International Brotherhood Of Electrical Workers
- Assets
- $13.2m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 13
- Location
- Forestville, MD
- Founding
- 08/1940
- Data as of
- 06/2022
- EIN
- 52-0567972
Organization Overview
International Brotherhood Of Electrical Workers is located in Forestville, MD. 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 06/2022, International Brotherhood Of Electrical Workers employed 13 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 06/2022, International Brotherhood Of Electrical Workers generated $4.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $2.6m during the year ending 06/2022. While expenses have increased by 1.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MEMBERSHIP ORGANIZATION FOR ALL WORKERS IN THE ELECTRICAL INDUSTRY TO ORGANIZE INTO LOCAL UNIONS; PROMOTE REASONABLE WORK METHOD, ADEQUATE PAY AND WORKING CONDITIONS; SETTLE LABOR DISPUTES; THERE WERE 1,765 ACTIVE CLASS "A- AND 70 ACTIVE CLASS "BA" MEMBERS AT JUNE 30, 2022.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP ORGANIZATION FOR ALL WORKERS IN THE ELECTRICAL INDUSTRY TO ORGANIZE INTO LOCAL UNIONS; PROMOTE REASONABLE WORK METHOD, ADEQUATE PAY AND WORKING CONDITIONS; SETTLE LABOR DISPUTES; THERE WERE 1,765 ACTIVE CLASS "A- AND 70 ACTIVE CLASS "BA" MEMBERS AT JUNE 30, 2022.
MEMBERSHIP ORGANIZATION FOR ALL WORKERS IN THE ELECTRICAL INDUSTRY TO ORGANIZE INTO LOCAL UNIONS; PROMOTE REASONABLE WORK METHOD, ADEQUATE PAY AND WORKING CONDITIONS; SETTLE LABOR DISPUTES; THERE WERE 1,765 ACTIVE CLASS "A- AND 70 ACTIVE CLASS "BA" MEMBERS AT JUNE 30, 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James M Horton Bus Mgr & Fi | OfficerTrustee | 40 | $146,078 |
Roland Carter President | OfficerTrustee | 40 | $131,456 |
Gary Helton Organizer | OfficerTrustee | 40 | $117,040 |
Mika Penvose Bus Rep-Sepa | Trustee | 40 | $93,632 |
Michael Powers Safety Coord | OfficerTrustee | 40 | $87,694 |
Shawn Scott Sr Bus Rep-S | Trustee | 40 | $86,610 |
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 | $3,412,284 |
| Investment income | $578,241 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $530,702 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,603,404 |
| 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 | $52,856 |
| Compensation of current officers, directors, key employees. | $667,660 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $121,036 |
| Pension plan accruals and contributions | $306,341 |
| Other employee benefits | $39,000 |
| Payroll taxes | $62,188 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,224 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $60,939 |
| Fees for services: Other | $8,340 |
| Advertising and promotion | $12,375 |
| Office expenses | $109,344 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,218 |
| Travel | $40,099 |
| 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 | $790,883 |
| Depreciation, depletion, and amortization | $48,013 |
| Insurance | $26,410 |
| All other expenses | $62,903 |
| Total functional expenses | $2,585,211 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,122,093 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $240,877 |
| 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 | $20,139 |
| Net Land, buildings, and equipment | $3,217,017 |
| Investments—publicly traded securities | $6,574,149 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $13,175,275 |
| Accounts payable and accrued expenses | $65,838 |
| 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 | $106,137 |
| Total liabilities | $171,975 |
| Net assets without donor restrictions | $13,003,300 |
| 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 | $13,175,275 |
Grants Awarded
Over the last fiscal year, International Brotherhood Of Electrical Workers has awarded $11,090 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: TO SUPPORT THE EDUCATION & TRAINING OF ITS MEMBERS & UNION OFFICIALS | $11,090 |
Washington, DC PURPOSE: TO SUPPORT THE HURRICANE SANDY DISASTER FUND | $0 |
Washington, DC PURPOSE: TO SUPPORT NON-FEDERAL STATE & LOCAL ELECTION ACTIVITIES | $0 |