International Brotherhood Of Electrical Workers
- Assets
- $9.7m
- Revenue
- $5.9m
- Investments
- $249.1k
- Employees
- 25
- Location
- Sacramento, CA
- Founding
- 08/1940
- Data as of
- 06/2022
- EIN
- 94-0577264
Organization Overview
International Brotherhood Of Electrical Workers is located in Sacramento, CA. 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 06/2022, International Brotherhood Of Electrical Workers employed 25 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 06/2022, International Brotherhood Of Electrical Workers generated $5.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $5.5m during the year ending 06/2022. While expenses have increased by 5.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS IS THE COLLCTIVE BARGAINING AGENT FOR PERSONS EMPLOYED BY UNION SHOPS IN THE RELATED INDUSTRY. THE LOCAL UNION OPERATES A HIRING HALL,
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 340 IS THE COLLECTIVE BARGAINING AGENT FOR PERSONS EMPLOYED BY UNION SHOPS IN THE RELATED INDUSTRY. AS A MEMBER SUPPORTED ORGANIZATION, THE MAJORITY OF INCOME IS GENERATED BY DUES AND INITIATION FEES. THE LOCAL UNION OPERATES A HIRING HALL, ORGANIZES WORKERS, AND NEGOTIATES COMPENSATION FOR MEMBERS OF THE LOCAL UNION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Ward Business Manager | Officer | 40 | $122,749 |
Michael Franklin Business Representative | Officer | 40 | $110,080 |
Robert Saragoza Business Representative | 40 | $104,070 | |
Rustin Johnson Executive Board | Trustee | 40 | $69,918 |
Matt Nootenboom Treasurer | Officer | 40 | $52,107 |
Mark Steelman President | Officer | 1 | $12,027 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,808,715 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $468 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,809,183 |
| Total Program Service Revenue | $23,798 |
| Investment income | $15,974 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $44,105 |
| Net Gain/Loss on Asset Sales | -$1,427 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$28,965 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,862,668 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $506,230 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $395,636 |
| Pension plan accruals and contributions | $220,058 |
| Other employee benefits | $195,936 |
| Payroll taxes | $77,425 |
| Fees for services: Management | $55,359 |
| Fees for services: Legal | $101,658 |
| Fees for services: Accounting | $23,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $51,114 |
| Office expenses | $199,282 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $155,305 |
| Travel | $30,831 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $60,177 |
| Interest | $69,789 |
| Payments to affiliates | $2,797,034 |
| Depreciation, depletion, and amortization | $248,029 |
| Insurance | $63,178 |
| All other expenses | $0 |
| Total functional expenses | $5,500,553 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,211 |
| Savings and temporary cash investments | $4,570,364 |
| 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 | $4,839,284 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $249,115 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,342 |
| Total assets | $9,680,316 |
| 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 | $1,426,971 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,497 |
| Total liabilities | $1,452,468 |
| Net assets without donor restrictions | $8,227,848 |
| 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 | $9,680,316 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that International Brotherhood Of Electrical Workers has recieved totaling $25,048.
| Awarding Organization | Amount |
|---|---|
International Brotherhood Of Electrical Workers Portland, OR PURPOSE: CONTRIBUTION | $25,048 |