Overview
What is Ibb Lodge 1 Sub Fund?
Ibb Lodge 1 Sub Fund is a nonprofit organization situated in St. Charles, Illinois. Specifically located at PO Box 6054, its primary mission is to extend supplemental unemployment benefits to eligible individuals falling under the jurisdiction of IBB Local Lodge No. 1. The organization's activities are geared towards providing financial support during periods of unemployment for those who meet the specified criteria. With a workforce of approximately 187 employees, Ibb Lodge 1 Sub Fund plays a vital role in offering assistance in the local community.
Is Ibb Lodge 1 Sub Fund legitimate?
Ibb Lodge 1 Sub Fund is a legitimate nonprofit organization registered as a 501(c)(17) entity. Ibb Lodge 1 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: $20,100
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Ibb Lodge 1 Sub Fund?
The Ibb Lodge 1 Sub Fund's mission is centered around providing supplemental unemployment benefits to eligible participants within its jurisdiction. This organization strives to offer financial assistance during periods of unemployment, thereby alleviating some of the financial burden for those who qualify. The Sub Fund operates within the jurisdiction of IBB Local Lodge No. One, demonstrating its commitment to supporting its local community during challenging economic times.
Who is the CEO of Ibb Lodge 1 Sub Fund?
Eric Davis is the Employer Trustee of Ibb Lodge 1 Sub Fund.
What is the revenue of Ibb Lodge 1 Sub Fund?
Ibb Lodge 1 Sub Fund's revenue in 2022 was $1,726,021.
Who are the executives of Ibb Lodge 1 Sub Fund and what are their salaries?
The average compensation at Ibb Lodge 1 Sub Fund during 2022 was $107. There are 187 employees at Ibb Lodge 1 Sub Fund.
Here are 7 key members and their salaries:
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- Compensation: $21,000
- Related: $9,000
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Where can I find the form 990 for Ibb Lodge 1 Sub Fund?
Ibb Lodge 1 Sub Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ibb Lodge 1 Sub Fund
Ibb Lodge 1 Sub Fund is a mission-driven organization that focuses on providing supplemental unemployment benefits to eligible participants within its jurisdiction. Established under the umbrella of IBB Local Lodge No. One, this sub-fund operates with the primary goal of offering financial assistance to individuals who meet the eligibility criteria. By offering these benefits, Ibb Lodge 1 Sub Fund aims to alleviate some of the financial hardships faced by its beneficiaries during periods of unemployment. The fund's activities are centered around providing support to those in need, thereby contributing to their overall well-being and stability.
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Impact
October, 2024
Ibb Lodge 1 Sub Fund significantly impacts the financial stability of eligible participants in its jurisdiction by providing supplemental unemployment benefits. This support helps individuals navigate the challenges of temporary unemployment, ensuring they have a safety net during difficult times. By focusing on those affiliated with IBB Local Lodge No. One, the organization fosters a sense of community and mutual aid among its members, allowing them to better withstand economic hardships. The benefits provided can alleviate stress and promote resilience, enabling participants to maintain their livelihoods and contribute to the local economy during periods of unemployment.
This information is meant to be a general summary of Ibb Lodge 1 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $478,628
- Program Service Revenue: $1,243,239
- Gross Receipts: $8,876,068
Assets and Liabilities:
- Total Assets: $9,916,176
- Total Liabilities: $34,376
- Net Assets: $9,881,800
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$1,243,239
Organization Details
Founding Year
1969
Phone
(630) 584-8588Principal Officer
Eric Davis
Main Address
PO BOX 6054, ST CHARLES, IL, 60174
NTEE Category
Code: Y20 - Mutual benefit
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