Local 9 Ibew & Outside Contractors Supplemental Unemplymnt Benefit Fd
- Assets
- $2.8m
- Revenue
- $125.0k
- Investments
- $0.0
- Employees
- 180
- Location
- Tinley Park, IL
- Founding
- 08/2014
- Data as of
- 10/2021
- EIN
- 32-0320610
Organization Overview
Local 9 Ibew & Outside Contractors Supplemental Unemplymnt Benefit Fd is located in Tinley Park, IL. The organization was established in 2014. 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. As of 10/2021, Local 9 Ibew & Outside Contractors Supplemental Unemplymnt Benefit Fd employed 180 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Local 9 Ibew & Outside Contractors Supplemental Unemplymnt Benefit Fd is a 501(c)(17) and as such, is described as a "Supplemental Unemployment Benefit Trust" by the IRS.
For the year ending 10/2021, Local 9 Ibew & Outside Contractors Supplemental Unemplymnt Benefit Fd generated $125.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $156.4k during the year ending 10/2021. While expenses have increased by 7.9% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPLEMENTAL UNEMPLOYMENT BENEFITS TO MEMBERS OF IBEW LOCAL UNION NO. 9
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SUPPLEMENTAL UNEMPLOYMENT BENEFITS TO MEMBERS OF IBEW LOCAL UNION NO. 9
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William R Darnstadt Former Truatee | Trustee | 2 | $0 |
Lance Rosenmayer Former Truatee | Trustee | 2 | $0 |
Frank Lizzadro Trustee | Trustee | 2 | $0 |
Stephen Aldridge Trustee | Trustee | 2 | $0 |
William Niesman Trustee | Trustee | 2 | $0 |
Kevin B Schuster Trustee | Trustee | 2 | $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 | $0 |
| Investment income | $124,439 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $575 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $125,014 |
| 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 | $73,291 |
| 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 | $2,482 |
| Fees for services: Management | $60,520 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,048 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,000 |
| Fees for services: Other | $2,589 |
| Advertising and promotion | $0 |
| Office expenses | $229 |
| 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 | $254 |
| All other expenses | $0 |
| Total functional expenses | $156,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,670 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,661 |
| 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 | $2,707,337 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,767,668 |
| Accounts payable and accrued expenses | $12,950 |
| 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 | $94,896 |
| Total liabilities | $107,846 |
| 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 | $2,659,822 |
| Total liabilities and net assets/fund balances | $2,767,668 |
Peer Organizations
| 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 |
Open Door Animal Sanctuary House Springs, MO | $10,901,113 | $3,077,120 |
Local 9 Ibew & Outside Contractors Supplemental Unemplymnt Benefit Fd Tinley Park, IL | $2,767,668 | $125,014 |
Twin Disc Inc Supplemental Unemployment Benefits Plan Racine, WI | $30,250 | $313 |
R R Donnelley & Sons Company Supplemental Unemployment Benefits Chicago, IL | $0 | $0 |