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Nonprofiteer
← ILLINOIS IBEW RENEWABLE ENERGY FUND INC

Form 990 for tax year 2024

Filed by ILLINOIS IBEW RENEWABLE ENERGY FUND INC.

Totals

Total revenue
$1,474,499
Total expenses
$1,580,318
Contributions and grants received
$1,474,499
Grants paid
$16,714
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$522,049
Total liabilities, end of year
$149,819
Net assets or fund balances, end of year
$372,230
Program services expenses (Part IX)
$1,482,027
Management and general expenses
$98,291
Fundraising expenses
$0
Program service expenses (Part III)
$1,482,027

Program services were 93.8% 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.

  • 1e · Government grants (contributions)

    $1,474,499

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $16,714 · program services $16,714

  • 7 · Other salaries and wages

    total $118,105 · program services $118,105

  • 9 · Other employee benefits

    total $10,287 · program services $10,287

  • 10 · Payroll taxes

    total $8,507 · program services $8,507

  • 11b · Fees: legal

    total $10,941 · management and general $10,941

  • 11c · Fees: accounting

    total $73,125 · management and general $73,125

  • 13 · Office expenses

    total $13,324 · management and general $13,324

  • 16 · Occupancy

    total $14,073 · program services $14,073

  • 17 · Travel

    total $55,201 · program services $55,031 · management and general $170

  • 19 · Conferences, conventions and meetings

    total $13,055 · program services $12,949 · management and general $106

  • 21 · Payments to affiliates

    total $956 · program services $956

  • 22 · Depreciation, depletion and amortization

    total $24,497 · program services $24,497

  • 23 · Insurance

    total $5,657 · program services $5,657

  • 24a · Other expenses: TRAINING MATERIALS AND

    total $824,584 · program services $824,284 · management and general $300

  • 24b · Other expenses: TRAINING INSTRUCTORS

    total $276,158 · program services $276,158

  • 24c · Other expenses: REIMBURSEMENT TO IBEW L

    total $100,024 · program services $100,024

  • 24d · Other expenses: RECRUITMENT

    total $14,785 · program services $14,785

  • 24e · All other expenses

    total $325 · management and general $325

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $310,792 · end of year $165,349

  • 3 · Pledges and grants receivable

    beginning of year $214,295 · end of year $220,839

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,779 · end of year $0

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

    $244,966

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

    $165,490

  • 10c · Land, buildings and equipment, net

    beginning of year $103,972 · end of year $79,476

  • 15 · Other assets

    beginning of year $0 · end of year $56,385

  • 17 · Accounts payable and accrued expenses

    beginning of year $171,789 · end of year $93,434

  • 25 · Other liabilities

    beginning of year $0 · end of year $56,385

  • 27 · Net assets without donor restrictions

    beginning of year $478,049 · end of year $372,230

Mission and programs · 2024

Mission

THE ILLINOIS IBEW RENEWABLE ENERGY FUND (REF) PROMOTES THE SAFE, PRODUCTIVE AND SUSTAINABLE GROWTH OF RENEWABLE ENERGY SYSTEMS IN ILLINOIS THROUGH COMMUNITY PARTNERSHIPS, STAKEHOLDER ENGAGEMENT AND EDUCATIONAL SERVICES.

  • THE REF HAS DEVELOPED A CRAFT APPRENTICESHIP PROGRAM TO EMPOWER AND ENGAGE THE NEXT GENERATION OF ELECTRICIANS AND RENEWABLE ENERGY WORKERS WITH AN EMPHASIS ON AND GOAL TO INCREASE THE ADOPTION OF RENEWABLE ENERGY SYSTEMS. PARTNER ORGANIZATIONS, COMMUNITY COLLEGES, HIGH AND JUNIOR HIGH SCHOOLS WILL HAVE THE OPPORTUNITY TO OFFER SPECIFIC JOB TRAINING TO INDIVIDUALS WHO THEN CAN APPLY AND ENTER INTO IBEW APPRENTICESHIP PROGRAMS THROUGHOUT THE STATE OF ILLINOIS. IN ORDER TO ADDRESS ALL OF THE STAKEHOLDERS IN THE RENEWABLE ENERGY INDUSTRY THE REF FACILITATES TRAININGS FOR ELECTRICAL AND BUILDING INSPECTORS, ELECTED OFFICIALS, FIREFIGHTERS/FIRST RESPONDERS, CONTRACTORS, DEVELOPERS, EDUCATORS AND THE GENERAL PUBLIC.

    Expenses $1,482,027 · Grants $16,714

As filed on the 2024 return.

Listed in Part VII

  • Kevin Connolly

    VICE PRESIDENT

    Total calculated
    $243,155
    From this org
    $0
    From related orgs
    $164,527
    Other
    $78,628
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $164,228 related
    Bonus
    $0
    Other
    $0 + $299 related
    Deferred
    $0 + $53,312 related
    Nontaxable benefits
    $0 + $25,316 related
    Filer's total
    $0 + $243,155 related

  • Tim Fitzgibbons

    PRESIDENT

    Total calculated
    $285,532
    From this org
    $0
    From related orgs
    $203,300
    Other
    $82,232
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $202,149 related
    Bonus
    $0
    Other
    $0 + $1,151 related
    Deferred
    $0 + $41,940 related
    Nontaxable benefits
    $0 + $40,292 related
    Filer's total
    $0 + $285,532 related

  • Beatrice Thompson

    SECRETARY

    Total calculated
    $246,810
    From this org
    $0
    From related orgs
    $164,578
    Other
    $82,232
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $164,228 related
    Bonus
    $0
    Other
    $0 + $350 related
    Deferred
    $0 + $41,940 related
    Nontaxable benefits
    $0 + $40,292 related
    Filer's total
    $0 + $246,810 related

  • Joseph Kilcoyne

    TREASURER

    Total calculated
    $247,603
    From this org
    $0
    From related orgs
    $165,371
    Other
    $82,232
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $164,228 related
    Bonus
    $0
    Other
    $0 + $1,143 related
    Deferred
    $0 + $41,940 related
    Nontaxable benefits
    $0 + $40,292 related
    Filer's total
    $0 + $247,603 related

  • Robert Hattier

    EXECUTIVE DIRECTOR

    Total calculated
    $257,133
    From this org
    $0
    From related orgs
    $174,901
    Other
    $82,232
    Hours/week
    16 + 24 related

    Schedule J breakdown matched by us

    Base
    $0 + $174,628 related
    Bonus
    $0
    Other
    $0 + $273 related
    Deferred
    $0 + $41,940 related
    Nontaxable benefits
    $0 + $40,292 related
    Filer's total
    $0 + $257,133 related

  • Tylor O'Connor

    INSTRUCTOR AND SOCIAL MEDIA COORDINATOR

    Total calculated
    $108,127
    From this org
    $108,127
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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
24 June 2025
IRS schema version
2024v5.2
Source object
202521759349301502

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