Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $589,116

• 2a · Program service revenue: MEMBERSHIP DUES

  total $165,858,356 · related or exempt $165,858,356

• 2b · Program service revenue: ADMIN. REIMBURSEMENTS

  total $3,947,400 · excluded $3,947,400

• 2c · Program service revenue: CONFERENCE FEES

  total $2,855,774 · related or exempt $2,855,774

• 2d · Program service revenue: SPECIAL PROJECT INCOME

  total $936,638 · related or exempt $936,638

• 2e · Program service revenue: OTHER RELATED REVENUES

  total $781,486 · related or exempt $781,486

• 3 · Investment income

  total $13,134,466 · excluded $13,134,466

• 5 · Royalties

  total $621,020 · excluded $621,020

• 6a · Gross rents

  real property $356,393

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $356,393

• 6d · Net rental income or loss

  total $356,393 · excluded $356,393

• 7a · Gross sales of assets other than inventory

  securities $179,713,872 · other assets $769,408

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

  securities $177,550,020 · other assets $0

• 7c · Gain or loss

  securities $2,163,852 · other assets $769,408

• 7d · Net gain or loss

  total $2,933,260 · excluded $2,933,260

• 10a · Gross sales of inventory

  $1,333,760

• 10b · Cost of goods sold

  $1,219,298

• 10c · Net income from sales of inventory

  total $114,462 · related or exempt $114,462

• 11a · Other revenue: CURRENCY TRANSLATION

  total -$1,341,007 · excluded -$1,341,007

• 11e · Other revenue, total

  -$1,341,007

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,880,521

• 2 · Grants to domestic individuals

  total $31,700

• 3 · Grants to foreign organizations and individuals

  total $4,000

• 5 · Compensation of officers, directors and key employees

  total $7,345,256

• 7 · Other salaries and wages

  total $64,694,346

• 8 · Pension plan contributions

  total $5,936,530

• 9 · Other employee benefits

  total $24,502,351

• 10 · Payroll taxes

  total $10,885,049

• 11b · Fees: legal

  total $2,716,329

• 11c · Fees: accounting

  total $153,855

• 11f · Fees: investment management

  total $445,973

• 11g · Fees: other

  total $2,452,961

• 12 · Advertising and promotion

  total $18,551

• 13 · Office expenses

  total $3,284,839

• 16 · Occupancy

  total $8,876,604

• 17 · Travel

  total $7,575,592

• 19 · Conferences, conventions and meetings

  total $5,383,493

• 20 · Interest

  total $64,597

• 21 · Payments to affiliates

  total $7,724,424

• 22 · Depreciation, depletion and amortization

  total $5,207,217

• 23 · Insurance

  total $835,667

• 24a · Other expenses: "ELECTRICAL WORKERS" JO

  total $5,835,750

• 24b · Other expenses: DUES & SUBSCRIPTIONS

  total $1,456,264

• 24c · Other expenses: RELOCATION EXPENSE

  total $822,769

• 24d · Other expenses: TAXES

  total $413,944

• 24e · All other expenses

  total $604,854

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,303,456 · end of year $4,895,545

• 2 · Savings and temporary cash investments

  beginning of year $25,423,398 · end of year $41,372,662

• 4 · Accounts receivable

  beginning of year $12,078,600 · end of year $14,821,675

• 7 · Other notes and loans receivable

  beginning of year $20,400,500 · end of year $20,374,000

• 8 · Inventories for sale or use

  beginning of year $1,867,853 · end of year $2,177,270

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,293,876 · end of year $1,269,199

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

  $53,764,784

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

  $43,410,539

• 10c · Land, buildings and equipment, net

  beginning of year $13,394,130 · end of year $10,354,245

• 11 · Investments: publicly traded securities

  beginning of year $348,155,308 · end of year $359,105,174

• 12 · Investments: other securities

  beginning of year $223,776,434 · end of year $210,918,463

• 15 · Other assets

  beginning of year $15,536,883 · end of year $79,628,325

• 17 · Accounts payable and accrued expenses

  beginning of year $19,029,110 · end of year $13,730,232

• 19 · Deferred revenue

  beginning of year $12,646,235 · end of year $13,698,396

• 25 · Other liabilities

  beginning of year $102,918,384 · end of year $114,424,217

• 27 · Net assets without donor restrictions

  beginning of year $532,636,709 · end of year $603,063,713

The filer's explanations (Part III)

PART I, LINE 1A

THE UNION PROVIDES FIRST CLASS OR CHARTER SERVICE TRAVEL FOR THE INTERNATIONAL PRESIDENT AND INTERNATIONAL SECRETARY-TREASURER AND THEIR SPOUSES AS DEEMED NECESSARY TO CONDUCT OFFICIAL UNION BUSINESS. SPOUSAL TRAVEL COSTS ARE GROSSED UP FOR TAXES AND REPORTED AS COMPENSATION TO THE OFFICERS.

PART I, LINE 4B

PENSION BENEFITS AS PROVIDED BY THE INTERNATIONAL CONSTITUTION EXCEED THE IRS QUALIFIED COMPENSATION LIMITS AND ARE THEREFORE PROVIDED BY A SUPPLEMENTAL RETIREMENT PLAN ON BEHALF OF THE INTERNATIONAL PRESIDENT AND THE INTERNATIONAL SECRETARY-TREASURER IN THE AMOUNTS OF $20,500 AND $20,500, RESPECTIVELY.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• IBEW HEADQUARTERS BUILDING LLC

  INVESTMENT · RENTAL ACTIVITIES · DC · 99.99% owned · share of income -$3,041,432 · share of assets $99,818,627 · general or managing partner

  Directly controlled by IBEW

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• INDURE REAL ESTATE INVESTMENT TRUST INC

  C · INVESTMENT IN REAL ESTATE · DC · 41.46% owned · share of income -$7,796,095 · share of assets $105,985,748

  Directly controlled by IBEW PENSION BENEFIT FUND