International Brotherhood Of Electrical Workers is located in South Burlington, VT. 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 06/2022, International Brotherhood Of Electrical Workers employed 11 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 06/2022, International Brotherhood Of Electrical Workers generated $945.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $977.3k during the year ending 06/2022. While expenses have increased by 2.1% per year over the past 7 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 WORKERS AND TO SECURE IMPROVED WAGES, HOURS, WORKING CONDITIONS, AND OTHER ECONOMIC ADVANTAGES THROUGH NEGOTIATING, COLLECTIVE BARGAINING, AND OTHER LABOR UNION ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LABOR UNION ACTIVITIES
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Timothy Watkins Frmr Business Manager/financial | 40 | $115,691 | |
Timothy Labombard President | Officer | 40 | $94,075 |
Jeffrey Wimette Business Manager/financial Sec | Officer | 40 | $19,202 |
Danielle Bombardier Unit 1 Recorder | Officer | 2 | $12,005 |
Marcel Cote Treasurer | Officer | 2 | $3,417 |
Maureen Bothfeld Recording Secretary | Officer | 2 | $3,417 |
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 | $940,373 |
Investment income | $4,394 |
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 | $945,593 |
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. | $270,725 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $137,898 |
Pension plan accruals and contributions | $68,800 |
Other employee benefits | $48,413 |
Payroll taxes | $35,999 |
Fees for services: Management | $0 |
Fees for services: Legal | $19,571 |
Fees for services: Accounting | $9,297 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $2,832 |
Office expenses | $23,088 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $19,275 |
Travel | $7,666 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $25,311 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $9,251 |
Insurance | $6,862 |
All other expenses | $0 |
Total functional expenses | $977,274 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $201,443 |
Savings and temporary cash investments | $218,876 |
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 | $30,957 |
Investments—publicly traded securities | $0 |
Investments—other securities | $227,000 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $678,276 |
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 | $611,254 |
Net assets with donor restrictions | $67,022 |
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 | $678,276 |
Organization Name | Assets | Revenue |
---|---|---|
Steamfitters Industry Welfare Fund Board Of Trustees Long Island City, NY | $135,023,453 | $84,135,128 |
National Basketball Players Association New York, NY | $362,993,745 | $34,104,485 |
Teamsters Local 237 Administrative Fund New York, NY | $20,889,322 | $64,678,061 |
Massachusetts Teachers Association Quincy, MA | $104,765,133 | $64,981,415 |
Steamfitters Industry Security Benefit Fund Long Island City, NY | $326,665,741 | $52,241,912 |
Joint Industry Board Of The Electrical Industry Flushing, NY | $28,826,269 | $51,807,728 |
American Federation Of State County & Municipal Employees New York, NY | $77,027,109 | $53,363,394 |
New York State Nurses Association New York, NY | $106,360,017 | $53,864,397 |
United Brotherhood Of Carpenters & Joiners Of America Boston, MA | $146,178,722 | $53,186,412 |
Cement & Concrete Workers District Council Welfare Fund Flushing, NY | $115,712,146 | $34,540,506 |
Service Employees International Union Albany, NY | $31,308,144 | $40,993,536 |
Major League Baseball Players Assn New York, NY | $280,679,317 | $145,511,307 |