Form 990 for tax year 2022
Filed by INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS.
Totals
- Total revenue
- $3,542,960
- Total expenses
- $4,113,583
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $2,940,266
- Investment income
- $478,347
- Other revenue
- $124,347
- Total assets, end of year
- $18,313,830
- Total liabilities, end of year
- $237,712
- Net assets or fund balances, end of year
- $18,076,118
- 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: ASSESSMENTS
total $2,920,795 · related or exempt $2,920,795
-
2b · Program service revenue: DUES - LOCAL UNION SHARE
total $19,471 · related or exempt $19,471
-
3 · Investment income
total $304,091 · excluded $304,091
-
7a · Gross sales of assets other than inventory
other assets $1,777,647
-
7b · Less cost or other basis and sales expenses
other assets $1,603,391
-
7c · Gain or loss
other assets $174,256
-
7d · Net gain or loss
total $174,256 · related or exempt $174,256
-
11a · Other revenue: GAIN ON SALE OF ASSETS
total $96,217 · related or exempt $96,217
-
11b · Other revenue: OTHER INCOME
total $28,130 · related or exempt $28,130
-
11e · Other revenue, total
$124,347
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $1,272,157
-
7 · Other salaries and wages
total $171,603
-
8 · Pension plan contributions
total $470,524
-
9 · Other employee benefits
total $567,382
-
10 · Payroll taxes
total $102,054
-
11b · Fees: legal
total $729
-
11c · Fees: accounting
total $37,000
-
11f · Fees: investment management
total $156,026
-
12 · Advertising and promotion
total $27,231
-
13 · Office expenses
total $63,020
-
14 · Information technology
total $11,168
-
16 · Occupancy
total $207,424
-
17 · Travel
total $136,016
-
19 · Conferences, conventions and meetings
total $34,987
-
22 · Depreciation, depletion and amortization
total $123,750
-
23 · Insurance
total $70,053
-
24a · Other expenses: MEMBERSHIP DEVELOPMENT
total $173,894
-
24b · Other expenses: MARKET RECOVERY AWARDS
total $125,000
-
24c · Other expenses: DINNER TICKETS & ADVERT
total $95,131
-
24d · Other expenses: MEMBERSHIP AFFAIRS & EV
total $78,939
-
24e · All other expenses
total $189,495
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,760,652 · end of year $1,426,541
-
2 · Savings and temporary cash investments
beginning of year $4,693,068 · end of year $4,058,895
-
4 · Accounts receivable
beginning of year $237,333 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $26,532 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$1,379,156
-
10b · Land, buildings and equipment: accumulated depreciation
$827,561
-
10c · Land, buildings and equipment, net
beginning of year $471,177 · end of year $551,595
-
11 · Investments: publicly traded securities
beginning of year $12,958,061 · end of year $12,210,120
-
15 · Other assets
beginning of year $67,529 · end of year $66,679
-
17 · Accounts payable and accrued expenses
beginning of year $169,718 · end of year $0
-
25 · Other liabilities
beginning of year $270,157 · end of year $237,712
-
27 · Net assets without donor restrictions
beginning of year $18,564,309 · end of year $16,763,788
-
28 · Net assets with donor restrictions
beginning of year $1,210,168 · end of year $1,312,330
Mission and programs · 2022
Mission
TO PROMOTE THE WELFARE OF ITS MEMBERS AND TO STRIVE TO ENHANCE THE WORKING CONDITIONS FOR ITS MEMBERS EMPLOYED IN THE ELECTRICAL CONSTRUCTION INDUSTRY.
Activities or mission (Part I)
CONDUCTING OF COLLECTIVE BARGAINING ACTIVITIES ON BEHALF OF MEMBERS.
-
LABOR UNION ORGANIZED TO REPRESENT ELECTRICAL WORKERS.
As filed on the 2022 return.
Listed in Part VII
-
Joseph V EganJOSEPH V EGAN
BUSINESS MANAGER
- Total calculated
- $416,541
- From this org
- $265,972
- From related orgs
- $0
- Other
- $150,569
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $265,972
- Bonus
- $0
- Other
- $0
- Deferred
- $103,189
- Nontaxable benefits
- $47,380
- Filer's total
- $416,541
-
Francis T LeakeFRANCIS T LEAKE
FORMER ASST BUS MGR
- Total calculated
- $97,705
- From this org
- $64,242
- From related orgs
- $0
- Other
- $33,463
- Hours/week
- 40
-
Michael G McLaughlinMICHAEL G MCLAUGHLIN
PRESIDENT
- Total calculated
- $361,360
- From this org
- $229,890
- From related orgs
- $0
- Other
- $131,470
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $229,890
- Bonus
- $0
- Other
- $0
- Deferred
- $86,266
- Nontaxable benefits
- $45,204
- Filer's total
- $361,360
-
Kevin P EganKEVIN P EGAN
BUS. REPRESENTATIVE
- Total calculated
- $353,922
- From this org
- $222,452
- From related orgs
- $0
- Other
- $131,470
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $222,452
- Bonus
- $0
- Other
- $0
- Deferred
- $86,266
- Nontaxable benefits
- $45,204
- Filer's total
- $353,922
-
Alan BulvanoskiALAN BULVANOSKI
BUS. REPRESENTATIVE
- Total calculated
- $353,922
- From this org
- $222,452
- From related orgs
- $0
- Other
- $131,470
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $222,452
- Bonus
- $0
- Other
- $0
- Deferred
- $86,266
- Nontaxable benefits
- $45,204
- Filer's total
- $353,922
-
Wayne Martiak SrWAYNE MARTIAK SR
BUS. REPRESENTATIVE
- Total calculated
- $353,922
- From this org
- $222,452
- From related orgs
- $0
- Other
- $131,470
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $222,452
- Bonus
- $0
- Other
- $0
- Deferred
- $86,266
- Nontaxable benefits
- $45,204
- Filer's total
- $353,922
-
Edward SofieldEDWARD SOFIELD
EXEC BOARD
- Total calculated
- $2,789
- From this org
- $2,789
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
Dennis F CroninDENNIS F CRONIN
EXEC BOARD
- Total calculated
- $2,789
- From this org
- $2,789
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
Joseph SherryJOSEPH SHERRY
FORMER EXEC BOARD
- Total calculated
- $2,789
- From this org
- $2,789
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
Andrew BrysANDREW BRYS
VICE PRESIDENT
- Total calculated
- $1,858
- From this org
- $1,858
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
Catherine GallagherCATHERINE GALLAGHER
FORMER EXEC BOARD
- Total calculated
- $2,510
- From this org
- $2,510
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
Michael BlackMICHAEL BLACK
RECORDING SECRETARY
- Total calculated
- $3,719
- From this org
- $3,719
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
Richard Shine JrRICHARD SHINE JR
EXEC BOARD
- Total calculated
- $4,358
- From this org
- $4,358
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
Ricky CarrRICKY CARR
EXEC BOARD
- Total calculated
- $2,789
- From this org
- $2,789
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
Timothy McMahonTIMOTHY MCMAHON
EXEC BOARD
- Total calculated
- $9,936
- From this org
- $9,936
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
Warren SmithWARREN SMITH
TREASURER
- Total calculated
- $8,419
- From this org
- $8,419
- From related orgs
- $0
- Other
- $0
- Hours/week
- 6
-
Bryan WithamBRYAN WITHAM
EXEC BOARD
- Total calculated
- $2,741
- From this org
- $2,741
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
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.
-
NEW BRUNSWICK ELECTRICIANS CLUB INC
501(C)(2) · HOLDING CORPORATION LEASES OFFICE SPACE TO THE LOCAL UNION · NJ
-
501(C)(3) · TO PROVIDE EDUCATION BENEFITS TO THE JATC'S PARTICIPANTS. · NJ
-
HEALTH & WELFARE FUND LOCAL 456 IBEW
501(C)(9) · TO PROVIDE HEALTH AND WELFARE BENEFITS TO THE PARTICIPANTS. · NJ
-
IBEW LOCAL 456 ELECTRICIANS ANNUITY FUND
401(A) · TO PROVIDE ANNUITY BENEFITS TO THE PARTICIPANTS. · NJ
-
IBEW LOCAL 456 PENSION FUND
401(A) · TO PROVIDE PENSION BENEFITS TO THE PARTICIPANTS. · NJ
-
IBEW LOCAL 456 SUPPLEMENTAL WELFARE FUND
501(C)(9) · TO PROVIDE SUPPLEMENTAL WELFARE BENEFITS TO THE PARTICIPANTS. · NJ
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 24 March 2023
- IRS schema version
- 2022v5.0
- Source object
- 202310839349301116
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