Overview
What is Intl Brotherhood Of Electrical Workers Local 340?
Intl Brotherhood of Electrical Workers Local 340 serves as the collective bargaining agent for employees working in union shops within the related industry. Based in Sacramento, California, the nonprofit primarily generates income through membership dues and initiation fees. The local union operates a hiring hall, advocates for workers' rights, and negotiates compensation on behalf of its members. With a team of 33 individuals, Intl Brotherhood of Electrical Workers Local 340 is committed to supporting its members and promoting fair labor practices within the electrical industry.
Is Intl Brotherhood Of Electrical Workers Local 340 legitimate?
Intl Brotherhood Of Electrical Workers Local 340 is a legitimate nonprofit organization registered as a 501(c)(5) entity. Intl Brotherhood Of Electrical Workers Local 340 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: $1,072,876
Professional Fundraising Fees: $0
Other Salaries and Wages: $400,992
For more financial information, click here
What is the mission statement of Intl Brotherhood Of Electrical Workers Local 340?
The International Brotherhood of Electrical Workers Local 340 serves as the collective bargaining agent for employees in related industries, primarily through union shops. The majority of its income is derived from membership dues and initiation fees. The local union operates a hiring hall, actively organizes workers, and negotiates compensation for its members. Its primary role is to advocate for and support the employment rights and fair compensation of its members.
What is the revenue of Intl Brotherhood Of Electrical Workers Local 340?
Intl Brotherhood Of Electrical Workers Local 340's revenue in 2024 was $7,266,089.
Who are the executives of Intl Brotherhood Of Electrical Workers Local 340 and what are their salaries?
The average compensation at Intl Brotherhood Of Electrical Workers Local 340 during 2024 was $52,638. There are 28 employees at Intl Brotherhood Of Electrical Workers Local 340.
Here are 23 key members and their salaries:
- Compensation: $132,522
- Related: $0
- Other: $52,467
- Compensation: $116,634
- Related: $0
- Other: $52,467
- Compensation: $116,634
- Related: $0
- Other: $52,467
- Compensation: $116,634
- Related: $0
- Other: $52,467
- Compensation: $116,634
- Related: $0
- Other: $52,467
- Compensation: $106,021
- Related: $0
- Other: $52,467
- Compensation: $79,974
- Related: $0
- Other: $46,073
- Compensation: $82,030
- Related: $0
- Other: $37,335
- Compensation: $74,330
- Related: $0
- Other: $37,560
- Compensation: $11,494
- Related: $0
- Other: $2,774
- Compensation: $4,463
- Related: $0
- Other: $0
- Compensation: $4,395
- Related: $0
- Other: $0
- Compensation: $4,180
- Related: $0
- Other: $0
- Compensation: $3,545
- Related: $0
- Other: $0
- Compensation: $3,275
- Related: $0
- Other: $0
- Compensation: $2,738
- Related: $0
- Other: $0
- Compensation: $2,738
- Related: $0
- Other: $0
- Compensation: $2,738
- Related: $0
- Other: $0
- Compensation: $2,738
- Related: $0
- Other: $0
- Compensation: $2,191
- Related: $0
- Other: $0
- Compensation: $1,366
- Related: $0
- Other: $0
- Compensation: $1,109
- Related: $0
- Other: $0
- Compensation: $732
- Related: $0
- Other: $0
Where can I find the form 990 for Intl Brotherhood Of Electrical Workers Local 340?
Intl Brotherhood Of Electrical Workers Local 340's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Intl Brotherhood Of Electrical Workers Local 340
The International Brotherhood of Electrical Workers Local 340 serves as the collective bargaining agent for individuals employed by union shops within the related industry. Acting as a member-supported organization, the primary source of income for the Local Union comes from dues and initiation fees. The International Brotherhood of Electrical Workers Local 340 operates a hiring hall, dedicates its efforts towards organizing workers, and negotiates compensation for its members. By doing so, it ensures fair treatment and remuneration for the individuals it represents.
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Impact
October, 2024
The International Brotherhood of Electrical Workers Local 340 plays a significant role in advocating for the rights and interests of employees in the electrical industry. As a collective bargaining agent, it represents workers employed by union shops, providing them with a unified voice in negotiations with employers.
By operating a hiring hall, Local 340 ensures that its members have access to job opportunities, helping to streamline the employment process in the industry. This enhances job security and promotes fair employment practices for union members. Additionally, the union organizes workers, fostering solidarity and collective action, which can lead to improved working conditions and higher wages.
The organization also negotiates compensation, allowing members to achieve better salaries and benefits than they might be able to secure individually. Through these efforts, Local 340 enhances the economic well-being of its members and strengthens the electrical workforce in Sacramento, CA, creating a more equitable labor market.
This information is meant to be a general summary of Intl Brotherhood Of Electrical Workers Local 340. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $128,200
- Program Service Revenue: $7,093,027
- Gross Receipts: $8,521,916
Assets and Liabilities:
- Total Assets: $10,752,798
- Total Liabilities: $1,416,994
- Net Assets: $9,335,804
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership Dues & Assessments
Revenue
$6,963,193
OTHER INCOME
Revenue
$246
WAGE REIMBURSEMENTS
Revenue
$129,588
Organization Details
Founding Year
1902
Principal Officer
Robert Ward
NTEE Category
Code: J40 - Employment
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