International Brotherhood Of Electrical Workers
- Assets
- $10.2m
- Revenue
- $8.9m
- Investments
- $0.0
- Employees
- 26
- Location
- Marysville, WA
- Founding
- 08/1940
- Data as of
- 06/2024
- EIN
- 91-0267942
Organization Overview
International Brotherhood Of Electrical Workers is located in Marysville, WA. 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 26 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 5.4% each year. All expenses for the organization totaled $8.3m during the year ending 06/2024. While expenses have increased by 8.7% 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
TO ORGANIZE WORKERS IN THE ELECTRICAL INDUSTRY, SETTLE DISPUTES BETWEEN EMPLOYERS AND EMPLOYEES BY ARBITRATION, REDUCE HOURS, SECURE ADEQUATE PAY FOR WORK, SEEK A HIGHER STANDARD OF LIVING FOR MEMBERS, SEEK SECURITY FOR MEMBERS, BY LEGAL AND PROPER MEANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LOCAL UNION'S EXEMPT PURPOSE WAS ACHIEVED BY NEGOTIATING CONTRACTS, HEARING AND SETTLING GRIEVANCES, ARBITRATIONS, EDUCATION OF WORKERS, PLACEMENT SERVICES, PUBLIC EDUCATION AND JOB TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Curry Fin Sec/bus Mgr | Officer | 48 | $169,678 |
Michael Schreck Business Rep | 48 | $149,027 | |
Barney Smith Organizer | 48 | $149,027 | |
Lisa Stuurmans Bs Rep/dsptch/a Bm | 48 | $149,027 | |
Andrew Vander Stoep Political Liaison | 48 | $149,027 | |
Sean Osborne Organizer | 48 | $129,086 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $45,833 |
| 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 | $45,833 |
| Total Program Service Revenue | $8,798,045 |
| Investment income | $28,561 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $8,872,439 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $23,281 |
| Grants and other assistance to domestic individuals. | $10,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $83,783 |
| Compensation of current officers, directors, key employees. | $526,612 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,484,707 |
| Pension plan accruals and contributions | $368,843 |
| Other employee benefits | $289,270 |
| Payroll taxes | $218,849 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $136,348 |
| Fees for services: Accounting | $55,847 |
| Fees for services: Lobbying | $42,553 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,570 |
| Fees for services: Other | $46,979 |
| Advertising and promotion | $10,849 |
| Office expenses | $123,113 |
| Information technology | $54,753 |
| Royalties | $0 |
| Occupancy | $148,299 |
| Travel | $62,480 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $156,896 |
| Interest | $0 |
| Payments to affiliates | $1,338,459 |
| Depreciation, depletion, and amortization | $192,110 |
| Insurance | $36,639 |
| All other expenses | $78,086 |
| Total functional expenses | $8,335,145 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,801,877 |
| Savings and temporary cash investments | $0 |
| 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 | $7,507,742 |
| Investments—publicly traded securities | $852,387 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,000 |
| Total assets | $10,166,006 |
| 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 | $42,375 |
| Total liabilities | $42,375 |
| Net assets without donor restrictions | $10,123,631 |
| 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 | $10,166,006 |
Grants Awarded
Over the last fiscal year, International Brotherhood Of Electrical Workers has awarded $18,166 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
IBEW PURPOSE: Political contribution | $10,000 |
IBEW PAC COPE PURPOSE: Political contribution | $8,166 |