International Brotherhood Of Electrical Workers
- Assets
- $12.0m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 100
- Location
- Lisle, IL
- Founding
- 08/1940
- Data as of
- 12/2023
- EIN
- 36-4244842
Organization Overview
International Brotherhood Of Electrical Workers is located in Lisle, IL. 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 100 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 $3.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 8 years. 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 PURPOSE OF THE LOCAL IS TO ELEVATE THE ECONOMIC, MORAL, INTELLECTUAL, AND SOCIAL CONDITIONS OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INCOME IS USED TO ENABLE THE UNION TO CARRY OUT ITS EXEMPT PURPOSES: TO ORGANIZE ALL WORKERS FOR THE ECONOMIC, MORAL, AND SOCIAL ADVANCEMENT OF THEIR CONDITION AND STATUS. THERE WERE 2,729 MEMBERS AT YEAR END.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Devon Jennings Exec Board/chairman | Officer | 2 | $21,420 |
Paul Wright President/bus Mgr/fin Sec | Officer | 40 | $202,683 |
Bill Henne Vice Pres | Officer | 2 | $10,389 |
Bob Przybylinski Rec Sec | Officer | 2 | $38,381 |
Sue Elder Exec Board/rec Sec | Officer | 2 | $23,757 |
Cedric Wouldfolk Exec Board | Officer | 2 | $13,106 |
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 | $3,121,085 |
| Investment income | $369,071 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$135,446 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,278,853 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,535 |
| Grants and other assistance to domestic individuals. | $2,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $488,356 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,058,236 |
| Pension plan accruals and contributions | $48,228 |
| Other employee benefits | $149,503 |
| Payroll taxes | $123,980 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $84,108 |
| Fees for services: Accounting | $44,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $79,996 |
| Fees for services: Other | $11,282 |
| Advertising and promotion | $0 |
| Office expenses | $65,983 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,576 |
| Travel | $69,091 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,842 |
| Interest | $0 |
| Payments to affiliates | $835,373 |
| Depreciation, depletion, and amortization | $13,227 |
| Insurance | $37,709 |
| All other expenses | $0 |
| Total functional expenses | $3,217,022 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $307,637 |
| Savings and temporary cash investments | $1,649,013 |
| 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 | $240 |
| Net Land, buildings, and equipment | $35,842 |
| Investments—publicly traded securities | $8,815,071 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,154,358 |
| Total assets | $11,962,161 |
| 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 | $162 |
| Total liabilities | $162 |
| Net assets without donor restrictions | $11,961,999 |
| 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 | $11,962,161 |
Grants Awarded
Over the last fiscal year, International Brotherhood Of Electrical Workers has awarded $401,150 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
IBEW EDUCATIONAL FUND PURPOSE: MEMBER EDUCATION | $279,800 |
IBEW UNITY FUND PURPOSE: CONTRIBUTION | $10,000 |
DEPAUL UNIVERSITY- SCHOOL FOR NEW LEARNING PURPOSE: CONTRIBUTION | $6,350 |
JOBS WITH JUSTICE PURPOSE: CONTRIBUTION | $5,000 |
ELECTRICAL WORKERS HISTORICAL SOCIETY PURPOSE: CONTRIBUTION | $100,000 |