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Nonprofiteer
← ILLINOIS IBEW RENEWABLE ENERGY FUND INC

Form 990 for tax year 2022

Filed by ILLINOIS IBEW RENEWABLE ENERGY FUND INC.

Totals

Total revenue
$735,050
Total expenses
$1,046,007
Contributions and grants received
$735,050
Grants paid
$7,688
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$548,543
Total liabilities, end of year
$35,181
Net assets or fund balances, end of year
$513,362
Program services expenses (Part IX)
$947,272
Management and general expenses
$98,735
Fundraising expenses
$0
Program service expenses (Part III)
$947,272

Program services were 90.6% 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.

  • 1e · Government grants (contributions)

    $504,275

  • 1f · All other contributions, gifts and grants

    $230,775

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $7,688 · program services $7,688

  • 7 · Other salaries and wages

    total $11,518 · program services $10,270 · management and general $1,248

  • 10 · Payroll taxes

    total $1,156 · program services $1,156

  • 11b · Fees: legal

    total $10,827 · management and general $10,827

  • 11c · Fees: accounting

    total $35,082 · management and general $35,082

  • 11g · Fees: other

    total $12,000 · program services $12,000

  • 12 · Advertising and promotion

    total $383 · program services $383

  • 13 · Office expenses

    total $1,327 · management and general $1,327

  • 17 · Travel

    total $42,001 · program services $42,001

  • 19 · Conferences, conventions and meetings

    total $2,795 · program services $2,538 · management and general $257

  • 21 · Payments to affiliates

    total $1,364 · program services $1,364

  • 22 · Depreciation, depletion and amortization

    total $24,497 · program services $24,497

  • 23 · Insurance

    total $16,121 · program services $13,323 · management and general $2,798

  • 24a · Other expenses: TRAINING MATERIALS AND

    total $587,649 · program services $587,349 · management and general $300

  • 24b · Other expenses: TRAINING INSTRUCTORS

    total $105,973 · program services $105,973

  • 24c · Other expenses: REIMBURSEMENT TO IBEW L

    total $92,423 · program services $92,423

  • 24d · Other expenses: IN-KIND EXPENSES

    total $76,629 · program services $30,383 · management and general $46,246

  • 24e · All other expenses

    total $16,574 · program services $15,924 · management and general $650

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $681,141 · end of year $288,525

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $113,080

  • 9 · Prepaid expenses and deferred charges

    beginning of year $18,907 · end of year $18,469

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

    $244,966

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

    $116,497

  • 10c · Land, buildings and equipment, net

    beginning of year $152,966 · end of year $128,469

  • 17 · Accounts payable and accrued expenses

    beginning of year $28,695 · end of year $35,181

  • 28 · Net assets with donor restrictions

    beginning of year $824,319 · end of year $513,362

Mission and programs · 2022

Mission

THE ILLINOIS IBEW RENEWABLE ENERGY FUND (REF) PROMOTES THE SAFE, PRODUCTIVE AND SUSTAINABLE GROWTH OF RENEWABLE ENERGY SYSTEMS IN ILLINOIS THROUGH COMMUNITY PARTNERSHIPS, STAKEHOLDER ENGAGEMENT AND EDUCATIONAL SERVICES.

  • THE REF HAS DEVELOPED A CRAFT APPRENTICESHIP PROGRAM TO EMPOWER AND ENGAGE THE NEXT GENERATION OF ELECTRICIANS AND RENEWABLE ENERGY WORKERS WITH AN EMPHASIS ON AND GOAL TO INCREASE THE ADOPTION OF RENEWABLE ENERGY SYSTEMS. PARTNER ORGANIZATIONS, COMMUNITY COLLEGES, HIGH AND JUNIOR HIGH SCHOOLS WILL HAVE THE OPPORTUNITY TO OFFER SPECIFIC JOB TRAINING TO INDIVIDUALS WHO THEN CAN APPLY AND ENTER INTO IBEW APPRENTICESHIP PROGRAMS THROUGHOUT THE STATE OF ILLINOIS. IN ORDER TO ADDRESS ALL OF THE STAKEHOLDERS IN THE RENEWABLE ENERGY INDUSTRY THE REF FACILITATES TRAININGS FOR ELECTRICAL AND BUILDING INSPECTORS, ELECTED OFFICIALS, FIREFIGHTERS/FIRST RESPONDERS, CONTRACTORS, DEVELOPERS, EDUCATORS AND THE GENERAL PUBLIC.

    Expenses $947,272 · Grants $7,688

As filed on the 2022 return.

Listed in Part VII

  • Kevin Connolly

    VICE PRESIDENT

    Total calculated
    $226,627
    From this org
    $0
    From related orgs
    $152,851
    Other
    $73,776
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $151,913 related
    Bonus
    $0
    Other
    $0 + $938 related
    Deferred
    $0 + $50,516 related
    Nontaxable benefits
    $0 + $23,260 related
    Filer's total
    $0 + $226,627 related

  • Beatrice Thomas

    SECRETARY

    Total calculated
    $228,284
    From this org
    $0
    From related orgs
    $151,913
    Other
    $76,371
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $151,913 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $37,560 related
    Nontaxable benefits
    $0 + $38,811 related
    Filer's total
    $0 + $228,284 related

  • Tim Fitzgibbons

    PRESIDENT

    Total calculated
    $264,037
    From this org
    $0
    From related orgs
    $187,666
    Other
    $76,371
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $186,940 related
    Bonus
    $0
    Other
    $0 + $726 related
    Deferred
    $0 + $37,560 related
    Nontaxable benefits
    $0 + $38,811 related
    Filer's total
    $0 + $264,037 related

  • Joseph Kilcoyne

    TREASURER

    Total calculated
    $228,284
    From this org
    $0
    From related orgs
    $151,913
    Other
    $76,371
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $151,913 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $37,560 related
    Nontaxable benefits
    $0 + $38,811 related
    Filer's total
    $0 + $228,284 related

  • Robert Hattier

    EXECUTIVE DIRECTOR

    Total calculated
    $228,284
    From this org
    $0
    From related orgs
    $151,913
    Other
    $76,371
    Hours/week
    16 + 24 related

    Schedule J breakdown matched by us

    Base
    $0 + $151,913 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $37,560 related
    Nontaxable benefits
    $0 + $38,811 related
    Filer's total
    $0 + $228,284 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202343179349300334

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