Civic Intelligence

International Brotherhood of Electrical Workers Local 55

990 • Fiscal year 2018 • EIN 42-0232184

Jul 01, 2017 to Jun 30, 2018 • Filed on Oct 29, 2018

Organization ProfileWWW.IBEW55.ORG
1435 NE 54th AvenueDes Moines, IA 50313

(515) 265-6193

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

33rd percentile

0.00x

Higher debt load relative to assets than 33% of similar nonprofits.

2018 filings • 501(c)5 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

38th percentile

0.01x

Higher debt load relative to revenue than 38% of similar nonprofits.

2018 filings • 501(c)5 • $5M-$10M nonprofits • Source year 2018

Net Margin

81st percentile

22%

Higher net margin than 81% of similar nonprofits.

2018 filings • 501(c)5 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

52nd percentile

$185,881

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 7.3% of source-year revenue.

2018 filings • 501(c)5 • $5M-$10M nonprofits • Source year 2018

Asset Growth

60th percentile

7.2%

Faster asset growth than 60% of similar nonprofits.

2018 filings • 501(c)5 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

45th percentile

3.6%

Faster revenue growth than 45% of similar nonprofits.

2018 filings • 501(c)5 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Up

$7,959,207

Up $534,461 (+7.2%) from 2017

Net Assets

Up

$7,938,444

Up $533,123 (+7.2%) from 2017

Liabilities

Up

$20,763

Up $1,338 (+6.9%) from 2017

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin81st percentile

Revenue

Up

$2,554,916

Up $88,721 (+3.6%) from 2017

Expenses

Up

$1,997,624

Up $176,811 (+9.7%) from 2017

Net Income

Down

$557,292

Down $88,090 (-14%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth60th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2011: $3,064,889Liabilities 2011: $5,226Net Assets 2011: $3,059,6632011Assets 2012: $3,793,679Liabilities 2012: $368,917Net Assets 2012: $3,424,7622012Assets 2013: $4,147,585Liabilities 2013: $279,460Net Assets 2013: $3,868,1252013Assets 2014: $4,733,740Liabilities 2014: $151,999Net Assets 2014: $4,581,7412014Assets 2015: $5,611,307Liabilities 2015: $8,780Net Assets 2015: $5,602,5272015Assets 2016: $6,584,444Liabilities 2016: $23,630Net Assets 2016: $6,560,8142016Assets 2017: $7,424,746Liabilities 2017: $19,425Net Assets 2017: $7,405,3212017Assets 2018: $7,959,207Liabilities 2018: $20,763Net Assets 2018: $7,938,4442018Assets 2019: $9,814,720Liabilities 2019: $23,797Net Assets 2019: $9,790,9232019Assets 2020: $11,087,385Liabilities 2020: $4,233Net Assets 2020: $11,083,1522020Assets 2021: $14,135,439Liabilities 2021: $6,312Net Assets 2021: $14,129,1272021Assets 2022: $13,399,280Liabilities 2022: $17,123Net Assets 2022: $13,382,1572022Assets 2023: $14,417,002Liabilities 2023: $18,229Net Assets 2023: $14,398,7732023Assets 2024: $16,019,456Liabilities 2024: $17,413Net Assets 2024: $16,002,0432024Assets 2025: $17,963,018Liabilities 2025: $7,223Net Assets 2025: $17,955,7952025

Highlighted filing

2018

Assets$7,959,207
Liabilities$20,763
Net Assets$7,938,444
Open 2018 Filing

Operations Trend

Revenue Growth45th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0Revenue 2011: $1,499,969Expenses 2011: $1,385,387Net Income 2011: $114,5822011Revenue 2012: $1,725,544Expenses 2012: $1,285,957Net Income 2012: $439,5872012Expenses 2013: $1,356,5212013Revenue 2014: $1,918,836Expenses 2014: $1,399,564Net Income 2014: $519,2722014Revenue 2015: $3,091,290Expenses 2015: $1,563,487Net Income 2015: $1,527,8032015Revenue 2016: $2,800,903Expenses 2016: $1,756,278Net Income 2016: $1,044,6252016Revenue 2017: $2,466,195Expenses 2017: $1,820,813Net Income 2017: $645,3822017Revenue 2018: $2,554,916Expenses 2018: $1,997,624Net Income 2018: $557,2922018Revenue 2019: $3,894,101Expenses 2019: $1,987,694Net Income 2019: $1,906,4072019Revenue 2020: $3,849,191Expenses 2020: $2,101,876Net Income 2020: $1,747,3152020Revenue 2021: $3,698,456Expenses 2021: $2,056,324Net Income 2021: $1,642,1322021Revenue 2022: $3,284,763Expenses 2022: $2,309,133Net Income 2022: $975,6302022Revenue 2023: $2,979,627Expenses 2023: $2,571,625Net Income 2023: $408,0022023Revenue 2024: $3,097,962Expenses 2024: $2,621,578Net Income 2024: $476,3842024Revenue 2025: $3,543,002Expenses 2025: $2,652,770Net Income 2025: $890,2322025

Highlighted filing

2018

Revenue$2,554,916
Expenses$1,997,624
Net Income$557,292
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Oct 29, 2018
Return Version
2017v2.3
Gross Receipts
$2,634,890
Mission and Program Overview

Mission

To serve member interests with respect to working conditions and compensation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,420,733$4,556,666▲ $135,933
Land, Buildings, and Equipment, Net$1,793,135$1,744,747▼ $48,388
Savings and Temporary Cash Investments$901,335$1,411,457▲ $510,122
Cash and Non-Interest-Bearing Accounts$309,543$246,337▼ $63,206
Total Assets$7,424,746$7,959,207▲ $534,461
Liabilities
Accounts Payable and Accrued Expenses$9,384$13,657▲ $4,273
Other Liabilities$10,041$7,106▼ $2,935
Total Liabilities$19,425$20,763▲ $1,338
Net Assets / Fund Balance
Unrestricted Net Assets$7,405,321$7,938,444▲ $533,123
Total Net Assets Fund Balance$7,405,321$7,938,444▲ $533,123
Total Liabilities and Net Assets / Fund Balance$7,424,746$7,959,207▲ $534,461

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,540,167$303,635$1,843,802
Other Land Buildings$92,861$43,671$136,532
Equipment$36,234$53,390$89,624
Land$75,485-$75,485
Compensation and Service Providers
Top Officer Pay52nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael SawyerBusiness ManFT$133,324$52,557$185,881
Michael SawyerBusiness Manager/fs-$133,324$52,557$185,881
Shane NelsonAsst BusinesFT$131,730$51,479$183,209
Shane NelsonAsst Business Mgr-$131,730$51,479$183,209
Russell MccuenAsst BusinesFT$127,621$51,479$179,100
Russell MccuenAsst Business Mgr-$127,621$51,479$179,100
William DennisAsst BusinesFT$127,188$51,313$178,501
William DennisAsst Business Mgr-$127,188$51,313$178,501
Terri VitirittoTreasurerFT$88,522$39,867$128,389
Rhonda FucaloroRecording SeFT$68,465$33,394$101,859
Michael BrookesBusiness ManFT$59,847$27,926$87,773
Jeff DeuelExecutive Bo-$2,128-$2,128
Jeff LampExecutive Bo-$550-$550
Derrick Van ZandtExecutive Bo-$450-$450
James BlairPresident-$450-$450
Kevin JohnsonExecutive Bo-$450-$450
Luke HartzExecutive Bo-$400-$400
Ed MyersVice Preside-$150-$150
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,314,617
Investment Income
$217,871
Other Revenue
$22,428
Change in Net Assets
$557,292

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,534,177
Revenue Not Reported on Financial Statements
$20,739
Revenue Not Reported on Form 990
$-24,169
Total Revenue per Audited Statements
$2,510,008
Total Revenue per Form 990
$2,554,916
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,120,598
Other Expenses$872,026
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$508,479
Other Salaries and Wages---$397,552
Payments to Affiliates---$387,361
Pension Plan Contributions---$104,122
Depreciation Depletion---$85,478
Payroll Taxes---$58,321
Office Expenses---$56,675
Occupancy---$55,201
Other Employee Benefits---$52,124
Fees for Services Legal---$40,663
Fees for Services Accounting---$30,690
Conferences and Meetings---$29,749
Travel---$27,664
Insurance---$24,918
Fees for Service Investment Mgmnt Fees---$20,739
Advertising---$16,125
All Other Expenses---$13,435
Other Expenses---$10,507
Benefits to Members---$5,000
Total Functional Expenses$0$0$0$1,997,624

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,997,624
Expenses per Audited Statements$1,976,885
Total Expenses per Audited Statements$1,976,885
Expenses Not Reported on Financial Statements$20,739
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Tax Withholdings$7,106
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“As of june 30, 2018 the local had 1048 members. The classes of members are: journeymen linemen, apprentice linemen, equipment operator, groundmen-truck driver, groundmen, telephone-telegraph-catv construction, line clearance tree trimming, and utility.”

Form 990, Page 6, Part VI, Line 7A

“Members in good standing are able to elect trustees and officers every three years.”

Form 990, Page 6, Part VI, Line 11B

“The union's executive board will review the form 990 before it is filed.”

Form 990, Page 6, Part VI, Line 19

“The documents are available upon request from the union's administrative office.”

Filing and Contact Details

Filer

Filer Name
Ibew Local 55
EIN
42-0232184
Phone
5152656193
Address
1435 NE 54TH AVENUE, DES MOINES, IA 50313

Signing Officer

Name
Michael Sawyer
Title
Business Manager/fs
Phone
5152656193
Signed
2018-10-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Sawyer
Formed
1887
Legal Domicile
Ia
Voting Board Members
5
Independent Board Members
0
Employees
40

Preparer

Firm
Deboer & Associates Pc
Address
17330 WRIGHT ST STE 100, OMAHA, NE 68130-2157
Preparer
Eryn Stevens
Phone
4023335200
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“As of june 30, 2018, there were no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements.”

Raw XML AppendixShowing 400 of 421 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherExpensesGrp/TotalAmt218403
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IRS990/PayrollTaxesGrp/TotalAmt058321
IRS990/PensionPlanContributionsGrp/TotalAmt0104122
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IRS990/PrincipalOfficerNm0MICHAEL SAWYER
IRS990/ProfessionalFundraisingInd0false
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IRS990/PYTotalRevenueAmt02466195
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IRS990ScheduleD/EquipmentGrp/BookValueAmt036234
IRS990ScheduleD/EquipmentGrp/DepreciationAmt053390
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt089624
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/InvestmentExpensesNotIncldAmt020739
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt075485
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-24169
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt092861
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt043671
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0136532
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07106
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAX WITHHOLDINGS
IRS990ScheduleD/RevenueNotReportedAmt0-24169
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt020739
IRS990ScheduleD/RevenueSubtotalAmt02534177
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0AS OF JUNE 30, 2018, THERE WERE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalExpensesPerForm990Amt01997624
IRS990ScheduleD/TotalLiabilityAmt07106
IRS990ScheduleD/TotalRevenuePerForm990Amt02554916
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02510008
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01976885
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IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1131730
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2127621
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt3127188
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt035795
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt134868
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt234868
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt334730
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt016762
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MICHAEL SAWYER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1SHANE NELSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2RUSSELL MCCUEN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3WILLIAM DENNIS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0BUSINESS MANAGER/FS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1ASST BUSINESS MGR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2ASST BUSINESS MGR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3ASST BUSINESS MGR
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1183209
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt2179100
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt3178501
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AS OF JUNE 30, 2018 THE LOCAL HAD 1048 MEMBERS. THE CLASSES OF MEMBERS ARE: JOURNEYMEN LINEMEN, APPRENTICE LINEMEN, EQUIPMENT OPERATOR, GROUNDMEN-TRUCK DRIVER, GROUNDMEN, TELEPHONE-TELEGRAPH-CATV CONSTRUCTION, LINE CLEARANCE TREE TRIMMING, AND UTILITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS IN GOOD STANDING ARE ABLE TO ELECT TRUSTEES AND OFFICERS EVERY THREE YEARS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE UNION'S EXECUTIVE BOARD WILL REVIEW THE FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE DOCUMENTS ARE AVAILABLE UPON REQUEST FROM THE UNION'S ADMINISTRATIVE OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt020763
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02554916
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07424746
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07959207
IRS990/TravelGrp/TotalAmt027664
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt07405321
IRS990/UnrestrictedNetAssetsGrp/EOYAmt07938444
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WWW.IBEW55.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL SAWYER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BUSINESS MANAGER/FS
ReturnHeader/BusinessOfficerGrp/PhoneNum05152656193
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IBEW LOCAL 55
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ReturnHeader/Filer/USAddress/ZIPCd050313

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,959,207
Liabilities
$20,763
Net assets
$7,938,444
Revenue
$2,554,916
Expenses
$1,997,624
Net income
$557,292
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.0$0.01$18.0$3.54$2.65$0.89
2024Detailed filing. Detailed filing data is available for this year.$16.0$0.02$16.0$3.10$2.62$0.48
2023Detailed filing. Detailed filing data is available for this year.$14.4$0.02$14.4$2.98$2.57$0.41
2022Detailed filing. Detailed filing data is available for this year.$13.4$0.02$13.4$3.28$2.31$0.98
2021Detailed filing. Detailed filing data is available for this year.$14.1$0.01$14.1$3.70$2.06$1.64
2020Detailed filing. Detailed filing data is available for this year.$11.1$0.00$11.1$3.85$2.10$1.75
2019Detailed filing. Detailed filing data is available for this year.$9.81$0.02$9.79$3.89$1.99$1.91
2018Detailed filing. Detailed filing data is available for this year.$7.96$0.02$7.94$2.55$2.00$0.56
2017Detailed filing. Detailed filing data is available for this year.$7.42$0.02$7.41$2.47$1.82$0.65
2016Detailed filing. Detailed filing data is available for this year.$6.58$0.02$6.56$2.80$1.76$1.04
2015Detailed filing. Detailed filing data is available for this year.$5.61$0.01$5.60$3.09$1.56$1.53
2014Detailed filing. Detailed filing data is available for this year.$4.73$0.15$4.58$1.92$1.40$0.52
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.15$0.28$3.87$1.36
2012Summary only. Only limited summary data is available for this year.$3.79$0.37$3.42$1.73$1.29$0.44
2011Summary only. Only limited summary data is available for this year.$3.06$0.01$3.06$1.50$1.39$0.11