Overview
What is Ibew Local 71 Building Corporation?
IBEW Local 71 Building Corporation functions as a title-holding entity for real estate properties. This nonprofit organization is specifically designed to manage and maintain these properties, with any generated profits being channeled back to IBEW Local Union No. 71 to aid in its charitable missions. The corporation's primary role is to safeguard and maintain its property holdings, ensuring they continue to benefit IBEW Local Union No. 71 in its pursuit of exempt functions.
Official website here: www.ibew71.org
Is Ibew Local 71 Building Corporation legitimate?
Ibew Local 71 Building Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Ibew Local 71 Building Corporation 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
Official website here: www.ibew71.org
What is the mission statement of Ibew Local 71 Building Corporation?
IBEW Local 71 Building Corporation functions as a title-holding corporation for real property. Its primary objective is to generate profits from property rentals and then channel these earnings back to IBEW Local Union No. 71 to aid in its exempt activities. The corporation utilizes the rental income to maintain the properties under its management. The main purpose of IBEW Local 71 Building Corporation is to support its affiliated union by providing financial assistance through its property holdings.
Official website here: www.ibew71.org
What is the revenue of Ibew Local 71 Building Corporation?
Ibew Local 71 Building Corporation's revenue in 2023 was $48,032.
Official website here: www.ibew71.org
Who are the executives of Ibew Local 71 Building Corporation and what are their salaries?
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $182,821
- Other: $59,516
- Compensation: $0
- Related: $154,661
- Other: $53,011
- Compensation: $0
- Related: $154,661
- Other: $53,011
- Compensation: $0
- Related: $139,093
- Other: $49,563
- Compensation: $0
- Related: $114,362
- Other: $37,483
- Compensation: $0
- Related: $94,104
- Other: $31,555
- Compensation: $0
- Related: $93,879
- Other: $31,555
- Compensation: $0
- Related: $76,091
- Other: $20,953
- Compensation: $0
- Related: $54,601
- Other: $15,777
- Compensation: $0
- Related: $300
- Other: $0
- Compensation: $0
- Related: $250
- Other: $0
Official website here: www.ibew71.org
Where can I find the form 990 for Ibew Local 71 Building Corporation?
Ibew Local 71 Building Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ibew71.org
Learn more at the official website: www.ibew71.org
Mission Statement of Ibew Local 71 Building Corporation
IBEW Local 71 Building Corporation, functioning as a title holding corporation, is dedicated to managing real property. Its primary objective is to generate profits, which are then channeled back to IBEW Local Union No. 71. This non-profit organization utilizes these earnings to support its exempt function, ensuring the proper maintenance of the property under its management. By serving as a financial base for IBEW Local Union No. 71, IBEW Local 71 Building Corporation plays a crucial role in supporting the exempt activities of the union.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
IBEW Local 71 Building Corporation significantly impacts the community by managing and maintaining real estate assets that support the operations of IBEW Local Union No. 71. By acting as a title-holding corporation, it ensures that any profits generated from its properties are reinvested back into the union's activities, helping to enhance its reach and effectiveness in the community.
The corporation's rental income is directed towards the upkeep of these properties, ensuring they remain in good condition and continue to serve the needs of the union and its members. This focus on property maintenance not only contributes to local economic stability but also plays a crucial role in maintaining spaces that may be used for union functions, training, and community events, thereby fostering a sense of solidarity and community engagement among members.
Overall, IBEW Local 71 Building Corporation supports community improvement initiatives and helps strengthen the union’s mission, benefiting both its members and the surrounding area.
This information is meant to be a general summary of Ibew Local 71 Building Corporation. 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 2023.
- Investment Income: $32
- Gross Receipts: $48,032
Assets and Liabilities:
- Total Assets: $965,891
- Total Liabilities: $327,902
- Net Assets: $637,989
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1994
Principal Officer
Jeffery Kessler
Website
www.ibew71.orgNTEE Category
Code: S47 - Community improvement
If you are a representative of Ibew Local 71 Building Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.