Ibew Local 665 Supplemental Unemployment Benefit Fund is located in Lansing, MI. The organization was established in 2009. According to its NTEE Classification (Y24) the organization is classified as: Supplemental Unemployment Compensation, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ibew Local 665 Supplemental Unemployment Benefit Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2021, Ibew Local 665 Supplemental Unemployment Benefit Fund generated $927.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $908.8k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE FUND IS TO PROVIDE BENEFITS TO ELIGIBLE PARTICIPANTS TO EASE ECONOMIC HARDSHIP ARISING FROM DISRUPTION OF EMPLOYMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE FUND IS TO PROVIDE BENEFITS TO ELIGIBLE PARTICIPANTS TO EASE ECONOMIC HARDSHIP ARISING FROM DISRUPTION OF EMPLOYMENT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Aaron Pangborn Secretary | Trustee | 1 | $0 |
Bryan Benton Chairman | Trustee | 1 | $0 |
Thomas Hollandsworth Trustee | Trustee | 1 | $0 |
Aaron Nowland Trustee | Trustee | 1 | $0 |
Mike Smith Trustee | Trustee | 1 | $0 |
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 | $925,021 |
Investment income | $984 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $927,603 |
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 | $798,627 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $9,533 |
Fees for services: Legal | $4,479 |
Fees for services: Accounting | $3,600 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $1,516 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $4,413 |
All other expenses | $0 |
Total functional expenses | $908,764 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $3,030,429 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $79,605 |
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 | $3,699 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $3,113,733 |
Accounts payable and accrued expenses | $40,624 |
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 | $40,624 |
Net assets without donor restrictions | $0 |
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 | $3,073,109 |
Total liabilities and net assets/fund balances | $3,113,733 |
Organization Name | Assets | Revenue |
---|---|---|
Anthem Supplemental Unemployment Benefit Tr Indianapolis, IN | $374,093 | $14,195,196 |
Tyco International Us Inc Employment Transition Benefits Tr Glendale, WI | $0 | $9,239,493 |
Builders And Contractorssupplemental Unemployment Benefit T Byron Center, MI | $4,670,591 | $7,439,050 |
501 Alliance Taylor, MI | $41,782,776 | $5,172,296 |
Ibew Local 665 Supplemental Unemployment Benefit Fund Lansing, MI | $3,113,733 | $927,603 |
Contitech Usa Inc Supp Benefits Trust Fairlawn, OH | $395,140 | $272,121 |
Sherwin-Williams Co Sub Tr Cleveland, OH | $5,000 | $348,599 |
Plumbers Union Local No 55 Supplemental Unemployment Benefits Brooklyn Heights, OH | $1,719,239 | $32,378 |
Twin Disc Inc Supplemental Unemployment Benefits Plan Racine, WI | $30,250 | $313 |
Empire Detroit Stl Div Sub Oeba 20 -102160335660 Brooklyn, OH | $58,400 | $0 |
Thomas Steel Strip Corp Supplemental Unemployment Benefit Warren, OH | $8,705 | $0 |