Form 990 for tax year 2025
Filed by LOCAL UNION 488 IBEW BUILDING CORPORATION.
Totals
- Total revenue
- $211,292
- Total expenses
- $588,058
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $200,282
- Investment income
- $11,010
- Other revenue
- $0
- Total assets, end of year
- $5,525,608
- Total liabilities, end of year
- $1,340,238
- Net assets or fund balances, end of year
- $4,185,370
- 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: RENTAL INCOME
total $145,563 · related or exempt $145,563
-
2b · Program service revenue: MEMBERS' DUES AND ASSE
total $54,719 · related or exempt $54,719
-
3 · Investment income
total $11,010 · excluded $11,010
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $2,305
-
16 · Occupancy
total $387,143
-
20 · Interest
total $76,765
-
22 · Depreciation, depletion and amortization
total $121,845
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $58,001 · end of year $504,052
-
2 · Savings and temporary cash investments
beginning of year $225,162 · end of year $856,057
-
10a · Land, buildings and equipment: cost or other basis
$5,898,380
-
10b · Land, buildings and equipment: accumulated depreciation
$1,732,881
-
10c · Land, buildings and equipment, net
beginning of year $4,277,868 · end of year $4,165,499
-
23 · Secured mortgages and notes payable
beginning of year $1,379,769 · end of year $1,331,267
-
25 · Other liabilities
beginning of year $8,971 · end of year $8,971
-
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 $3,172,291 · end of year $4,185,370
-
31 · Retained earnings, endowment or other funds
beginning of year $0 · end of year $0
Mission and programs · 2025
Mission
THIS BUILDING CORPORATION WAS CREATED FOR THE SOLE PURPOSE OF HOLDING LEGAL TITLE TO REAL ESTATE LOCATED AT 721 MAIN STREET, MONROE, CT 06468 AND ANY OTHER PROPERTY THAT MAY BE ACQUIRED, TO OPERATE AS A MEETING HALL, LOCAL HEADQUARTERS, TRAINING FACILITY AND FOR OTHER PURPOSES FOR THE SOLE BENEFIT OF THE LABOR ORGANIZATION KNOWN AS LOCAL NO. 488 INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS (EIN: 06-0400910).
-
TO PROVIDE A FACILITY TO OPERATE AS LOCAL HEADQUARTERS, MEETING HALL, TRAINING FACILITIES AND FOR OTHER PURPOSES FOR THE SOLE BENEFIT OF THE LABOR ORGANIZATION KNOWN AS LOCAL NO. 488 INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS (EIN: 06-0400910) AND ITS MEMBERS.
As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Daniel W McInerneyDANIEL W MCINERNEY
BUSINESS MANAGER/FINANCIAL SECRETARY
- Total calculated
- $228,312
- From this org
- $0
- From related orgs
- $147,622
- Other
- $80,690
- Hours/week
- 1 + 40 related
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
TREASURER
- Total calculated
- $202,814
- From this org
- $0
- From related orgs
- $127,317
- Other
- $75,497
- Hours/week
- 1 + 40 related
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
-
Jerome WhiteJEROME WHITE
RECORDING SECRETARY
- Total calculated
- $177,414
- From this org
- $0
- From related orgs
- $107,111
- Other
- $70,303
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $107,111 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $41,548 related
- Nontaxable benefits
- $0 + $28,755 related
- Filer's total
- $0 + $177,414 related
-
Kevin DuboisKEVIN DUBOIS
EXECUTIVE BOARD (P)
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
John FotopoulosJOHN FOTOPOULOS
EXECUTIVE BOARD
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
John J GulinoJOHN J GULINO
EXECUTIVE BOARD
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Amil C LockwoodAMIL C LOCKWOOD
EXECUTIVE BOARD
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Peter MarinPETER MARIN
EXECUTIVE BOARD
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jordan MathisJORDAN MATHIS
EXECUTIVE BOARD
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
George MeierGEORGE MEIER
EXECUTIVE BOARD
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Robert NitscheROBERT NITSCHE
EXECUTIVE BOARD
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jenn NormandJENN NORMAND
EXECUTIVE BOARD (P)
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Keith TavernaKEITH TAVERNA
EXECUTIVE BOARD
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Stephen J RodriguesSTEPHEN J RODRIGUES
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Travis E GeraldTRAVIS E GERALD
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1 + 1 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.
-
LOCAL NO 488 INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS
501(C)(5) · LABOR UNION · CT
-
501(C)(5) · APPRENTICE TRAINING COMMITTEE · CT
-
IBEW LOCAL 488 CHARITY FUND INC
501(C)(3) · CHARITABLE ORGANIZATION · CT
-
IBEW LOCAL 488 LABOR MANAGEMENT COOPERATION TRUST
501(C)(5) · LABOR ORGANIZATION · CT
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 27 March 2026
- IRS schema version
- 2025v4.0
- Source object
- 202620869349300932
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