International Brotherhood Of Electrical Workers
- Assets
- $38.3m
- Revenue
- $8.1m
- Investments
- $0.0
- Employees
- 24
- Location
- Honolulu, HI
- Founding
- 08/1940
- Data as of
- 12/2021
- EIN
- 99-0037598
Organization Overview
International Brotherhood Of Electrical Workers is located in Honolulu, HI. 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 24 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 $8.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $7.6m during the year ending 12/2021. While expenses have increased by 3.4% 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
TO ORGANIZE ALL WORKERS AND SECURE IMPROVED COMPENSATION AND WORKING CONDITIONS THRU COLLECTIVE BARGAINING
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNION ORGANIZES MEMBERS AND SECURES IMPROVED COMPENSATION AND WORKING CONDITIONS FOR THEIR MEMBERS THROUGH COLLECTIVE BARGAINING BY PAYING FOR THEIR EMPLOYEES' (BUSINESS REP. AND ADMINISTRATIVE STAFF) SALARIES/WAGES, PAYROLL TAXES, AND EMPLOYEE BENEFITS.
JOB SECURITY MAINTAINED THROUGH STABILZATION OF TRADE JURISDICTION THROUGH AFFILIATION WITH INTERNATIONAL UNION AND AFFILIATED COUNCILS.
PROMOTE MEMBERSHIP UNITY THROUGH NEWSLETTER & OTHER SOCIAL MEDIA.
OTHER MEMBER SUPPORT ACTIVITIES:MEMBERS' INSURANCE AND EXPENSE: $219,234, LEASED EMPLOYEES AND OUTSIDE SERVICES: $150,476, OFFICER AND COMMITTEE EXPENSE: $108,138, DONATIONS: $97,575, ORGANIZATION EXPENSE: $74,126, TRAVEL EXPENSE: $49,098, SEMINARS, DUES AND SUBSCRIPTIONS: $45,235, POLITICAL CONTRIBUTIONS: $40,000, AND AUTOMOTIVE EXPENSE: $32,737
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Damien Kim Busmgr/finsec | Officer | 40 | $301,534 |
Jonathan Carroll Business Representative | Officer | 40 | $171,897 |
Tracy Hayashi President | Officer | 40 | $167,275 |
Kimi Koge Business Representative | Officer | 40 | $164,171 |
Ray Shimabuku Executive Board | Trustee | 40 | $157,792 |
Don Dela Cruz Business Representative | Officer | 40 | $155,827 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hawaii Electricians Pension Fund Landlord | 12/30/21 | $332,318 |
Pach Secure Technology Llc Computer Network Services | 12/30/21 | $128,099 |
James Campbell Company Llc Landlord | 12/30/21 | $117,338 |
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 | $7,715,911 |
| Investment income | $146,454 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $294,230 |
| Net Gain/Loss on Asset Sales | -$24,234 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,132,361 |
| 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 | $219,234 |
| Compensation of current officers, directors, key employees. | $1,784,752 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,014,508 |
| Pension plan accruals and contributions | $564,762 |
| Other employee benefits | $380,902 |
| Payroll taxes | $210,098 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,636 |
| Fees for services: Accounting | $45,733 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,654 |
| Fees for services: Other | $150,476 |
| Advertising and promotion | $282,450 |
| Office expenses | $188,633 |
| Information technology | $113,743 |
| Royalties | $0 |
| Occupancy | $607,059 |
| Travel | $49,098 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $227,499 |
| Interest | $0 |
| Payments to affiliates | $1,187,083 |
| Depreciation, depletion, and amortization | $305,823 |
| Insurance | $70,173 |
| All other expenses | $0 |
| Total functional expenses | $7,640,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $800 |
| Savings and temporary cash investments | $22,717,624 |
| 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 | $148,923 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $9,748,683 |
| Investments—publicly traded securities | $5,690,944 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,551 |
| Total assets | $38,342,525 |
| 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 | $77,513 |
| Total liabilities | $77,513 |
| Net assets without donor restrictions | $38,265,012 |
| 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 | $38,342,525 |