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Nonprofiteer
← INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS

Form 990 for tax year 2023

Filed by INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS.

Totals

Total revenue
$73,612,269
Total expenses
$82,944,693
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$66,652,533
Investment income
$5,278,785
Other revenue
$1,680,951
Total assets, end of year
$187,903,094
Total liabilities, end of year
$1,568,293
Net assets or fund balances, end of year
$186,334,801
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: CONTRACTOR CONTRIBUTION

    total $65,029,796 · related or exempt $65,029,796

  • 2b · Program service revenue: MEMBER SELF-PAYMENTS

    total $1,622,737 · related or exempt $1,622,737

  • 3 · Investment income

    total $5,161,200 · excluded $5,161,200

  • 7a · Gross sales of assets other than inventory

    securities $76,567,505

  • 7b · Less cost or other basis and sales expenses

    securities $76,449,920

  • 7c · Gain or loss

    securities $117,585

  • 7d · Net gain or loss

    total $117,585 · excluded $117,585

  • 11a · Other revenue: REBATE REIMBURSEMENT

    total $1,475,030 · related or exempt $1,475,030

  • 11b · Other revenue: STOP LOSS REIMBURSEMENTS

    total $205,921 · related or exempt $205,921

  • 11e · Other revenue, total

    $1,680,951

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $78,877,548

  • 11a · Fees: management

    total $730,286

  • 11b · Fees: legal

    total $91,089

  • 11c · Fees: accounting

    total $41,000

  • 11f · Fees: investment management

    total $297,509

  • 11g · Fees: other

    total $2,823,727

  • 13 · Office expenses

    total $41,376

  • 23 · Insurance

    total $13,092

  • 24a · Other expenses: ACA PATIENT - RESEARCH

    total $25,053

  • 24b · Other expenses: ERTS FEES

    total $2,480

  • 24c · Other expenses: DUES

    total $1,533

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,732,107 · end of year $4,948,852

  • 4 · Accounts receivable

    beginning of year $6,601,305 · end of year $6,296,560

  • 11 · Investments: publicly traded securities

    beginning of year $171,220,895 · end of year $173,033,400

  • 15 · Other assets

    beginning of year $2,705,186 · end of year $3,624,282

  • 17 · Accounts payable and accrued expenses

    beginning of year $299,620 · end of year $370,788

  • 25 · Other liabilities

    beginning of year $1,283,076 · end of year $1,197,505

  • 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 $182,676,797 · end of year $186,334,801

Mission and programs · 2023

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO PARTICIPANTS COVERED UNDER THE COLLECTIVE BARAGAINING AGREEMENT.

Activities or mission (Part I)

TO PROVIDE MEDICAL AND OTHER RELATED TYPE BENEFITS.

  • TO PROVIDE HEALTH AND WELFARE BENEFITS TO PARTICIPANTS.

As filed on the 2023 return.

Listed in Part VII

  • James Estabrook

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Christopher Bioletti

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Stanley Jaworski

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Daniel Gumble

    UNION TRUSTEE

    Total calculated
    $415,144
    From this org
    $0
    From related orgs
    $258,973
    Other
    $156,171
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $258,973 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $79,366 related
    Nontaxable benefits
    $0 + $76,805 related
    Filer's total
    $0 + $415,144 related

  • Tom Johnston

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Terry Craig

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tom Sullivan

    UNION TRUSTEE

    Total calculated
    $360,643
    From this org
    $0
    From related orgs
    $225,393
    Other
    $135,250
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $225,393 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $68,734 related
    Nontaxable benefits
    $0 + $66,516 related
    Filer's total
    $0 + $360,643 related

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.

  • IBEW #164 ANNUITY FUND

    SECTION 401(A) · PROVIDE ANNUITY BENEFITS FOR LOCAL 164 MEMBERS · NJ

  • IBEW #164 PENSION FUND

    SECTION 401(A) · PROVIDE PENSION BENEFITS FOR LOCAL 164 MEMBERS · NJ

  • IBEW #164 APPRENTICESHIP FUND

    SECTION 501(C)(3) · PROVIDE ELECTRICAL TRAINING FOR LOCAL 164 MEMBERS · NJ

  • IBEW #164 LMCC

    SECTION 501(C)(5) · PROVIDE DRUG TESTING SERVICES FOR LOCAL 164 MEMBERS · NJ

  • IBEW LOCAL UNION #164

    SECTION 501(C)(5) · PROMOTE THE WELL BEING OF MEMBERS BY PROVIDING A VARIETY OF PROGRAMS/SERVICE · NJ

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202403179349303605

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