Ibew Local 683 Fringe Benefit Fundsinc
- Assets
- $0.0
- Revenue
- $73.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Lansing, MI
- Founding
- 05/1996
- Data as of
- 12/2019
- EIN
- 31-1449092
Organization Overview
Ibew Local 683 Fringe Benefit Fundsinc is located in Lansing, MI. The organization was established in 1996. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2019, Ibew Local 683 Fringe Benefit Fundsinc employed 3 individuals. Ibew Local 683 Fringe Benefit Fundsinc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2019, Ibew Local 683 Fringe Benefit Fundsinc generated $73.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (26.1%) each year. All expenses for the organization totaled $127.6k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (18.1%) per year over the past 5 years. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
ADMINISTRATION OF IBEW LOCAL UNION 683 ANNUITY PLAN, HEALTH & WELFARE PLAN, PENSION PLAN, EDUCATIONAL PLAN, AND COLLECTION OF CONTRACTORS- AND EMPLOYEES CONTRIBUTIONS FOR FRINGE BENEFITS AND UNION DEDUCTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTRATION OF IBEW LOCAL UNION 683 PROFIT SHARING ANNUITY PLAN,HEALTH & WELFARE PLAN, PENSION FUND PENSION PLAN AND EDUCATIONAL PLAN PER THE COLLECTIVE BARGAINING AGREEMENT BETWEEN THE IBEW LOCAL UNION 683 AND COLUMBUS DIVISION OF CENTRAL OHIO CHAPTER, NECA, INC.REPRESENTING THE EMPLOYERS. ALSO IBEW LOCAL UNION 1105 AND NEWARK DIVLSLON OF CENTRAL OHIO CHAPTER,NECA, INC IS A PARTICIPANT IN THE PENSION FUND PLAN. THERE ARE OVER 2,200 PARTICIPANTS IN THE THE VARIOUS PLANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret R Stimmel Administrati | Officer | 50 | $41,877 |
Dana Akison Union Truste | Trustee | 1 | $0 |
Elizabeth T Butler Mgmt Trustee | Trustee | 1 | $0 |
Brian D Damant Board Chairm | Trustee | 1 | $0 |
Ryan Dew Mgmt Trustee | Trustee | 1 | $0 |
Patrick J Hook Union Truste | 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 | $72,200 |
| Investment income | $0 |
| 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 | $73,581 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $41,877 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,924 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,724 |
| Payroll taxes | $6,059 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,397 |
| Fees for services: Accounting | $4,390 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,219 |
| Advertising and promotion | $0 |
| Office expenses | $6,452 |
| Information technology | $3,131 |
| 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 | $560 |
| Insurance | $0 |
| All other expenses | $841 |
| Total functional expenses | $127,574 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 | $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 | $0 |
| Total liabilities and net assets/fund balances | $0 |