International Brotherhood Of Electrical Workers
- Assets
- $49.5m
- Revenue
- $10.5m
- Investments
- $0.0
- Employees
- 16
- Location
- Paramus, NJ
- Founding
- 08/1940
- Data as of
- 12/2023
- EIN
- 22-1010190
Organization Overview
International Brotherhood Of Electrical Workers is located in Paramus, NJ. 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 16 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 $10.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $6.3m during the year ending 12/2023. While expenses have increased by 2.5% per year over the past 6 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
PROMOTE INTELLECTUAL/MATERIAL WELL BEING OF MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNION PROMOTES THE WELL BEING OF OVER 2,700 MEMBERS BY PROVIDING A VARIETY OF PROGRAMS AND SERVICES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas J Sullivan Jr Business Agent & President | OfficerTrustee | 40 | $225,393 |
Warren Becker Vice President | OfficerTrustee | 1 | $600 |
Valentine Mchale Treasurer | OfficerTrustee | 1 | $1,800 |
Donald Heal Business Agent & Treasurer | OfficerTrustee | 40 | $200,377 |
Daniel Gumble Business Mgr & Financial Secretary | OfficerTrustee | 40 | $258,973 |
Todd Heuer Business Agent & Recording Secretary | OfficerTrustee | 40 | $203,272 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,607,984 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,705 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,611,689 |
| Total Program Service Revenue | $0 |
| Investment income | $561,314 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $58,981 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,453,933 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $22,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,092,335 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,469,167 |
| Pension plan accruals and contributions | $438,093 |
| Other employee benefits | $468,301 |
| Payroll taxes | $177,749 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,485 |
| Fees for services: Accounting | $17,715 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,300 |
| Office expenses | $109,979 |
| Information technology | $63,457 |
| Royalties | $0 |
| Occupancy | $6,000 |
| Travel | $41,921 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $70,030 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $76,637 |
| Insurance | $62,374 |
| All other expenses | $240,008 |
| Total functional expenses | $6,254,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,520,966 |
| Savings and temporary cash investments | $20,764,952 |
| 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 | $14,455,301 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $705,282 |
| Investments—publicly traded securities | $14,498 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $49,460,999 |
| 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 | $40,606 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,187,869 |
| Total liabilities | $1,228,475 |
| Net assets without donor restrictions | $48,231,907 |
| Net assets with donor restrictions | $617 |
| 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 | $49,460,999 |