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Union Building Fund

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

EIN: 200009629 ✦ Westmont, IL ✦ Designated as a 501(c)(2)

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Overview

What is Union Building Fund?

The Union Building Fund is a title-holding corporation, acting as a dedicated entity that manages and preserves real estate assets on behalf of the Illinois Federation of Teachers and the West Suburban Teachers Union - Local 571. Its primary mission is to maintain the designated properties effectively, ensuring their proper management. As a nonprofit organization, the Union Building Fund plays a crucial role in safeguarding the real estate investments of its affiliated unions.

Is Union Building Fund legitimate?

Union Building Fund is a legitimate nonprofit organization registered as a 501(c)(2) entity. Union Building 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: $0

For more financial information, click here

What is the mission statement of Union Building Fund?

The Union Building Fund, acting as a title holding corporation, is committed to managing and overseeing real estate properties on behalf of the Illinois Federation of Teachers and the West Suburban Teachers Union - Local 571. Its primary mission is to ensure the proper management of these designated properties, ensuring their upkeep and utilization in an effective manner.

Who is the CEO of Union Building Fund?

Dave Richmond is the Treasurer of Union Building Fund.

What is the revenue of Union Building Fund?

Union Building Fund's revenue in 2022 was $439,140.

Who are the executives of Union Building Fund and what are their salaries?


Here are 5 key members and their salaries:


David Richmond (Treasurer)
  • Compensation: $0
  • Related: $238,473
  • Other: $78,368
Daniel Montgomery (Director)
  • Compensation: $0
  • Related: $233,246
  • Other: $77,118
Jacqueline Payne (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tony Johnston (Vice President)
  • Compensation: $0
  • Related: $2,750
  • Other: $0
Kyle Stern (Secretary)
  • Compensation: $0
  • Related: $1,100
  • Other: $0
Where can I find the form 990 for Union Building Fund?

Union Building Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Union Building Fund

The Union Building Fund, as a title holding corporation, is committed to managing and overseeing real estate properties on behalf of the Illinois Federation of Teachers and the West Suburban Teachers Union - Local 571. Its primary mission is to ensure the proper and responsible management of these designated properties, ensuring their longevity and utility for the affiliated organizations. By serving as a trustee for these properties, the Union Building Fund plays a crucial role in safeguarding the interests of its partner unions, ensuring that their real estate investments are managed effectively and efficiently.

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Impact




October, 2024

The Union Building Fund plays a crucial role in managing and holding real estate for the Illinois Federation of Teachers and the West Suburban Teachers Union - Local 571. By effectively overseeing these properties, it safeguards the interests of educators and union members, ensuring that vital resources are available for community improvement initiatives. This organization not only enhances the physical spaces used by these unions but also supports the broader mission of advocating for teachers and improving educational environments. The careful management of real estate assets fosters stability and growth, allowing for ongoing investment in the community and strengthening the support network for educators and their families.




This information is meant to be a general summary of Union Building 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
$439,140 (2022)
Expenses
$526,432 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $439,140
  • Gross Receipts: $439,140

Assets and Liabilities:

  • Total Assets: $3,946,378
  • Total Liabilities: $748,576
  • Net Assets: $3,197,802

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Programs

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

RENTAL INCOME

Revenue

$439,140

Organization Details

Founding Year

2003

Principal Officer

Dave Richmond

Main Address

500 OAKMONT LANE, WESTMONT, IL, 60559

NTEE Category

Code: S47 - Community improvement

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