International Brotherhood Of Electrical Workers Local 488 Chari
- Assets
- $61.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Monroe, CT
- Founding
- Data as of
- 12/2023
- EIN
- 88-1093874
Organization Overview
International Brotherhood Of Electrical Workers Local 488 Chari is located in Monroe, CT. According to its NTEE Classification (N12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Brotherhood Of Electrical Workers Local 488 Chari is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, International Brotherhood Of Electrical Workers Local 488 Chari generated $33.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $1.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (49.2%) per year over the past 2 years. 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
2023
Describe the Organization's Program Activity:
Part 3
THE I.B.E.W. LOCAL UNION NO. 488 CHARITY FUND INTENDS TO DISTRIBUTE FINANCIAL GRANTS TO CHARITABLE ORGANIZATIONS AND/OR NEEDY PERSONS AND/OR THEIR FAMILIES WHO ARE IN STRAITENED CIRCUMSTANCES TO HELP PROVIDE FOR THEIR HEALTH, EDUCATION OR MAINTENANCE AND SUPPORT IN THE COMMUNITIES IN THE JURISDICTION OF THE I.B.E.W. LOCAL UNION NO. 488. THIS PURPOSE WILL BE UNDERTAKEN BY THE DIRECTORS OF THE LOCAL 488 CHARITY FUND AND VOLUNTEERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Mcinerney Business Manager/fin. Sec. | 1 | $0 | |
John Gulino Director | 1 | $0 | |
Robert Nitsche Director | 1 | $0 | |
Kevin Dubois Director | 1 | $0 | |
Peter Marin Director | 1 | $0 | |
Amil Lockwood Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $397 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $32,625 |
| Other Revenue | $0 |
| Total Revenue | $33,022 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,441 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $50 |
| Total expenses | $1,491 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $61,829 |
| Other assets | $0 |
| Total assets | $61,829 |
| Total liabilities | $0 |
| Net assets or fund balances | $61,829 |