International Brotherhood Of Electrical Workers is located in Meridian, MS. 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 3 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 $422.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $493.2k during the year ending 12/2021. While expenses have increased by 2.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
AS A LOCAL UNION OF THE IBEW, THE UNION PROVIDES SERVICES TO ITS MEMBERS AND TRAINING FOR CURRENT MEMBERS AND FOR APPRENTICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOCAL LABOR UNION FOR THE BENEFIT OF MEMBERS AND TO HELP TO BRING INDUSTRY AND JOBS TO THE AREA. TO HELP TRAIN CURRENT MEMBERS AND APPRENTICES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Stacy Henderson Bus Mgr/fin | Officer | 40 | $78,426 |
David Henley Vc Pres / As | Officer | 40 | $72,068 |
Mike Arias Treasurer | Officer | 1 | $599 |
Jim Miles President | Officer | 1 | $599 |
Joseph Smith Executive Bo | Trustee | 1 | $599 |
Anthony Coleman Executive Bo | Trustee | 1 | $549 |
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 | $405,058 |
Investment income | $16,970 |
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 | $422,028 |
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 | $106,186 |
Compensation of current officers, directors, key employees. | $198,368 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $32,000 |
Pension plan accruals and contributions | $1,123 |
Other employee benefits | $0 |
Payroll taxes | $12,004 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $18,425 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $26,020 |
Office expenses | $6,703 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $49,934 |
Travel | $20,717 |
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 | $0 |
Depreciation, depletion, and amortization | $13,159 |
Insurance | $3,419 |
All other expenses | $0 |
Total functional expenses | $493,160 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $79,050 |
Savings and temporary cash investments | $420,136 |
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 | $544,325 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $67,543 |
Investments—publicly traded securities | $552,385 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,663,439 |
Accounts payable and accrued expenses | $12,234 |
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 | $0 |
Total liabilities | $12,234 |
Net assets without donor restrictions | $1,651,205 |
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 | $1,663,439 |