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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
$1,130,461
Total expenses
$1,135,550
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$858,040
Investment income
$192,987
Other revenue
$79,434
Total assets, end of year
$2,726,137
Total liabilities, end of year
$9,516
Net assets or fund balances, end of year
$2,716,621
Program services expenses (Part IX)
$908,993
Management and general expenses
$226,557
Fundraising expenses
$0
Program service expenses (Part III)
$908,993

Program services were 80.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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: WORKING DUES

    total $588,628 · related or exempt $588,628

  • 2b · Program service revenue: TARGET FUND PORTION OF

    total $136,772 · related or exempt $136,772

  • 2c · Program service revenue: MEMBER DUES

    total $132,640 · related or exempt $132,640

  • 3 · Investment income

    total $53,964 · excluded $53,964

  • 7a · Gross sales of assets other than inventory

    securities $240,000

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

    securities $100,977

  • 7c · Gain or loss

    securities $139,023

  • 7d · Net gain or loss

    total $139,023 · related or exempt $139,023

  • 8a · Fundraising events: gross income

    $1,848

  • 8b · Fundraising events: direct expenses

    $390

  • 8c · Net income from fundraising events

    total $1,458 · excluded $1,458

  • 11a · Other revenue: REIMBURSEMENT

    total $76,059 · related or exempt $76,059

  • 11b · Other revenue: MISC/OTHER

    total $1,917 · related or exempt $1,917

  • 11e · Other revenue, total

    $77,976

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $320,670 · program services $320,670

  • 7 · Other salaries and wages

    total $107,933 · management and general $107,933

  • 8 · Pension plan contributions

    total $159,525 · program services $128,276 · management and general $31,249

  • 9 · Other employee benefits

    total $85,876 · program services $62,076 · management and general $23,800

  • 10 · Payroll taxes

    total $39,107 · program services $29,259 · management and general $9,848

  • 11b · Fees: legal

    total $963 · management and general $963

  • 11c · Fees: accounting

    total $13,500 · management and general $13,500

  • 11g · Fees: other

    total $2,339 · management and general $2,339

  • 13 · Office expenses

    total $12,029 · management and general $12,029

  • 14 · Information technology

    total $10,842 · management and general $10,842

  • 17 · Travel

    total $7,990 · program services $7,990

  • 19 · Conferences, conventions and meetings

    total $28,799 · program services $28,799

  • 21 · Payments to affiliates

    total $32,060 · program services $32,060

  • 22 · Depreciation, depletion and amortization

    total $19,240 · program services $19,240

  • 23 · Insurance

    total $2,760 · program services $2,760

  • 24a · Other expenses: PER CAPITA

    total $130,213 · program services $130,213

  • 24b · Other expenses: TARGET

    total $70,468 · program services $70,468

  • 24c · Other expenses: SOCIAL

    total $59,719 · program services $59,719

  • 24d · Other expenses: POLITICAL CONTRIBUTIONS

    total $15,450 · program services $15,450

  • 24e · All other expenses

    total $16,067 · program services $2,013 · management and general $14,054

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $180,462 · end of year $250,849

  • 2 · Savings and temporary cash investments

    beginning of year $2,073 · end of year $2,009

  • 7 · Other notes and loans receivable

    beginning of year $102,179 · end of year $102,179

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

    $115,544

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

    $96,197

  • 10c · Land, buildings and equipment, net

    beginning of year $38,588 · end of year $19,347

  • 11 · Investments: publicly traded securities

    beginning of year $2,069,295 · end of year $2,101,753

  • 15 · Other assets

    beginning of year $252,904 · end of year $250,000

  • 25 · Other liabilities

    beginning of year $3,220 · end of year $9,516

  • 27 · Net assets without donor restrictions

    beginning of year $2,642,281 · end of year $2,716,621

Mission and programs · 2023

Mission

TO PROMOTE THE MATERIAL AND INTELLECTUAL WELFARE OF ITS MEMBERS AND THEIR FAMILIES; TO SECURE ADEQUATE WAGES, WORKING CONDITIONS, AND OPPORTUNITIES OF EMPLOYMENT; TO ENCOURAGE ITS MEMBERS TO VOTE IN THE INTEREST OF OBTAINING HIGHER STANDARDS OF CITIZENSHIP; AND TO SECURE ADEQUATE LEGISLATION WHICH WILL PROMOTE PRINCIPLES OF FREE COLLECTIVE BARGAINING.

  • TO PROMOTE THE MATERIAL AND INTELLECTUAL WELFARE OF ITS MEMBERS AND THEIR FAMILIES; TO SECURE ADEQUATE WAGES, WORKING CONDITIONS, AND OPPORTUNITIES OF EMPLOYMENT; TO ENCOURAGE ITS MEMBERS TO VOTE IN THE INTEREST OF OBTAINING HIGHER STANDARDS OF CITIZENSHIP; AND TO SECURE ADEQUATE LEGISLATION WHICH WILL PROMOTE PRINCIPLES OF FREE COLLECTIVE BARGAINING.

    Expenses $908,993

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Burdette

    EXECUTIVE BOARD

    Total calculated
    $836
    From this org
    $836
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Leonard Corona

    EXECUTIVE BOARD

    Total calculated
    $1,386
    From this org
    $1,386
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • John Fenske

    EXECUTIVE BOARD

    Total calculated
    $748
    From this org
    $748
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • David Pietro

    EXECUTIVE BOARD

    Total calculated
    $0
    Hours/week
    2

  • Mark Fitzpatrick

    EXECUTIVE BOARD

    Total calculated
    $1,122
    From this org
    $1,122
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Eric Nutter

    PRIOR BUSINESS MANAGER

    Total calculated
    $138,283
    From this org
    $78,324
    From related orgs
    $0
    Other
    $59,959
    Hours/week
    50

  • Kevan Brown

    BUSINESS MANAGER

    Total calculated
    $241,615
    From this org
    $154,590
    From related orgs
    $0
    Other
    $87,025
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $154,590
    Bonus
    $0
    Other
    $0
    Deferred
    $60,317
    Nontaxable benefits
    $26,708
    Filer's total
    $241,615

  • Frank Redmond

    PRESIDENT

    Total calculated
    $900
    From this org
    $900
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Brian Kendziorski

    RECORDING SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Josh Smith

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Greg Serafini

    VICE PRESIDENT/ORGANIZER

    Total calculated
    $122,853
    From this org
    $82,764
    From related orgs
    $0
    Other
    $40,089
    Hours/week
    50

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

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

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

  • THE STRATFORD CORPORATION

    C · OWNER OF BUILDING · OH

  • IBEW LOCAL 246 PENSION PLAN

    T · DEFINED BENEFIT PLAN SPONSORED BY ORGANIZATION · OH

  • IBEW LOCAL 246 RETIREMENT PLAN

    T · DEFINED CONTRIBUTION PLAN SPONSORED BY ORGANIZATION · OH

  • STEUBENVILLE ELECTRICAL WELFARE PLAN

    T · HEALTH AND WELFARE FUND SPONSORED BY ORGANIZATION · OH

Provenance

Return type
form_990
Tax year
2023
Filed
22 October 2024
IRS schema version
2023v5.1
Source object
202403179349304530

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