International Brotherhood Of Electl Wkrs 43 & Electrical Contract Wlfr
- Assets
- $54.1m
- Revenue
- $23.3m
- Investments
- $5.4m
- Employees
- 4
- Location
- Syracuse, NY
- Founding
- 11/1959
- Data as of
- 06/2022
- EIN
- 15-6025163
Organization Overview
International Brotherhood Of Electl Wkrs 43 & Electrical Contract Wlfr is located in Syracuse, NY. The organization was established in 1959. According to its NTEE Classification (Q99) the organization is classified as: International, Foreign Affairs & National Security N.E.C., under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2022, International Brotherhood Of Electl Wkrs 43 & Electrical Contract Wlfr employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Brotherhood Of Electl Wkrs 43 & Electrical Contract Wlfr is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 06/2022, International Brotherhood Of Electl Wkrs 43 & Electrical Contract Wlfr generated $23.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $17.7m during the year ending 06/2022. While expenses have increased by 2.9% 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
UNION HEALTH AND WELFARE BENEFITS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH AND WELFARE BENEFIT COVERAGE TO ELIGIBLE MEMBERS OF THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL #43.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheila Fitzmaurice Fund Manager | Officer | 40 | $103,983 |
Patrick Harrington Trustee | Trustee | 1 | $0 |
Nicholas Oppedisano Trustee | Trustee | 1 | $0 |
Lawrence Becker Trustee | Trustee | 1 | $0 |
Marilyn Oppedisano Trustee | Trustee | 1 | $0 |
Alan Marzullo Trustee | Trustee | 1 | $0 |
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 | $22,345,298 |
| Investment income | $650,094 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $35,805 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,322,409 |
| 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 | $16,783,877 |
| Compensation of current officers, directors, key employees. | $178,863 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $104,484 |
| Pension plan accruals and contributions | $80,001 |
| Other employee benefits | $50,721 |
| Payroll taxes | $17,167 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $66,062 |
| Fees for services: Accounting | $28,685 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $120,249 |
| Fees for services: Other | $129,849 |
| Advertising and promotion | $0 |
| Office expenses | $8,234 |
| Information technology | $24,745 |
| Royalties | $0 |
| Occupancy | $37,915 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,912 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,910 |
| Insurance | $21,858 |
| All other expenses | $0 |
| Total functional expenses | $17,679,997 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $454,880 |
| Savings and temporary cash investments | $1,784,169 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,309,910 |
| 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 | $22,364 |
| Net Land, buildings, and equipment | $76,082 |
| Investments—publicly traded securities | $43,053,871 |
| Investments—other securities | $5,406,184 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $54,107,460 |
| Accounts payable and accrued expenses | $159,625 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $39,457 |
| 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 | $576,419 |
| Total liabilities | $775,501 |
| 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 | $53,331,959 |
| Total liabilities and net assets/fund balances | $54,107,460 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ibm International Foundation Armonk, NY | $379,735,895 | $37,675,246 |
International Brotherhood Of Electl Wkrs 43 & Electrical Contract Wlfr Syracuse, NY | $54,107,460 | $23,322,409 |
American Friends Of Hebron Yeshiva Jerusalem Inc New York, NY | $25,067,213 | $12,744,013 |
American Friends Of Nishmat New York, NY | $924,715 | $3,909,273 |
American Friends Of Kollel Shaarei Simcha Inc Lakewood, NJ | $629,948 | $2,453,453 |
Worldscale Assoc Nyc Inc New York, NY | $4,101,775 | $1,283,281 |
Aleph Society Inc New York, NY | $1,195,690 | $2,418,228 |
Latin American And Caribbean Network For Democracy Inc Wayland, MA | $106,495 | $1,142,210 |
American Friends Of Sucath David Inc Brooklyn, NY | $50,628 | $601,691 |
American Friends Of Bnei Akiva Yeshivas In Israel Inc New York, NY | $232,193 | $1,234,954 |
International Grooving & Grinding Assoc Inc West Coxsackie, NY | $2,039,990 | $893,129 |
Wells Mountain Initiative Inc Bristol, VT | $3,066,989 | $541,087 |