Ibew Local 1049 Vacation Fund

Organization Overview

Ibew Local 1049 Vacation Fund is located in Holtsville, NY. The organization was established in 1998. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2021, Ibew Local 1049 Vacation Fund employed 271 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ibew Local 1049 Vacation Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2021, Ibew Local 1049 Vacation Fund generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 1.9% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE VACATION AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED VACATION AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS.


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Board, Officers & Key Employees

Name (title)Compensation
Frank Giordano
Trustee
$0
Brian Fuge
Trustee
$0
Patrick Guidice III
Trustee
$0
James Bogen
Trustee
$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$1,118,100
Investment income $1,442
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $81,108
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,201,230

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