Overview
What is Ibew Local 701 Vacation Fund?
IBEW Local 701 Vacation Fund is a nonprofit organization dedicated to offering vacation benefits to its participants. Their primary mission is to ensure that individuals can fully enjoy their time off. To guarantee the continuity of these benefits, the organization has established safeguards, ensuring they will not be discontinued or negatively impacted if more than a quarter of their net assets are disposed of. The fund operates with the aim of providing a valuable leisure resource for its participants.
Is Ibew Local 701 Vacation Fund legitimate?
Ibew Local 701 Vacation Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Ibew Local 701 Vacation 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
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What is the mission statement of Ibew Local 701 Vacation Fund?
The IBEW Local 701 Vacation Fund's mission is centered around providing vacation benefits to its participants. The organization strives to ensure that individuals can take advantage of their time off, aiming to make this benefit a consistent and reliable aspect of their lives. Moreover, the IBEW Local 701 Vacation Fund is proactive in safeguarding the continuity of these benefits. They have implemented measures that protect these benefits from discontinuation or significant impact, even if more than a quarter of their net assets are disposed of.
What is the revenue of Ibew Local 701 Vacation Fund?
Ibew Local 701 Vacation Fund's revenue in 2024 was $14,663,680.
Who are the executives of Ibew Local 701 Vacation Fund and what are their salaries?
Here are 12 key members and their salaries:
- Compensation: $0
- Related: $166,849
- Other: $118,818
- Compensation: $0
- Related: $9,439
- Other: $4,287
- Compensation: $0
- Related: $10,246
- Other: $3,992
- Compensation: $0
- Related: $4,326
- Other: $3,534
- Compensation: $0
- Related: $174,119
- Other: $113,978
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Ibew Local 701 Vacation Fund?
Ibew Local 701 Vacation Fund's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Ibew Local 701 Vacation Fund
The IBEW Local 701 Vacation Fund is dedicated to providing vacation benefits to its participants. This nonprofit organization seeks to ensure that individuals can enjoy their time off, recognizing the importance of rest and relaxation. To safeguard the continuity of these benefits, the fund has implemented provisions that protect them from discontinuation or significant impact, should more than a quarter of its net assets be disposed of.
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Impact
October, 2024
The IBEW Local 701 Vacation Fund significantly impacts its participants by providing essential vacation benefits, ensuring they can enjoy their time off without financial stress. The fund's programs are designed with the participants' well-being in mind, allowing them to take necessary breaks from work, which can enhance their overall quality of life and job satisfaction.
Moreover, the fund has established safeguards to maintain these benefits, protecting against disruptions in case of substantial asset disposal. This commitment ensures that participants can rely on these vacation benefits over the long term, promoting financial stability and peace of mind. Overall, the IBEW Local 701 Vacation Fund plays a crucial role in fostering a supportive environment for its members, allowing them to prioritize their personal time and well-being.
This information is meant to be a general summary of Ibew Local 701 Vacation 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 2024.
- Investment Income: $123,125
- Program Service Revenue: $14,540,555
- Gross Receipts: $14,663,680
Assets and Liabilities:
- Total Assets: $3,565,124
- Total Liabilities: $3,276,132
- Net Assets: $288,992
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$14,540,555
Organization Details
Founding Year
1971
Principal Officer
Kevin Connelly
NTEE Category
Code: Y40 - Mutual benefit
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