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← LOCAL 96 IBEW BUILDING CORPORATION

Form 990 for tax year 2022

Filed by LOCAL 96 IBEW BUILDING CORPORATION.

Totals

Total revenue
$26,606
Total expenses
$56,323
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$1
Other revenue
$26,605
Total assets, end of year
$1,815,383
Total liabilities, end of year
$271,743
Net assets or fund balances, end of year
$1,543,640
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.

  • 3 · Investment income

    total $1 · excluded $1

  • 6a · Gross rents

    real property $146,628

  • 6b · Less rental expenses

    real property $120,023

  • 6c · Rental income or loss

    real property $26,605

  • 6d · Net rental income or loss

    total $26,605 · related or exempt $31,354 · unrelated business -$4,749

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $534

  • 22 · Depreciation, depletion and amortization

    total $55,789

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $267,386 · end of year $274,146

  • 2 · Savings and temporary cash investments

    beginning of year $2,056 · end of year $2,057

  • 4 · Accounts receivable

    beginning of year $299 · end of year $300

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

    $2,369,476

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

    $830,596

  • 10c · Land, buildings and equipment, net

    beginning of year $1,591,469 · end of year $1,538,880

  • 23 · Secured mortgages and notes payable

    beginning of year $284,621 · end of year $268,511

  • 25 · Other liabilities

    beginning of year $3,232 · end of year $3,232

  • 27 · Net assets without donor restrictions

    beginning of year $1,573,357 · end of year $1,543,640

Mission and programs · 2022

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO HOLD TITLE TO REAL PROPERTY LOCATED IN WORCESTER, MA FOR THE BENEFIT OF ITS RELATED ORGANIZATION, LOCAL #96 OF THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS.

  • HOLD TITLE TO REAL PROPERTY LOCATED IN WORCESTER, MA FOR THE BENEFIT OF ITS RELATED ORGANIZATION, LOCAL 96 OF THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS.

As filed on the 2022 return.

Listed in Part VII

  • Kevin Fitman

    EXECUTIVE BOARD

    Total calculated
    $0
    Hours/week
    2 + 5 related

  • Robert J Ray Jr

    EXECUTIVE BOARD

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Ronald Buffone

    EXECUTIVE BOARD

    Total calculated
    $2,986
    From this org
    $0
    From related orgs
    $1,315
    Other
    $1,671
    Hours/week
    2 + 2 related

  • George Carpenter

    EXECUTIVE BOARD

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • James Arthur

    RECORDING SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Craig Guyette

    EXECUTIVE BOARD

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Thomas J Maloney

    BUSINESS MANAGER/ RECORDIN

    Total calculated
    $181,684
    From this org
    $0
    From related orgs
    $118,902
    Other
    $62,782
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $118,902 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $37,310 related
    Nontaxable benefits
    $0 + $25,472 related
    Filer's total
    $0 + $181,684 related

  • Keith Fontaine

    TREASURER

    Total calculated
    $2,709
    From this org
    $0
    From related orgs
    $2,709
    Other
    $0
    Hours/week
    2 + 5 related

  • Zephrin Mondor

    VICE PRESIDENT

    Total calculated
    $621
    From this org
    $0
    From related orgs
    $621
    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 LOCAL 96

    501_LABOR_AGRICULTUR · AFFILIATED LABOR UNION LOCAL · MA · controlled entity

Provenance

Return type
form_990
Tax year
2022
Filed
8 August 2024
IRS schema version
2022v5.0
Source object
202402219349301560

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