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Nonprofiteer
← IBEW LOCAL UNION 150

Form 990 for tax year 2023

Filed by IBEW LOCAL UNION 150.

Totals

Total revenue
$2,525,982
Total expenses
$2,250,242
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,213,040
Investment income
$183,544
Other revenue
$129,398
Total assets, end of year
$8,033,919
Total liabilities, end of year
$16,875
Net assets or fund balances, end of year
$8,017,044
Program services expenses (Part IX)
$1,926,131
Management and general expenses
$324,111
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 85.6% 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: MEMBERSHIP DUES

    total $2,213,040 · related or exempt $2,213,040

  • 3 · Investment income

    total $182,544 · excluded $182,544

  • 7a · Gross sales of assets other than inventory

    other assets $1,000

  • 7c · Gain or loss

    other assets $1,000

  • 7d · Net gain or loss

    total $1,000 · related or exempt $1,000

  • 11a · Other revenue: MISCELLANEOUS

    total $124,700 · related or exempt $124,700

  • 11b · Other revenue: RESALE OF INVENTORY

    total $4,698 · related or exempt $4,698

  • 11e · Other revenue, total

    $129,398

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $909,996 · program services $909,996

  • 7 · Other salaries and wages

    total $115,135 · program services $115,135

  • 8 · Pension plan contributions

    total $263,899 · program services $263,899

  • 10 · Payroll taxes

    total $50,470 · program services $50,470

  • 11b · Fees: legal

    total $4,838 · management and general $4,838

  • 11c · Fees: accounting

    total $22,015 · management and general $22,015

  • 12 · Advertising and promotion

    total $1,170 · program services $1,170

  • 13 · Office expenses

    total $124,778 · management and general $124,778

  • 14 · Information technology

    total $13,111 · management and general $13,111

  • 16 · Occupancy

    total $16,840 · program services $16,840

  • 17 · Travel

    total $16,580 · management and general $16,580

  • 19 · Conferences, conventions and meetings

    total $93,040 · program services $93,040

  • 21 · Payments to affiliates

    total $453,307 · program services $453,307

  • 22 · Depreciation, depletion and amortization

    total $26,616 · management and general $26,616

  • 23 · Insurance

    total $25,937 · management and general $25,937

  • 24a · Other expenses: BUILDING EXPENSES

    total $36,567 · management and general $36,567

  • 24b · Other expenses: COM FOR RESPONSIBLE GOVT

    total $16,500 · program services $16,500

  • 24c · Other expenses: PICNIC EXPENSES

    total $14,379 · management and general $14,379

  • 24d · Other expenses: DONATIONS

    total $13,750 · management and general $13,750

  • 24e · All other expenses

    total $31,314 · program services $5,774 · management and general $25,540

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $313,797 · end of year $363,260

  • 2 · Savings and temporary cash investments

    beginning of year $2,509,837 · end of year $2,485,892

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

    $256,766

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

    $174,957

  • 10c · Land, buildings and equipment, net

    beginning of year $76,270 · end of year $81,809

  • 11 · Investments: publicly traded securities

    beginning of year $2,601,582 · end of year $2,847,350

  • 15 · Other assets

    beginning of year $2,255,608 · end of year $2,255,608

  • 25 · Other liabilities

    beginning of year $16,875 · end of year $16,875

  • 27 · Net assets without donor restrictions

    beginning of year $7,740,219 · end of year $8,017,044

Mission and programs · 2023

Mission

ECONOMIC, SOCIAL AND MORAL ADVANCEMENT OF LOCAL 150 MEMBERS.

  • THE ECONOMIC, SOCIAL AND MORAL ADVANCEMENT OF THE MEMBERSHIP IS BEING ACCOMPLISHED THROUGH THE USE OF UNION FUNDS.

As filed on the 2023 return.

Listed in Part VII

  • Steve Smart

    BUSINESS MAN

    Total calculated
    $227,678
    From this org
    $136,228
    From related orgs
    $0
    Other
    $91,450
    Hours/week
    45 + 2 related

    Schedule J breakdown matched by us

    Base
    $136,228
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $91,450
    Filer's total
    $227,678
  • Jeff Schwingbeck

    PRESIDENT

    Total calculated
    $2,793
    From this org
    $2,793
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 2 related
  • Joe Catella

    VICE PRESIDE

    Total calculated
    $2,805
    From this org
    $2,805
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 2 related
  • Aaron Rendon

    RECORDING SE

    Total calculated
    $218,611
    From this org
    $130,803
    From related orgs
    $0
    Other
    $87,808
    Hours/week
    42 + 2 related

    Schedule J breakdown matched by us

    Base
    $130,803
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $87,808
    Filer's total
    $218,611
  • Marty McNeill

    TREASURER

    Total calculated
    $1,220
    From this org
    $1,220
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 2 related
  • Jonathan Aunet

    EXECUTIVE BO

    Total calculated
    $1,220
    From this org
    $1,220
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 2 related
  • John Bonnot

    EXECUTIVE BO

    Total calculated
    $1,220
    From this org
    $1,220
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 2 related
  • Jack Koval

    EXECUTIVE BO

    Total calculated
    $1,200
    From this org
    $1,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 2 related
  • Mike Witten Jr

    EXECUTIVE BO

    Total calculated
    $1,220
    From this org
    $1,220
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 2 related
  • Scott Zupec

    EXECUTIVE BO

    Total calculated
    $1,220
    From this org
    $1,220
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 2 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

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.

  • IBEW 150 - PENSION FUND

    501C17 · PENSION · IL

    Directly controlled by NA

  • IBEW 150 - WELFARE FUND

    501C9 · WELFARE · IL

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
19 February 2025
IRS schema version
2023v6.0
Source object
202520589349301852

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