I B E W Local 42 O S H E Trust Fund
- Assets
- $13.1m
- Revenue
- $4.0m
- Investments
- $1.5m
- Employees
- 20
- Location
- East Windsor, CT
- Founding
- 06/1983
- Data as of
- 12/2023
- EIN
- 06-1062697
Organization Overview
I B E W Local 42 O S H E Trust Fund is located in East Windsor, CT. The organization was established in 1983. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2023, I B E W Local 42 O S H E Trust Fund employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. I B E W Local 42 O S H E Trust Fund is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2023, I B E W Local 42 O S H E Trust Fund generated $4.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $3.8m during the year ending 12/2023. While expenses have increased by 11.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE TRAINING AND EDUCATION PROGRAMS FOR EMPLOYEES IN THE OUTSIDE ELECTRICAL INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING OF NEW AND CONTINUING MEMBERS OF IBEW LOCAL UNION 42 IN SAFETY PROCEDURES/FEATURES OF WORKING WITH HIGH VOLTAGE ELECTRICITY, FIRST AID AND VARIOUS TYPES OF SAFETY EQUIPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Rubino Employer Trustee | Trustee | 1 | $0 |
Michael Gilchrist Chairman | Trustee | 1 | $0 |
George Troutman Employer Trustee | Trustee | 1 | $0 |
Greg Lutz Labor Trustee | Trustee | 1 | $0 |
Michael Treadwell Labor Trustee | Trustee | 1 | $16,486 |
Scott Shane Labor Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,628,930 |
| Investment income | $239,162 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,154 |
| Net Gain/Loss on Asset Sales | $76,275 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,954,521 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $1,918,170 |
| Compensation of current officers, directors, key employees. | $321,099 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $415,935 |
| Pension plan accruals and contributions | $95,579 |
| Other employee benefits | $60,163 |
| Payroll taxes | $46,173 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,000 |
| Fees for services: Accounting | $50,811 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $57,121 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $92,054 |
| Information technology | $8,716 |
| Royalties | $0 |
| Occupancy | $107,113 |
| Travel | $45,598 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,472 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $213,052 |
| Insurance | $31,417 |
| All other expenses | $0 |
| Total functional expenses | $3,785,314 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $729,033 |
| Savings and temporary cash investments | $520,426 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,691,712 |
| Investments—publicly traded securities | $5,599,745 |
| Investments—other securities | $1,545,157 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,086,073 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $13,086,073 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $13,086,073 |