Ibew Local 81 - Education Fund

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

EIN: 236420615 ✦ Scranton, PA ✦ Designated as a 501(c)(5)

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Overview

What is Ibew Local 81 - Education Fund?

Ibew Local 81 - Education Fund is a nonprofit organization dedicated to the education of apprentice and journeyman electricians. They achieve this goal through a combination of classroom instruction and hands-on experience using simulation. This comprehensive approach ensures that electricians gain a well-rounded understanding of their profession, preparing them for their roles effectively. The organization's primary mission is to equip electricians with the necessary skills to excel in their field.

Is Ibew Local 81 - Education Fund legitimate?

Ibew Local #81 - Education Fund is a legitimate nonprofit organization registered as a 501(c)(5) entity. Ibew Local #81 - Education 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: $92,799
Professional Fundraising Fees: $0
Other Salaries and Wages: $65,256

For more financial information, click here

What is the mission statement of Ibew Local 81 - Education Fund?

The mission of Ibew Local 81 - Education Fund is centered around the education of apprentice and journeyman electricians. This is achieved through a combination of classroom instruction and practical, hands-on experience in simulation. The aim is to provide a comprehensive learning environment that equips electricians with the necessary skills and knowledge to excel in their field. The education fund plays a significant role in shaping the future of electricians, ensuring they are well-equipped to handle the challenges and opportunities in the industry.

Who is the CEO of Ibew Local 81 - Education Fund?

Michael Mcdermott is the Chairman of Ibew Local #81 - Education Fund.

What is the revenue of Ibew Local 81 - Education Fund?

Ibew Local 81 - Education Fund's revenue in 2022 was $546,959.

Who are the executives of Ibew Local 81 - Education Fund and what are their salaries?

The average compensation at Ibew Local 81 - Education Fund during 2022 was $12,158. There are 13 employees at Ibew Local 81 - Education Fund.


Here are 8 key members and their salaries:


Michael Mcdermott (Chairman)
  • Compensation: $0
  • Related: $126,515
  • Other: $58,346
Fredric Leber (Secretary (1/1/22-4/28/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward O'Donnell (Trustee)
  • Compensation: $0
  • Related: $94,988
  • Other: $46,489
Eric Lewis (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gerard Nichols (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicholas Waitulavich (Trustee)
  • Compensation: $0
  • Related: $94,588
  • Other: $46,477
Timothy Leber (Secretary (4/28/22-12/31/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Brad Hummel (Training Director)
  • Compensation: $92,799
  • Related: $0
  • Other: $46,424
Where can I find the form 990 for Ibew Local 81 - Education Fund?

Ibew Local 81 - Education Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Ibew Local 81 - Education Fund

Ibew Local 81 - Education Fund is committed to the educational development of apprentice and journey-level electricians. They achieve this mission by utilizing a multi-faceted approach that combines classroom instruction with practical, hands-on experience through simulation. This methodology allows electricians in various stages of their careers to gain a comprehensive understanding of their field, thereby enhancing their skills and competence.

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Impact




October, 2024

The Ibew Local 81 - Education Fund plays a crucial role in shaping the future of the electrical trade by providing comprehensive education for apprentice and journeyman electricians. Its focus on classroom instruction combined with hands-on experience in simulation equips individuals with the necessary skills and knowledge to excel in their careers. By facilitating this dual approach to learning, the organization enhances workforce readiness, ensuring that electricians are not only trained in theory but also proficient in practical applications.

Located in Scranton, PA, the Fund is dedicated to fostering a skilled workforce, which has a positive impact on local employment opportunities. As it prepares electricians to meet industry standards, the education provided helps to bolster the overall quality of electrical work in the region. This commitment to education ultimately supports the economic growth of the community by creating well-trained professionals who can contribute significantly to various projects and developments.

In summary, the Ibew Local 81 - Education Fund significantly impacts the local economy by empowering individuals through education, thereby enhancing their employability and the quality of electrical services in the community.




This information is meant to be a general summary of Ibew Local 81 - Education 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
$546,959 (2022)
Expenses
$376,459 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $23
  • Gross Receipts: $546,959

Assets and Liabilities:

  • Total Assets: $1,237,881
  • Total Liabilities: $26,462
  • Net Assets: $1,211,419

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Organization Details

Founding Year

1970

Principal Officer

Michael Mcdermott

Main Address

431 WYOMING AVENUE, SCRANTON, PA, 18503

NTEE Category

Code: J40 - Employment

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