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← IBEW LOCAL 481 SUPPLEMENTAL UNEMPLOYMENT BENEFIT FUND

Form 990 for tax year 2023

Filed by IBEW LOCAL 481 SUPPLEMENTAL UNEMPLOYMENT BENEFIT FUND.

Totals

Total revenue
$1,817,232
Total expenses
$1,055,465
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,565,897
Investment income
$247,003
Other revenue
$4,332
Total assets, end of year
$8,607,395
Total liabilities, end of year
$390,704
Net assets or fund balances, end of year
$8,216,691
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.

  • 2a · Program service revenue: EMPLOYER CONTRIBUTIONS

    total $1,565,897 · related or exempt $1,565,897

  • 3 · Investment income

    total $238,386 · excluded $238,386

  • 7a · Gross sales of assets other than inventory

    securities $6,168,139

  • 7b · Less cost or other basis and sales expenses

    securities $6,159,522

  • 7c · Gain or loss

    securities $8,617

  • 7d · Net gain or loss

    total $8,617 · excluded $8,617

  • 11a · Other revenue: GAIN ON DISPOSAL OF PROPERTY AND

    total $4,332 · excluded $4,332

  • 11e · Other revenue, total

    $4,332

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $364,059

  • 5 · Compensation of officers, directors and key employees

    total $22,399

  • 7 · Other salaries and wages

    total $70,442

  • 8 · Pension plan contributions

    total $25,026

  • 9 · Other employee benefits

    total $24,127

  • 10 · Payroll taxes

    total $6,672

  • 11b · Fees: legal

    total $7,637

  • 11c · Fees: accounting

    total $29,362

  • 11f · Fees: investment management

    total $13,881

  • 11g · Fees: other

    total $6,150

  • 13 · Office expenses

    total $43,187

  • 14 · Information technology

    total $43,110

  • 16 · Occupancy

    total $12,658

  • 19 · Conferences, conventions and meetings

    total $31,466

  • 22 · Depreciation, depletion and amortization

    total $23,915

  • 23 · Insurance

    total $11,782

  • 24a · Other expenses: RETIREE CONTRIBUTIONS T

    total $311,879

  • 24b · Other expenses: BENEFIT FAIR EXPENSE

    total $7,713

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $625,248 · end of year $1,324,963

  • 2 · Savings and temporary cash investments

    beginning of year $65,538 · end of year $21,590

  • 4 · Accounts receivable

    beginning of year $261,789 · end of year $357,532

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

    $124,825

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

    $94,083

  • 10c · Land, buildings and equipment, net

    beginning of year $36,110 · end of year $30,742

  • 11 · Investments: publicly traded securities

    beginning of year $6,534,865 · end of year $6,872,568

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,955 · end of year $4,309

  • 25 · Other liabilities

    beginning of year $201,764 · end of year $386,395

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $7,317,831 · end of year $8,216,691

Mission and programs · 2023

Mission

PROVIDE SUPPLEMENTAL UNEMPLOYMENT BENEFITS

  • PAYMENT OF SUPPLEMENTAL UNEMPLOYMENT BENEFITS TO ELIGIBLE UNEMPLOYED PARTICIPANTS OF THIS FUND IN ACCORDANCE WITH PLAN DOCUMENTS.

As filed on the 2023 return.

Listed in Part VII

  • Jeff Wheeler

    TRUSTEE

    Total calculated
    $184,097
    From this org
    $0
    From related orgs
    $113,264
    Other
    $70,833
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $112,490 related
    Bonus
    $0
    Other
    $0 + $774 related
    Deferred
    $0 + $40,432 related
    Nontaxable benefits
    $0 + $30,401 related
    Filer's total
    $0 + $184,097 related

  • Adam Rude

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Brian Miller

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Andrew Williams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Larry Van Tries

    ALTERNATE TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Ryan Ballou

    TRUSTEE

    Total calculated
    $6,833
    From this org
    $0
    From related orgs
    $4,226
    Other
    $2,607
    Hours/week
    1 + 1 related

  • Jason Burcham

    ALTERNATE TRUSTEE

    Total calculated
    $176,367
    From this org
    $0
    From related orgs
    $107,484
    Other
    $68,883
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $106,710 related
    Bonus
    $0
    Other
    $0 + $774 related
    Deferred
    $0 + $38,482 related
    Nontaxable benefits
    $0 + $30,401 related
    Filer's total
    $0 + $176,367 related

  • Chad Ison

    TRUSTEE

    Total calculated
    $7,986
    From this org
    $0
    From related orgs
    $5,422
    Other
    $2,564
    Hours/week
    1 + 1 related

  • David Ray

    PLAN ADMINISTRATOR

    Total calculated
    $228,329
    From this org
    $0
    From related orgs
    $150,867
    Other
    $77,462
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $146,533 related
    Bonus
    $0
    Other
    $0 + $4,334 related
    Deferred
    $0 + $50,666 related
    Nontaxable benefits
    $0 + $26,796 related
    Filer's total
    $0 + $228,329 related

  • Whitney King

    ASSISTANT PLAN ADMINISTRATOR

    Total calculated
    $170,097
    From this org
    $0
    From related orgs
    $105,868
    Other
    $64,229
    Hours/week
    16 + 24 related

    Schedule J breakdown matched by us

    Base
    $0 + $105,868 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $37,287 related
    Nontaxable benefits
    $0 + $26,942 related
    Filer's total
    $0 + $170,097 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

  • 3 · Approval by the board or compensation committee

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.

  • ELECTRICAL WORKERS BENEFIT TRUST FUND

    501(C)(9) · FUND PROVIDES HEALTH BENEFITS TO PARTICIPANTS AND ELIGBLE DEPENDENTS · IN

  • INDIANA ELECTRICAL WORKERS PENSION TRUST FUND

    401A · PROVIDES PENSION BENEFITS TO PARTICIPANTS · IN

  • IBEW LOCAL UNION 481 DEFINED CONTRIBUTION PLAN AND TRUST

    401A · PROVIDES PENSION BENEFITS TO PARTICIPANTS · IN

  • IBEW LOCAL UNION 481

    501(C)(5) · LABOR UNION · IN

  • INDIANAPOLIS ELECTRICAL JATC

    501(C)(3) · TRAINING FUND · IN

  • INDIANA PLAN FOR EQUAL EMPLOYMENT

    CONTRIBUTING EMPLOYER

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • SHAMBAUGH & SON LP

    CONTRIBUTING EMPLOYER

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ATEC ELECTRICAL CONTRACTORS

    CONTRIBUTING EMPLOYER

  • ADVANTAGE ELECTRIC SERVICES LL

    CONTRIBUTING EMPLOYER

  • ALDRIDGE ELECTRIC INC

    CONTRIBUTING EMPLOYER

  • ALLSTAR CONTRACTING LLC

    CONTRIBUTING EMPLOYER

  • ALPHA MECHANICAL SERVICE

    CONTRIBUTING EMPLOYER

  • ATLANTIC PLANT MAINTENANCE INC

    CONTRIBUTING EMPLOYER

  • APPLE ELECTRIC

    CONTRIBUTING EMPLOYER

  • AREA WIDE ELECTRIC INC

    CONTRIBUTING EMPLOYER

  • BANTA ELECTRICAL CONTRACTORS

    CONTRIBUTING EMPLOYER

  • B & K ELECTRICAL CONTRACTORS

    CONTRIBUTING EMPLOYER

  • BARTH ELECTRIC CO

    CONTRIBUTING EMPLOYER

  • BLOCK ELECTRIC CO INC

    CONTRIBUTING EMPLOYER

  • BMWC CONSTRUCTORS INC

    CONTRIBUTING EMPLOYER

  • BOTT ELECTRIC INC

    CONTRIBUTING EMPLOYER

  • MADDOX ELECTRIC COMPANY INC

    CONTRIBUTING EMPLOYER

  • CACHE VALLEY ELECTRIC CO

    CONTRIBUTING EMPLOYER

  • CAPITAL ELECTRIC INC

    CONTRIBUTING EMPLOYER

  • CARLIN ELECTRIC LLC

    CONTRIBUTING EMPLOYER

  • CENTRAL STATE

    CONTRIBUTING EMPLOYER

  • COMPLETE ELECTRICAL & COMMUN

    CONTRIBUTING EMPLOYER

  • CONNECT ELECTRIC INC

    CONTRIBUTING EMPLOYER

  • COOPER ELECTRIC

    CONTRIBUTING EMPLOYER

  • DAVE O'MARA CONTRACTOR INC

    CONTRIBUTING EMPLOYER

  • DEBRA-KUEMPEL

    CONTRIBUTING EMPLOYER

  • JAMES H DREW CORPORATION

    CONTRIBUTING EMPLOYER

  • ELECTRICAL SPECIALISTS LLC

    CONTRIBUTING EMPLOYER

  • ELECTRO DESIGN ENGINEERING

    CONTRIBUTING EMPLOYER

  • ELECTRIC PLUS INC

    CONTRIBUTING EMPLOYER

  • ERMCO INC

    CONTRIBUTING EMPLOYER

  • ESI ELECTRIC INC

    CONTRIBUTING EMPLOYER

  • FERRILL FISHER LLC

    CONTRIBUTING EMPLOYER

  • GLENWOOD ELECTRIC INC

    CONTRIBUTING EMPLOYER

  • HARMESON ELECTRIC LLC

    CONTRIBUTING EMPLOYER

  • HIGH VOLTAGE MAINTENANCE CORP

    CONTRIBUTING EMPLOYER

  • HILLIARD ELECTRIC LLC

    CONTRIBUTING EMPLOYER

  • THE HOOSIER COMPANY INC

    CONTRIBUTING EMPLOYER

  • HOOSIER INDUSTRIAL ELECTRIC

    CONTRIBUTING EMPLOYER

  • HUSTON ELECTRIC INC

    CONTRIBUTING EMPLOYER

  • INTEGRATED POWER AND TECHNOLOG

    CONTRIBUTING EMPLOYER

  • INDUSTRIAL ELECTRIC INC

    CONTRIBUTING EMPLOYER

  • J & J ELECTRIC OF INDIANA INC

    CONTRIBUTING EMPLOYER

  • JL ELECTRICAL SERVICES LLC

    CONTRIBUTING EMPLOYER

  • KAISER ELECTRICAL CONTRACTORS

    CONTRIBUTING EMPLOYER

  • KK HALL INC

    CONTRIBUTING EMPLOYER

  • LEYDEN ELECTRIC INC

    CONTRIBUTING EMPLOYER

  • LINK ELECTRIC CO INC

    CONTRIBUTING EMPLOYER

  • LIVE WIRE CONSULTING INC

    CONTRIBUTING EMPLOYER

  • LONG ELECTRIC CO INC

    CONTRIBUTING EMPLOYER

  • MAJESTIC ELECTRIC INC

    CONTRIBUTING EMPLOYER

  • MARTELL ELECTRIC LLC

    CONTRIBUTING EMPLOYER

  • MAVERICK ELECTRICAL SOLUTIONS

    CONTRIBUTING EMPLOYER

  • MILLER-EADS COMPANY INC

    CONTRIBUTING EMPLOYER

  • NRK INC

    CONTRIBUTING EMPLOYER

  • NUGENT ELECTRIC INC

    CONTRIBUTING EMPLOYER

  • PALS ELECTRIC INC

    CONTRIBUTING EMPLOYER

  • PAYNE ELECTRIC COMPANY

    CONTRIBUTING EMPLOYER

  • POTOMAC ELECTRICAL SERVICES L

    CONTRIBUTING EMPLOYER

  • PULSE ELECTRIC LLC

    CONTRIBUTING EMPLOYER

  • QUALITY CONTROLS & ELECTRICAL

    CONTRIBUTING EMPLOYER

  • R & M ELECTRIC INC

    CONTRIBUTING EMPLOYER

  • RELIANT ELECTRIC & SOLAR LLC

    CONTRIBUTING EMPLOYER

  • RIVERSIDE ELECTRIC INC

    CONTRIBUTING EMPLOYER

  • SEXSON MECHANICAL CORPORATION

    CONTRIBUTING EMPLOYER

  • SOLAR ELECTRIC TURBINE CO LLC

    CONTRIBUTING EMPLOYER

  • STERLING INDUSTRIAL LLC

    CONTRIBUTING EMPLOYER

  • SUMMIT ELECTRICAL COMPANY LLC

    CONTRIBUTING EMPLOYER

  • SUN ELECTRIC INC

    CONTRIBUTING EMPLOYER

  • TC ELECTRIC INC

    CONTRIBUTING EMPLOYER

  • TOTAL ELECTRICAL SYSTEMS TESTI

    CONTRIBUTING EMPLOYER

  • WELLS GLOBAL WEST

    CONTRIBUTING EMPLOYER

  • WEST ELECTRIC INC

    CONTRIBUTING EMPLOYER

  • WHITE ELECTRICAL CONSTRUCTION

    CONTRIBUTING EMPLOYER

  • WOODS ELECTRICAL CONTRACTORS I

    CONTRIBUTING EMPLOYER

  • XCEED ELECTRIC INC

    CONTRIBUTING EMPLOYER

  • XL INDUSTRIAL SERVICES INC

    CONTRIBUTING EMPLOYER

Provenance

Return type
form_990
Tax year
2023
Filed
28 August 2024
IRS schema version
2023v5.1
Source object
202432419349301358

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