Local 1253 Ibew Properties Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 016029905 ✦ Newport, ME ✦ Designated as a 501(c)(2)

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Overview

What is Local 1253 Ibew Properties Inc?

Local 1253 IBEW Properties Inc is a nonprofit organization based in Newport, Maine. Their primary mission is to provide rental space for related tax-exempt organizations. They have leased a building at 176 Main Street in Fairfield, Maine, specifically for this purpose. The organization's activities are centered around offering a suitable space for these nonprofits to carry out their charitable work.


Official website here: www.ibew1253.org

Is Local 1253 Ibew Properties Inc legitimate?

Local 1253 Ibew Properties Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Local 1253 Ibew Properties Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.ibew1253.org

What is the mission statement of Local 1253 Ibew Properties Inc?

Local 1253 IBEW Properties Inc's primary mission is to offer rental space to tax-exempt organizations. By leasing out property, this organization aims to support the operations of related charitable entities. While the provided information does not specify the nature of the activities conducted by these organizations, it is clear that Local 1253 IBEW Properties Inc contributes to the broader community by providing a venue for their operations. This organization has leased a building at 176 Main Street in Fairfield, Maine, for this purpose.


Official website here: www.ibew1253.org

Who is the CEO of Local 1253 Ibew Properties Inc?

Charles Fraser is the President of Local 1253 Ibew Properties Inc.


Official website here: www.ibew1253.org

What is the revenue of Local 1253 Ibew Properties Inc?

Local 1253 Ibew Properties Inc's revenue in 2021 was $55,158.


Official website here: www.ibew1253.org

Who are the executives of Local 1253 Ibew Properties Inc and what are their salaries?


Here are 8 key members and their salaries:


Nick Paquet (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Colin Clark (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alan Kenney (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Tobias (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shawn Chandler (Executive Bo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lee Whitaker (Executive Bo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Higgins (Executive Bo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Fraser (Business Man)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.ibew1253.org

Where can I find the form 990 for Local 1253 Ibew Properties Inc?

Local 1253 Ibew Properties Inc's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.ibew1253.org

Learn more at the official website: www.ibew1253.org

Mission Statement of Local 1253 Ibew Properties Inc

Local 1253 IBEW Properties Inc has a mission to provide rental space for related tax-exempt organizations. This organization takes it upon itself to offer a conducive environment for organizations with similar charitable objectives. By leasing a building at 176 Main Street in Fairfield, Maine, Local 1253 IBEW Properties Inc becomes a vital partner in supporting these organizations in their mission to make a positive impact in their respective communities. By offering rental space, this nonprofit organization contributes to the overall advancement of these tax-exempt organizations, enabling them to carry out their activities more effectively.

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Impact




October, 2024

Local 1253 IBEW Properties Inc plays a significant role in supporting related tax-exempt organizations by providing dedicated rental space. By leasing a building located at 176 Main Street in Fairfield, Maine, the organization creates a conducive environment for these entities to operate and fulfill their missions. This initiative not only helps maintain the presence of essential services within the community but also contributes to community improvement by fostering collaboration among organizations that share similar goals. The availability of affordable and well-located spaces aids in the efficiency and effectiveness of the organizations supported, ultimately benefiting the Newport area and surrounding communities.




This information is meant to be a general summary of Local 1253 Ibew Properties Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$55,158 (2021)
Expenses
$105,871 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $34,158
  • Program Service Revenue: $21,000
  • Gross Receipts: $205,094

Assets and Liabilities:

  • Total Assets: $81,800
  • Total Liabilities: $0
  • Net Assets: $81,800

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$21,000

Organization Details

Founding Year

1968

Principal Officer

Charles Fraser

Main Address

PO BOX 220 142 ELM STREET, NEWPORT, ME, 04953

NTEE Category

Code: S47 - Community improvement

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