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Nonprofiteer
← INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS

Form 990 for tax year 2022

Filed by INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS.

Totals

Total revenue
$4,290,319
Total expenses
$2,619,996
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,039,683
Investment income
$166,533
Other revenue
$84,103
Total assets, end of year
$9,238,271
Total liabilities, end of year
$117,131
Net assets or fund balances, end of year
$9,121,140
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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: MEMBERSHIP DUES AND FEES

    total $4,039,683 · related or exempt $4,039,683

  • 3 · Investment income

    total $83,336 · related or exempt $83,336

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $431,464 · other assets $46,774

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

    securities $365,213 · other assets $29,828

  • 7c · Gain or loss

    securities $66,251 · other assets $16,946

  • 7d · Net gain or loss

    total $83,197 · related or exempt $83,197

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: MERCHANDISE SALES

    total $65,785 · related or exempt $65,785

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $18,318 · related or exempt $18,318

  • 11c · Other revenue: JAMES D BRYAN MEMORIAL FUND

  • 11e · Other revenue, total

    $84,103

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $191,135

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $604,667

  • 8 · Pension plan contributions

    total $139,508

  • 9 · Other employee benefits

    total $130,526

  • 10 · Payroll taxes

    total $67,785

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $125,563

  • 11c · Fees: accounting

    total $36,515

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $31,480

  • 13 · Office expenses

    total $150,508

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $108,007

  • 17 · Travel

    total $4,512

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $79,460

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $37,534

  • 23 · Insurance

    total $39,832

  • 24a · Other expenses: BUILDING CONTRIBUTION

    total $283,685

  • 24b · Other expenses: MERCHANDISE

    total $216,523

  • 24c · Other expenses: AFFILIATIONS

    total $94,996

  • 24d · Other expenses: DONATIONS

    total $86,737

  • 24e · All other expenses

    total $191,023

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $645,659 · end of year $1,120,595

  • 2 · Savings and temporary cash investments

    beginning of year $5,067,685 · end of year $6,114,453

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

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

    $279,535

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

    $123,628

  • 10c · Land, buildings and equipment, net

    beginning of year $80,135 · end of year $155,907

  • 11 · Investments: publicly traded securities

    beginning of year $1,759,024 · end of year $1,847,316

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $4,725 · end of year $0

  • 25 · Other liabilities

    beginning of year $106,411 · end of year $117,131

  • 27 · Net assets without donor restrictions

    beginning of year $7,433,418 · end of year $9,101,285

  • 28 · Net assets with donor restrictions

    beginning of year $17,399 · end of year $19,855

Mission and programs · 2022

Mission

To organize all electricians in the jurisdiction of IBEW Local 347 so that all workers within the industry enjoy the moral, economic, political, and social benefits of IBEW membership; thus assuring each worker the opportunity to work, live, participate, and retire with dignity and respect.

  • ORGANIZED OVER 2,200 ELECTRICIANS LOCATED IN THE IBEW LOCAL 347 JURISDICTION AND PROVIDED MORAL, ECONOMIC, POLITICAL, AND SOCIAL SUPPORT THROUGH INDUSTRY PROMOTION, JOB PLACEMENT, WAGE NEGOTIATIONS, GRIEVANCE MATTERS, AND COLLECTIVE BARGAINING SERVICES.

As filed on the 2022 return.

Listed in Part VII

  • PATRICK WELLS

    Business Mgr

    Total calculated
    $155,578
    From this org
    $113,877
    From related orgs
    $0
    Other
    $41,701
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $113,877
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $41,701
    Filer's total
    $155,578

  • CHAD LOWE

    President

    Total calculated
    $15,380
    From this org
    $10,843
    From related orgs
    $0
    Other
    $4,537
    Hours/week
    1

  • BEN DUKE

    EXECUTIVE BOARD

    Total calculated
    $6,547
    From this org
    $4,577
    From related orgs
    $0
    Other
    $1,970
    Hours/week
    1

  • MIKE JONES

    Executive Board

    Total calculated
    $5,864
    From this org
    $4,068
    From related orgs
    $0
    Other
    $1,796
    Hours/week
    1

  • BRONSON WEESE

    EXECUTIVE BOARD

    Total calculated
    $3,022
    From this org
    $2,122
    From related orgs
    $0
    Other
    $900
    Hours/week
    1

  • MATT DEANGELO

    Secretary

    Total calculated
    $1,860
    From this org
    $1,212
    From related orgs
    $0
    Other
    $648
    Hours/week
    1

  • RICHARD CHUMBLEY

    Vice President

    Total calculated
    $1,489
    From this org
    $1,048
    From related orgs
    $0
    Other
    $441
    Hours/week
    1

  • NATE FRIESEN

    EXECUTIVE BOARD

    Total calculated
    $1,395
    From this org
    $970
    From related orgs
    $0
    Other
    $425
    Hours/week
    1

  • JOHN STAHOWICK

    EXECUTIVE BOARD

    Total calculated
    $0
    Hours/week
    1

  • STEPHEN COXE

    EXECUTIVE BOARD

    Total calculated
    $0
    Hours/week
    1

  • KYLE OVERTON

    Treasurer

    Total calculated
    $0
    Hours/week
    1

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.

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
2022
Filed
2 May 2023
IRS schema version
2022v5.0
Source object
202301229349300145

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