Form 990 for tax year 2023

Totals

Total revenue

$38,644,648

Total expenses

$27,716,306

Contributions and grants received

$0

Grants paid

$1,729,446

Program service revenue

$35,599,440

Investment income

$2,445,301

Other revenue

$599,907

Total assets, end of year

$102,933,215

Total liabilities, end of year

$172,876

Net assets or fund balances, end of year

$102,760,339

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.

Mission and programs · 2023

• DUES & WELFARE PROTECTION FUND PROVIDES BENEFITS FOR PENSIONED MEMBERS,DISABLED MEMBERS, AND SICK MEMBERS.

• LOCAL UNION #98 IBEW SUP 2100 FUND - THIS FUND PROVIDES FINANCIALASSISTANCE FOR LOCAL UNION MEMBERS WHO ARE AVAILABLE FOR WORK BUT AREUNEMPLOYED AND HAVE BEEN UNABLE TO OBTAIN EMPLOYMENT THROUGH THEIR OWNEFFORTS OR THE LOCAL UNION OFFICE AND NOT RECEIVING STATE UNEMPLOYMENTBENEFITS.

• LOCAL UNION #98 IBEW JOB RECOVERY FUND - THIS FUND SUBSIDIZES TARGETEDPROJECTS TO PROMOTE JOB OPPORTUNITIES FOR UNION MEMBERS AND TO PROMOTETHE GOODWILL OF THE UNION FOR ECONOMIC DEVELOPMENT THROUGH CHARITABLECONTRIBUTIONS, MARKETING, CONSULTING AGREEMENTS AND UNION EMPLOYEESALARIES

As filed on the 2023 return.

Listed in Part VII

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

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

• PHILLY ELECTRICAL SERVICES

  $533,325

  MARKEY RECOVERY SUPPLEMENT

• LCN PARTNERS INC

  $247,651

  MARKEY RECOVERY - COMMUNITY SERVICE PROJECT

• LYNDEE CORPORATION ELECTRICAL CONTRACTORS

  $200,000

  MARKEY RECOVERY SUPPLEMENT

• RUE ELECTRIC INC

  $150,000

  MARKEY RECOVERY SUPPLEMENT

• MCGOLDRICK ELECTRIC INC

  $100,000

  MARKEY RECOVERY SUPPLEMENT

• ANMAR ELECTRICAL CONTRACTORS

  $78,000

  MARKEY RECOVERY SUPPLEMENT

• ACME MARKETS (ALBERTSONS COMPANIES FOUNDATION)

  $30,695

  SUPPORT

• 2M ELECTRIC LLC

  $30,000

  MARKEY RECOVERY SUPPLEMENT

• GOLDSMITH ASSOCIATES INC

  $25,000

  MARKEY RECOVERY SUPPLEMENT

• MADDEN ELECTRIC ASSOCIATES INC

  $25,000

  MARKEY RECOVERY SUPPLEMENT

The 10 largest by cash amount. The API serves every itemized grant.

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.

• IBEW LOCAL 98NECA SCHOLARSHIP FUND

  501(C)(9) · TO PROVIDE SCHOLARSHIPS FOR DEPENDENT CHILDREN OF LOCAL UNION MEMBERS · PA

• APPRENTICE TRAINING FOR THE ELECTRICAL INDUSTRY

  501(C)(5) · EDUCATION AND TRAINING FOR ALL APPRENTICES OF LOCAL UNION #98 I.B.E.W. · PA

• IBEW LOCAL 98COMMITTEE ON POLITICAL EDUCATION

  527 · POLITICAL ACTION COMMITTEE · PA

• IBEW LOCAL UNION NO 98 GROUP INSURANCE PLAN

  501(C)(9) · LIFE INSURANCE FOR IBEW LOCAL 98 MEMBERS · PA

• IBEW LOCAL UNION NO 98 PENSION PLAN

  401(A) 501(A) · PENSION PLAN · PA

• IBEW LOCAL UNION NO 98 HEALTH AND WELFARE FUND

  501(C)(9) · HEALTH AND WELFARE BENEFITS · PA

• IBEW LOCAL UNION NO 98 PROFIT SHARING PLAN

  401(A) 501(A) · MONEY PURCHASE PENSION PLAN · PA

• IBEW LOCAL UNION NO 98 ZONE 2 PENSION TRUST

  401(A) 501(A) · PENSION PLAN · PA

• IBEW LOCAL NO98 LABOR-MGMT COOPERATION COMMITTEE

  501(C)(5) · LABOR AND MANAGEMENT COMMITTEE · PA

• IBEW LOCAL UNION NO 98 SOUND AND COMMUNICATION WKRS HEALTH AND WELFARE FUND

  501(C)(9) · HEALTH AND WELFARE BENEFITS · PA

• 298 INC

  501(C)(3) · CHARITABLE ORGANIZATION · PA

Provenance

Return type

form_990

Tax year

2023

Filed

15 November 2024

IRS schema version

2023v5.1

Source object

202423209349305442

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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