Overview
What is Ibew 102 Holding Corp?
Ibew 102 Holding Corp is a nonprofit organization situated in Parsippany, New Jersey. Its primary function is to serve as a title holding entity, managing the real estate utilized by Local Union #102, IBEW for their hiring hall and offices. The organization collects income derived from this property and subsequently distributes the income, after deducting expenses, to Local 102 I.B.E.W. This arrangement allows the local union to effectively operate and provide necessary facilities for its members.
Is Ibew 102 Holding Corp legitimate?
Ibew 102 Holding Corp is a legitimate nonprofit organization registered as a 501(c)(2) entity. Ibew 102 Holding Corp 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
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What is the mission statement of Ibew 102 Holding Corp?
Ibew 102 Holding Corp serves as a title-holding entity, its primary function being to manage the real estate utilized by Local Union #102, IBEW, specifically for their hiring hall and offices. The organization's purpose is to collect income derived from the property and subsequently transfer the earnings, after deducting expenses, to Local 102 I.B.E.W. In essence, Ibew 102 Holding Corp plays a crucial role in ensuring the Union's smooth operation and financial stability by providing them with a suitable space for their operations.
Who is the CEO of Ibew 102 Holding Corp?
Matthew Oswald is the Principal Officer of Ibew 102 Holding Corp.
What is the revenue of Ibew 102 Holding Corp?
Ibew 102 Holding Corp's revenue in 2022 was -$65,154.
Who are the executives of Ibew 102 Holding Corp and what are their salaries?
There 2 volunteers at Ibew 102 Holding Corp.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $4,005
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $1,192
- Other: $0
- Compensation: $0
- Related: $241
- Other: $0
- Compensation: $0
- Related: $1,430
- Other: $0
- Compensation: $0
- Related: $1,430
- Other: $0
- Compensation: $0
- Related: $1,430
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Ibew 102 Holding Corp?
Ibew 102 Holding Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ibew 102 Holding Corp
Ibew 102 Holding Corp, as a title holding entity, plays a crucial role in supporting Local Union #102, IBEW by holding the real estate used for their hiring hall and offices. The primary mission of Ibew 102 Holding Corp is to manage this property effectively, collecting income from it. This income is then meticulously managed, with all revenues less expenses being transferred to Local 102 I.B.E.W. In essence, Ibew 102 Holding Corp acts as a financial steward, ensuring the real estate needed by Local Union #102, IBEW, is maintained and utilized efficiently. The organization's mission is pivotal in providing a stable environment for the union to carry out its operations, ultimately fostering the success and growth of Local Union #102, IBEW.
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Impact
October, 2024
Ibew 102 Holding Corp plays a crucial role in supporting Local Union #102, IBEW by managing the real estate assets that house its hiring hall and offices. By acting as a title holding entity, the organization facilitates the union's operations, allowing for a centralized location where members can access resources, training, and job placement services.
The income generated from the real estate is reinvested into the union, with all proceeds—after covering expenses—directed to enhance Local 102's capabilities and initiatives. This financial support empowers the union to better serve its members, reinforce community ties, and engage in activities that promote job security and workforce development. Through its management of real estate, Ibew 102 Holding Corp significantly contributes to the local community's improvement and economic stability.
This information is meant to be a general summary of Ibew 102 Holding Corp. 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: $1,406
- Gross Receipts: $930,032
Assets and Liabilities:
- Total Assets: $8,398,424
- Total Liabilities: $4,380,721
- Net Assets: $4,017,703
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Organization Details
Founding Year
1900
Phone
(973) 887-1718Principal Officer
Matthew Oswald
Main Address
50 PARSIPPANY ROAD, Parsippany, NJ, 07054
NTEE Category
Code: S47 - Community improvement
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