Ibew Local 701 Needy Members Fund
- Assets
- $192.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Warrenville, IL
- Founding
- 08/2009
- Data as of
- 12/2021
- EIN
- 26-2623050
Organization Overview
Ibew Local 701 Needy Members Fund is located in Warrenville, IL. The organization was established in 2009. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ibew Local 701 Needy Members Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Ibew Local 701 Needy Members Fund generated $46.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.6%) each year. All expenses for the organization totaled $15.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (22.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION PROVIDES FINANCIAL ASSISTANCE TO IBEW ELECTRICAL WORKERS AND THEIR FAMILIES IN TIMES OF NEED BROUGHT ABOUT BY MEDICAL OR PERSONAL MISFORTUNES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Giunti Secretary | 2 | $0 | |
Frank Furco President | 2 | $0 | |
Brian Benson Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,615 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $46,615 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $273 |
| Total expenses | $15,937 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $192,873 |
| Other assets | $0 |
| Total assets | $192,873 |
| Total liabilities | $0 |
| Net assets or fund balances | $192,873 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ibew Local 701 Needy Members Fund has recieved totaling $160.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $160 |
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