International Brotherhood Of Electrical Workers
- Assets
- $2.6m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 10
- Location
- Clarksburg, WV
- Founding
- 08/1940
- Data as of
- 12/2021
- EIN
- 55-0341809
Organization Overview
International Brotherhood Of Electrical Workers is located in Clarksburg, WV. 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 12/2021, International Brotherhood Of Electrical Workers employed 10 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 12/2021, International Brotherhood Of Electrical Workers generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
COLLECTION OF DUES TO PROMOTE BETTER WORK ENVIRONMENTS AND ADEQUATE PAY
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shane Ferguson Fin. Sec./bus. Mang | Officer | 40 | $115,455 |
Shane Flanagan President | Officer | 6 | $1,189 |
Tim Barr Vice-President | Officer | 6 | $342 |
David Friend Treasurer | Officer | 6 | $342 |
John Young Recording Secretary | Officer | 6 | $0 |
Name Not Listed Executive Board Member | Trustee | 4 | $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 | $1,011,213 |
| Investment income | $50,341 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,068,056 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $72,433 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $117,328 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $285,762 |
| Pension plan accruals and contributions | $64,008 |
| Other employee benefits | $102,693 |
| Payroll taxes | $33,700 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $188 |
| Fees for services: Accounting | $2,314 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,947 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,243 |
| Information technology | $5,934 |
| Royalties | $0 |
| Occupancy | $28,828 |
| Travel | $17,844 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,302 |
| Interest | $0 |
| Payments to affiliates | $82,790 |
| Depreciation, depletion, and amortization | $7,421 |
| Insurance | $6,262 |
| All other expenses | $29,444 |
| Total functional expenses | $1,131,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $298,375 |
| 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 | $114,536 |
| Investments—publicly traded securities | $2,221,088 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,634,499 |
| Accounts payable and accrued expenses | $34,568 |
| 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 | $213,866 |
| Other liabilities | $0 |
| Total liabilities | $248,434 |
| Net assets without donor restrictions | $0 |
| 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 | $2,386,065 |
| Total liabilities and net assets/fund balances | $2,634,499 |