Overview
What is Ibew 688 Fringe Benefit Funds Inc?
Ibew 688 Fringe Benefit Funds Inc is a nonprofit organization that serves as a centralized entity for contractors. They allow contractors to send a single payment covering all fringe benefits as per collective bargaining agreements. The organization then distributes these funds to the respective fringe benefit funds. Its primary function is to manage and distribute contributions towards fringe benefits, union dues, and other payments specified in collective bargaining agreements.
Is Ibew 688 Fringe Benefit Funds Inc legitimate?
Ibew 688 Fringe Benefit Funds Inc is a legitimate nonprofit organization registered as a 501(c)(5) entity. Ibew 688 Fringe Benefit Funds Inc 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: $43,416
For more financial information, click here
What is the mission statement of Ibew 688 Fringe Benefit Funds Inc?
Ibew 688 Fringe Benefit Funds Inc serves as a centralized entity, allowing contractors to send a single payment for all fringe benefits due under various collective bargaining agreements. The organization's primary function is to collect and distribute these fringe benefit contributions, union dues, and other contributions made under these agreements. The purpose of Ibew 688 Fringe Benefit Funds Inc is to facilitate the process, ensuring that contractors only need to make one payment and individual fringe funds receive the appropriate allocations.
Who is the CEO of Ibew 688 Fringe Benefit Funds Inc?
Carl Neutzling is the Trustee of Ibew 688 Fringe Benefit Funds Inc.
What is the revenue of Ibew 688 Fringe Benefit Funds Inc?
Ibew 688 Fringe Benefit Funds Inc's revenue in 2022 was $3,286,378.
Who are the executives of Ibew 688 Fringe Benefit Funds Inc and what are their salaries?
The average compensation at Ibew 688 Fringe Benefit Funds Inc during 2022 was $43,416. There is 1 employee at Ibew 688 Fringe Benefit Funds Inc.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Ibew 688 Fringe Benefit Funds Inc?
Ibew 688 Fringe Benefit Funds Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ibew 688 Fringe Benefit Funds Inc
Ibew 688 Fringe Benefit Funds Inc serves as a centralized entity, allowing contractors to send a single payment for all fringe benefits owed under collective bargaining agreements. The organization's primary mission is to collect and distribute these fringe benefit contributions, union dues, and other payments made in accordance with any collective bargaining agreement. Essentially, Ibew 688 Fringe Benefit Funds Inc acts as a facilitator, handling the financial aspects of fringe benefits for contractors and the relevant unions, ensuring a streamlined and efficient process.
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Impact
October, 2024
Ibew 688 Fringe Benefit Funds Inc plays a crucial role in the construction and labor sectors by streamlining the process for contractors to manage and fulfill their obligations regarding fringe benefits and union dues. By serving as a central entity, it simplifies financial transactions by allowing contractors to send one consolidated payment for all fringe benefits owed under collective bargaining agreements. This efficiency reduces administrative burdens on contractors and ensures timely and accurate disbursement of funds to various individual fringe benefit programs.
The organization is dedicated to collecting and distributing fringe benefit contributions in a structured manner, which not only supports workers' benefits but also promotes fair labor practices. By ensuring that contributions are properly allocated, it safeguards the financial interests of workers and enhances their overall compensation package, contributing to better employee satisfaction and retention in the industry. Overall, Ibew 688 Fringe Benefit Funds Inc significantly impacts both the operational efficiency for contractors and the financial well-being of the workforce it represents.
This information is meant to be a general summary of Ibew 688 Fringe Benefit Funds Inc. 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: $9
- Program Service Revenue: $3,286,369
- Gross Receipts: $3,286,378
Assets and Liabilities:
- Total Assets: $37,718
- Total Liabilities: $954
- Net Assets: $36,764
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$3,286,369
Organization Details
Founding Year
2009
Phone
(419) 529-5889Principal Officer
Carl Neutzling
Main Address
67 SOUTH WALNUT ST, MANSFIELD, OH, 44902
NTEE Category
Code: J40 - Employment
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