Ibew Locals 117 150 461 & 701 And Northeastern Illinois Chapter
- Assets
- $2.4m
- Revenue
- $556.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Crystal Lake, IL
- Founding
- 03/1989
- Data as of
- 12/2023
- EIN
- 36-3590037
Organization Overview
Ibew Locals 117 150 461 & 701 And Northeastern Illinois Chapter is located in Crystal Lake, IL. The organization was established in 1989. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2023, Ibew Locals 117 150 461 & 701 And Northeastern Illinois Chapter employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ibew Locals 117 150 461 & 701 And Northeastern Illinois Chapter is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Ibew Locals 117 150 461 & 701 And Northeastern Illinois Chapter generated $556.9k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $448.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE COMMUNICATION BETWEEN REPRESENTATIVES OF LABOR AND MANAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION OF VACATION BENEFITS TO MEMBERS.
DISTRIBUTION OF VACATION BENEFITS TO MEMBERS.
DRUG SCREENING TO PROVIDE A DRUG FREE WORKPLACE.
DRUG SCREENING TO PROVIDE A DRUG FREE WORKPLACE.
A MASTER BOND PROGRAM TO PROVIDE FUNDS TO MAKE SURE MEMBERS HEALTH AND WELFARE AND PENSION CONTRIBUTIONS ARE PAID.
A MASTER BOND PROGRAM TO PROVIDE FUNDS TO MAKE SURE MEMBERS HEALTH AND WELFARE AND PENSION CONTRIBUTIONS ARE PAID.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Pyle II Chairman | OfficerTrustee | 1 | $0 |
Kyle Lauderdale Secretary | OfficerTrustee | 1 | $0 |
Jesse Lenart Director | Trustee | 1 | $0 |
Steve Smart Director | Trustee | 1 | $0 |
Alex Cook Director | Trustee | 1 | $0 |
Chad Lother Director | 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 | $403,159 |
| Investment income | $87,302 |
| 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 | $556,867 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,369 |
| Pension plan accruals and contributions | $14,496 |
| Other employee benefits | $37,341 |
| Payroll taxes | $4,397 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,780 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $149,719 |
| Office expenses | $15,900 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,835 |
| 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 | $17,300 |
| Depreciation, depletion, and amortization | $3,827 |
| Insurance | $4,668 |
| All other expenses | $3,108 |
| Total functional expenses | $448,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,660,557 |
| 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 | $27,606 |
| Investments—publicly traded securities | $717,542 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,405,705 |
| 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 | $339,174 |
| Total liabilities | $339,174 |
| Net assets without donor restrictions | $2,066,531 |
| 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 | $2,405,705 |