Form 990 for tax year 2025
Filed by IBEW LOCAL 488 LABOR MANAGEMENT COOPERATION TRUST.
Totals
- Total revenue
- $427,894
- Total expenses
- $478,878
- Contributions and grants received
- $0
- Grants paid
- $168,202
- Program service revenue
- $414,238
- Investment income
- $13,656
- Other revenue
- $0
- Total assets, end of year
- $749,406
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $749,406
- 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: EMPLOYER CONTRIBUTIONS
total $414,238 · related or exempt $414,238
-
3 · Investment income
total $13,656 · excluded $13,656
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $168,202
-
4 · Benefits paid to or for members
total $10,512
-
11c · Fees: accounting
total $9,425
-
12 · Advertising and promotion
total $252,643
-
13 · Office expenses
total $933
-
16 · Occupancy
total $5,859
-
23 · Insurance
total $588
-
24a · Other expenses: EDUCATIONAL SUPPORT EXP
total $21,616
-
24b · Other expenses: ADMINISTRATIVE SERVICES
total $9,100
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $75,112 · end of year $17
-
2 · Savings and temporary cash investments
beginning of year $725,278 · end of year $749,389
-
29 · Capital stock, trust principal or current funds
beginning of year $800,390 · end of year $749,406
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $0 · end of year $0
Mission and programs · 2025
Mission
TO FURTHER LABOR-MANAGEMENT COOPERATION.
-
THE LMCC WAS ESTABLISHED TO PROVIDE FINANCIAL AND OTHER SUPPORT FOR NECA-IBEW LOCAL 488 PROGRAMS. IT PROMOTES AND IMPROVES COMMUNICATION BETWEEN LABOR AND MANAGEMENT THROUGH THE ENHANCEMENT OF WORKER INVOLVEMENT IN MAKING DECISIONS THAT AFFECT THEIR WORKING LIVES. IN ADDITION, IT ALLOWS IBEW LOCAL 488 TO PROMOTE ITSELF THROUGH COMMUNITY INVOLVEMENT AND PARTICIPATION IN AN EFFORT TO INCREASE AWARENESS.
As filed on the 2025 return.
Listed in Part VII
-
Daniel McInerneyDANIEL MCINERNEY
LABOR TRUSTEE
- Total calculated
- $228,312
- From this org
- $0
- From related orgs
- $147,622
- Other
- $80,690
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $0 + $147,622 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $51,935 related
- Nontaxable benefits
- $0 + $28,755 related
- Filer's total
- $0 + $228,312 related
-
Anthony CavalliANTHONY CAVALLI
LABOR TRUSTEE
- Total calculated
- $202,814
- From this org
- $0
- From related orgs
- $127,317
- Other
- $75,497
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $0 + $127,317 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $46,742 related
- Nontaxable benefits
- $0 + $28,755 related
- Filer's total
- $0 + $202,814 related
-
Michael MoconyiMICHAEL MOCONYI
MANAGEMENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Michael MurgatroydMICHAEL MURGATROYD
MANAGEMENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
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
-
HARBOR YARD SPORTS & ENTERTAINMENT LLC
$56,000
FINANCIAL SUPPORT
-
$35,000
FINANCIAL SUPPORT
-
BRIDGEPORT CARIBE YOUTH LEADERS
$25,000
FINANCIAL SUPPORT
-
$10,000
FINANCIAL SUPPORT
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.
-
LOCAL NO 488 INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS
501(C)(5) · LABOR ORGANIZATION · CT
-
LOCAL UNION 488 IBEW BUILDING CORPORATION
501(C)(2) · HOLDING CORPORATION FOR LOCAL HEADQUARTERS & TRAINING FACILITY · CT
-
IBEW LOCAL 488 CHARITY FUND INC
501(C)(3) · CHARITY FUND · CT
-
501(C)(5) · APPRENTICE & JOURNEYMAN TRAINING COMMITTEE · CT
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 2 April 2026
- IRS schema version
- 2025v4.1
- Source object
- 202630929349301803
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