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← IBEW LOCAL 129 FRINGE BENEFIT FUNDS INC

Form 990 for tax year 2022

Filed by IBEW LOCAL 129 FRINGE BENEFIT FUNDS INC.

What the amendment changed

Compared with the return it replaced , filed 30 October 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$4,068,637 changed to $14,955,057
Total expenses
$4,076,303 changed to $15,012,886
Program service revenue
$4,062,891 changed to $14,896,904
Other revenue
$5,746 changed to $58,153
Total assets, end of year
$1,025,257 changed to $975,094
Net assets or fund balances, end of year
$250,928 changed to $200,765

Totals

Total revenue
$14,955,057
Total expenses
$15,012,886
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$14,896,904
Investment income
$0
Other revenue
$58,153
Total assets, end of year
$975,094
Total liabilities, end of year
$774,329
Net assets or fund balances, end of year
$200,765
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 $14,532,366 · related or exempt $14,532,366

  • 2b · Program service revenue: CONTRIBUTION FROM FUNDS

    total $364,538 · related or exempt $364,538

  • 11a · Other revenue: OTHER

    total $58,153 · excluded $58,153

  • 11e · Other revenue, total

    $58,153

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $97,702

  • 8 · Pension plan contributions

    total $16,250

  • 9 · Other employee benefits

    total $33,319

  • 10 · Payroll taxes

    total $10,664

  • 11a · Fees: management

    total $8,475

  • 11b · Fees: legal

    total $32,288

  • 11c · Fees: accounting

    total $24,217

  • 11g · Fees: other

    total $13,500

  • 13 · Office expenses

    total $6,665

  • 14 · Information technology

    total $39,082

  • 16 · Occupancy

    total $27,552

  • 19 · Conferences, conventions and meetings

    total $25,996

  • 22 · Depreciation, depletion and amortization

    total $18,408

  • 23 · Insurance

    total $53,389

  • 24a · Other expenses: CONTRACTOR PAYMENTS

    total $14,595,014

  • 24b · Other expenses: BANK SERVICE FEES

    total $8,828

  • 24c · Other expenses: MISCELLANEOUS

    total $1,462

  • 24d · Other expenses: LICENSES

    total $75

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $41,354 · end of year $51,875

  • 4 · Accounts receivable

    beginning of year $1,077,609 · end of year $817,737

  • 9 · Prepaid expenses and deferred charges

    beginning of year $50,163

  • 10a · Land, buildings and equipment: cost or other basis

    $188,162

  • 10b · Land, buildings and equipment: accumulated depreciation

    $82,680

  • 10c · Land, buildings and equipment, net

    beginning of year $123,890 · end of year $105,482

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,034,422 · end of year $774,329

  • 27 · Net assets without donor restrictions

    beginning of year $258,594 · end of year $200,765

Mission and programs · 2022

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 2022 return.

Listed in Part VII

  • Jeff Bommer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Peter Corogin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Timothy Koperdak

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Matt McQueen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • John Novak

    CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Chris Rangus

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Micheal Russelle

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Marc Schueszler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Thomas Shreves

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Chris 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
2022
Filed
5 March 2025
IRS schema version
2022v5.0
Source object
202510649349301121

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