International Brotherhood Of Electrical Workers
- Assets
- $1.7m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 12
- Location
- Philadelphia, PA
- Founding
- 08/1940
- Data as of
- 12/2023
- EIN
- 34-6003710
Organization Overview
International Brotherhood Of Electrical Workers is located in Philadelphia, PA. 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 12 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 $1.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. 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
THE COUNCIL'S MISSION IS TO SUPPORT COLLECTIVE BARGAINING FOR ITS MEMBERS, CONDUCTING MEMBERSHIP MEETINGS, EDUCATION, ORGANIZING EVENTS TO FURTHER THE COMMON INTERESTS OF THE MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTIVE BARGAINING AND REPRESENTATION SERVICES TO APPROXIMATELY 3,250 MEMBERS FOR THE CALENDAR YEAR ENDING DECEMBER 31,2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur Davidson General Chrm | Officer | 50 | $167,853 |
Steven R Corrado Secy-Treas | Officer | 50 | $149,299 |
Kenneth Korzeniowski Vice Chairman | Officer | 40 | $115,762 |
David Ortiz Exec Board | Trustee | 2 | $2,829 |
Michael Allen Exec Board | Trustee | 2 | $2,336 |
Jeff Corman Exec Board | Trustee | 2 | $2,180 |
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 | $1,348,505 |
| Investment income | $26,798 |
| 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 | $1,375,303 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $352 |
| 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. | $568,167 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $159,365 |
| Pension plan accruals and contributions | $8,497 |
| Other employee benefits | $163,807 |
| Payroll taxes | $117,514 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,688 |
| Advertising and promotion | $0 |
| Office expenses | $14,217 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,928 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $75,035 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,516 |
| Insurance | $12,345 |
| All other expenses | $1,676 |
| Total functional expenses | $1,196,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $322,733 |
| Savings and temporary cash investments | $1,305,429 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,615 |
| 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 | $33,596 |
| Net Land, buildings, and equipment | $3,786 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,480 |
| Total assets | $1,691,639 |
| Accounts payable and accrued expenses | $12,724 |
| 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 | $12,724 |
| Net assets without donor restrictions | $1,678,915 |
| 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 | $1,691,639 |