International Brotherhood Of Electrical Workers
- Assets
- $67.0m
- Revenue
- $61.5m
- Investments
- $0.0
- Employees
- 226
- Location
- Vacaville, CA
- Founding
- 08/1940
- Data as of
- 12/2022
- EIN
- 94-0938402
Organization Overview
International Brotherhood Of Electrical Workers is located in Vacaville, 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 12/2022, International Brotherhood Of Electrical Workers employed 226 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 12/2022, International Brotherhood Of Electrical Workers generated $61.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $44.1m during the year ending 12/2022. While expenses have increased by 4.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ORGANIZE ALL WORKERS AND TO SECURE IMPROVED WAGES, WORKING CONDITIONS AND OTHER ECONOMIC ADVANTAGES THROUGH ORGANIZATION AND COLLECTIVE BARGAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ORGANIZE ALL WORKERS AND TO SECURE IMPROVED WAGES, WORKING CONDITIONS AND OTHER ECONOMIC ADVANTAGES THROUGH ORGANIZATION AND COLLECTIVE BARGAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peggy Daniel Trustee | Trustee | 1 | $1,200 |
Julie Gonzalez Trustee | Trustee | 1 | $1,250 |
Michael Patterson Trustee | Trustee | 1 | $1,350 |
Cecilia DE La Torre President | Officer | 1 | $2,210 |
Rachel Ramirez Hill Recording Secretary | Officer | 1 | $2,210 |
Tom Cornell Treasurer | Officer | 1 | $2,080 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Adams Broadwell Joseph Cardozo Law Firm | 12/30/20 | $413,168 |
Nevada Power Co Media & Comm.services | 12/30/20 | $200,000 |
Locke Lord Llp Law Firm | 12/30/20 | $155,357 |
Storefront Political Media Multi Media Services | 12/30/20 | $131,242 |
Brightline Communications Media Consulting | 12/30/20 | $130,360 |
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 | $127,445 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $127,445 |
| Total Program Service Revenue | $61,297,354 |
| Investment income | $304,349 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$265,065 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $61,464,083 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $329,160 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,818,385 |
| Pension plan accruals and contributions | $2,669,766 |
| Other employee benefits | $3,596,919 |
| Payroll taxes | $1,011,200 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $235,394 |
| Fees for services: Accounting | $94,800 |
| Fees for services: Lobbying | $51,170 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $42,280 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $283,689 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $395,900 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,208,039 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $386,705 |
| All other expenses | $1,457,381 |
| Total functional expenses | $44,136,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,712,506 |
| Savings and temporary cash investments | $5,018,351 |
| 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 | $520,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $610,056 |
| Investments—publicly traded securities | $48,152,605 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,574 |
| Total assets | $67,028,092 |
| Accounts payable and accrued expenses | $5,701,037 |
| 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 | $385,000 |
| Other liabilities | $0 |
| Total liabilities | $6,086,037 |
| Net assets without donor restrictions | $60,942,055 |
| 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 | $67,028,092 |