Local 601 Ibew Building Corporation

Organization Overview

Local 601 Ibew Building Corporation is located in Champaign, IL. The organization was established in 1981. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Local 601 Ibew Building Corporation is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.

For the year ending 12/2023, Local 601 Ibew Building Corporation generated $36.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (10.0%) each year. All expenses for the organization totaled $112.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO HOLD AND MANAGE REAL ESTATE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HOLD AND MANAGE REAL ESTATE FOR THE PARENT, INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL NO. 601.


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Board, Officers & Key Employees

Name (title)Compensation
Jarrett Clem
Bus Mgr/fin Secy
$0
Theodore Burgin III
Treasurer
$0
Shane Street
President
$0
Jake Dalton
Executive Board
$0
Jacques Lefaivre
Executive Board
$0
Marcus Albert
Executive Board
$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$36,887
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 $36,887

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