International Brotherhood Of Electrical Workers
- Assets
- $10.3m
- Revenue
- $7.3m
- Investments
- $2.9m
- Employees
- 28
- Location
- Sacramento, CA
- Founding
- 08/1940
- Data as of
- 06/2024
- EIN
- 94-0577264
Organization Overview
International Brotherhood Of Electrical Workers is located in Sacramento, CA. 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 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 06/2024, International Brotherhood Of Electrical Workers generated $7.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $6.3m during the year ending 06/2024. While expenses have increased by 7.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 340 IS THE COLLECTIVE BARGAINING AGENT FOR PERSONS EMPLOYED BY UNION SHOPS IN THE RELATED INDUSTRY. AS A MEMBER SUPPORTED ORGANIZATION, THE MAJORITY OF INCOME IS GENERATED BY DUES AND INITIATION FEES. THE LOCAL UNIONS OPERATES A HIRING HALL, ORGANIZES WORKERS, AND NEGOTIATES COMPENSATION FOR MEMBERS OF THE LOCAL UNION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 340 IS THE COLLECTIVE BARGAINING AGENT FOR PERSONS EMPLOYED BY UNION SHOPS IN THE RELATED INDUSTRY. AS A MEMBER SUPPORTED ORGANIZATION, THE MAJORITY OF INCOME IS GENERATED BY DUES AND INITIATION FEES. THE LOCAL UNION OPERATES A HIRING HALL, ORGANIZES WORKERS, AND NEGOTIATES COMPENSATION FOR MEMBERS OF THE LOCAL UNION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Ward Business Manager | 40 | $132,522 | |
Michael Franklin Business Representative | 40 | $116,634 | |
Matt Nootenboom Business Representative | 40 | $116,634 | |
John Roden Business Representative | 40 | $116,634 | |
Robert Sargoza Business Representative | 40 | $116,634 | |
John Reardon Business Representative | 40 | $106,021 |
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 | $7,093,027 |
| Investment income | $128,200 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $23,098 |
| Net Gain/Loss on Asset Sales | $25,894 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$4,130 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,266,089 |
| 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 | $58,466 |
| Compensation of current officers, directors, key employees. | $1,072,876 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $400,992 |
| Pension plan accruals and contributions | $146,570 |
| Other employee benefits | $128,820 |
| Payroll taxes | $96,556 |
| Fees for services: Management | $53,591 |
| Fees for services: Legal | $54,960 |
| Fees for services: Accounting | $29,035 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $43,235 |
| Office expenses | $224,752 |
| Information technology | $10,518 |
| Royalties | $0 |
| Occupancy | $145,099 |
| Travel | $43,172 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $150,571 |
| Interest | $51,740 |
| Payments to affiliates | $3,072,430 |
| Depreciation, depletion, and amortization | $187,995 |
| Insurance | $53,236 |
| All other expenses | $0 |
| Total functional expenses | $6,330,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,211 |
| Savings and temporary cash investments | $3,315,784 |
| 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 | $18,333 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,081,504 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,858,304 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $977 |
| Total assets | $10,276,113 |
| 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 | $7,677 |
| Total liabilities | $7,677 |
| Net assets without donor restrictions | $10,268,436 |
| 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 | $10,276,113 |