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Nonprofiteer
← ELECTCRAFTS INCORPORATED

Form 990 for tax year 2024

Filed by ELECTCRAFTS INCORPORATED.

Totals

Total revenue
$722,333
Total expenses
$145,159
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$720,288
Investment income
$2,045
Other revenue
$0
Total assets, end of year
$3,452,914
Total liabilities, end of year
$1,372,668
Net assets or fund balances, end of year
$2,080,246
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: BUILDING ASSESSMENTS

    total $605,031 · related or exempt $605,031

  • 2b · Program service revenue: RENTAL INCOME

    total $115,257 · related or exempt $115,257

  • 3 · Investment income

    total $2,045 · excluded $2,045

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $7,300

  • 16 · Occupancy

    total $61,362

  • 22 · Depreciation, depletion and amortization

    total $76,497

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $420,029 · end of year $469,734

  • 2 · Savings and temporary cash investments

    beginning of year $62,989 · end of year $64,793

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

    $3,184,478

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

    $322,403

  • 10c · Land, buildings and equipment, net

    beginning of year $2,938,572 · end of year $2,862,075

  • 15 · Other assets

    beginning of year $33,168 · end of year $56,312

  • 23 · Secured mortgages and notes payable

    beginning of year $591,713 · end of year $112,695

  • 25 · Other liabilities

    beginning of year $1,359,973 · end of year $1,259,973

  • 27 · Net assets without donor restrictions

    beginning of year $1,503,072 · end of year $2,080,246

Mission and programs · 2024

Mission

THE ORGANIZATION HOLDS TITLE TO PROPERTY ON BEHALF OF THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 401.

Activities or mission (Part I)

THE ORGANIZATION HOLDS TITLE TO PROPERTY ON BEHALF OF THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 401. RESPONSIBILITIES AND SERVICES OF THE ORGANIZATION INCLUDE REPAIRS AND MAINTENANCE TO THE BUILDING, TAXES, AND OTHER OCCUPANCY COSTS.

  • TO PROVIDE FACILITIES AND EQUIPMENT TO IBEW LOCAL NO. 401, A TAX-EXEMPT ELECTRICAL UNION AND FOR ITS TAX-EXEMPT AFFILIATES.

As filed on the 2024 return.

Listed in Part VII

  • Jacob Haas

    BUSINESS MANAGER/FIN SEC

    Total calculated
    $189,653
    From this org
    $0
    From related orgs
    $147,492
    Other
    $42,161
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $145,516 related
    Bonus
    $0
    Other
    $0 + $1,976 related
    Deferred
    $0 + $33,041 related
    Nontaxable benefits
    $0 + $9,120 related
    Filer's total
    $0 + $189,653 related
  • Joel Byrne

    PRESIDENT

    Total calculated
    $6,004
    From this org
    $0
    From related orgs
    $6,004
    Other
    $0
    Hours/week
    0.5
  • Asa Barton

    VICE PRESIDENT

    Total calculated
    $162,734
    From this org
    $0
    From related orgs
    $121,680
    Other
    $41,054
    Hours/week
    0.5

    Schedule J breakdown matched by us

    Base
    $0 + $120,261 related
    Bonus
    $0
    Other
    $0 + $1,419 related
    Deferred
    $0 + $31,934 related
    Nontaxable benefits
    $0 + $9,120 related
    Filer's total
    $0 + $162,734 related
  • Theresa Straight

    TREASURER

    Total calculated
    $3,168
    From this org
    $0
    From related orgs
    $3,168
    Other
    $0
    Hours/week
    0.5
  • Thomas Moxley

    SECRETARY

    Total calculated
    $4,948
    From this org
    $0
    From related orgs
    $4,948
    Other
    $0
    Hours/week
    0.5
  • Chris Barrett

    EXECUTIVE BOARD

    Total calculated
    $1,780
    From this org
    $0
    From related orgs
    $1,780
    Other
    $0
    Hours/week
    0.5
  • Paul Davies

    EXECUTIVE BOARD

    Total calculated
    $0
    Hours/week
    0.5
  • Ian Robinson

    EXECUTIVE BOARD

    Total calculated
    $2,333
    From this org
    $0
    From related orgs
    $2,333
    Other
    $0
    Hours/week
    0.5
  • Ryan Hunt

    EXECUTIVE BOARD

    Total calculated
    $0
    Hours/week
    0.5
  • Scott Wilkes

    EXECUTIVE BOARD

    Total calculated
    $0
    Hours/week
    0.5
  • David Gibson

    EXECUTIVE BOARD

    Total calculated
    $0
    Hours/week
    0.5

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 · Written employment contract

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION BY THE RELATED ORGANIZATION IS DETERMINED BY THE COLLECTIVE BARGAINING AGREEMENT.

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
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202533179349311698

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