International Brotherhood Of Electrical Workers
- Assets
- $4.4m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 8
- Location
- Tacoma, WA
- Founding
- 03/1953
- Data as of
- 12/2023
- EIN
- 91-0268091
Organization Overview
International Brotherhood Of Electrical Workers is located in Tacoma, WA. The organization was established in 1953. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2023, International Brotherhood Of Electrical Workers employed 8 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 12/2023, International Brotherhood Of Electrical Workers generated $3.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $2.4m during the year ending 12/2023. While expenses have increased by 3.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE MATERIAL AND INTELLECTUAL WELFARE OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTED THE WELFARE AND WORKING CONDITIONS FOR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim O'donnell Bus. Manager/financial Sec | Officer | 40 | $162,091 |
Kenneth Jennings President | OfficerTrustee | 40 | $144,278 |
Jack Knottingham Executive Board | OfficerTrustee | 40 | $139,604 |
Clint Bryson Business Representative | 40 | $138,936 | |
Bryant Mullin Dispatcher/political | 40 | $138,936 | |
Andy Moore Treasurer | OfficerTrustee | 1 | $6,617 |
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 | $2,894,146 |
| Investment income | $92,431 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $45,804 |
| Net Gain/Loss on Asset Sales | -$11,555 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,059,003 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $131,999 |
| 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. | $615,572 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $424,036 |
| Pension plan accruals and contributions | $77,967 |
| Other employee benefits | $61,521 |
| Payroll taxes | $71,112 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $59,341 |
| Fees for services: Accounting | $43,998 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,023 |
| Fees for services: Other | $7,163 |
| Advertising and promotion | $0 |
| Office expenses | $101,601 |
| Information technology | $18,608 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $58,638 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,311 |
| Interest | $0 |
| Payments to affiliates | $615,140 |
| Depreciation, depletion, and amortization | $35,804 |
| Insurance | $29,629 |
| All other expenses | $0 |
| Total functional expenses | $2,423,998 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,066,444 |
| Savings and temporary cash investments | $335,989 |
| 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 | $321,322 |
| Investments—publicly traded securities | $1,633,013 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,356,768 |
| Accounts payable and accrued expenses | $11,555 |
| 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 | $11,555 |
| Net assets without donor restrictions | $4,345,213 |
| 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 | $4,356,768 |
Grants Awarded
Over the last fiscal year, International Brotherhood Of Electrical Workers has awarded $86,381 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
IBEW PAC EDUCATIONAL FUND PURPOSE: EDUCATIONAL | $14,725 |
LOCAL UNION #46 IBEW (CEWW) PURPOSE: LEGISLATIVE | $30,656 |
NORTH THURSTON HIGH SCHOOL PURPOSE: SPONSORSHIP | $16,000 |
HAWAII STATE ASSOC OF ELECTRICAL WORKERS PURPOSE: GENERAL | $25,000 |