International Brotherhood Of Electrical Workers
- Assets
- $3.1m
- Revenue
- $1.1m
- Investments
- $321.1k
- Employees
- 11
- Location
- Charleston, WV
- Founding
- 04/1967
- Data as of
- 06/2023
- EIN
- 55-0201593
Organization Overview
International Brotherhood Of Electrical Workers is located in Charleston, WV. The organization was established in 1967. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 06/2023, International Brotherhood Of Electrical Workers employed 11 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 06/2023, International Brotherhood Of Electrical Workers generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $1.0m during the year ending 06/2023. While expenses have increased by 2.9% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FULFILL THE OBJECTIVES OF THE INTERNATIONAL UNION AND TO ENHANCE, CONSERVE AND PROTECT THE WELFARE & INTEREST OF THE INTERNATIONAL UNION, AFFILIATES AND MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IBEW 466 ENGAGED IN LABOR UNION ACTIVITIES ONLY.
IBEW 466 ENGAGED IN LABOR UNION ACTIVITIES ONLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher C Samples Bus Mg/fin S | Officer | 40 | $100,210 |
Dustin Vaughan Treasurer | Officer | 2 | $3,573 |
Byron C Frame Recording Se | Officer | 2 | $2,858 |
Collin Wright President | Officer | 2 | $297 |
Jason Anderson Executive Bo | Trustee | 2 | $0 |
Jonathan Drake Executive Bo | Trustee | 2 | $0 |
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 | $1,051,606 |
| Investment income | $43,471 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,365 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,093,712 |
| 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 | $4,500 |
| Compensation of current officers, directors, key employees. | $106,938 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $374,271 |
| Pension plan accruals and contributions | $112,086 |
| Other employee benefits | $136,032 |
| Payroll taxes | $38,440 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,652 |
| Fees for services: Other | $2,500 |
| Advertising and promotion | $1,000 |
| Office expenses | $46,713 |
| Information technology | $3,420 |
| Royalties | $0 |
| Occupancy | $26,423 |
| Travel | $7,663 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,144 |
| Interest | $0 |
| Payments to affiliates | $5,165 |
| Depreciation, depletion, and amortization | $38,761 |
| Insurance | $10,311 |
| All other expenses | $14,765 |
| Total functional expenses | $1,043,686 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $159,602 |
| Savings and temporary cash investments | $1,283,371 |
| 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 | $0 |
| Net Land, buildings, and equipment | $489,921 |
| Investments—publicly traded securities | $820,734 |
| Investments—other securities | $321,124 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,074,752 |
| Accounts payable and accrued expenses | $2,720 |
| 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 | $27,502 |
| Total liabilities | $30,222 |
| Net assets without donor restrictions | $3,029,020 |
| Net assets with donor restrictions | $15,510 |
| 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 | $3,074,752 |