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Nonprofiteer
← I B T CORPORATION

Form 990 for tax year 2024

Filed by I B T CORPORATION.

Totals

Total revenue
$72,300
Total expenses
$126,904
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$72,000
Investment income
$300
Other revenue
$0
Total assets, end of year
$1,021,357
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,021,357
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$126,904

Program services were 0.0% 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

  • 3 · Investment income

    total $300 · excluded $300

Functional expenses

Part IX, the statement of functional expenses.

  • 16 · Occupancy

    total $33,013

  • 22 · Depreciation, depletion and amortization

    total $65,464

  • 23 · Insurance

    total $6,823

  • 24a · Other expenses: CLEANING AND JANITORIAL

    total $13,191

  • 24b · Other expenses: PROPERTY TAXES

    total $6,302

  • 24c · Other expenses: MAINTENANCE

    total $2,029

  • 24d · Other expenses: MISCELLANEOUS EXPENSE

    total $82

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $126,040 · end of year $136,469

  • 2 · Savings and temporary cash investments

    beginning of year $32,172 · end of year $32,602

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

    $1,862,829

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

    $1,010,543

  • 10c · Land, buildings and equipment, net

    beginning of year $917,749 · end of year $852,286

  • 27 · Net assets without donor restrictions

    beginning of year $1,075,961 · end of year $1,021,357

Mission and programs · 2024

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 $126,904 · Revenue $72,000

As filed on the 2024 return.

Listed in Part VII

  • Richard K Hall

    PRESIDENT

    Total calculated
    $130,826
    From this org
    $0
    From related orgs
    $101,381
    Other
    $29,445
    Hours/week
    1 + 20 related

  • Steven L Day

    PRESIDENT

    Total calculated
    $181,385
    From this org
    $0
    From related orgs
    $121,850
    Other
    $59,535
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $121,850 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $30,136 related
    Nontaxable benefits
    not reported + $29,399 related
    Filer's total
    not reported + $181,385 related

  • Don Perdue

    VICE-PRESIDE

    Total calculated
    $197,255
    From this org
    $0
    From related orgs
    $137,720
    Other
    $59,535
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $137,720 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $30,136 related
    Nontaxable benefits
    not reported + $29,399 related
    Filer's total
    not reported + $197,255 related

  • Luke S Farley

    SECRETARY-TR

    Total calculated
    $183,507
    From this org
    $0
    From related orgs
    $123,972
    Other
    $59,535
    Hours/week
    1.5 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $123,972 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $30,136 related
    Nontaxable benefits
    not reported + $29,399 related
    Filer's total
    not reported + $183,507 related

  • Jenna N Jeffrey

    RECORDING SE

    Total calculated
    $161,407
    From this org
    $0
    From related orgs
    $101,872
    Other
    $59,535
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $101,872 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $30,136 related
    Nontaxable benefits
    not reported + $29,399 related
    Filer's total
    not reported + $161,407 related

  • George Scott

    TRUSTEE

    Total calculated
    $10,668
    From this org
    $0
    From related orgs
    $10,668
    Other
    $0
    Hours/week
    0.5 + 2 related

  • Darren Kimberling

    TRUSTEE

    Total calculated
    $8,360
    From this org
    $0
    From related orgs
    $8,360
    Other
    $0
    Hours/week
    0.5 + 2 related

  • Kevin McKinney

    TRUSTEE

    Total calculated
    $9,448
    From this org
    $0
    From related orgs
    $9,448
    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
2024
Filed
12 May 2025
IRS schema version
2024v5.0
Source object
202521359349317642

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