Ibew Local 488 Labor Management Cooperation Trust

Organization Overview

Ibew Local 488 Labor Management Cooperation Trust is located in Monroe, CT. Ibew Local 488 Labor Management Cooperation Trust is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.

For the year ending 12/2021, Ibew Local 488 Labor Management Cooperation Trust generated $284.7k 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 (6.1%) each year. All expenses for the organization totaled $312.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Ibew Local 488 Labor Management Cooperation Trust has awarded 53 individual grants totaling $633,479. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

FURTHER LABOR-MGMT COOPERATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE LMCC WAS ESTABLISHED TO PROVIDE FINANCIAL AND OTHER SUPPORT FOR NECA-IBEW LOCAL 488 PROGRAMS. IT PROMOTES AND IMPROVES COMMUNICATION BETWEEN LABOR & MANAGEMENT THROUGH THE ENHANCEMENT OF WORKER INVOLVEMENT IN MAKING DECISIONS THAT AFFECT THEIR WORKING LIVES. IN ADDITION, IT ALLOWS IBEW LOCAL 488 TO PROMOTE ITSELF THROUGH COMMUNITY INVOLVEMENT AND PARTICIPATION IN AN EFFORT TO INCREASE AWARENESS.


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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$280,002
Investment income $4,709
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 $284,711

Grants Awarded

Over the last fiscal year, Ibew Local 488 Labor Management Cooperation Trust has awarded $79,650 in support to 7 organizations.

Grant RecipientAmount

BRIDGEPORT CARIBE YOUTH LEADERS

Org PageRecipient Profile

Bridgeport, CT

PURPOSE: FINANCIAL SUPPORT

$20,000

CARDINAL SHEEHAN CENTER

Org PageRecipient Profile

Bridgeport, CT

PURPOSE: FINANCIAL SUPPORT

$19,650

AMERICAN CANCER SOCIETY

PURPOSE: FINANCIAL SUPPORT

$10,000

MARILYN GOLDSTONE FOUNDATION

Org PageRecipient Profile

Trumbull, CT

PURPOSE: FINANCIAL SUPPORT

$10,000

ST VINCENTS MEDICAL CENTER

Org PageRecipient Profile

St Louis, MO

PURPOSE: FINANCIAL SUPPORT

$8,500

MCGIVNEY COMMUNITY CENTER

Org PageRecipient Profile

Bridgeport, CT

PURPOSE: FINANCIAL SUPPORT

$6,000
View Grant Profile

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