Overview
What is Ibew Local 104 Brotherhood Fund?
The Ibew Local 104 Brotherhood Fund is a charitable organization, established in Mansfield, Massachusetts. Its primary mission is to extend financial aid to members of the IBEW Local 104 Union and their families who are in need, specifically for their health, education, support, and maintenance. By providing these grants, the fund aims to alleviate financial hardships and contribute to the well-being of its beneficiaries. The Ibew Local 104 Brotherhood Fund operates as a nonprofit entity, demonstrating its commitment to supporting the community within the union.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating). This rating reflects a strong performance in accountability and finance, with the organization achieving an 80 score in this category. The rating is based solely on a single beacon score, emphasizing the importance of transparent financial practices and effective governance.
The IBEW Local 104 Brotherhood Fund demonstrates notable strengths, including a fully independent board of directors, with 60% of its members being independent. The organization has also reported no material diversion of assets and maintains a conflict of interest policy, which contributes positively to its accountability metrics. A program expense ratio of 100% indicates that all expenses are allocated towards its programs, highlighting its commitment to its mission.
However, there are areas for improvement, particularly in the absence of a whistleblower policy and a document retention and destruction policy, which both received a score of zero. These omissions may raise concerns about internal governance and accountability practices. Overall, while the organization showcases robust financial health and governance, addressing the noted limitations could enhance its standing in future evaluations.
This AI summary has been generated from information found on Charity Navigator.
Is Ibew Local 104 Brotherhood Fund legitimate?
Ibew Local 104 Brotherhood Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ibew Local 104 Brotherhood 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Ibew Local 104 Brotherhood Fund?
The Ibew Local 104 Brotherhood Fund is dedicated to providing financial assistance to individual members of the IBEW Local 104 Union and their families who are in need. This aid is intended for health, education, support, and maintenance purposes. The fund makes these grants based on a determination made by the trustees, demonstrating their commitment to helping those in financial distress within their union community.
Who is the CEO of Ibew Local 104 Brotherhood Fund?
Brian Murphy is the President of Ibew Local 104 Brotherhood Fund.
What is the revenue of Ibew Local 104 Brotherhood Fund?
Ibew Local 104 Brotherhood Fund's revenue in 2022 was $148,489.
Who are the executives of Ibew Local 104 Brotherhood Fund and what are their salaries?
Here are 17 key members and their salaries:
- Compensation: $0
- Related: $176,601
- Other: $76,545
- Compensation: $0
- Related: $175,466
- Other: $76,545
- Compensation: $0
- Related: $174,392
- Other: $76,545
- Compensation: $0
- Related: $188,544
- Other: $76,691
- Compensation: $0
- Related: $167,207
- Other: $76,362
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $660
- Other: $0
- Compensation: $0
- Related: $2,589
- Other: $0
- Compensation: $0
- Related: $1,779
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $600
- Other: $0
- Compensation: $0
- Related: $2,469
- Other: $0
- Compensation: $0
- Related: $3,112
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Ibew Local 104 Brotherhood Fund?
Ibew Local 104 Brotherhood Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ibew Local 104 Brotherhood Fund
The IBEW Local 104 Brotherhood Fund is a charitable organization with a mission to provide financial assistance to individual members of the International Brotherhood of Electrical Workers (IBEW) Local 104 union and their families. This support is aimed at addressing their health, educational, and maintenance needs, as well as offering essential support during challenging times. The fund's trustees determine the eligibility of the recipients based on their financial hardship. By offering these grants, the IBEW Local 104 Brotherhood Fund aims to help its union members and their families maintain a decent standard of living and navigate through periods of financial instability.
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Impact
October, 2024
The IBEW Local 104 Brotherhood Fund plays a significant role in enhancing the well-being of its members and their families. By providing financial grants, the Fund directly addresses essential needs such as health, education, support, and maintenance for those who find themselves in difficult circumstances.
Members of the IBEW Local 104 Union, along with their families, can access financial assistance during challenging times, ensuring that they receive crucial support for health-related expenses, educational pursuits, and overall welfare. This assistance promotes stability within the community and alleviates some of the financial burdens that can arise from unexpected life events.
The proactive approach of the Fund, driven by the assessment of trustees who determine the eligibility for support, reinforces the Brotherhood's commitment to its members. By focusing on the specific needs of individuals and families, the IBEW Local 104 Brotherhood Fund fosters a sense of solidarity and empowerment, helping to create a stronger, more resilient union membership.
This information is meant to be a general summary of Ibew Local 104 Brotherhood 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: $2,505
- Program Service Revenue: $145,984
- Gross Receipts: $246,542
Assets and Liabilities:
- Total Assets: $356,173
- Total Liabilities: $0
- Net Assets: $356,173
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$145,984
Organization Details
Founding Year
1900
Phone
(508) 660-3900Principal Officer
Brian Murphy
Main Address
900 SOUTH MAIN STREET, MANSFIELD, MA, 02048
NTEE Category
Code: P20 - Human services
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