INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS BUILDING CORPORATION

EIN: 237047500

DORCHESTER, MA

Total Revenue
$2,451,205
Total Expenses
$2,448,222
Total Assets
$16,286,146
Net Assets
$16,205,935
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
MA
Principal Officer
KEVIN W MONAHAN
Phone
6174365100
Tax Period
2024-01-01 to 2024-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS BUILDING CORPORATION, founded in 1977, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2024. Net assets of $16.2M represent 79 months of operating reserves.

Mission

LOCAL 103, I.B.E.W. BUILDING CORPORATION'S PURPOSE IS TO HOLD TITLE TO REAL ESTATE WHICH ALLOWS ITS MEMBERS TO USE THE BUILDING TO CARRY OUT THEIR UNION ACTIVITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,640,174
Program Service Revenue $0
Investment Income $52
Other Revenue $810,979
TOTAL REVENUE $2,451,205

Expense Breakdown

Grants Paid $0
Salaries & Benefits $984,333
Fundraising Expenses $0
Other Expenses $1,463,889
TOTAL EXPENSES $2,448,222

Year-over-Year Comparison

2024 2023 Change
Revenue $2,451,205 $2,462,120 0.0%
Expenses $2,448,222 $2,473,330 0.0%
Net Income $2,983 $-11,210 -1.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
7
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$1,216,433
Total Directors
15
$2,730,768
Key Employees
1
$255,547
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LOUIS ANTONELLIS BUSINESS MANAGER 2.00
Officer Director
$0 $77,792 $340,484
KEVIN W MONAHAN TREASURER 2.00
Officer Director
$0 $71,257 $280,280
ROBERT SHEEHAN PRESIDENT 2.00
Officer Director
$0 $71,257 $279,035
JAMES FLEMING RECORDING SECRETARY 2.00
Officer Director
$0 $71,257 $278,289
PHIL DECOLA VICE PRESIDENT 0.50
Director
$0 $7,492 $26,383
MICHAEL DONAHUE EXECUTIVE BOARD 0.50
Director
$0 $8,589 $25,621
KEITH STERN BUSINESS AGENT 1.00
Director
$0 $71,257 $271,668
FRANK AIKENS BUSINESS AGENT 1.00
Director
$0 $71,257 $272,315
JAMES FRASIER BUSINESS AGENT 1.00
Director
$0 $71,257 $272,315
BRIAN SHARPE EXECUTIVE BOARD 0.50
Officer Director
$0 $6,298 $20,771
RENEELEONA DOZIER BUSINESS AGENT 1.00
Director
$0 $71,257 $272,315
BERNARD SHARPE BUSINESS AGENT 1.00
Director
$0 $71,257 $272,315
BRIAN O'CONNOR EXECUTIVE BOARD 1.00
Director
$0 $15,892 $47,509
DANIEL DALY EXECUTIVE BOARD 1.00
Director
$0 $10,176 $31,750
JOHN KELLY EXECUTIVE BOARD 1.00
Director
$0 $13,346 $39,718
JEFF SHEEHAN EXECUTIVE BOARD 1.00
Officer
$0 $4,969 $17,574
BOB BONNANO FACILITIES MANAGER 50.00
Key Emp
$0 $71,257 $255,547
GARY WALKER BUSINESS AGENT 2.00
Highest
$0 $71,257 $272,315
RAYMOND VINTON BUSINESS AGENT 2.00
Highest
$0 $71,257 $272,315
RICH ANTONELLIS BUSINESS AGENT 2.00
Highest
$0 $71,257 $272,315
DAVID O'LOUGHLIN BUSINESS AGENT 0.50
Highest
$0 $71,257 $272,315
TIM LONG BUSINESS AGENT 0.50
Highest
$0 $71,257 $272,315
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $2,451,205 $2,448,222 $16,286,146 $2,983
2023 $2,462,120 $2,473,330 $15,176,778 $-11,210
2022 $2,373,211 $2,127,157 $15,147,038 $246,054
2021 $5,349,893 $2,119,279 $14,842,695 $3,230,614
2020 $2,656,466 $1,991,260 $11,870,994 $665,206
2019 $4,104,414 $1,930,637 $10,991,438 $2,173,777
2018 $1,634,115 $1,777,991 $8,817,661 $-143,876
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