International Brotherhood Of Electrical Workers
- Assets
- $27.4m
- Revenue
- $22.7m
- Investments
- $0.0
- Employees
- 210
- Location
- Dorchester, MA
- Founding
- 08/1940
- Data as of
- 12/2023
- EIN
- 04-1472080
Organization Overview
International Brotherhood Of Electrical Workers is located in Dorchester, MA. 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 210 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 $22.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $15.3m during the year ending 12/2023. While expenses have increased by 0.9% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ORGANIZE ALL WORKERS AND SECURE IMPROVED WAGES, HOURS, WORKING CONDITIONS AND OTHER ECONOMIC ADVANTAGES THROUGH NEGOTIATIONS AND COLLECTIVE BARGAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ORGANIZE ALL WORKERS AND SECURE IMPROVED WAGES, HOURS, WORKING CONDITIONS AND OTHER ECONOMIC ADVANTAGES THROUGH ORGANIZATION, NEGOTIATIONS AND COLLECTIVELY BARGAINING FOR UNION MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis Antonellis Business Manager | OfficerTrustee | 65 | $246,534 |
Robert Sheehan President | OfficerTrustee | 50 | $195,027 |
Kevin Monahan Treasurer | OfficerTrustee | 50 | $196,065 |
Michael Donahue Executive Board | Trustee | 3 | $13,595 |
Philip Decola Executive Board | Trustee | 3 | $13,812 |
Christopher Sheehan Executive Board | Trustee | 3 | $3,317 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Golden Manet Press Printing | 12/30/23 | $309,293 |
Seasons Union Catering Catering | 12/30/23 | $245,232 |
Icorps Technology It Services | 12/30/23 | $125,571 |
Manzi & Associates Llc Accounting | 12/30/23 | $114,928 |
Quadient Finance Company Postage Company | 12/30/23 | $104,373 |
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 | $20,984,523 |
| Investment income | $415,566 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $235,244 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,738,916 |
| 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 | $234,000 |
| Compensation of current officers, directors, key employees. | $2,724,542 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $977,678 |
| Pension plan accruals and contributions | $1,272,011 |
| Other employee benefits | $991,172 |
| Payroll taxes | $387,906 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $206,643 |
| Fees for services: Accounting | $114,928 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,752 |
| Fees for services: Other | $330,869 |
| Advertising and promotion | $383,418 |
| Office expenses | $552,085 |
| Information technology | $196,791 |
| Royalties | $0 |
| Occupancy | $433,280 |
| Travel | $337,507 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $538,617 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $71,788 |
| Insurance | $162,297 |
| All other expenses | $151,158 |
| Total functional expenses | $15,272,988 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,054,838 |
| Savings and temporary cash investments | $418,646 |
| 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 | $368,744 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $320,442 |
| Investments—publicly traded securities | $14,232,024 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $27,394,696 |
| 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 | $69,264 |
| Total liabilities | $69,264 |
| Net assets without donor restrictions | $0 |
| 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 | $27,394,696 |