International Brotherhood Of Electrical Workers
- Assets
- $3.2m
- Revenue
- $2.1m
- Investments
- $206.4k
- Employees
- 23
- Location
- Beaumont, TX
- Founding
- 08/1940
- Data as of
- 12/2023
- EIN
- 74-0630686
Organization Overview
International Brotherhood Of Electrical Workers is located in Beaumont, TX. 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 12/2023, International Brotherhood Of Electrical Workers employed 23 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 12/2023, International Brotherhood Of Electrical Workers generated $2.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $1.9m during the year ending 12/2023. 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
THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 479 IS A TEXAS NON-PROFIT CORPORATION WHOSE PURPOSE IS TO REPRESENT ITS MEMBERS IN THE SOUTHEASTERN REGION OF TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REPRESENTING MEMBERS IN THE SOUTHEASTERN REGION OF TEXAS.
REPRESENTING MEMBERS IN THE SOUTHEASTERN REGION OF TEXAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Cooper Business Man | OfficerTrustee | 40 | $121,023 |
Robert Neely President | OfficerTrustee | $2,803 | |
Stephen Lovelady Recording Se | OfficerTrustee | $0 | |
Greg Macon Business Man | OfficerTrustee | 40 | $40,646 |
Kyle Prosperie Treasurer | OfficerTrustee | $0 | |
Kevin Kelly E Board | Trustee | $440 |
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 | $1,835,035 |
| Investment income | $218,022 |
| 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 | -$166 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,110,852 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,800 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $11,982 |
| Compensation of current officers, directors, key employees. | $403,020 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $219,547 |
| Pension plan accruals and contributions | $79,470 |
| Other employee benefits | $74,736 |
| Payroll taxes | $53,238 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,165 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,301 |
| Office expenses | $41,786 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $89,112 |
| Travel | $63,395 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,094 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $107,290 |
| Insurance | $47,775 |
| All other expenses | $71,126 |
| Total functional expenses | $1,873,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $469,660 |
| Savings and temporary cash investments | $241,420 |
| 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 | $383,343 |
| Investments—publicly traded securities | $1,898,095 |
| Investments—other securities | $206,426 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,198,944 |
| Accounts payable and accrued expenses | $0 |
| 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 | $37,257 |
| Total liabilities | $37,257 |
| Net assets without donor restrictions | $3,153,586 |
| Net assets with donor restrictions | $8,101 |
| 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 | $3,198,944 |