Ibew Local No 456 Supplemental Welfare Fund

Organization Overview

Ibew Local No 456 Supplemental Welfare Fund is located in West Trenton, NJ. The organization was established in 2004. 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. Ibew Local No 456 Supplemental Welfare 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 No 456 Supplemental Welfare Fund generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $6.8m during the year ending 12/2021. 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

PROVIDE SUPPLEMENTAL GROUP HEALTH BENEFITS TO ELIGIBLE PARTICIPANTS

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE SUPPLEMENTAL GROUP HEALTH BENEFITS TO ELIGIBLE PARTICIPANTS


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Board, Officers & Key Employees

Name (title)Compensation
Francis T Leake
Trustee
$0
Kevin P Egan
Trustee
$0
Michael G Mclaughlin
Trustee
$0
Jeffery Shaute
Trustee
$0
Terrance Craig
Trustee
$0
Harry C Alexander
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$4,716,815
Investment income $218,252
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $319,848
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,254,915

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