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Nonprofiteer
← INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS

Form 990 for tax year 2024

Filed by INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS.

Totals

Total revenue
$15,193,220
Total expenses
$6,033,446
Contributions and grants received
$0
Grants paid
$492,887
Program service revenue
$12,381,588
Investment income
$2,442,418
Other revenue
$369,214
Total assets, end of year
$57,398,327
Total liabilities, end of year
$54,800
Net assets or fund balances, end of year
$57,343,527
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 $11,176,745 · related or exempt $11,176,745

  • 2b · Program service revenue: ADMINISTRATIVE INCOME

    total $531,816 · related or exempt $531,816

  • 2c · Program service revenue: COPE INCOME

    total $344,180 · related or exempt $344,180

  • 2d · Program service revenue: BROTHERHOOD INCOME

    total $250,283 · related or exempt $250,283

  • 2e · Program service revenue: PER CAPITA

    total $71,956 · related or exempt $71,956

  • 2f · All other program service revenue

    total $6,608 · related or exempt $6,608

  • 3 · Investment income

    total $2,368,018 · excluded $2,368,018

  • 6a · Gross rents

    real property $11,173

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $11,173

  • 6d · Net rental income or loss

    total $11,173 · excluded $11,173

  • 7a · Gross sales of assets other than inventory

    securities $3,911,151 · other assets $73,500

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

    securities $3,883,131 · other assets $27,120

  • 7c · Gain or loss

    securities $28,020 · other assets $46,380

  • 7d · Net gain or loss

    total $74,400 · excluded $74,400

  • 10a · Gross sales of inventory

    $56,986

  • 10b · Cost of goods sold

    $62,658

  • 10c · Net income from sales of inventory

    total -$5,672 · excluded -$5,672

  • 11a · Other revenue: LITIGATION SETTLEMENTS

    total $257,305 · related or exempt $257,305

  • 11b · Other revenue: MISCELLANOUS INCOME

    total $51,780 · related or exempt $51,780

  • 11c · Other revenue: CREDIT CARD/POSTAGE FEES

    total $36,401 · related or exempt $36,401

  • 11d · All other revenue

    total $18,227 · related or exempt $18,227

  • 11e · Other revenue, total

    $363,713

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $492,887

  • 4 · Benefits paid to or for members

    total $101,066

  • 5 · Compensation of officers, directors and key employees

    total $1,683,082

  • 7 · Other salaries and wages

    total $1,451,153

  • 8 · Pension plan contributions

    total $435,724

  • 9 · Other employee benefits

    total $285,131

  • 10 · Payroll taxes

    total $199,909

  • 11b · Fees: legal

    total $183,323

  • 11c · Fees: accounting

    total $65,282

  • 11f · Fees: investment management

    total $54,525

  • 11g · Fees: other

    total $3,812

  • 12 · Advertising and promotion

    total $39,394

  • 13 · Office expenses

    total $233,631

  • 14 · Information technology

    total $49,811

  • 16 · Occupancy

    total $170,828

  • 17 · Travel

    total $91,836

  • 19 · Conferences, conventions and meetings

    total $95,826

  • 21 · Payments to affiliates

    total $38,042

  • 22 · Depreciation, depletion and amortization

    total $187,259

  • 23 · Insurance

    total $91,332

  • 24a · Other expenses: JOB RECOVERY AWARDS

    total $36,500

  • 24b · Other expenses: JOB RECOVERY MISC

    total $29,588

  • 24c · Other expenses: DUES REFUND

    total $11,587

  • 24d · Other expenses: CONTRACTOR ALLOCATION

    total $1,918

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,540,717 · end of year $2,651,652

  • 2 · Savings and temporary cash investments

    beginning of year $9,550,339 · end of year $4,684,827

  • 9 · Prepaid expenses and deferred charges

    end of year $54,800

  • 10a · Land, buildings and equipment: cost or other basis

    $2,073,084

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,022,879

  • 10c · Land, buildings and equipment, net

    beginning of year $1,016,724 · end of year $1,050,205

  • 11 · Investments: publicly traded securities

    beginning of year $34,082,233 · end of year $48,956,843

  • 15 · Other assets

    beginning of year $5,424

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,684 · end of year $38,167

  • 25 · Other liabilities

    beginning of year $0 · end of year $16,633

  • 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 $48,183,753 · end of year $57,343,527

Mission and programs · 2024

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 2024 return.

Listed in Part VII

  • Benjamin Frey

    EXECUTIVE BOARD

    Total calculated
    $350
    From this org
    $350
    From related orgs
    $0
    Other
    $0
    Hours/week
    2
  • Craig Bruse Jr

    EXAMINING BOARD

    Total calculated
    $200
    From this org
    $200
    From related orgs
    $0
    Other
    $0
    Hours/week
    2
  • Jason Acree

    CHAIRMAN

    Total calculated
    $296,779
    From this org
    $210,406
    From related orgs
    $0
    Other
    $86,373
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,406
    Bonus
    $0
    Other
    $0
    Deferred
    $62,153
    Nontaxable benefits
    $24,220
    Filer's total
    $296,779
  • Joseph Martin III

    EXECUTIVE BOARD

    Total calculated
    $500
    From this org
    $500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2
  • Joshua Raffle

    EXAMINING BOARD

    Total calculated
    $100
    From this org
    $100
    From related orgs
    $0
    Other
    $0
    Hours/week
    2
  • Michael Simmonds

    EXAMINING BOARD/MEMBERSHIP (P)

    Total calculated
    $165,663
    From this org
    $141,741
    From related orgs
    $0
    Other
    $23,922
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,741
    Bonus
    $0
    Other
    $0
    Deferred
    $17,014
    Nontaxable benefits
    $6,908
    Filer's total
    $165,663
  • Patrick Casey

    EXECUTIVE BOARD

    Total calculated
    $2,150
    From this org
    $2,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    2
  • Steve Kuncelman

    EXECUTIVE BOARD

    Total calculated
    $450
    From this org
    $450
    From related orgs
    $0
    Other
    $0
    Hours/week
    2
  • Steve Pankowski

    EXECUTIVE BOARD

    Total calculated
    $777
    From this org
    $777
    From related orgs
    $0
    Other
    $0
    Hours/week
    2
  • Thomas Mannon

    EXECUTIVE BOARD

    Total calculated
    $300
    From this org
    $300
    From related orgs
    $0
    Other
    $0
    Hours/week
    2
  • Wallace Kidd

    EXECUTIVE BOARD

    Total calculated
    $500
    From this org
    $500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2
  • Paul Semon

    EXAMINING BOARD

    Total calculated
    $250,692
    From this org
    $172,226
    From related orgs
    $0
    Other
    $78,466
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,226
    Bonus
    $0
    Other
    $0
    Deferred
    $54,246
    Nontaxable benefits
    $24,220
    Filer's total
    $250,692
  • Charles A Elliot V

    TREASURER/BUS. REP

    Total calculated
    $281,243
    From this org
    $198,881
    From related orgs
    $0
    Other
    $82,362
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,881
    Bonus
    $0
    Other
    $0
    Deferred
    $58,142
    Nontaxable benefits
    $24,220
    Filer's total
    $281,243
  • Christopher Wentzel

    VICE PRESIDENT/ ASST. BUS.

    Total calculated
    $293,782
    From this org
    $207,409
    From related orgs
    $0
    Other
    $86,373
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $207,409
    Bonus
    $0
    Other
    $0
    Deferred
    $62,153
    Nontaxable benefits
    $24,220
    Filer's total
    $293,782
  • Richard Muttik

    BUSINESS MANAGER/ FIN. SEC

    Total calculated
    $348,642
    From this org
    $251,380
    From related orgs
    $0
    Other
    $97,262
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $251,380
    Bonus
    $0
    Other
    $0
    Deferred
    $73,042
    Nontaxable benefits
    $24,220
    Filer's total
    $348,642
  • Steve Lutz

    RECORDING SECRETARY

    Total calculated
    $100
    From this org
    $100
    From related orgs
    $0
    Other
    $0
    Hours/week
    2
  • Bernie Kephart

    ASST. BUSINESS MANAGER

    Total calculated
    $291,139
    From this org
    $204,766
    From related orgs
    $0
    Other
    $86,373
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $204,766
    Bonus
    $0
    Other
    $0
    Deferred
    $62,153
    Nontaxable benefits
    $24,220
    Filer's total
    $291,139
  • Gabriel Iannozzi

    BUSINESS REP.

    Total calculated
    $205,703
    From this org
    $127,898
    From related orgs
    $0
    Other
    $77,805
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,898
    Bonus
    $0
    Other
    $0
    Deferred
    $53,585
    Nontaxable benefits
    $24,220
    Filer's total
    $205,703
  • Christopher Smitley

    BUS. REP.

    Total calculated
    $292,037
    From this org
    $205,664
    From related orgs
    $0
    Other
    $86,373
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,664
    Bonus
    $0
    Other
    $0
    Deferred
    $62,153
    Nontaxable benefits
    $24,220
    Filer's total
    $292,037
  • Christopher Vandegrift

    BUS. REP.

    Total calculated
    $291,674
    From this org
    $205,301
    From related orgs
    $0
    Other
    $86,373
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,301
    Bonus
    $0
    Other
    $0
    Deferred
    $62,153
    Nontaxable benefits
    $24,220
    Filer's total
    $291,674
  • Joshua Manges

    BUSINESS REP.

    Total calculated
    $253,010
    From this org
    $174,544
    From related orgs
    $0
    Other
    $78,466
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,544
    Bonus
    $0
    Other
    $0
    Deferred
    $54,246
    Nontaxable benefits
    $24,220
    Filer's total
    $253,010

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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202543179349305434

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