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← LABOR MANAGEMENT COOPERATION COMMITTEE OF THE IBEW LOCAL 98

Form 990 for tax year 2024

Filed by LABOR MANAGEMENT COOPERATION COMMITTEE OF THE IBEW LOCAL 98.

Totals

Total revenue
$3,687,249
Total expenses
$2,763,095
Contributions and grants received
$0
Grants paid
$558,795
Program service revenue
$2,896,913
Investment income
$769,836
Other revenue
$20,500
Total assets, end of year
$23,520,701
Total liabilities, end of year
$17,079
Net assets or fund balances, end of year
$23,503,622
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 $2,896,913 · related or exempt $2,896,913

  • 3 · Investment income

    total $757,093 · excluded $757,093

  • 7a · Gross sales of assets other than inventory

    securities $2,473,429

  • 7b · Less cost or other basis and sales expenses

    securities $2,460,686

  • 7c · Gain or loss

    securities $12,743

  • 7d · Net gain or loss

    total $12,743 · excluded $12,743

  • 11a · Other revenue: OTHER INCOME

    total $20,500 · excluded $20,500

  • 11e · Other revenue, total

    $20,500

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $558,795

  • 5 · Compensation of officers, directors and key employees

    total $24,000

  • 11b · Fees: legal

    total $3,742

  • 11c · Fees: accounting

    total $9,080

  • 11f · Fees: investment management

    total $62,849

  • 11g · Fees: other

    total $17,615

  • 12 · Advertising and promotion

    total $2,015,022

  • 13 · Office expenses

    total $5,203

  • 22 · Depreciation, depletion and amortization

    total $13,824

  • 23 · Insurance

    total $35,273

  • 24a · Other expenses: INDUSTRY INITIATIVE

    total $17,692

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $169,763 · end of year $154,029

  • 2 · Savings and temporary cash investments

    beginning of year $7,760,348 · end of year $8,385,215

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

    $68,036

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

    $29,811

  • 10c · Land, buildings and equipment, net

    beginning of year $52,050 · end of year $38,225

  • 11 · Investments: publicly traded securities

    beginning of year $14,149,611 · end of year $7,119,528

  • 12 · Investments: other securities

    end of year $7,689,151

  • 15 · Other assets

    beginning of year $123,905 · end of year $134,553

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,894 · end of year $17,079

  • 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 $22,239,783 · end of year $23,503,622

Mission and programs · 2024

Mission

THE ORGANIZATION IS ORGANIZED AS AN AREA AND INDUSTRY-WIDE LABOR MANAGEMENT COOPERATION COMMITTEE AS PROVIDED BY 302(C)(9) OF THE TAFT-HARTLEY ACT FOR THE PURPOSES SET FORTH IN 6(B) OF THE LABOR MANAGEMENT COOPERATION ACT OF 1978 , INCLUDING THE ENCOURAGEMENT AND SUPPORT OF ESTABLISHMENT AND AREA AND INDUSTRY-WIDE COMMITTEE DESIGNED TO IMPROVE LABOR MANAGEMENT RELATIONSHIPS, JOB SECURITY, COMPETITIVENESS , PRODUCTIVITY, ORGANIZATIONAL EFFECTIVENESS, AND ECONOMIC DEVELOPMENT.

  • THE ORGANIZATION IS ORGANIZED AS AN AREA AND INDUSTRY-WIDE LABOR MANAGEMENT COOPERATION COMMITTEE AS PROVIDED BY 302(C)(9) OF THE TAFT-HARTLEY ACT FOR THE PURPOSES SET FORTH IN 6(B) OF THE LABOR MANAGEMENT COOPERATION ACT OF 1978 , INCLUDING THE ENCOURAGEMENT AND SUPPORT OF ESTABLISHMENT AND AREA AND INDUSTRY-WIDE COMMITTEE DESIGNED TO IMPROVE LABOR MANAGEMENT RELATIONSHIPS, JOB SECURITY, COMPETITIVENESS , PRODUCTIVITY, ORGANIZATIONAL EFFECTIVENESS, AND ECONOMIC DEVELOPMENT.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jeffrey Pscarpello

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bernard Shaeffer

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • James Snyder

    UNION TRUSTEE

    Total calculated
    $386,712
    From this org
    $0
    From related orgs
    $240,970
    Other
    $145,742
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $240,970 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $89,777 related
    Nontaxable benefits
    $0 + $55,965 related
    Filer's total
    $0 + $386,712 related

  • Zachary Gniewoz

    UNION TRUSTEE

    Total calculated
    $384,671
    From this org
    $0
    From related orgs
    $239,293
    Other
    $145,378
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $239,293 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $77,778 related
    Nontaxable benefits
    $0 + $67,600 related
    Filer's total
    $0 + $384,671 related

  • Christopher Dion

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mark Lynch Jr

    UNION TRUSTEE

    Total calculated
    $478,590
    From this org
    $0
    From related orgs
    $296,178
    Other
    $182,412
    Hours/week
    1 + 56 related

    Schedule J breakdown matched by us

    Base
    $0 + $296,178 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $112,366 related
    Nontaxable benefits
    $0 + $70,046 related
    Filer's total
    $0 + $478,590 related

  • Ryan McGoldrick

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • James Foy

    UNION TRUSTEE

    Total calculated
    $366,594
    From this org
    $0
    From related orgs
    $226,420
    Other
    $140,174
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $226,420 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $86,347 related
    Nontaxable benefits
    $0 + $53,827 related
    Filer's total
    $0 + $366,594 related

  • Christine Bott

    EXECUTIVE DIRECTOR

    Total calculated
    $341,848
    From this org
    $24,000
    From related orgs
    $214,590
    Other
    $103,258
    Hours/week
    4 + 46 related

    Schedule J breakdown matched by us

    Base
    $24,000 + $214,590 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $79,517 related
    Nontaxable benefits
    $0 + $23,741 related
    Filer's total
    $24,000 + $317,848 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

The 10 largest by cash amount. The API serves every itemized grant.

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
2024
Filed
11 November 2025
IRS schema version
2024v5.2
Source object
202543159349304504

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