International Brotherhood Of Electrical Workers
- Assets
- $24.1m
- Revenue
- $6.8m
- Investments
- $1.5m
- Employees
- 21
- Location
- Parsippany, NJ
- Founding
- 05/1951
- Data as of
- 12/2021
- EIN
- 22-6062794
Organization Overview
International Brotherhood Of Electrical Workers is located in Parsippany, NJ. The organization was established in 1951. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2021, International Brotherhood Of Electrical Workers employed 21 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 12/2021, International Brotherhood Of Electrical Workers generated $6.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $7.3m during the year ending 12/2021. While expenses have increased by 3.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ORGANIZE ELECTRICAL WORKERS AND MAINTAIN A UNION HIRING HALL FOR THE BENEFIT OF MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LOCAL UNION ORGANIZED ELECTRICAL WORKERS AND OPERATED A UNION HIRING HALL FOR MEMBERS.
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 |
|---|---|---|---|
Patrick Delle Cava Business Manager | Officer | 45 | $221,892 |
Bernard Corrigan President | Officer | 45 | $197,393 |
David Fiore Treasurer & Asst.bus. Mgr. | Officer | 45 | $197,393 |
Michael D Pulsinelli Jr Exec. Bd. Dir. | Trustee | 0.5 | $1,284 |
Nick Castello Business Agent | Officer | 45 | $197,041 |
Mark Roche Fin'l Sec/bus. Agent | Officer | 45 | $195,985 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,844,082 |
| 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 | $6,844,082 |
| Total Program Service Revenue | $0 |
| Investment income | $244,848 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $57,560 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,847,399 |
| 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. | $1,798,248 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $328,794 |
| Pension plan accruals and contributions | $599,673 |
| Other employee benefits | $593,075 |
| Payroll taxes | $149,638 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,525 |
| Fees for services: Accounting | $27,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $60,260 |
| Fees for services: Other | $0 |
| Advertising and promotion | $429,459 |
| Office expenses | $87,007 |
| Information technology | $50,360 |
| Royalties | $0 |
| Occupancy | $333,870 |
| Travel | $41,772 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $139,138 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $132,938 |
| Insurance | $62,550 |
| All other expenses | $1,021,269 |
| Total functional expenses | $7,265,035 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,169,792 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $421,979 |
| 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 | $127,292 |
| Net Land, buildings, and equipment | $355,966 |
| Investments—publicly traded securities | $9,234,871 |
| Investments—other securities | $1,500,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,318,787 |
| Total assets | $24,128,687 |
| Accounts payable and accrued expenses | $432,202 |
| 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 | $432,202 |
| Net assets without donor restrictions | $23,696,485 |
| 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 | $24,128,687 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Federation Of Teachers New York, NY | $15,634,112 | $19,917,624 |
Sheetmetal Workers Local 12 Pittsburgh, PA | $43,864,039 | $19,934,211 |
International Brotherhood Of Electrical Workers Flushing, NY | $42,808,557 | $29,527,864 |
American Federation Of State County & Municipal Employees New York, NY | $5,666,474 | $18,719,600 |
Laboers International Union Of North America New York, NY | $82,959,218 | $20,599,249 |
Teamsters Local 97 Fund Clark, NJ | $4,130,996 | $17,509,914 |
International Union Of Operating Engineers 825 825 A&b Springfield, NJ | $42,119,361 | $15,523,159 |
Electrical Workers Local No 86 Insurance Fund Plan And Trust Rochester, NY | $26,301,983 | $18,525,409 |
International Union Of Painters And Allied Trades New York, NY | $30,422,741 | $16,478,287 |
International Brotherhood Of Teamsters New York, NY | $10,937,127 | $16,693,793 |
New York State Correctional Albany, NY | $26,423,975 | $18,262,137 |
Retail Wholesale & Department Store Union New York, NY | $50,504,227 | $15,796,954 |