Form 990 for tax year 2023
Filed by INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS.
Totals
- Total revenue
- $11,786,296
- Total expenses
- $5,600,820
- Contributions and grants received
- $0
- Grants paid
- $370,075
- Program service revenue
- $9,672,037
- Investment income
- $2,028,053
- Other revenue
- $86,206
- Total assets, end of year
- $48,195,437
- Total liabilities, end of year
- $11,684
- Net assets or fund balances, end of year
- $48,183,753
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: DUES AND ASSESSMENTS
total $8,617,446 · related or exempt $8,617,446
-
2b · Program service revenue: ADMINISTRATIVE INCOME
total $524,635 · related or exempt $524,635
-
2c · Program service revenue: COPE INCOME
total $257,093 · related or exempt $257,093
-
2d · Program service revenue: BROTHERHOOD INCOME
total $203,201 · related or exempt $203,201
-
2e · Program service revenue: PER CAPITA
total $66,813 · related or exempt $66,813
-
2f · All other program service revenue
total $2,849 · related or exempt $2,849
-
3 · Investment income
total $1,968,950 · excluded $1,968,950
-
6a · Gross rents
real property $13,988
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $13,988
-
6d · Net rental income or loss
total $13,988 · excluded $13,988
-
7a · Gross sales of assets other than inventory
securities $12,289,369 · other assets $44,000
-
7b · Less cost or other basis and sales expenses
securities $12,259,643 · other assets $14,623
-
7c · Gain or loss
securities $29,726 · other assets $29,377
-
7d · Net gain or loss
total $59,103 · related or exempt $29,377 · excluded $29,726
-
10a · Gross sales of inventory
$102,989
-
10b · Cost of goods sold
$99,480
-
10c · Net income from sales of inventory
total $3,509 · excluded $3,509
-
11a · Other revenue: CREDIT CARD/POSTAGE FEES
total $30,353 · related or exempt $30,353
-
11b · Other revenue: MISCELLANOUS INCOME
total $24,219 · related or exempt $24,219
-
11c · Other revenue: GOLF SPONSORSHIP INCOME
total $11,000 · related or exempt $11,000
-
11d · All other revenue
total $3,137 · related or exempt $3,137
-
11e · Other revenue, total
$68,709
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $370,075
-
4 · Benefits paid to or for members
total $79,067
-
5 · Compensation of officers, directors and key employees
total $2,382,118
-
7 · Other salaries and wages
total $692,831
-
8 · Pension plan contributions
total $349,103
-
9 · Other employee benefits
total $247,502
-
10 · Payroll taxes
total $190,460
-
11b · Fees: legal
total $30,755
-
11c · Fees: accounting
total $76,830
-
11f · Fees: investment management
total $43,754
-
11g · Fees: other
total $40,823
-
12 · Advertising and promotion
total $35,147
-
13 · Office expenses
total $212,374
-
14 · Information technology
total $52,042
-
16 · Occupancy
total $176,993
-
17 · Travel
total $80,924
-
19 · Conferences, conventions and meetings
total $127,458
-
21 · Payments to affiliates
total $36,588
-
22 · Depreciation, depletion and amortization
total $162,433
-
23 · Insurance
total $69,003
-
24a · Other expenses: AWARDS
total $111,381
-
24b · Other expenses: MISC
total $16,778
-
24c · Other expenses: DUES REFUND
total $10,871
-
24d · Other expenses: CONTRACTOR ALLOCATION
total $5,135
-
24e · All other expenses
total $375
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,897,176 · end of year $3,540,717
-
2 · Savings and temporary cash investments
beginning of year $5,577,935 · end of year $9,550,339
-
10a · Land, buildings and equipment: cost or other basis
$2,022,203
-
10b · Land, buildings and equipment: accumulated depreciation
$1,005,479
-
10c · Land, buildings and equipment, net
beginning of year $870,790 · end of year $1,016,724
-
11 · Investments: publicly traded securities
beginning of year $30,778,629 · end of year $34,082,233
-
15 · Other assets
beginning of year $29,671 · end of year $5,424
-
17 · Accounts payable and accrued expenses
beginning of year $32,435 · end of year $11,684
-
25 · Other liabilities
beginning of year $5,532 · end of year $0
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $42,116,234 · end of year $48,183,753
Mission and programs · 2023
Mission
THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO. 126 (THE LOCAL) IS ORGANIZED TO REPRESENT ITS MEMBERS IN LABOR AND CONTRACT NEGOTIATIONS WITH CONTRACTORS EMPLOYING ITS MEMBERSHIP.
-
THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO. 126 (THE LOCAL) IS ORGANIZED TO REPRESENT ITS MEMBERS IN LABOR AND CONTRACT NEGOTIATIONS WITH CONTRACTORS EMPLOYING ITS MEMBERSHIP.
As filed on the 2023 return.
Listed in Part VII
-
Jason AcreeJASON ACREE
CHAIRMAN
- Total calculated
- $291,499
- From this org
- $200,535
- From related orgs
- $0
- Other
- $90,964
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $200,535
- Bonus
- $0
- Other
- $0
- Deferred
- $67,209
- Nontaxable benefits
- $23,755
- Filer's total
- $291,499
-
Joseph Martin IIIJOSEPH MARTIN III
EXECUTIVE BOARD
- Total calculated
- $0
- Hours/week
- 2
-
Michael SimmondsMICHAEL SIMMONDS
EXAMINING BOARD/MEMBERSHIP
- Total calculated
- $284,394
- From this org
- $193,459
- From related orgs
- $0
- Other
- $90,935
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $193,459
- Bonus
- $0
- Other
- $0
- Deferred
- $67,180
- Nontaxable benefits
- $23,755
- Filer's total
- $284,394
-
Patrick CaseyPATRICK CASEY
EXECUTIVE BOARD
- Total calculated
- $6,030
- From this org
- $6,030
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Roger DietrichROGER DIETRICH
EXECUTIVE BOARD/BUS. REP. (P)
- Total calculated
- $270,219
- From this org
- $182,818
- From related orgs
- $0
- Other
- $87,401
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $182,818
- Bonus
- $0
- Other
- $0
- Deferred
- $63,646
- Nontaxable benefits
- $23,755
- Filer's total
- $270,219
-
Joshua RaffleJOSHUA RAFFLE
EXAMINING BOARD
- Total calculated
- $0
- Hours/week
- 2
-
Craig Bruse JrCRAIG BRUSE JR
EXAMINING BOARD
- Total calculated
- $0
- Hours/week
- 2
-
Benjamin FreyBENJAMIN FREY
EXECUTIVE BOARD
- Total calculated
- $0
- Hours/week
- 2
-
Wallace KiddWALLACE KIDD
EXECUTIVE BOARD
- Total calculated
- $0
- Hours/week
- 2
-
Steve KuncelmanSTEVE KUNCELMAN
EXECUTIVE BOARD
- Total calculated
- $0
- Hours/week
- 2
-
Steve PankowskiSTEVE PANKOWSKI
EXECUTIVE BOARD
- Total calculated
- $1,321
- From this org
- $1,321
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Thomas MannonTHOMAS MANNON
EXECUTIVE BOARD
- Total calculated
- $0
- Hours/week
- 2
-
Charles A Elliot VCHARLES A ELLIOT V
TREASURER/BUS. REP
- Total calculated
- $274,725
- From this org
- $187,306
- From related orgs
- $0
- Other
- $87,419
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $187,306
- Bonus
- $0
- Other
- $0
- Deferred
- $63,664
- Nontaxable benefits
- $23,755
- Filer's total
- $274,725
-
Christopher WentzelCHRISTOPHER WENTZEL
VICE PRESIDENT/ ASST. BUS.
- Total calculated
- $286,179
- From this org
- $195,236
- From related orgs
- $0
- Other
- $90,943
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $195,236
- Bonus
- $0
- Other
- $0
- Deferred
- $67,188
- Nontaxable benefits
- $23,755
- Filer's total
- $286,179
-
Richard MuttikRICHARD MUTTIK
BUSINESS MANAGER/ FIN. SEC
- Total calculated
- $338,052
- From this org
- $237,316
- From related orgs
- $0
- Other
- $100,736
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $237,316
- Bonus
- $0
- Other
- $0
- Deferred
- $76,981
- Nontaxable benefits
- $23,755
- Filer's total
- $338,052
-
Steve LutzSTEVE LUTZ
RECORDING SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Bernie KephartBERNIE KEPHART
ASST. BUSINESS MANAGER
- Total calculated
- $283,479
- From this org
- $192,547
- From related orgs
- $0
- Other
- $90,932
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $192,547
- Bonus
- $0
- Other
- $0
- Deferred
- $67,177
- Nontaxable benefits
- $23,755
- Filer's total
- $283,479
-
Victoria RubrightVICTORIA RUBRIGHT
ADMINISTRATOR
- Total calculated
- $189,735
- From this org
- $139,797
- From related orgs
- $0
- Other
- $49,938
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $139,797
- Bonus
- $0
- Other
- $0
- Deferred
- $29,200
- Nontaxable benefits
- $20,738
- Filer's total
- $189,735
-
Christopher VandegriftCHRISTOPHER VANDEGRIFT
BUS. REP.
- Total calculated
- $284,256
- From this org
- $193,321
- From related orgs
- $0
- Other
- $90,935
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $193,321
- Bonus
- $0
- Other
- $0
- Deferred
- $67,180
- Nontaxable benefits
- $23,755
- Filer's total
- $284,256
-
Christopher SmitleyCHRISTOPHER SMITLEY
BUS. REP.
- Total calculated
- $284,384
- From this org
- $193,449
- From related orgs
- $0
- Other
- $90,935
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $193,449
- Bonus
- $0
- Other
- $0
- Deferred
- $67,180
- Nontaxable benefits
- $23,755
- Filer's total
- $284,384
-
Bruce CollinsBRUCE COLLINS
BUS. REP.
- Total calculated
- $176,317
- From this org
- $108,771
- From related orgs
- $0
- Other
- $67,546
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $108,771
- Bonus
- $0
- Other
- $0
- Deferred
- $43,671
- Nontaxable benefits
- $23,875
- Filer's total
- $176,317
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
IBEW PAC
$325,000
PROVIDE FINANCIAL SUPPORT
-
IBEW UNITY FUND
$25,000
PROVIDE FINANCIAL SUPPORT
-
MOSHULU
$12,698
PROVIDE FINANCIAL SUPPORT
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
IBEW LOCAL UNION 126 HEALTH & WELFARE FUND
501(C)(9) · HEALTH AND WELFARE BENEFIT FUND · PA
-
IBEW LOCAL UNION 126 RETIREMENT PLAN
401A · RETIREMENT PLAN · PA
-
501(C)(3) · UNION MEMBERS SAFETY AND TRAINING · PA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202412579349300146
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