International Brotherhood Of Electrical Workers is located in Watertown, SD. 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. 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 $149.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $137.6k during the year ending 12/2023. While expenses have increased by 1.9% per year over the past 9 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
ELECTRICAL WORKERS UNION ORGANIZED TO ASSURE FAIR AND EQUITABLE TREATMENT OF LICENSED ELECTRICIANS
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nate Neddo Business Managerfin Secretary | 40 | $19,216 | |
James Weiss Treasurer | 5 | $9,909 | |
Kerry Kilen Executive Board | 1 | $0 | |
Tim Ahlers Executive Board | 1 | $0 | |
Matt Grosz President | 5 | $459 | |
Ryley Meyer Recording Secretary | 1 | $286 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $145,250 |
| Investment income | $28 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $3,675 |
| Total Revenue | $148,953 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $52,600 |
| Professional fees and other payments to independent contractors | $1,346 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $585 |
| Other expenses | $83,069 |
| Total expenses | $137,600 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $127,289 |
| Other assets | $0 |
| Total assets | $127,289 |
| Total liabilities | $561 |
| Net assets or fund balances | $126,728 |