| Travel | $117,088 |
| 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 | $1,971,110 |
| Depreciation, depletion, and amortization | $70,612 |
| Insurance | $60,430 |
| All other expenses | $45,086 |
| Total functional expenses | $9,138,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,951,550 |
| Savings and temporary cash investments | $563,378 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $799,533 |
| 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 | $38,129 |
| Net Land, buildings, and equipment | $211,174 |
| Investments—publicly traded securities | $19,823,805 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,911,646 |
| Total assets | $28,299,215 |
| Accounts payable and accrued expenses | $247,536 |
| 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 | $1,288,201 |
| Total liabilities | $1,535,737 |
| Net assets without donor restrictions | $26,726,964 |
| Net assets with donor restrictions | $36,514 |
| 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 | $28,299,215 |
Grants Awarded
Over the last fiscal year, International Brotherhood Of Electrical Workers has awarded $26,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: Donation | $8,000 |
LABORS COMMUNITY SVC AGENCY PURPOSE: Donation | $11,000 |
UNION SPORTSMENS ALLIANCE PURPOSE: Donation | $7,500 |