Form 990 for tax year 2023
Filed by IBEW LOCAL 129 FRINGE BENEFIT FUNDS INC.
Totals
- Total revenue
- $12,365,412
- Total expenses
- $12,500,040
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $12,468,545
- Investment income
- -$105,482
- Other revenue
- $2,349
- Total assets, end of year
- $1,099,742
- Total liabilities, end of year
- $1,033,605
- Net assets or fund balances, end of year
- $66,137
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: CONTRACTOR PAYMENTS
total $12,190,402 · related or exempt $12,190,402
-
2b · Program service revenue: CONTRIBUTION FROM FUNDS
total $278,143 · related or exempt $278,143
-
7b · Less cost or other basis and sales expenses
other assets $105,482
-
7c · Gain or loss
other assets -$105,482
-
7d · Net gain or loss
total -$105,482 · related or exempt -$105,482
-
11a · Other revenue: OTHER
total $2,349 · excluded $2,349
-
11e · Other revenue, total
$2,349
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $37,500
-
8 · Pension plan contributions
total $14,176
-
9 · Other employee benefits
total $12,857
-
10 · Payroll taxes
total $3,152
-
11a · Fees: management
total $45,309
-
11b · Fees: legal
total $11,655
-
11c · Fees: accounting
total $25,964
-
11f · Fees: investment management
total $18,000
-
13 · Office expenses
total $16,557
-
14 · Information technology
total $63,838
-
16 · Occupancy
total $6,475
-
19 · Conferences, conventions and meetings
total $448
-
23 · Insurance
total $42,211
-
24a · Other expenses: CONTRACTOR PAYMENTS
total $12,198,917
-
24b · Other expenses: BANK SERVICE FEES
total $2,972
-
24c · Other expenses: MISCELLANEOUS
total $9
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $51,875 · end of year $162,931
-
4 · Accounts receivable
beginning of year $817,737 · end of year $936,811
-
10c · Land, buildings and equipment, net
beginning of year $105,482
-
17 · Accounts payable and accrued expenses
beginning of year $774,329 · end of year $1,033,605
-
27 · Net assets without donor restrictions
beginning of year $200,765 · end of year $66,137
Mission and programs · 2023
Mission
ADMINISTRATION OF UNION FRINGE BENEFIT FUNDS
-
THE FUND ADMINISTERED THE FRINGE BENEFIT FUNDS OF A LOCAL ELECTRICAL UNION TO IMPROVE WORKING CONDITIONS FOR THE UNION MEMBERS
As filed on the 2023 return.
Listed in Part VII
-
Jeff BommerJEFF BOMMER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
Peter CoroginPETER COROGIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
Timothy KoperdakTIMOTHY KOPERDAK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
Matt McQueenMATT MCQUEEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
John NovakJOHN NOVAK
CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
Chris RangusCHRIS RANGUS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
Micheal RusselleMICHEAL RUSSELLE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
Marc SchueszlerMARC SCHUESZLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
Thomas ShrevesTHOMAS SHREVES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
Chris WachholzCHRIS WACHHOLZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 6 March 2025
- IRS schema version
- 2023v6.0
- Source object
- 202540669349300704
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