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Nonprofiteer
← IBEW LOCAL 292 BUILDING CORPORATION

Form 990 for tax year 2023

Filed by IBEW LOCAL 292 BUILDING CORPORATION.

Totals

Total revenue
$2,021,191
Total expenses
$349,880
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$2,021,191
Total assets, end of year
$10,579,804
Total liabilities, end of year
$1,904,761
Net assets or fund balances, end of year
$8,675,043
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 6a · Gross rents

    real property $337,200

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $337,200

  • 6d · Net rental income or loss

    total $337,200 · related or exempt $337,200

  • 11a · Other revenue: TRANSFER FROM LOCAL UNION

    total $1,683,991 · excluded $1,683,991

  • 11e · Other revenue, total

    $1,683,991

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $201

  • 11c · Fees: accounting

    total $3,400

  • 11g · Fees: other

    total $2,016

  • 13 · Office expenses

    total $16

  • 20 · Interest

    total $52,587

  • 22 · Depreciation, depletion and amortization

    total $277,183

  • 23 · Insurance

    total $14,477

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $185,067 · end of year $1,669,775

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

    $9,922,649

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

    $1,012,620

  • 10c · Land, buildings and equipment, net

    beginning of year $9,082,900 · end of year $8,910,029

  • 23 · Secured mortgages and notes payable

    beginning of year $2,264,235 · end of year $1,904,761

  • 27 · Net assets without donor restrictions

    beginning of year $7,003,732 · end of year $8,675,043

Mission and programs · 2023

Mission

TO HOLD TITLE TO PROPERTY THAT IS OCCUPIED BY INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO. 292

Activities or mission (Part I)

BUILDING CORPORATION

  • TO HOLD TITLE TO PROPERTY, COLLECT INCOME FROM AND PAY EXPENSES OF THE PROPERTY, AND TURN OVER ANY REMAINING INCOME TO AN ORGANIZATION WHICH ITSELF IS EXEMPT FROM TAXES.

As filed on the 2023 return.

Listed in Part VII

  • Jeffrey Heimerl

    BUSINESS MANAGER

    Total calculated
    $245,285
    From this org
    $0
    From related orgs
    $179,536
    Other
    $65,749
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $179,536 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $40,827 related
    Nontaxable benefits
    $0 + $24,922 related
    Filer's total
    $0 + $245,285 related
  • Daniel Ferguson

    PRESIDENT-PAST/BUSINESS REP

    Total calculated
    $193,688
    From this org
    $0
    From related orgs
    $137,209
    Other
    $56,479
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $137,209 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $32,345 related
    Nontaxable benefits
    $0 + $24,134 related
    Filer's total
    $0 + $193,688 related
  • John Kripotos

    PRESIDENT/BUSINESS REP

    Total calculated
    $193,688
    From this org
    $0
    From related orgs
    $137,209
    Other
    $56,479
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $137,209 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $32,345 related
    Nontaxable benefits
    $0 + $24,134 related
    Filer's total
    $0 + $193,688 related
  • William Krause

    VICE PRESIDENT/BUSINESS REP

    Total calculated
    $193,688
    From this org
    $0
    From related orgs
    $137,209
    Other
    $56,479
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $137,209 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $32,345 related
    Nontaxable benefits
    $0 + $24,134 related
    Filer's total
    $0 + $193,688 related
  • David Frary

    TREASURER/BUSINESS REP

    Total calculated
    $193,688
    From this org
    $0
    From related orgs
    $137,209
    Other
    $56,479
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $137,209 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $32,345 related
    Nontaxable benefits
    $0 + $24,134 related
    Filer's total
    $0 + $193,688 related
  • Todd Huttner

    RECORDING SECRETARY

    Total calculated
    $3,594
    From this org
    $0
    From related orgs
    $3,184
    Other
    $410
    Hours/week
    0.1 + 0.3 related
  • Jennifer Mudge

    FINANCIAL SEC/BUSINESS REP

    Total calculated
    $207,042
    From this org
    $0
    From related orgs
    $147,564
    Other
    $59,478
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $147,564 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $34,556 related
    Nontaxable benefits
    $0 + $24,922 related
    Filer's total
    $0 + $207,042 related
  • Keith Anderson

    EXECUTIVE BOARD

    Total calculated
    $753
    From this org
    $0
    From related orgs
    $728
    Other
    $25
    Hours/week
    0.1 + 0.3 related
  • Dean Lewis

    EXECUTIVE BOARD

    Total calculated
    $674
    From this org
    $0
    From related orgs
    $674
    Other
    $0
    Hours/week
    0.1 + 0.3 related
  • Daniel McConnell

    EXECUTIVE BOARD

    Total calculated
    $670
    From this org
    $0
    From related orgs
    $670
    Other
    $0
    Hours/week
    0.1 + 0.3 related
  • Jeffrey Orth

    EXECUTIVE BOARD-PAST

    Total calculated
    $296
    From this org
    $0
    From related orgs
    $284
    Other
    $12
    Hours/week
    0.1 + 0.3 related
  • Michael Subject

    EXECUTIVE BOARD

    Total calculated
    $1,295
    From this org
    $0
    From related orgs
    $1,039
    Other
    $256
    Hours/week
    0.1 + 0.3 related
  • Anthony Carter

    EXECUTIVE BOARD-PAST

    Total calculated
    $0
    Hours/week
    0.1 + 0.3 related
  • Kurt Tulp

    EXECUTIVE BOARD

    Total calculated
    $1,957
    From this org
    $0
    From related orgs
    $1,732
    Other
    $225
    Hours/week
    0.1 + 0.3 related
  • Christine Ulm

    EXECUTIVE BOARD

    Total calculated
    $6,087
    From this org
    $0
    From related orgs
    $4,491
    Other
    $1,596
    Hours/week
    0.1 + 0.3 related
  • Myles Lembke

    EXECUTIVE BOARD-PAST

    Total calculated
    $7,641
    From this org
    $0
    From related orgs
    $6,013
    Other
    $1,628
    Hours/week
    0.1 + 0.3 related
  • John Winkels

    EXECUTIVE BOARD

    Total calculated
    $9,017
    From this org
    $0
    From related orgs
    $8,041
    Other
    $976
    Hours/week
    0.1 + 0.3 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

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
2023
Filed
14 May 2024
IRS schema version
2023v5.0
Source object
202411359349308916

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