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Filing year 2024

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO 481

Indianapolis, Indiana·EIN 35-0289840·5
Total revenue
$9.8M
Total assets
$11.7M
Total expenses
$7.8M
Reported officers
18
Mission

LABOR UNION

Executive compensation, broken down

Form 990 · Schedule J · 18 reported individuals · Filing year 2024

Finl Secy-bus Mgr
officer (unspecified)
$196k
$211k
Base
$123k
Bonus
Other
$774
Benefits
$30k
Business Rep
highest compensated employee
$188k
$202k
Base
$117k
Bonus
Other
$774
Benefits
$30k
Treasurer/asst Bus Mgr
$188k
$202k
Base
$117k
Bonus
Other
$774
Benefits
$30k
Business Rep
highest compensated employee
$188k
$202k
Base
$117k
Bonus
Other
$774
Benefits
$30k
Business Rep
highest compensated employee
$188k
$202k
Base
$117k
Bonus
Other
$774
Benefits
$30k
Business Rep
highest compensated employee
$188k
$202k
Base
$117k
Bonus
Other
$774
Benefits
$30k
Business Rep
highest compensated employee
$188k
$202k
Base
$117k
Bonus
Other
$774
Benefits
$30k
$14k
$15k
Executive Board
officer (unspecified)
$9k
$10k
Executive Board
officer (unspecified)
$8k
$9k
Recording Secretary
secretary (operational)
$8k
$8k
Exam Board
officer (unspecified)
$7k
$8k
Exam Board
officer (unspecified)
$6k
$7k
Executive Board
officer (unspecified)
$6k
$7k
Exam Board
officer (unspecified)
$4k
$5k
Executive Board
officer (unspecified)
$3k
$3k
Executive Board
officer (unspecified)
$2k
$2k
Vice President
vice president
$1k
$1k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Up 6%
from 2023

From $184k in 2023 to $196k in 2024.

$184k
2023
$196k
2024
In today's dollarsEst.
Up 4% in real terms$203k to $211k

Estimated with BLS CPI-U for the Midwest region, 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 UNION NO 481 reported revenue and expenses across 2 filing years.

RevenueExpenses
$8M
$7.1M
2023
$9.8M
$7.8M
2024
Total revenue and total expenses from IRS Form 990 filings.
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