International Brotherhood Of Electrical Workers
- Assets
- $52.3m
- Revenue
- $22.3m
- Investments
- $0.0
- Employees
- 28
- Location
- Portland, OR
- Founding
- 08/1940
- Data as of
- 12/2023
- EIN
- 93-0196209
Organization Overview
International Brotherhood Of Electrical Workers is located in Portland, OR. 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 12/2023, International Brotherhood Of Electrical Workers employed 28 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 $22.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $14.7m during the year ending 12/2023. While expenses have increased by 3.4% per year over the past 8 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.
Since 2016, International Brotherhood Of Electrical Workers has awarded 35 individual grants totaling $777,525. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE SAFE EMPLOYMENT FOR FAIR WAGES FOR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IBEW LOCAL NO. 48 (A LABOR ORGANIZATION UNDER SECTION 501(C)(5) WITH APPROXIMATELY 5,864 MEMBERS AT DECEMBER 31, 2023) WORKS TO ORGANIZE ALL WORKERS IN THE ENTIRE ELECTRICAL INDUSTRY, TO PROMOTE REASONABLE METHODS OF WORK, SETTLE ALL DISPUTES BY ARBITRATION IF POSSIBLE, TO ASSIST EACH OTHER IN SICKNESS OR DISTRESS, TO SECURE EMPLOYMENT FOR ADEQUATE PAY, AND TO ELEVATE THE MORAL, INTELLECTUAL AND SOCIAL CONDITIONS OF ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katriena Smith Board Member | Trustee | 0.8 | $13,086 |
Darrell Bell Board Member | Trustee | 0.8 | $29,315 |
Tory Bland Board Member | Trustee | 0.8 | $3,400 |
Ryan Brown Board Member | Trustee | 0.8 | $2,960 |
Ed Drapeau Board Member | Trustee | 0.8 | $11,486 |
Amanda Swan Board Member | Trustee | 0.8 | $24,733 |
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 | $20,622,264 |
| Investment income | $1,478,689 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,423 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,313,763 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $279,557 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $310,163 |
| Compensation of current officers, directors, key employees. | $353,627 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,646,022 |
| Pension plan accruals and contributions | $965,085 |
| Other employee benefits | $1,029,857 |
| Payroll taxes | $385,130 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $47,028 |
| Fees for services: Accounting | $117,627 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $142,319 |
| Fees for services: Other | $61,853 |
| Advertising and promotion | $129,122 |
| Office expenses | $388,153 |
| Information technology | $103,636 |
| Royalties | $0 |
| Occupancy | $174,824 |
| Travel | $371,580 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $151,801 |
| Interest | $0 |
| Payments to affiliates | $3,136,091 |
| Depreciation, depletion, and amortization | $183,291 |
| Insurance | $88,409 |
| All other expenses | $215,990 |
| Total functional expenses | $14,688,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,625 |
| Savings and temporary cash investments | $2,821,186 |
| 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 | $4,835,902 |
| Investments—publicly traded securities | $41,981,169 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,548,825 |
| Total assets | $52,316,707 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $52,316,707 |
| 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 | $52,316,707 |
Grants Awarded
Over the last fiscal year, International Brotherhood Of Electrical Workers has awarded $198,575 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ELECTRICAL WORKERS MINORITY CAUCUS LOCAL PURPOSE: SPONSORSHIP/GRANT | $65,000 |
LABOR COMMUNITY SERVICES AGENCY PURPOSE: CONTRIBUTION | $21,075 |
NECA IBEW ELECTRICAL TRAINING PURPOSE: CONTRIBUTION | $10,000 |
PORTLAND ROSE FESTIVAL FOUNDATION PURPOSE: CONTRIBUTION | $23,500 |
HILLSBORO HOPS BASEBALL PURPOSE: CONTRIBUTION | $79,000 |