Ibew Local Union 614

Not tax-deductible

Newtown Sq, PA501(c)(5)EIN 04-3817744

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Organized Local labor Union affiliated with the international brotherhood of electrical workers

$409K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(5)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $15K a year · 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$409K
to officers and key staff · 28% of spending
Worth a look: pay to officers and key staff is 28% of spending; over 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$20K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
+11% vs prior year
Spent
$1.5M
Net assets
$692K
By yearFY2020–FY2024
Revenue
$1.4M
FY2024▲ +11%
Revenue by fiscal year
FY2020$1.2M
FY2021$1.1M
FY2022$1.2M
FY2023$1.3M
FY2024$1.4M
Expenses
$1.5M
FY2024▲ +2%
Expenses by fiscal year
FY2020$1.1M
FY2021$1.1M
FY2022$1.1M
FY2023$1.4M
FY2024$1.5M
Net assets
$692K
FY2024▼ -10%
Net assets by fiscal year
FY2020$880K
FY2021$903K
FY2022$953K
FY2023$769K
FY2024$692K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1940.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

12 people listed on the 990; $409K paid to officers and key staff.

Part VII, Section A · reportable compensation
President/Business Manager
$267,731Pt VII · Sec A
Financial Secretary
$22,324Pt VII · Sec A
$22,324Pt VII · Sec A
Vice President/Business Ag
$22,324Pt VII · Sec A
Executive Board
$14,882Pt VII · Sec A
Recording Secretary
$14,882Pt VII · Sec A
Executive Board
$7,441Pt VII · Sec A
Executive Board
$7,441Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Lawrence Anastasi$267,731$246,864$239,068$233,017$223,898
Joseph Marcavage———$30,305$23,080
Augustine Scafidi$22,324$28,892$21,954$17,345$13,942
Daniel Holland$22,324$27,341$10,002——
Brendan Clemmer$22,324$23,417$18,855——
Joseph Weber———$23,267$20,180
James Glenn$14,882$19,541———
Timothy McGuire———$19,031$1,329

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Ibew Local Union 614 executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Organizes local electrical workers to advocate for fair wages and working conditions.

Provided by the organization

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1 program · in their own filed words · FY2024
01

The local union represents approximately 1550 workers in the electrical industry in collective bargaining, arbitrations and other labor negotiations.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Gifts and grantsLn 1h$1.3M
Investment incomeLn 3$65K
Other incomeLn 4–11$1K
Money outPt IX
$1.5M
Ln 25
Owns and owesPt X
$692K
net assets · Ln 32
Cash and savingsLn 1–2$34K
Total assetsLn 16$712K
LiabilitiesLn 26$20K
PeoplePt VI, VII
12
listed · VII A
PaidVII A12
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Investment incomeLn 3$65K
Other incomeLn 4–11$1K
Gains on assetsLn 7$43K
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$22K
SavingsLn 2$11K
Cash and savings togetherLn 1–2$34K
InvestmentsLn 11–13$667K
Land, buildings, equipmentLn 10c$12K
Total assetsLn 16$712K
LiabilitiesLn 26$20K
Net assetsLn 32$692K
OperationsPt I, VI
EmployeesI 529
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$60K$34K
InvestmentsLn 11–13$708K$667K
Land, buildings, equipmentLn 10c$11K$12K
Total assetsLn 16$779K$712K
LiabilitiesLn 26$10K$20K
Net assetsLn 32$769K$692K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$29K
Pay of current officers, directors and key staffLn 5$409K
Other salaries and wagesLn 7$498K
Pension plan contributionsLn 8$2K
Other employee benefitsLn 9$20K
Payroll taxesLn 10$71K
Legal feesLn 11b$243K
Accounting feesLn 11c$17K
Investment management feesLn 11f$2K
Other fees for servicesLn 11g$5K
Office expensesLn 13$8K
Information technologyLn 14$58K
OccupancyLn 16$39K
TravelLn 17$5K
Conferences, conventions and meetingsLn 19$46K
InterestLn 20$5
Depreciation, depletion and amortizationLn 22$4K
InsuranceLn 23$3K
Other expenses (24a–d)Ln 24$19K
Total functional expensesLn 25$1.5M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.4M$1.5M−$77K$692K 990 PDF
FY2023 $1.3M$1.4M−$185K$769K 990 PDF
FY2022 $1.2M$1.1M$51K$953K 990 PDF
FY2021 $1.1M$1.1M$23K$903K 990 PDF
FY2020 $1.2M$1.1M$112K$880K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (5 parts)
Part I · Summary $1,402,562 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,245,534$1,336,641
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $14,377$64,829
I-11 Other revenuePrior year $2,476$1,092
I-12 Total revenuePrior year $1,262,387$1,402,562
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $51,052$29,256
I-15 Salaries and benefitsPrior year $1,009,926$1,000,421
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $385,949$449,841
I-18 Total expensesPrior year $1,446,927$1,479,518
I-19 Revenue less expensesPrior year −$184,540−$76,956
Part VIII · Statement of revenue $1,402,562 across 7 lines filed
VIII-1b Membership dues$1,321,641
VIII-1f All other contributions, gifts and grants$15,000
VIII-1h Total contributions, gifts and grants$1,336,641
VIII-3 Investment incomeExcluded from tax $21,445$21,445
VIII-7 Net gain or loss on sales of assetsExcluded from tax $43,384$43,384
VIII-8 Net income from fundraising eventsExcluded from tax $1,092$1,092
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $65,921$1,402,562
Part IX · Statement of functional expenses $1,479,518 across 19 lines filed
IX-4 Benefits paid to or for members$29,256
IX-5 Pay of current officers, directors and key staff$409,113
IX-7 Other salaries and wages$497,961
IX-8 Pension plan contributions$2,229
IX-9 Other employee benefits$20,381
IX-10 Payroll taxes$70,737
IX-11b Legal fees$243,362
IX-11c Accounting fees$16,865
IX-11f Investment management fees$2,007
IX-11g Other fees for services$5,463
IX-13 Office expenses$8,098
IX-14 Information technology$58,223
IX-16 Occupancy$39,271
IX-17 Travel$5,106
IX-19 Conferences, conventions and meetings$45,694
IX-20 Interest$5
IX-22 Depreciation, depletion and amortization$4,172
IX-23 Insurance$2,600
IX-24 Other expenses (24a–d)$18,975
IX-25 Total functional expenses$1,479,518
Part X · Balance sheet $712,307 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $31,842$22,285
X-2 Savings and temporary cash investmentsStart of year $28,462$11,378
X-10c Land, buildings and equipment, netStart of year $10,527$11,695
X-11 Publicly traded securitiesStart of year $708,485$666,949
X-16 Total assetsStart of year $779,316$712,307
X-25 Other liabilitiesStart of year $10,433$20,380
X-26 Total liabilitiesStart of year $10,433$20,380
X-32 Total net assets or fund balancesStart of year $768,883$691,927
X-33 Total liabilities and net assetsStart of year $779,316$712,307
Part XI · Reconciliation of net assets $691,927 net assets at year end
XI-1 Total revenue$1,402,562
XI-2 Total expenses$1,479,518
XI-3 Revenue less expenses−$76,956
XI-4 Net assets at start of year$768,883
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$691,927

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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