Form 990 for tax year 2023
Filed by IBEW LOCAL 488 LABOR MANAGEMENT COOPERATION TRUST.
Totals
- Total revenue
- $308,164
- Total expenses
- $537,664
- Contributions and grants received
- $0
- Grants paid
- $132,037
- Program service revenue
- $304,081
- Investment income
- $4,083
- Other revenue
- $0
- Total assets, end of year
- $950,886
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $950,886
- 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 $302,771 · related or exempt $302,771
-
2b · Program service revenue: MISC INCOME
total $1,310 · related or exempt $1,310
-
3 · Investment income
total $4,083 · excluded $4,083
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $132,037
-
4 · Benefits paid to or for members
total $10,417
-
11c · Fees: accounting
total $9,100
-
12 · Advertising and promotion
total $334,641
-
13 · Office expenses
total $1,944
-
16 · Occupancy
total $9,208
-
23 · Insurance
total $603
-
24a · Other expenses: EDUCATIONAL SUPPORT EXP
total $23,487
-
24b · Other expenses: ADMINISTRATIVE SERVICES
total $16,202
-
24c · Other expenses: MISC EXPENSES
total $25
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $112,682 · end of year $0
-
2 · Savings and temporary cash investments
beginning of year $1,067,704 · end of year $950,886
-
29 · Capital stock, trust principal or current funds
beginning of year $1,180,386 · end of year $950,886
-
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 · 2023
Mission
FURTHER LABOR-MGMT COOPERATION.
-
THE LMCC WAS ESTABLISHED TO PROVIDE FINANCIAL AND OTHER SUPPORT FOR NECA-IBEW LOCAL 488 PROGRAMS. IT PROMOTES AND IMPROVES COMMUNICATION BETWEEN LABOR & 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 2023 return.
Listed in Part VII
-
Michael MurgatroydMICHAEL MURGATROYD
MANAGEMENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Michael MoconyiMICHAEL MOCONYI
MANAGEMENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Daniel McInerneyDANIEL MCINERNEY
LABOR TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Anthony CavalliANTHONY CAVALLI
LABOR 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.
Grants on this return
-
$38,000
FINANCIAL SUPPORT
-
$20,000
FINANCIAL SUPPORT
-
BRIDGEPORT CARIBE YOUTH LEADERS
$10,000
FINANCIAL SUPPORT
-
$10,000
FINANCIAL SUPPORT
-
$5,400
FINANCIAL SUPPORT
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 April 2024
- IRS schema version
- 2023v5.0
- Source object
- 202411069349300816
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