Local Union 725 Of The Ibew Retirement Welfare Tr
- Assets
- $34.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Terre Haute, IN
- Founding
- 04/2016
- Data as of
- 06/2022
- EIN
- 47-6286519
Organization Overview
Local Union 725 Of The Ibew Retirement Welfare Tr is located in Terre Haute, IN. The organization was established in 2016. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Local Union 725 Of The Ibew Retirement Welfare Tr is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 06/2022, Local Union 725 Of The Ibew Retirement Welfare Tr generated $80.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $79.3k during the year ending 06/2022. While expenses have increased by 6.0% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE WELFARE TRUST WAS ESTABLISHED TO PROVIDE HEALTH BENEFITS TO RETIREES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Uppole Trustee | 1 | $0 | |
R Todd Thacker Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $80,000 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $80,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $65,190 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $13,387 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $681 |
| Other expenses | $0 |
| Total expenses | $79,258 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $34,326 |
| Other assets | $0 |
| Total assets | $34,326 |
| Total liabilities | $0 |
| Net assets or fund balances | $34,326 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Bac Local Union 15 Welfare Fund Kansas City, MO | $24,262,115 | $10,907,825 |
Association Health And Welfare Veba Master Tr Louisville, KY | $203,835 | $9,882,944 |
United Association Of Plumbers Local No 8 Health & Wefare Plan Fu Kansas City, MO | $17,308,413 | $11,003,032 |
Hunter Engineering Company Welfare Plan Trust I Bridgeton, MO | $0 | $7,061,469 |
National Allied Workers Union Insurance Trust Chicago, IL | $5,511,844 | $7,814,382 |
Miscellaneous Warehousemens Local 781 Health And Welfare Fund Elmhurst, IL | $23,381,984 | $11,981,549 |
Allied Services Division Welfare Fund Arlington Heights, IL | $36,977,141 | $8,755,444 |
Mo-Kan Teamsters Health & Welfare Fund Kansas City, MO | $14,649,748 | $10,157,233 |
Health & Welfare Trust Chicago, IL | $6,007,805 | $8,563,914 |
Couleecap Inc Westby, WI | $14,488,580 | $8,423,609 |
Central Laborers Welfare Fund Jacksonville, IL | $44,377,613 | $22,307,133 |
Nisource Non-Union Post-65 Retiree Medical Benefits Veba Trust Merrillville, IN | $98,752,265 | $7,608,057 |