International Brotherhood Of Electrical

Local Union No 714 Ibew

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 450223720 ✦ Minot, ND ✦ Designated as a 501(c)(5)

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Overview

What is International Brotherhood Of Electrical?

The International Brotherhood of Electrical (IBEW) is a nonprofit organization, specifically identified as Local Union No 714 IBEW. Based in Minot, North Dakota, their primary mission is to promote the material and intellectual well-being of their union members. This is achieved through various means, as indicated in the description. One of their significant initiatives is the Death Benefit Fund, which provides benefits to the beneficiaries of deceased union members. The organization, with a small workforce of eight employees, remains dedicated to supporting and uplifting its union members.


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Is International Brotherhood Of Electrical legitimate?

International Brotherhood Of Electrical is a legitimate nonprofit organization registered as a 501(c)(5) entity. International Brotherhood Of Electrical submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $707,023
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.local714.com

What is the mission statement of International Brotherhood Of Electrical?

The International Brotherhood of Electrical has a mission to enhance the material and intellectual well-being of its union members. This mission is carried out through appropriate means, demonstrating the organization's commitment to its member's overall welfare. Additionally, the International Brotherhood of Electrical operates a Death Benefit Fund, providing benefits to the beneficiaries of deceased union members.


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Who is the CEO of International Brotherhood Of Electrical?

Robert Wolf is the President of International Brotherhood Of Electrical.


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What is the revenue of International Brotherhood Of Electrical?

International Brotherhood Of Electrical's revenue in 2022 was $2,416,268.


Official website here: www.local714.com

Who are the executives of International Brotherhood Of Electrical and what are their salaries?

The average compensation at International Brotherhood Of Electrical during 2022 was $88,378. There are 8 employees at International Brotherhood Of Electrical.


Here are 11 key members and their salaries:


Anthony Webb (President)
  • Compensation: $119,161
  • Related: $0
  • Other: $27,823
Nathan Fagerland (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Burch (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Baker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aaron Lentz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wade Goldade (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Rakness (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Ratts (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Wolf (Business Manager)
  • Compensation: $130,553
  • Related: $0
  • Other: $28,260
Paul Cote (Recording Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Clay Nagel (Organizer)
  • Compensation: $117,474
  • Related: $0
  • Other: $27,727


Official website here: www.local714.com

Where can I find the form 990 for International Brotherhood Of Electrical?

International Brotherhood Of Electrical's most recent form 990 was submitted in 2022 and can be accessed here.


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Mission Statement of International Brotherhood Of Electrical

The International Brotherhood of Electrical, as a nonprofit organization, is committed to improving the material and intellectual well-being of its union members. This mission is carried out through various means, with the primary focus being on the welfare of its members. The organization also manages a Death Benefit Fund, which provides benefits to the beneficiaries of deceased union members. In essence, the International Brotherhood of Electrical is dedicated to enhancing the lives of its members, both materially and intellectually, and offering support to their families in times of loss.

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Impact




October, 2024

The International Brotherhood of Electrical significantly enhances the material and intellectual welfare of its members by advocating for better working conditions, fair wages, and access to training and educational resources. By offering support through programs like the death benefit fund, the organization ensures that the families of deceased union members receive necessary financial assistance. This emphasis on member support fosters a sense of community and solidarity among electricians, empowering them in their professional endeavors. The union's efforts also contribute to overall industry standards, making it crucial for advocating employment rights and improving job security within the electrical sector.




This information is meant to be a general summary of International Brotherhood Of Electrical. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$2,416,268 (2022)
Expenses
$1,803,849 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $640,439
  • Program Service Revenue: $1,738,961
  • Gross Receipts: $2,418,980

Assets and Liabilities:

  • Total Assets: $22,190,679
  • Total Liabilities: $0
  • Net Assets: $22,190,679

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBERSHIP DUES & ASSE

Revenue

$1,738,961

Organization Details

Founding Year

1932

Principal Officer

Robert Wolf

Main Address

PO BOX 1906, MINOT, ND, 587021906

NTEE Category

Code: J40 - Employment

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