International Brotherhood Of Electrical Workers
- Assets
- $2.4m
- Revenue
- $1.4m
- Investments
- $1.4m
- Employees
- 9
- Location
- Lorain, OH
- Founding
- 08/1940
- Data as of
- 06/2023
- EIN
- 34-0443362
Organization Overview
International Brotherhood Of Electrical Workers is located in Lorain, OH. 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 06/2023, International Brotherhood Of Electrical Workers employed 9 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 06/2023, International Brotherhood Of Electrical Workers generated $1.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $976.0k during the year ending 06/2023. While expenses have increased by 1.2% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
JOB PLACEMENT AND CONDITIONS FOR MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
JOB PLACEMENT - NEGOTIATE WAGES, WORKING CONDITIONS AND FRINGE BENEFIT PROGRAMS. PROMOTE & PROVIDE TRAINING FOR APPRENTICES AND HANDLE GRIEVANCES BETWEEN MEMBERS AND CONTRACTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leonard Roark President | OfficerTrustee | 40 | $83,788 |
John Novak Business Manager/financial | OfficerTrustee | 40 | $107,393 |
Kurt Kauk Treasurer | OfficerTrustee | 0.5 | $1,913 |
Marc Schueszler Recording Secretary | OfficerTrustee | 0.5 | $1,913 |
Patrick Bell Trustee | Trustee | 0.5 | $2,455 |
Jay Hasenflue Trustee | Trustee | 0.5 | $1,435 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,343,414 |
| 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 | $1,343,414 |
| Total Program Service Revenue | $0 |
| Investment income | $37,355 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,182 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,393,171 |
| 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. | $216,644 |
| Compensation of current officers, directors, key employees. | $72,216 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $95,510 |
| Pension plan accruals and contributions | $52,074 |
| Other employee benefits | $45,035 |
| Payroll taxes | $22,483 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,605 |
| Fees for services: Other | $17,020 |
| Advertising and promotion | $0 |
| Office expenses | $15,807 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,044 |
| Travel | $6,496 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $259,836 |
| Depreciation, depletion, and amortization | $11,453 |
| Insurance | $9,865 |
| All other expenses | $6,464 |
| Total functional expenses | $975,979 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $510,340 |
| Savings and temporary cash investments | $476,918 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $91,421 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,356,279 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,434,958 |
| 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 | $2,643 |
| Total liabilities | $2,643 |
| Net assets without donor restrictions | $2,432,315 |
| 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 | $2,434,958 |