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Nonprofiteer
← I B T CORPORATION

Form 990 for tax year 2022

Filed by I B T CORPORATION.

Totals

Total revenue
$73,500
Total expenses
$129,900
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$73,500
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,175,807
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,175,807
Program services expenses (Part IX)
$129,900
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$129,900

Program services were 100.0% 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: RENTAL INCOME FROM PARENT

    total $72,000 · related or exempt $72,000

  • 2b · Program service revenue: OTHER RENTAL INCOME

    total $1,500 · related or exempt $1,500

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $4,570 · program services $4,570

  • 13 · Office expenses

    total $50 · program services $50

  • 16 · Occupancy

    total $30,080 · program services $30,080

  • 22 · Depreciation, depletion and amortization

    total $55,228 · program services $55,228

  • 23 · Insurance

    total $5,467 · program services $5,467

  • 24a · Other expenses: MAINTENANCE

    total $16,879 · program services $16,879

  • 24b · Other expenses: CLEANING AND JANITORIAL

    total $11,356 · program services $11,356

  • 24c · Other expenses: PROPERTY TAXES

    total $6,270 · program services $6,270

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $141,944 · end of year $140,765

  • 2 · Savings and temporary cash investments

    beginning of year $32,122 · end of year $32,122

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

    $1,894,526

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

    $891,606

  • 10c · Land, buildings and equipment, net

    beginning of year $833,562 · end of year $1,002,920

  • 27 · Net assets without donor restrictions

    beginning of year $1,007,628 · end of year $1,175,807

Mission and programs · 2022

Mission

TO HOLD TITLE TO PROPERTY FOR PARENT ENTITY WHICH IS USED TO FURTHER THE PURPOSE OF RAISING THE STANDING AND POSITION OF ORGANIZED LABOR.

  • OPERATE AND MAINTAIN BUILDING FOR PARENT ENTITY THAT IS USED FOR THE PURPOSE OF RAISING THE STANDING AND POSITION OF ORGANIZED LABOR.

    Expenses $129,900 · Revenue $73,500

As filed on the 2022 return.

Listed in Part VII

  • Richard K Hall

    PRESIDENT

    Total calculated
    $157,017
    From this org
    $0
    From related orgs
    $108,423
    Other
    $48,594
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $108,423 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $25,858 related
    Nontaxable benefits
    not reported + $22,736 related
    Filer's total
    not reported + $157,017 related

  • Kellie S Shamblin

    VICE-PRESIDE

    Total calculated
    $148,661
    From this org
    $0
    From related orgs
    $93,245
    Other
    $55,416
    Hours/week
    2 + 40 related

  • Luke Farley

    SECRETARY-TR

    Total calculated
    $193,961
    From this org
    $0
    From related orgs
    $138,545
    Other
    $55,416
    Hours/week
    1.5 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $138,545 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $28,184 related
    Nontaxable benefits
    not reported + $27,232 related
    Filer's total
    not reported + $193,961 related

  • Steven L Day

    RECORDING SE

    Total calculated
    $162,901
    From this org
    $0
    From related orgs
    $107,485
    Other
    $55,416
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $107,485 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $28,184 related
    Nontaxable benefits
    not reported + $27,232 related
    Filer's total
    not reported + $162,901 related

  • George Scott

    TRUSTEE

    Total calculated
    $6,899
    From this org
    $0
    From related orgs
    $6,899
    Other
    $0
    Hours/week
    0.5 + 2 related

  • Darren Kimberling

    TRUSTEE

    Total calculated
    $6,740
    From this org
    $0
    From related orgs
    $6,740
    Other
    $0
    Hours/week
    0.5 + 2 related

  • Kevin McKinney

    TRUSTEE

    Total calculated
    $6,740
    From this org
    $0
    From related orgs
    $6,740
    Other
    $0
    Hours/week
    0.5 + 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.

Provenance

Return type
form_990
Tax year
2022
Filed
5 May 2023
IRS schema version
2022v5.0
Source object
202341359349314089

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