International Brotherhood Of Electrical Workers
- Assets
- $6.7m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 26
- Location
- Nashville, TN
- Founding
- 08/1944
- Data as of
- 12/2022
- EIN
- 62-0247250
Organization Overview
International Brotherhood Of Electrical Workers is located in Nashville, TN. The organization was established in 1944. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2022, International Brotherhood Of Electrical Workers employed 26 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 12/2022, International Brotherhood Of Electrical Workers generated $5.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $3.8m during the year ending 12/2022. While expenses have increased by 6.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MEMBER BENEFITS TO UNION ELECTRICIANS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LOCAL PROVIDES COLLECTIVE BARGAINING AND OTHER BENEFITS FOR UNION MEMBERS.
THE LOCAL PROVIDES COLLECTIVE BARGAINING AND OTHER BENEFITS FOR UNION MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
D Brent Eswine Exec Board | Trustee | 8 | $0 |
Phil Hayes Exec Board | Trustee | 8 | $0 |
Cameron Bennet Rec Sec | OfficerTrustee | 8 | $1,628 |
Craig Pruitt Exec Board | Trustee | 8 | $0 |
Dayton Layne Exec Board | OfficerTrustee | 40 | $54,737 |
Joel Brauchi Treasurer/bus Mgr/fin Sec | OfficerTrustee | 40 | $123,107 |
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 | $6,010 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,010 |
| Total Program Service Revenue | $5,591,709 |
| Investment income | $141,073 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,607 |
| Net Gain/Loss on Asset Sales | -$12,230 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$22,232 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,712,937 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $525,437 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $64,246 |
| Compensation of current officers, directors, key employees. | $761,344 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $390,244 |
| Pension plan accruals and contributions | $62,420 |
| Other employee benefits | $75,648 |
| Payroll taxes | $78,174 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,360 |
| Fees for services: Accounting | $11,935 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,717 |
| Fees for services: Other | $17,134 |
| Advertising and promotion | $128,248 |
| Office expenses | $67,554 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $78,811 |
| Travel | $69,584 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,373 |
| Interest | $0 |
| Payments to affiliates | $1,089,042 |
| Depreciation, depletion, and amortization | $75,674 |
| Insurance | $45,303 |
| All other expenses | $42,066 |
| Total functional expenses | $3,811,601 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $297,675 |
| Savings and temporary cash investments | $2,415,069 |
| 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 | $13,770 |
| Net Land, buildings, and equipment | $615,372 |
| Investments—publicly traded securities | $3,382,156 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,724,042 |
| Accounts payable and accrued expenses | $3,691 |
| 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 | $25,435 |
| Total liabilities | $29,126 |
| Net assets without donor restrictions | $6,687,321 |
| Net assets with donor restrictions | $7,595 |
| 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 | $6,724,042 |
Grants Awarded
Over the last fiscal year, International Brotherhood Of Electrical Workers has awarded $17,250 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNION SPORTSMEN'S ALLIANCE | | | $7,250 |
ELECTRICAL WORKERS HISTORICAL SOCIE | | | $10,000 |