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Filing year 2023

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 1505

Woburn, Massachusetts·EIN 04-2031557·5
Total revenue
$1.5M
Total assets
$1.2M
Total expenses
$1.5M
Reported officers
14
Mission

LOCAL 1505 WAS FORMED TO UNITE THE WORKERS WITHIN ITS JURISDICTION IN A SINGLE, COHESIVE LABOR UNION FOR THE PURPOSE OF COLLECTIVE EFFORTS TO IMPROVE THE CONDITIONS OF THE WORKERS WITH RESPECT TO WAGES, HOURS, WORKING CONDITIONS AND OTHER CONDITIONS OF EMPLOYMENT, TO DISSEMINATE INFORMATION AMONG THE WORKERS WITH RESPECT TO ECONOMIC, SOCIAL, POLITICAL AND OTHER MATTERS AFFECTING THEIR LIVES AND WELFARE, TO ADVANCE THE INTEREST OF THE WORKERS BY ADVOCATING THE ENACTMENT OF LAWS BENEFICIAL TO THEM AND THE DEFEAT OR REPEAL OF LAWS DETRIMENTAL TO THEM, TO DO ALL THINGS WHICH MAY BE NECESSARY OR PROPER TO SECURE FOR THE WORKERS THE ENJOYMENT OF THEIR NATURAL RIGHTS.

Executive compensation

Form 990 · Schedule J · 7 reported individuals · Filing year 2023

$12k
$14k
Business Manager/fin Sec
officer (unspecified)
$12k
$13k
Recording Sec.
board member
$3k
$3k
Executive Board
board member
$2k
$2k
Vice President
vice president
$1k
$2k
Executive Board
board member
$625
$688

Teal figures restate each filed amount in 2026 dollars.

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 7 unpaid individuals.

Down 45%
from 2022

From $22k in 2022 to $12k in 2023.

$22k
2022
$12k
2023
In today's dollarsEst.
Down 47% in real terms$25k to $14k

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 1505 reported revenue and expenses across 2 filing years.

RevenueExpenses
$1.5M
$1.4M
2022
$1.5M
$1.5M
2023
Total revenue and total expenses from IRS Form 990 filings.
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