Local 166 Building Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 351776725 ✦ Fort wayne, IN ✦ Designated as a 501(c)(5)

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Overview

What is Local 166 Building Corporation?

Local 166 Building Corporation is a nonprofit organization situated in Fort Wayne, Indiana, with an address at 2930 WEST LUDWIG ROAD. Its primary purpose is to serve the Plumbers and Steamfitters Local #166 members by holding title to and maintaining their property. This corporation provides essential facilities, such as an office, meeting spaces, a training facility, and a clinic, to support the needs of the union members. Its mission is to benefit both the Plumbers and Steamfitters Local #166 and the Joint Apprentice Training Committee. By doing so, the Local 166 Building Corporation plays a crucial role in enhancing the working environment and resources for its members.

Is Local 166 Building Corporation legitimate?

Local 166 Building Corporation is a legitimate nonprofit organization registered as a 501(c)(5) entity. Local 166 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

What is the mission statement of Local 166 Building Corporation?

The Local 166 Building Corporation's mission is to serve the Plumbers and Steamfitters Local #166 and the Joint Apprentice Training Committee by providing and maintaining a property and building. This includes offering an office, meeting, training facility, and clinic for the members of Plumbers and Steamfitters Local #166. The corporation was established with the purpose of holding title to and maintaining the property for the benefit of the Local #166 members.

Who is the CEO of Local 166 Building Corporation?

Kent Prosser is the President of Local 166 Building Corporation.

What is the revenue of Local 166 Building Corporation?

Local 166 Building Corporation's revenue in 2022 was $710,247.

Who are the executives of Local 166 Building Corporation and what are their salaries?


Here are 7 key members and their salaries:


Kent Prosser (President)
  • Compensation: $0
  • Related: $103,071
  • Other: $75,247
Travis Coburn (Director)
  • Compensation: $0
  • Related: $1,399
  • Other: $590
Brian Moreno (Recording Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicholas York (Director - Past)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Brown (Director - Past)
  • Compensation: $0
  • Related: $101,641
  • Other: $71,264
Kurt Prosser (Director - New)
  • Compensation: $0
  • Related: $1,352
  • Other: $814
Jess Wagner (Director - New)
  • Compensation: $0
  • Related: $1,014
  • Other: $684
Where can I find the form 990 for Local 166 Building Corporation?

Local 166 Building Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Local 166 Building Corporation

Local 166 Building Corporation, established with the primary objective, serves to provide and maintain property and buildings for the benefit of the Plumbers and Steamfitters Local #166 and the Joint Apprentice Training Committee. This corporation plays a vital role in offering an office, meeting, training facility, and clinic for the members of Plumbers and Steamfitters Local #166. By doing so, it ensures a conducive environment for the members to conduct their activities, meetings, and training sessions. The corporation's main purpose is to hold title to and maintain the property, thereby contributing to the welfare of the Plumbers and Steamfitters Local #166 members. This selfless act allows the members to focus on their professional development and collectively advance the plumbing and steamfitting industry.

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Impact




October, 2024

Local 166 Building Corporation significantly enhances the wellbeing of the Plumbers and Steamfitters Local #166 members by maintaining essential facilities that support their professional development and community engagement. Located in Fort Wayne, Indiana, the corporation plays a crucial role in providing a dedicated space for office operations, meetings, and training sessions. This includes a clinic that addresses the health and wellness needs of the members.

By ensuring that these facilities are well-maintained, Local 166 Building Corporation fosters an environment conducive to skill enhancement, collaboration, and professional networking among members. This emphasis on training and mutual support not only aids in the development of skilled tradespeople but also contributes to a stronger, more united workforce. The corporation's commitment to maintaining property for the benefit of its members ultimately leads to improved employment opportunities and career advancement within the plumbing and steamfitting industry.




This information is meant to be a general summary of Local 166 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.

Revenue
$710,247 (2022)
Expenses
$483,695 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $55
  • Program Service Revenue: $709,192
  • Gross Receipts: $710,247

Assets and Liabilities:

  • Total Assets: $5,157,067
  • Total Liabilities: $1,769,390
  • Net Assets: $3,387,677

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

BUILDING ASSESSMENTS

Revenue

$308,145

RENTAL INCOME

Revenue

$298,836

REIMBURSEMENT OF BUILD

Revenue

$74,641

PROPERTY TAX REFUND

Revenue

$27,570

Organization Details

Founding Year

1999

Principal Officer

Kent Prosser

Main Address

2930 WEST LUDWIG ROAD, FORT WAYNE, IN, 46818

NTEE Category

Code: J40 - Employment

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