Nonprofit · EIN 56-0224088
INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS
Also known as 553 LOCAL UNION
Tax-exempt · DURHAM, NC 27703
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,008,986 | $1,951,641 | $57,345 | $2,354,872 | $136,091 | $2,218,781 |
| December 31, 2024 | 990 | $1,629,602 | $1,710,358 | -$80,756 | $2,288,865 | $126,357 | $2,162,508 |
| December 31, 2023 | 990 | $1,229,142 | $1,308,695 | -$79,553 | $2,342,798 | $97,234 | $2,245,564 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $11,180
- Program service revenue
- $1,899,912
- Investment income
- $27,862
- Net gain from sales of assets
- $9,500
- Net income from sales of inventory
- -$14,428
- Other revenue
- $70,032
Expenses
- Grants and similar amounts paid
- $11,500
- Benefits paid to members
- $19,984
- Compensation of officers, directors and key employees
- $582,899
- Other salaries and wages
- $181,961
- Salaries, compensation and benefits (total)
- $874,010
- Professional fundraising fees
- $0
- Legal fees
- $5,999
- Accounting fees
- $10,285
- Occupancy
- $42,169
- Travel
- $71,511
- Depreciation
- $48,118
Balance sheet and other
- Total assets, start of year
- $2,288,865
- Total assets, end of year
- $2,354,872
- Total liabilities, end of year
- $136,091
- Net assets, end of year
- $2,218,781
- Land, buildings and equipment
- $791,571
- Net assets without donor restrictions
- $2,218,781
- Gross receipts
- $2,032,339
- Employees
- 11
- Volunteers
- 0
- Year formed
- 1961
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WALTER R AXFORD | BUS AGT/FIN SEC Officer | 40 | $101,653 | $29,171 |
| BRAD WELLS | TREASURER Officer | 40 | $78,669 | $26,992 |
| JAMES POPLIN | EXECUTIVE BOARD Trustee or director, Officer | 40 | $75,068 | $25,633 |
| AHARON SEGAL | EXECUTIVE BOARD Trustee or director, Officer | 40 | $74,885 | $25,615 |
| AMY RAMAGE | RECORDING SECRETARY Officer | 40 | $61,216 | $25,526 |
| SETH STOREY | EXECUTIVE BOARD Trustee or director, Officer | 40 | $44,755 | $15,065 |
| JESSE BOWE PAST | EXECUTIVE BOARD Trustee or director, Officer | 2 | $0 | $0 |
| DEREK ROSVOLD | EXECUTIVE BOARD Trustee or director, Officer | 2 | $0 | $0 |
| MATTHEW MCCOMAS PAST | EXECUTIVE BOARD Trustee or director, Officer | 2 | $0 | $0 |
| EZRA BYRD | EXECUTIVE BOARD Trustee or director, Officer | 2 | $0 | $0 |
| KHALIL SEELEY | EXECUTIVE BOARD Trustee or director, Officer | 2 | $0 | $0 |
| BRIAN PFENDLER PAST | TREASURER Officer | 2 | $0 | $0 |
| MARCO CABRERA | VICE PRESIDENT Officer | 2 | $0 | $0 |
990 for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WALTER R AXFORD | BUS AGT/FIN Officer | 40 | $100,027 | $27,261 |
| JAMES POPLIN | PRESIDENT Officer | 40 | $73,840 | $25,195 |
| AHARON SEGAL | EXECUTIVE BO Trustee or director, Officer | 40 | $67,480 | $24,743 |
| SETH STOREY | EXECUTIVE BO Officer | 2 | $0 | $2,658 |
| EZRA BYRD | EXECUTIVE BO Officer | 2 | $0 | $2,360 |
| JESSE BOWE | EXECUTIVE BO Trustee or director, Officer | 2 | $0 | $240 |
| BRIAN PFENDLER | TREASURER Officer | 2 | $0 | $240 |
| MATTHEW MCCOMAS | EXECUTIVE BO Trustee or director, Officer | 2 | $0 | $220 |
| DEREK ROSVOLD | VICE PRESIDE Officer | 2 | $0 | $180 |
| MARCO CABRERA | RECORDING SE Officer | 2 | $0 | $140 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WALTER R AXFORD | BUS AGT/FIN Officer | 40 | $95,428 | $26,921 |
| JAMES POPLIN | PRESIDENT Trustee or director, Officer | 40 | $70,079 | $24,873 |
| JESSE BOWE | EXECUTIVE BO Trustee or director, Officer | 40 | $37,722 | $12,647 |
| RICARDO QUERY | PAST EXECUTI Officer | 1 | $0 | $449 |
| MARCO CABRERA | RECORDING SE Officer | 1 | $0 | $384 |
| MATTHEW MCCOMAS | EXECUTIVE BO Trustee or director, Officer | 1 | $0 | $220 |
| BRIAN PFENDLER | TREASURER Officer | 1 | $0 | $180 |
| EZRA BYRD | EXECUTIVE BO Officer | 1 | $0 | $160 |
| NICHOLAS ROOSE | EXECUTIVE BO Trustee or director, Officer | 1 | $0 | $140 |
| HENRY CONCUBIERTA | VICE PRESIDE Officer | 1 | $0 | $60 |
| BRANDON WESLEY | RECORDING SE Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3300 E US 70 HWY, DURHAM, NC 27703-8996
- In care of
- % WALTER R AXFORD
- Principal officer (990 for 2025)
- WALTER R AXFORD, PO BOX 13551, RESEARCH TRIANGLE PRK, NC 27709
- Signed the 990
- WALTER R AXFORD, BUS AGENT/FINANCE SECRETARY
- Phone
- (919) 323-5570
- Website
- HTTPS://WWW.IBEW553.ORG/
- Return prepared by
- THE POPE CPA FIRM PA
Mission
ORGANIZE ELECTRICAL WORKERS & IMPROVE WAGES, HOURS, WORKING CONDITIONS & OTHER ECONOMIC ADVANTAGES THROUGH ORGANIZATION, NEGOTIATIONS & COLLECTIVE BARGAINING - 1,067 MEMBERS
Program accomplishments
- ORGANIZE ELECTRICAL WORKERS & IMPROVE WAGES, HOURS, WORKING CONDITIONS & OTHER ECONOMIC ADVANTAGES THROUGH ORGANIZATION, NEGOTIATIONS & COLLECTIVE BARGAINING - 1,067 MEMBERS
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-0224088
- Tax-exempt status
- 501(c)(5): Labor, agricultural or horticultural organization
- Donations deductible
- No
- Exempt since
- 1940
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 0064: INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS
- Assets (IRS master file)
- $2,354,872
- Income (IRS master file)
- $2,032,339
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,008,986 | $1,951,641 | $2,354,872 | IRS |
| 990 | December 2024 | $1,629,602 | $1,710,358 | $2,288,865 | IRS |
| 990 | December 2023 | $1,229,142 | $1,308,695 | $2,342,798 | XML |
| 990 | December 2022 | $1,311,573 | $1,215,886 | $2,417,928 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-0224088).
Questions about INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS
- What is the EIN of INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS?
- The employer identification number (EIN) of INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS is 56-0224088.
- Is INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(5) since 1940.
- Are donations to INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS?
- The 990 for the year ended December 31, 2025 names WALTER R AXFORD.
- Who are the officers and directors of INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS?
- The 990 for the year ended December 31, 2025 lists 13 people; 6 received compensation from the organization, the highest $101,653 (WALTER R AXFORD, BUS AGT/FIN SEC).
- How much revenue does INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,008,986, expenses of $1,951,641 and total assets of $2,354,872 at year end.
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