Ibew Local 343 Building Corporation

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

EIN: 208116451 ✦ Rochester, MN ✦ Designated as a 501(c)(2)

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Overview

What is Ibew Local 343 Building Corporation?

IBEW Local 343 Building Corporation is a nonprofit organization focused on managing properties that serve as the office and meeting spaces for its union members. Specifically, it operates as a building corporation, ensuring the title ownership of these essential facilities. The corporation's main objective is to provide a conducive environment for Local union members to carry out their activities, fostering a sense of community and shared purpose within the organization.

Is Ibew Local 343 Building Corporation legitimate?

Ibew Local 343 Building Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Ibew Local 343 Building Corporation 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 Ibew Local 343 Building Corporation?

The IBEW Local 343 Building Corporation serves as a building corporation, with its primary mission being to hold title to properties that offer office space and meeting rooms exclusively for its local union members. Its purpose is to provide these essential facilities, thereby contributing to the organization and activities of the local union. The corporation does not engage in any additional activities beyond this primary role.

Who is the CEO of Ibew Local 343 Building Corporation?

Jesse Lee is the Director of Ibew Local 343 Building Corporation.

What is the revenue of Ibew Local 343 Building Corporation?

Ibew Local 343 Building Corporation's revenue in 2023 was $163,818.

Who are the executives of Ibew Local 343 Building Corporation and what are their salaries?


Here are 21 key members and their salaries:


Sean Sannes (Director)
  • Compensation: $0
  • Related: $6,843
  • Other: $2,845
Mike Steffes (Director)
  • Compensation: $0
  • Related: $2,483
  • Other: $1,131
Shane Meier (Director-Past)
  • Compensation: $0
  • Related: $3,980
  • Other: $318
Tom Small (Director)
  • Compensation: $0
  • Related: $7,990
  • Other: $2,688
Theodore Sauer (Director)
  • Compensation: $0
  • Related: $57,151
  • Other: $14,303
Jesse Lee (Director)
  • Compensation: $0
  • Related: $9,442
  • Other: $3,857
Mark Maguet (Director-Past)
  • Compensation: $0
  • Related: $4,838
  • Other: $1,239
Chad Pestorious (Director-Past)
  • Compensation: $0
  • Related: $2,419
  • Other: $354
Steven Cardell (Director-Past)
  • Compensation: $0
  • Related: $63,529
  • Other: $23,250
Brent Dauk (Director-Past)
  • Compensation: $0
  • Related: $387
  • Other: $71
Robert Ernst (Director-Past)
  • Compensation: $0
  • Related: $51,726
  • Other: $30,720
Mark Rutten (Director)
  • Compensation: $0
  • Related: $54,495
  • Other: $31,772
Richard Resch (Director-Past)
  • Compensation: $0
  • Related: $2,903
  • Other: $679
Michael Bambrick Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Weston Wilson (Director)
  • Compensation: $0
  • Related: $2,013
  • Other: $1,289
Christopher Will (Director)
  • Compensation: $0
  • Related: $1,510
  • Other: $1,105
Randy Zincke (Director)
  • Compensation: $0
  • Related: $2,517
  • Other: $1,473
Jeremy Evenson (Director)
  • Compensation: $0
  • Related: $3,020
  • Other: $1,657
Eric Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Yates (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Tanberg Ii (Director-Past)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Ibew Local 343 Building Corporation?

Ibew Local 343 Building Corporation's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Ibew Local 343 Building Corporation

IBEW Local 343 Building Corporation serves as a building corporation, with a distinct mission. Its primary objective is to hold title to properties that cater to the needs of the local union members. These properties offer essential amenities such as office spaces and meeting rooms, providing a conducive environment for the union members to conduct their activities. By organizing in this manner, IBEW Local 343 Building Corporation ensures that its union members have a dedicated space for their meetings and operations, fostering a sense of community and unity within the organization.

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Impact




October, 2024

IBEW Local 343 Building Corporation has a significant impact on the community by providing essential facilities for union members. By owning and maintaining the office spaces and meeting rooms, the corporation fosters a supportive environment for union activities, promoting collaboration and communication among members. These spaces serve as vital hubs for organizing, training, and conducting important discussions that shape the union's direction and initiatives.

Located in Rochester, MN, the building corporation plays a key role in enhancing the accessibility of resources and information for union members. This facilitates professional development opportunities and strengthens the local labor movement. Through its focus on creating and sustaining a dedicated space for IBEW Local 343, the organization contributes to the empowerment and cohesion of its members, ultimately benefiting the broader community as well.




This information is meant to be a general summary of Ibew Local 343 Building Corporation. 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
$163,818 (2023)
2011201220132014201520162017201820192020202120222023$0$95,000$190k$285k$380k
Expenses
$256,505 (2023)
2011201220132014201520162017201820192020202120222023$0$65,000$130k$195k$260k
Efficiency
20112012201320142015201620172018201920202021202220230%0.2%0.4%0.6%0.8%1%

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $85
  • Program Service Revenue: $163,733
  • Gross Receipts: $163,818

Assets and Liabilities:

  • Total Assets: $1,672,843
  • Total Liabilities: $0
  • Net Assets: $1,672,843

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Programs

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

RENTAL INCOME

Revenue

$163,733

Organization Details

Founding Year

2005

Principal Officer

Jesse Lee

Main Address

9 - 80TH STREET SE, ROCHESTER, MN, 55904

NTEE Category

Code: Z99 - Unknown

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