Overview
What is Local 481 International Brotherhood Of Electrical Workers Building Corp?
Local 481 International Brotherhood of Electrical Workers Building Corp is a nonprofit organization situated at 1828 North Meridian Street, Indianapolis, Indiana. Its primary purpose is to own and manage property primarily utilized by union officers, employees, and members of IBEW Local 481 for conducting union business, as well as related benefit trusts, pension plans, and a credit union established for the benefit of the local union's members. Essentially, the corporation holds title to real property, generates income from it, and then distributes the proceeds, minus expenses, to IBEW Local 481. This organization is instrumental in supporting the union's operations and member-centric initiatives.
Is Local 481 International Brotherhood Of Electrical Workers Building Corp legitimate?
Local 481 International Brotherhood Of Electrical Workers Building Corp is a legitimate nonprofit organization registered as a 501(c)(2) entity. Local 481 International Brotherhood Of Electrical Workers Building Corp 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 481 International Brotherhood Of Electrical Workers Building Corp?
The Local 481 International Brotherhood of Electrical Workers Building Corp serves as a holding entity for real property. Its primary objective is to generate income from this property, retaining only the necessary expenses. The remaining income is then transferred to Local Union No. 481 of the International Brotherhood of Electrical Workers. Established for the benefit of the union's members, this corporation also oversees the use of the property by union officers, employees, and members for conducting union business, as well as by related entities like the benefit trust, pension plan, and credit union.
Who is the CEO of Local 481 International Brotherhood Of Electrical Workers Building Corp?
Jeff Wheeler is the Finl Secy/Bus Mgr of Local 481 International Brotherhood Of Electrical Workers Building Corp.
What is the revenue of Local 481 International Brotherhood Of Electrical Workers Building Corp?
Local 481 International Brotherhood Of Electrical Workers Building Corp's revenue in 2022 was $411,394.
Who are the executives of Local 481 International Brotherhood Of Electrical Workers Building Corp and what are their salaries?
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $115,251
- Other: $68,786
- Compensation: $0
- Related: $169
- Other: $0
- Compensation: $0
- Related: $1,461
- Other: $0
- Compensation: $0
- Related: $2,337
- Other: $869
- Compensation: $0
- Related: $3,018
- Other: $1,045
- Compensation: $0
- Related: $3,722
- Other: $1,402
- Compensation: $0
- Related: $3,830
- Other: $1,675
- Compensation: $0
- Related: $4,365
- Other: $1,953
- Compensation: $0
- Related: $6,429
- Other: $3,177
- Compensation: $0
- Related: $109,397
- Other: $66,939
Where can I find the form 990 for Local 481 International Brotherhood Of Electrical Workers Building Corp?
Local 481 International Brotherhood Of Electrical Workers Building Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Local 481 International Brotherhood Of Electrical Workers Building Corp
Local 481 International Brotherhood Of Electrical Workers Building Corp is established with a mission to hold title to real property. This corporation collects income from the rented property and then transfers the remaining amount, after deducting expenses, to Local Union No. 481 of the International Brotherhood of Electrical Workers. The primary purpose of this corporation is to provide a suitable space for Union officers, employees, and members to conduct Union business, as well as for the related Benefit Trust, Pension Plan, and Credit Union, all established for the benefit of IBEW Local 481's members.
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
Local 481 International Brotherhood Of Electrical Workers Building Corp plays a crucial role in supporting the infrastructure and operational needs of IBEW Local 481 and its members. By holding title to property primarily used by union officers, employees, and members, it facilitates the execution of union business and activities essential for collective representation and advocacy.
The organization ensures that resources are effectively managed and income from the property is funneled back into the local union, thereby reinforcing its mission and enabling it to provide better services for its members. Additionally, by overseeing the related benefit trust, pension plan, and credit union, Local 481 Building Corp significantly contributes to the financial welfare and stability of its members.
In terms of community improvement, this focus on managing resources and providing support services helps to foster a stronger, more cohesive union, which can lead to improved working conditions and better employment opportunities for electrical workers in the Indianapolis area. Overall, the building corporation enhances the capacity of IBEW Local 481 to advocate for the interests of its membership, contributing to both the union's longevity and the community's economic wellbeing.
This information is meant to be a general summary of Local 481 International Brotherhood Of Electrical Workers Building Corp. 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.
- Program Service Revenue: $411,394
- Gross Receipts: $411,394
Assets and Liabilities:
- Total Assets: $1,382,736
- Total Liabilities: $0
- Net Assets: $1,382,736
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$411,394
Organization Details
Founding Year
1993
Phone
(317) 923-2596Principal Officer
Jeff Wheeler
Main Address
1828 NORTH MERIDIAN STREET, INDIANAPOLIS, IN, 46202
NTEE Category
Code: S47 - Community improvement
If you are a representative of Local 481 International Brotherhood Of Electrical Workers Building Corp 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.