Southern California Ibew-Neca Supplemental Unemployment Benefit
- Assets
- $34.4m
- Revenue
- $7.6m
- Investments
- $4.6m
- Employees
- 348
- Location
- Pasadena, CA
- Founding
- 02/2015
- Data as of
- 06/2022
- EIN
- 46-7214939
Organization Overview
Southern California Ibew-Neca Supplemental Unemployment Benefit is located in Pasadena, CA. The organization was established in 2015. 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. As of 06/2022, Southern California Ibew-Neca Supplemental Unemployment Benefit employed 348 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern California Ibew-Neca Supplemental Unemployment Benefit 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, Southern California Ibew-Neca Supplemental Unemployment Benefit generated $7.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.2% each year . All expenses for the organization totaled $599.1k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James M Willson Management Trustee | Trustee | 1 | $0 |
Eric Cartier Management Trustee | Trustee | 1 | $0 |
Sean Mckenna Management Trustee | Trustee | 1 | $0 |
Joel Barton Union Trustee | Trustee | 1 | $0 |
Eric Brown Union Trustee | Trustee | 1 | $0 |
Gaylord Rusty Roten Union Trustee | Trustee | 1 | $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 | $6,515,440 |
| Investment income | $1,230,060 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$194,078 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,555,576 |
| 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 | $284,952 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $201,710 |
| Fees for services: Legal | $14,751 |
| Fees for services: Accounting | $16,160 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,585 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $35,484 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $574 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $24,888 |
| All other expenses | $0 |
| Total functional expenses | $599,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,163 |
| Savings and temporary cash investments | $600,012 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $670,932 |
| 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 | $4,875 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $28,526,591 |
| Investments—other securities | $4,575,875 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $34,433,448 |
| Accounts payable and accrued expenses | $677,323 |
| 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 | $91,285 |
| Total liabilities | $768,608 |
| Net assets without donor restrictions | $0 |
| 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 | $33,664,840 |
| Total liabilities and net assets/fund balances | $34,433,448 |