Form 990 for tax year 2024
Filed by IBEW LOCAL UNION NO 269 WELFARE AND SUPPLEMENTAL FUND.
Totals
- Total revenue
- $4,574,293
- Total expenses
- $2,146,752
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $4,224,336
- Investment income
- $349,957
- Other revenue
- $0
- Total assets, end of year
- $13,575,775
- Total liabilities, end of year
- $617,191
- Net assets or fund balances, end of year
- $12,958,584
- 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: EMPLOYERS CONTRIBUTION
total $4,224,336 · related or exempt $4,224,336
-
3 · Investment income
total $349,957 · excluded $349,957
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $1,958,585
-
7 · Other salaries and wages
total $14,983
-
10 · Payroll taxes
total $6
-
11b · Fees: legal
total $6,574
-
11c · Fees: accounting
total $37,042
-
11f · Fees: investment management
total $5,857
-
11g · Fees: other
total $117,896
-
13 · Office expenses
total $405
-
19 · Conferences, conventions and meetings
total $2,513
-
23 · Insurance
total $883
-
24a · Other expenses: PRINTING EXPENSE
total $1,236
-
24b · Other expenses: POSTAGE & DELIVERY
total $593
-
24c · Other expenses: BENEFIT PAYMENT PROCESS
total $179
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,982,344 · end of year $2,167,395
-
2 · Savings and temporary cash investments
beginning of year $424,949 · end of year $447,177
-
4 · Accounts receivable
beginning of year $288,659 · end of year $444,608
-
9 · Prepaid expenses and deferred charges
beginning of year $609 · end of year $456
-
11 · Investments: publicly traded securities
beginning of year $8,196,753 · end of year $10,508,158
-
15 · Other assets
beginning of year $6,055 · end of year $7,981
-
17 · Accounts payable and accrued expenses
beginning of year $17,903 · end of year $21,976
-
21 · Escrow or custodial account liability
beginning of year $591,010 · end of year $586,510
-
25 · Other liabilities
beginning of year $9,798 · end of year $8,705
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
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 · 2024
Mission
TO PROVIDE SUPPLEMENTAL BENEFITS TO PLAN PARTICIPANTS WHOSE EMPLOYMENT UNDER THE TERMS OF A COLLECTIVE BARGANING AGREEMENT REQUIRES CONTRIBUTIONS TO THE FUND FOR THE FOLLOWING BENEFITS SUPPLEMENTAL UNEMPLOYMENT, PERMANENT AND TOTAL DISABILITY, MONTHLY SUPPLEMENTAL HEALTH AND WELFARE, MONTHLY HEALTH BENEFITS, WEEKLY SICK BENEFITS, AND VACATION BENEFITS AS DETERMINED BY THE TRUSTEES.
-
TO PROVIDE SUPPLEMENTAL BENEFITS TO PLAN PARTICIPANTS WHOSE EMPLOYMENT UNDER THE TERMS OF A COLLECTIVE BARGANING AGREEMENT REQUIRES CONTRIBUTIONS TO THE FUND FOR THE FOLLOWING BENEFITS SUPPLEMENTAL UNEMPLOYMENT, PERMANENT AND TOTAL DISABILITY, MONTHLY SUPPLEMENTAL HEALTH AND WELFARE, MONTHLY HEALTH BENEFITS, WEEKLY SICK BENEFITS, AND VACATION BENEFITS AS DETERMINED BY THE TRUSTEES.
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Gino PasqualoneGINO PASQUALONE
TRUSTEE
- Total calculated
- $354,747
- From this org
- $0
- From related orgs
- $247,247
- Other
- $107,500
- Hours/week
- 2 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $247,247 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $74,545 related
- Nontaxable benefits
- $0 + $32,955 related
- Filer's total
- $0 + $354,747 related
-
Stephen M AldrichSTEPHEN M ALDRICH
TRUSTEE
- Total calculated
- $395,059
- From this org
- $0
- From related orgs
- $279,513
- Other
- $115,546
- Hours/week
- 2 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $279,513 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $83,809 related
- Nontaxable benefits
- $0 + $31,737 related
- Filer's total
- $0 + $395,059 related
-
Mike NielsenMIKE NIELSEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Timothy Bryan JrTIMOTHY BRYAN JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Joseph Knecht JrJOSEPH KNECHT JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Wayne P DeangeloWAYNE P DEANGELO
TRUSTEE
- Total calculated
- $347,260
- From this org
- $0
- From related orgs
- $247,248
- Other
- $100,012
- Hours/week
- 2 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $247,248 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $74,545 related
- Nontaxable benefits
- $0 + $25,467 related
- Filer's total
- $0 + $347,260 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
- 3 · Approval by the board or compensation committee
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 LOCAL 269 ANNUITY FUND
401(A) · TO PROVIDE ANNUITY BENEFITS TO PARTICIPANTS · NJ
-
IBEW LOCAL 269 PENSION FUND
401(A) · TO PROVIDE PENSION BENEFITS TO PARTICIPANTS · NJ
-
501(C)(9) · TO PROVIDE SICK BENEFITS TO PARTICIPANTS · NJ
-
501(C)(9) · TO PROVIDE HEALTH WELFARE BENEFITS TO PARTICIPANTS · NJ
-
IBEW LOCAL 269 JOINT APPRENTICESHIP TRAINING AND TRUST FUND
501(C)(3) · TO PROVIDE TRAINING TO APPRENTICE PARTICIPANTS · NJ
-
INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO 269
501(C)(5) · LABOR UNION ORGANIZED TO REPRESENT ELECTRICAL WORKERS · NJ
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523199349302837
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.