Ibew Local Union 697 Sub Fund

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

EIN: 030545014 ✦ Merrillville, IN ✦ Designated as a 501(c)(9)

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Overview

What is Ibew Local Union 697 Sub Fund?

IBEW Local Union 697 Sub Fund is a nonprofit organization that provides supplemental unemployment benefits to eligible individuals who are unemployed. The organization adheres to its plan documents while distributing these benefits, serving as a financial support system during difficult times. The organization's primary mission is to assist unemployed participants, reinforcing their financial stability during periods of job loss.

Is Ibew Local Union 697 Sub Fund legitimate?

Ibew Local Union 697 Sub Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Ibew Local Union 697 Sub Fund 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: $22,569

For more financial information, click here

What is the mission statement of Ibew Local Union 697 Sub Fund?

The IBEW Local Union 697 Sub Fund's primary mission is to provide supplemental unemployment benefits to eligible participants. This is carried out in accordance with the fund's plan documents. The organization's purpose is to offer an additional safety net for unemployed individuals, contributing to their financial stability during challenging periods. By adhering to its plan, the Sub Fund plays a crucial role in supporting those in need, ensuring they receive the necessary financial assistance during unemployment.

Who is the CEO of Ibew Local Union 697 Sub Fund?

Felipe Hernandez is the Trustee of Ibew Local Union 697 Sub Fund.

What is the revenue of Ibew Local Union 697 Sub Fund?

Ibew Local Union 697 Sub Fund's revenue in 2022 was $541,525.

Who are the executives of Ibew Local Union 697 Sub Fund and what are their salaries?

The average compensation at Ibew Local Union 697 Sub Fund during 2022 was $2,821. There are 8 employees at Ibew Local Union 697 Sub Fund.


Here are 8 key members and their salaries:


Tom Corsiglia (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Shikany (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Waldrop (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Anderson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Walton Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alec Davis (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Felipe Hernandez (Trustee)
  • Compensation: $0
  • Related: $128,630
  • Other: $64,388
Joree Richards (Trustee)
  • Compensation: $0
  • Related: $157,149
  • Other: $64,388
Where can I find the form 990 for Ibew Local Union 697 Sub Fund?

Ibew Local Union 697 Sub Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Ibew Local Union 697 Sub Fund

The IBEW Local Union 697 Sub Fund is dedicated to providing supplemental unemployment benefits to eligible participants, as outlined in its plan documents. This nonprofit organization operates with a mission to offer financial assistance to individuals who find themselves unemployed, ensuring they have additional support during challenging times. The Sub Fund follows a meticulous process, adhering to its plan documents, to determine eligibility and disburse benefits.

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Impact




October, 2024

The IBEW Local Union 697 Sub Fund plays a crucial role in supporting eligible unemployed participants by providing supplemental unemployment benefits. This financial assistance helps individuals navigate periods of unemployment, offering a safety net that can alleviate the stress associated with lost wages. By disbursing these benefits as outlined in their plan documents, the fund fosters economic stability within the community, particularly in Merrillville, IN. The mission to ensure that union members receive additional support during challenging times reinforces solidarity and mutual aid among workers, ultimately contributing to a stronger workforce and promoting collective well-being.




This information is meant to be a general summary of Ibew Local Union 697 Sub Fund. 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
$541,525 (2022)
Expenses
$144,762 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $8,462
  • Program Service Revenue: $532,996
  • Gross Receipts: $1,302,633

Assets and Liabilities:

  • Total Assets: $2,308,453
  • Total Liabilities: $427
  • Net Assets: $2,308,026

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$532,996

Organization Details

Founding Year

2004

Principal Officer

Felipe Hernandez

Main Address

7200 MISSISSIPPI ST 300, MERRILLVILLE, IN, 46410

NTEE Category

Code: Y43 - Mutual benefit

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