Form 990 for tax year 2024
Filed by IBEW LOCAL 665 SUPPLEMENTAL UNEMPLOYMENT BENEFIT FUND.
Totals
- Total revenue
- $1,753,961
- Total expenses
- $1,161,817
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,614,020
- Investment income
- $139,941
- Other revenue
- $0
- Total assets, end of year
- $3,791,464
- Total liabilities, end of year
- $98,120
- Net assets or fund balances, end of year
- $3,693,344
- Program services expenses (Part IX)
- $983,231
- Management and general expenses
- $178,586
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $983,231
Program services were 84.6% 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.
-
2a · Program service revenue: EMPLOYER CONTRIBUTIONS
total $1,614,020 · related or exempt $1,614,020
-
3 · Investment income
total $139,941 · excluded $139,941
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $983,231 · program services $983,231
-
11a · Fees: management
total $10,676 · management and general $10,676
-
11b · Fees: legal
total $4,043 · management and general $4,043
-
11c · Fees: accounting
total $6,900 · management and general $6,900
-
11g · Fees: other
total $1,083 · management and general $1,083
-
13 · Office expenses
total $5,383 · management and general $5,383
-
23 · Insurance
total $4,230 · management and general $4,230
-
24a · Other expenses: LOT TAXES
total $141,351 · management and general $141,351
-
24b · Other expenses: DUES AND SUBSCRIPTIONS
total $2,470 · management and general $2,470
-
24c · Other expenses: LOCKBOX AND BANK FEES
total $2,450 · management and general $2,450
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $8,187 · end of year $19,036
-
2 · Savings and temporary cash investments
beginning of year $2,961,243 · end of year $3,613,981
-
4 · Accounts receivable
beginning of year $149,273 · end of year $154,424
-
9 · Prepaid expenses and deferred charges
beginning of year $4,024 · end of year $4,023
-
17 · Accounts payable and accrued expenses
beginning of year $30,017 · end of year $98,120
-
31 · Retained earnings, endowment or other funds
beginning of year $3,092,710 · end of year $3,693,344
Mission and programs · 2024
Mission
The purpose of the fund is to provide benefits to eligible participants to ease economic hardship arising form disruption of employment.
-
The purpose of the fund is to provide benefits to eligible participants to ease economic hardship arising from disruption of employment.
Expenses $983,231
As filed on the 2024 return.
Listed in Part VII
-
Aaaron PangbornAAARON PANGBORN
SECRETARY
- Total calculated
- $184,078
- From this org
- $0
- From related orgs
- $130,062
- Other
- $54,016
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $130,062 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $54,016 related
- Nontaxable benefits
- not reported
- Filer's total
- not reported + $184,078 related
-
Aaron NowlandAARON NOWLAND
TRUSTEE
- Total calculated
- $169,085
- From this org
- $0
- From related orgs
- $115,069
- Other
- $54,016
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $115,069 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $54,016 related
- Nontaxable benefits
- not reported
- Filer's total
- not reported + $169,085 related
-
Bryan BentonBRYAN BENTON
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1 + 40 related
-
Thomas HollandsworthTHOMAS HOLLANDSWORTH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 40 related
-
SAME AS C Above
- Total calculated
- $0
- Hours/week
- 0
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.
-
501c5 · LOCAL · MI
Directly controlled by NA
-
LANSING ELEC JOINT APPRENTICE FUND
501c3 · TRAINING · MI
-
IBEW NECA 665 COOPERATION FUND
501c5 · INDUSTRY · MI
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 corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CENTENNIAL ELECTRICAL LLC
0% owned
-
CENTER LINE ELECTRIC
0% owned
-
COCHRAN ELECTRIC CO
0% owned
-
COMPASS TECHNOLOGY SOLUTIONS
0% owned
-
CONTI CORPORATION
0% owned
-
ESCO ELECTRIC
0% owned
-
ESCON GROUP INC
0% owned
-
GEM INC
0% owned
-
GEMELLARO SYSTEM INTEGRATION
0% owned
-
GEN-CO LLC
0% owned
-
GUARDIAN EQUIPMENT CO
0% owned
-
H & R ELECTRICAL CONTRACTORS
0% owned
-
HALLIGAN ELECTRIC INC
0% owned
-
HATZEL & BUEHLER INC
0% owned
-
HAYES F D ELECTRIC
0% owned
-
HI TECH ELECTRIC CO
0% owned
-
HUNT ELECTRIC CORP
0% owned
-
HUSSMANN SERVICES CORP
0% owned
-
KLA LABORATORIES INC
0% owned
-
LAKE ERIE ELEC OF MI INC
0% owned
-
LEADOMG EDGE TECHNOLOGIES INC
0% owned
-
LEDDY ELECTRIC
0% owned
-
M J ELECTRIC LLC
0% owned
-
MASTER ELECRIC
0% owned
-
MATTIC INC
0% owned
-
MID MICHIGAN ELECTRIC SOLUTIONS
0% owned
-
MOTOR CITY ELECTRIC COMPANY
0% owned
-
NEWKIRK CITY ELECTRIC COMPANY
0% owned
-
PAYNECREST ELECTRIC INC
0% owned
-
PIERCE POWER ELECTRIC COMPANY
0% owned
-
PRECISION ELECTRICAL CONTRACT
0% owned
-
PREMIUM ELECTRIC LLC
0% owned
-
PRIMORIS RENEWABLE ENERGY INC
0% owned
-
PRO TECH CABLING SYSTEMS
0% owned
-
R M ELECTRIC INC
0% owned
-
RANCK J ELECTRIC
0% owned
-
SHAMBAUGH & SONS LP
0% owned
-
SHAW ELECTRIC
0% owned
-
SHAW SYSTEMS & INTEGRATION
0% owned
-
SHOULDICE BROTHERS ELECTRIC DIV
0% owned
-
SUMMIT CONTRACTORS
0% owned
-
SUPERIOR ELECT OF GREAT LAKES
0% owned
-
SUPERIOR ELECT OF LANSING
0% owned
-
SWAN ELECTRIC COMPANY INC
0% owned
-
THIEL ELECTRIC INC
0% owned
-
VEC INC
0% owned
-
WALKER ELECTRIC INC
0% owned
-
WEINSTEIN ELECTRIC
0% owned
-
WHITE CONSTRUCTION INC
0% owned
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 10 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543179349300129
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