International Brotherhood Of Electrical Workers

Organization Overview

International Brotherhood Of Electrical Workers is located in Washington, DC. 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 06/2022, International Brotherhood Of Electrical Workers generated $240.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $199.3m during the year ending 06/2022. While expenses have increased by 3.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO ORGANIZE ALL WORKERS FOR THEIR MORAL, ECONOMIC, SOCIAL ADVANCEMENT, CONDITION AND STATUS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED PENSION & DEATH BENEFITS TO QUALIFYING PARTICIPANTS OF THE PLAN.


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Board, Officers & Key Employees

Name (title)Compensation
Lonnie R Stephenson
Trustee
$0
Kenneth W Cooper
Trustee
$0
Leroy Chicio
Trustee
$0
Joseph P Calabro
Trustee
$0
Myles J Calvey
Trustee
$0
Philip Venoit
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Int'l Brotherhood Of Electrical Workers
Administration
$2,900,000
Ullico Investment Advisors
Investment Management
$1,686,335
Bny Mellon
Custodian/admin
$1,621,093
Asb Capital Management
Investment Management
$1,130,102
Bernhard Fund Management
Investment Management
$771,900
View All Vendors

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$91,859,215
Investment income $31,295,307
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $117,900,578
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $240,698,661

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