Form 990 for tax year 2023
Filed by INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS.
Totals
- Total revenue
- $4,861,566
- Total expenses
- $2,472,199
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $4,514,522
- Investment income
- $257,692
- Other revenue
- $89,352
- Total assets, end of year
- $11,627,387
- Total liabilities, end of year
- $116,880
- Net assets or fund balances, end of year
- $11,510,507
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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: MEMBERSHIP DUES AND FEES
total $4,514,522 · related or exempt $4,514,522
-
3 · Investment income
total $254,313 · related or exempt $254,313
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $481,393 · other assets $24,500
-
7b · Less cost or other basis and sales expenses
securities $502,514
-
7c · Gain or loss
securities -$21,121 · other assets $24,500
-
7d · Net gain or loss
total $3,379 · related or exempt $3,379
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: MERCHANDISE SALES
total $80,266 · related or exempt $80,266
-
11b · Other revenue: MISCELLANEOUS INCOME
total $9,086 · related or exempt $9,086
-
11c · Other revenue: JAMES D BRYAN MEMORIAL FUND
-
11e · Other revenue, total
$89,352
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $184,563
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $599,166
-
8 · Pension plan contributions
total $144,509
-
9 · Other employee benefits
total $131,996
-
10 · Payroll taxes
total $64,235
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $88,990
-
11c · Fees: accounting
total $39,075
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $67,372
-
13 · Office expenses
total $129,594
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $192,869
-
17 · Travel
total $25,131
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $66,127
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $46,488
-
23 · Insurance
total $40,539
-
24a · Other expenses: MERCHANDISE
total $255,241
-
24b · Other expenses: AFFILIATIONS
total $111,424
-
24c · Other expenses: DONATIONS
total $83,491
-
24d · Other expenses: PIN PARTY
total $47,596
-
24e · All other expenses
total $153,793
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,120,595 · end of year $1,263,287
-
2 · Savings and temporary cash investments
beginning of year $6,114,453 · end of year $8,219,770
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$322,638
-
10b · Land, buildings and equipment: accumulated depreciation
$134,653
-
10c · Land, buildings and equipment, net
beginning of year $155,907 · end of year $187,985
-
11 · Investments: publicly traded securities
beginning of year $1,847,316 · end of year $1,956,345
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
25 · Other liabilities
beginning of year $117,131 · end of year $116,880
-
27 · Net assets without donor restrictions
beginning of year $9,101,285 · end of year $11,494,712
-
28 · Net assets with donor restrictions
beginning of year $19,855 · end of year $15,795
Mission and programs · 2023
Mission
To organize all electricians in the jurisdiction of IBEW Local 347 so that all workers within the industry enjoy the moral, economic, political, and social benefits of IBEW membership; thus assuring each worker the opportunity to work, live, participate, and retire with dignity and respect.
-
ORGANIZED OVER 2,200 ELECTRICIANS LOCATED IN THE IBEW LOCAL 347 JURISDICTION AND PROVIDED MORAL, ECONOMIC, POLITICAL, AND SOCIAL SUPPORT THROUGH INDUSTRY PROMOTION, JOB PLACEMENT, WAGE NEGOTIATIONS, GRIEVANCE MATTERS, AND COLLECTIVE BARGAINING SERVICES.
As filed on the 2023 return.
Listed in Part VII
-
DAVID REID
Business Mgr
- Total calculated
- $152,222
- From this org
- $107,903
- From related orgs
- $0
- Other
- $44,319
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $107,903
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $44,319
- Filer's total
- $152,222
-
PATRICK WELLS
Past Business Mgr
- Total calculated
- $94,190
- From this org
- $68,468
- From related orgs
- $0
- Other
- $25,722
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $68,468
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $25,722
- Filer's total
- $94,190
-
MIKE JONES
EXECUTIVE BOARD
- Total calculated
- $6,758
- From this org
- $4,881
- From related orgs
- $0
- Other
- $1,877
- Hours/week
- 1
-
CHAD LOWE
Past President
- Total calculated
- $6,566
- From this org
- $4,672
- From related orgs
- $0
- Other
- $1,894
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $4,672
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $1,894
- Filer's total
- $6,566
-
SHANNAN GARZA
Vice President
- Total calculated
- $6,487
- From this org
- $4,388
- From related orgs
- $0
- Other
- $2,099
- Hours/week
- 1
-
MATT DEANGELO
Secretary
- Total calculated
- $4,065
- From this org
- $2,901
- From related orgs
- $0
- Other
- $1,164
- Hours/week
- 1
-
NATE FRIESEN
EXECUTIVE BOARD
- Total calculated
- $3,824
- From this org
- $2,503
- From related orgs
- $0
- Other
- $1,321
- Hours/week
- 1
-
BRONSON WEESE
EXECUTIVE BOARD
- Total calculated
- $3,223
- From this org
- $2,180
- From related orgs
- $0
- Other
- $1,043
- Hours/week
- 1
-
RICHARD CHUMBLEY
President
- Total calculated
- $2,979
- From this org
- $2,110
- From related orgs
- $0
- Other
- $869
- Hours/week
- 1
-
BEN DUKE
EXECUTIVE BOARD
- Total calculated
- $2,622
- From this org
- $1,857
- From related orgs
- $0
- Other
- $765
- Hours/week
- 1
-
JOHN STAHOWICK
EXECUTIVE BOARD
- Total calculated
- $1,906
- From this org
- $1,350
- From related orgs
- $0
- Other
- $556
- Hours/week
- 1
-
KYLE OVERTON
Treasurer
- Total calculated
- $477
- From this org
- $338
- From related orgs
- $0
- Other
- $139
- Hours/week
- 1
-
STEPHEN COXE
EXECUTIVE BOARD
- Total calculated
- $0
- Hours/week
- 1
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
No itemized grants to organizations on this return.
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.
-
LOCAL UNION NO 347 IBEW PAC FUND
527 · LOCAL POLITICAL AND ISSUE RELATED CAMPAIGNS · IA · controlled entity
-
ELECTRICAL WORKERS BUILDING FOUNDATION
501(c)(2) · OWNERSHIP & MAINTENANCE OF UNION HALL · IA · controlled entity
-
IBEW LOCAL 347 SCHOLARSHIP FUND
501(C)(3) · GRANT SCHOLARSHIPS FOR EDUCATION · IA · controlled entity
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 1 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202441229349301839
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