International Brotherhood Of Electrical Workers
- Assets
- $4.6m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 10
- Location
- Rochester, NY
- Founding
- 08/1940
- Data as of
- 12/2022
- EIN
- 16-0492705
Organization Overview
International Brotherhood Of Electrical Workers is located in Rochester, NY. 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 10 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 $2.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $2.9m during the year ending 12/2022. While expenses have increased by 4.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE AND ORGANIZE UNION MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS' LOCAL UNION NO. 86 WAS FORMED TO ALLOCATE LABOR & SECURE IMPROVED WAGES, HOURS, CONDITIONS AND ECONOMIC ADVANTAGES THROUGH ORGANIZATION NEGOTIATIONS AND COLLECTIVE BARGAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael V Wehner Executive Board Chair Until 8/2022 | OfficerTrustee | 7 | $2,748 |
Kevin M Ruscher Door Foreman Through 8/23/2022 | Trustee | 7 | $0 |
Brian A Mcgrain Examining Board | Trustee | 7 | $1,133 |
John R Sullivan Examining Board Through 8/2022 | Trustee | 7 | $0 |
Brock T Barry Door Foreman As Of 8/2022 | Trustee | 7 | $0 |
Christopher J Gilbert Examining Board As Of 9/1/2022 | Trustee | 7 | $124 |
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 | $2,817,735 |
| Investment income | $55,798 |
| 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 | $2,885,337 |
| 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. | $552,258 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $155,274 |
| Pension plan accruals and contributions | $30,390 |
| Other employee benefits | $22,093 |
| Payroll taxes | $36,852 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,845 |
| Fees for services: Lobbying | $30,327 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,305 |
| Office expenses | $38,999 |
| Information technology | $21,719 |
| Royalties | $0 |
| Occupancy | $78,287 |
| Travel | $10,375 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,174 |
| Interest | $0 |
| Payments to affiliates | $250,000 |
| Depreciation, depletion, and amortization | $23,622 |
| Insurance | $18,053 |
| All other expenses | $150,720 |
| Total functional expenses | $2,906,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,536,405 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $295,526 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,495 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $52,339 |
| Investments—publicly traded securities | $2,007,755 |
| Investments—other securities | $0 |
| Investments—program-related | $747,498 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,648,018 |
| Accounts payable and accrued expenses | $210,617 |
| 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 | $8,000 |
| Total liabilities | $218,617 |
| Net assets without donor restrictions | $4,423,809 |
| Net assets with donor restrictions | $5,592 |
| 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 | $4,648,018 |