Ibew Locals 117 150 461 & 701 And Northeastern Illinois Chapter is located in Aurora, IL. The organization was established in 1989. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ibew Locals 117 150 461 & 701 And Northeastern Illinois Chapter is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Ibew Locals 117 150 461 & 701 And Northeastern Illinois Chapter generated $464.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $378.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE COMMUNICATION BETWEEN REPRESENTATIVES OF LABOR AND MANAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION OF VACATION BENEFITS TO MEMBERS.
DRUG SCREENING TO PROVIDE A DRUG FREE WORKPLACE.
A MASTER BOND PROGRAM TO PROVIDE FUNDS TO MAKE SURE MEMBERS HEALTH AND WELFARE AND PENSION CONTRIBUTIONS ARE PAID.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Joel Pyle II Chairman | OfficerTrustee | 1 | $0 |
Tom Mctavish Previous Cha | OfficerTrustee | 1 | $0 |
Beau Lauderdale Secretary | OfficerTrustee | 1 | $0 |
Tobias Hogan Director | Trustee | 1 | $0 |
Jesse Lenart Director | Trustee | 1 | $0 |
Alex Cook Director | Trustee | 1 | $0 |
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 | $367,180 |
Investment income | $9,944 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$225 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $464,124 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $87,526 |
Pension plan accruals and contributions | $33,780 |
Other employee benefits | $32,819 |
Payroll taxes | $5,903 |
Fees for services: Management | $0 |
Fees for services: Legal | $1,338 |
Fees for services: Accounting | $9,765 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $49,191 |
Office expenses | $10,121 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $26,546 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $15,424 |
Depreciation, depletion, and amortization | $3,838 |
Insurance | $4,743 |
All other expenses | $1,000 |
Total functional expenses | $378,113 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,522,178 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $35,262 |
Investments—publicly traded securities | $705,550 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $2,262,990 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $311,846 |
Total liabilities | $311,846 |
Net assets without donor restrictions | $1,951,144 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $2,262,990 |