Overview
What is Ibew Local 129 Fringe Benefits Plan?
Ibew Local 129 Fringe Benefits Plan is a nonprofit entity primarily focused on overseeing and managing union-related fringe benefit funds. This organization's primary mission is to ensure the proper administration of these funds, which typically include additional compensation or perks beyond an employee's base salary. The exact nature of the benefits provided by Ibew Local 129 is not specified in the provided information, but it can be inferred that they manage and distribute funds for various fringe benefits for union members.
Is Ibew Local 129 Fringe Benefits Plan legitimate?
Ibew Local 129 Fringe Benefits Plan is a legitimate nonprofit organization registered as a 501(c)(5) entity. Ibew Local 129 Fringe Benefits Plan 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $105,826
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What is the mission statement of Ibew Local 129 Fringe Benefits Plan?
The Ibew Local 129 Fringe Benefits Plan's primary role is centered around the administration of union fringe benefit funds. While the provided information does not provide a specific mission statement, it implies that the plan's purpose is to manage and distribute these funds for the benefit of its associated union members. The plan may not have a public-facing mission statement, as its focus appears to be primarily on its administrative duties.
Who is the CEO of Ibew Local 129 Fringe Benefits Plan?
Lou Grasso is the Trustee of Ibew Local 129 Fringe Benefits Plan.
What is the revenue of Ibew Local 129 Fringe Benefits Plan?
Ibew Local 129 Fringe Benefits Plan's revenue in 2021 was $11,420,793.
Who are the executives of Ibew Local 129 Fringe Benefits Plan and what are their salaries?
The average compensation at Ibew Local 129 Fringe Benefits Plan during 2021 was $52,913. There are 2 employees and 11 volunteers at Ibew Local 129 Fringe Benefits Plan.
Here are 10 key members and their salaries:
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Where can I find the form 990 for Ibew Local 129 Fringe Benefits Plan?
Ibew Local 129 Fringe Benefits Plan's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Ibew Local 129 Fringe Benefits Plan
Ibew Local 129 Fringe Benefits Plan is dedicated to the administration of union fringe benefit funds. Their primary mission revolves around managing and distributing funds allocated for various benefits, ensuring that union members receive the benefits they are entitled to. The plan plays a crucial role in facilitating the smooth operation of these benefits, acting as a bridge between the union and its members. The ultimate goal is to enhance the welfare of union members by effectively managing and disbursing their fringe benefit funds.
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Impact
October, 2024
The Ibew Local 129 Fringe Benefits Plan plays a crucial role in providing financial support and health benefits to its members. By administering union fringe benefit funds, the plan ensures that electrical workers in Lorain, OH, have access to essential benefits such as health insurance, retirement plans, and other forms of financial assistance. This support enhances job security and overall well-being, allowing members to focus on their work without the added stress of inadequate healthcare or retirement resources.
Moreover, the plan fosters a sense of community among the members, creating a safety net that can be relied upon in times of need. By facilitating access to these benefits, the Ibew Local 129 Fringe Benefits Plan not only aids individuals but also strengthens the labor force, contributing positively to the local economy and workforce stability.
This information is meant to be a general summary of Ibew Local 129 Fringe Benefits Plan. 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 2021.
- Program Service Revenue: $11,403,442
- Gross Receipts: $11,420,793
Assets and Liabilities:
- Total Assets: $1,293,016
- Total Liabilities: $1,034,422
- Net Assets: $258,594
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRIBUTIONS FROM FUNDS
Revenue
$217,752
CONTRACTOR PAYMENTS
Revenue
$11,185,690
Organization Details
Founding Year
1996
Phone
(440) 934-4447Principal Officer
Lou Grasso
Main Address
2235 WEST PARK DR, LORAIN, OH, 44053
NTEE Category
Code: J40 - Employment
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