Ibew Local 400 Benevolent Fund is located in Wall, NJ. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ibew Local 400 Benevolent Fund 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, Ibew Local 400 Benevolent Fund generated $40.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $89.8k during the year ending 12/2023. 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
TO ESTABLISH A TAX-EXEMPT SCHOLARSHIP FUND FOR THE CHILDREN, STEPCHILDREN, AND GRANDCHILDREN OF UNION MEMBERS
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Moran Trustee | 1 | $0 | |
Michael Ricca Trustee | 1 | $0 | |
Robert Baumgartner Trustee | 1 | $0 | |
Lee Sanborn Trustee | 1 | $0 | |
Thomas Tucker Trustee | 1 | $0 | |
Robert Ingman Trustee | 1 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $40,194 |
| Other Revenue | $307 |
| Total Revenue | $40,501 |
| 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 | $975 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $88,828 |
| Total expenses | $89,803 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $79,087 |
| Other assets | $0 |
| Total assets | $79,087 |
| Total liabilities | $38 |
| Net assets or fund balances | $79,049 |