Form 990 for tax year 2023
Filed by INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS.
Totals
- Total revenue
- $964,660
- Total expenses
- $1,074,342
- Contributions and grants received
- $0
- Grants paid
- $9,150
- Program service revenue
- $925,379
- Investment income
- $27,243
- Other revenue
- $12,038
- Total assets, end of year
- $1,671,901
- Total liabilities, end of year
- $49,657
- Net assets or fund balances, end of year
- $1,622,244
- 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: MEMBERS DUES AND ASSES
total $872,753 · related or exempt $872,753
-
2b · Program service revenue: LMCT REIMBURSEMENTS
total $17,668 · related or exempt $17,668
-
2c · Program service revenue: OTHER INCOME
total $16,510 · related or exempt $16,510
-
2d · Program service revenue: OUTING COLLECTIONS
total $9,443 · related or exempt $9,443
-
2e · Program service revenue: CHRISTMAS PARTY COLLEC
total $9,005 · related or exempt $9,005
-
3 · Investment income
total $18,243 · excluded $18,243
-
6a · Gross rents
real property $9,208
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $9,208
-
6d · Net rental income or loss
total $9,208 · related or exempt $9,208
-
7a · Gross sales of assets other than inventory
other assets $9,000
-
7b · Less cost or other basis and sales expenses
other assets $0
-
7c · Gain or loss
other assets $9,000
-
7d · Net gain or loss
total $9,000 · excluded $9,000
-
10a · Gross sales of inventory
$8,288
-
10b · Cost of goods sold
$5,458
-
10c · Net income from sales of inventory
total $2,830 · related or exempt $2,830
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $9,150
-
4 · Benefits paid to or for members
total $8,191
-
5 · Compensation of officers, directors and key employees
total $362,231
-
7 · Other salaries and wages
total $185,546
-
8 · Pension plan contributions
total $74,435
-
9 · Other employee benefits
total $52,096
-
10 · Payroll taxes
total $33,425
-
11b · Fees: legal
total $588
-
11c · Fees: accounting
total $18,173
-
13 · Office expenses
total $37,085
-
16 · Occupancy
total $5,295
-
17 · Travel
total $13,365
-
19 · Conferences, conventions and meetings
total $3,688
-
20 · Interest
total $2,092
-
21 · Payments to affiliates
total $237,802
-
22 · Depreciation, depletion and amortization
total $12,153
-
23 · Insurance
total $10,017
-
24a · Other expenses: CHRISTMAS PARTY EXPENSE
total $8,277
-
24b · Other expenses: OTHER AFFILIATIONS' OUT
total $733
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $142,015 · end of year $92,175
-
2 · Savings and temporary cash investments
beginning of year $1,221,360 · end of year $1,311,314
-
10a · Land, buildings and equipment: cost or other basis
$132,693
-
10b · Land, buildings and equipment: accumulated depreciation
$46,524
-
10c · Land, buildings and equipment, net
beginning of year $46,126 · end of year $86,169
-
11 · Investments: publicly traded securities
beginning of year $156,379 · end of year $182,243
-
17 · Accounts payable and accrued expenses
beginning of year $1,678 · end of year $1,788
-
23 · Secured mortgages and notes payable
beginning of year $20,284 · end of year $47,869
-
27 · Net assets without donor restrictions
beginning of year $1,543,918 · end of year $1,622,244
Mission and programs · 2023
Mission
TO SERVE AS A LABOR UNION FOR ELECTRICIANS.
-
FACILITATE EMPLOYMENT OPPORTUNITIES FOR 448 MEMBER ELECTRICIANS LOCATED IN THE STATE OF CONNECTICUT.
-
TO NEGOTIATE UNION CONTRACTS FOR MEMBERS AND COORDINATE WITH CONTRACTORS TO IMPROVE WORKING CONDITIONS RELATING TO JOB SITES.
-
MAINTENANCE OF A UNION WEB SITE AND E-MAIL TO DISSEMINATE RELEVANT INFORMATION TO UNION MEMBERS.
As filed on the 2023 return.
Listed in Part VII
-
Travis E GeraldTRAVIS E GERALD
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
William T ColeWILLIAM T COLE
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jerome WhiteJEROME WHITE
RECORDING SECRETARY
- Total calculated
- $159,456
- From this org
- $98,221
- From related orgs
- $0
- Other
- $61,235
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $98,221
- Bonus
- $0
- Other
- $0
- Deferred
- $40,159
- Nontaxable benefits
- $21,076
- Filer's total
- $159,456
-
Daniel W McInerneyDANIEL W MCINERNEY
BUSINESS MANAGER/FIN SEC
- Total calculated
- $204,790
- From this org
- $134,175
- From related orgs
- $0
- Other
- $70,615
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $134,175
- Bonus
- $0
- Other
- $0
- Deferred
- $49,539
- Nontaxable benefits
- $21,076
- Filer's total
- $204,790
-
Kevin DuboisKEVIN DUBOIS
EXEC BOARD
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Robert NitscheROBERT NITSCHE
EXEC BOARD
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
John J GulinoJOHN J GULINO
EXEC BOARD
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Amil C LockwoodAMIL C LOCKWOOD
EXEC BOARD
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Peter MarinPETER MARIN
EXEC BOARD
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Stephen J RodriguesSTEPHEN J RODRIGUES
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jenn NormandJENN NORMAND
EXEC BOARD
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
George MeierGEORGE MEIER
EXEC BOARD
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
John FotopoulosJOHN FOTOPOULOS
EXEC BOARD
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Anthony CavalliANTHONY CAVALLI
ASST. BUS. MGR.
- Total calculated
- $182,522
- From this org
- $116,597
- From related orgs
- $0
- Other
- $65,925
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $116,597
- Bonus
- $0
- Other
- $0
- Deferred
- $44,849
- Nontaxable benefits
- $21,076
- Filer's total
- $182,522
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
- 3 · Approval by the board or compensation committee
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 488 IBEW BUILDING CORPORATION
501(C)(2) · HOLDING CORPORATION FOR LOCAL HEADQUARTERS & TRAINING FACILITY · CT
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 April 2024
- IRS schema version
- 2023v5.0
- Source object
- 202401069349300815
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