Ibew Local 176 Supplemental Unemployment Benefit Fund

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

EIN: 363936888 ✦ Joliet, IL ✦ Designated as a 501(c)(9)

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Overview

What is Ibew Local 176 Supplemental Unemployment Benefit Fund?

IBEW Local 176 Supplemental Unemployment Benefit Fund is a nonprofit organization that offers additional unemployment assistance to eligible individuals. Its primary mission is to provide Supplemental Unemployment Benefits, utilizing its own funds for this purpose. The fund serves to support workers during periods of unemployment, contributing to their financial stability during challenging times.

Is Ibew Local 176 Supplemental Unemployment Benefit Fund legitimate?

Ibew Local 176 Supplemental Unemployment Benefit Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Ibew Local 176 Supplemental Unemployment Benefit 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

For more financial information, click here

What is the mission statement of Ibew Local 176 Supplemental Unemployment Benefit Fund?

The IBEW Local 176 Supplemental Unemployment Benefit Fund is devoted to providing supplemental unemployment benefits for eligible participants. This is achieved by utilizing the fund's resources effectively. The primary mission of the fund is to offer financial assistance during periods of unemployment, thereby providing a safety net for those in need. The fund's activities are centered around the distribution of these benefits, ensuring that eligible individuals receive the necessary support during difficult times.

Who is the CEO of Ibew Local 176 Supplemental Unemployment Benefit Fund?

Andy Rico is the Trustee of Ibew Local 176 Supplemental Unemployment Benefit Fund.

What is the revenue of Ibew Local 176 Supplemental Unemployment Benefit Fund?

Ibew Local 176 Supplemental Unemployment Benefit Fund's revenue in 2022 was $2,837,740.

Who are the executives of Ibew Local 176 Supplemental Unemployment Benefit Fund and what are their salaries?

There are 921 employees at Ibew Local 176 Supplemental Unemployment Benefit Fund.


Here are 8 key members and their salaries:


Andres Rico (Trustee)
  • Compensation: $0
  • Related: $139,244
  • Other: $86,392
Nick Olson (Trustee)
  • Compensation: $0
  • Related: $15,502
  • Other: $11,779
Ryan Aldrich (Trustee)
  • Compensation: $0
  • Related: $73,548
  • Other: $44,633
David Ruder (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Keast (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Rolih (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Clemmons (Former Trustee)
  • Compensation: $0
  • Related: $70,511
  • Other: $42,944
Andrew Magruder (Former Trustee)
  • Compensation: $0
  • Related: $488
  • Other: $400
Where can I find the form 990 for Ibew Local 176 Supplemental Unemployment Benefit Fund?

Ibew Local 176 Supplemental Unemployment Benefit Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Ibew Local 176 Supplemental Unemployment Benefit Fund

The IBEW Local 176 Supplemental Unemployment Benefit Fund is dedicated to providing supplemental unemployment benefits for eligible participants. Utilizing its own funds, this nonprofit organization offers additional financial aid during periods of unemployment, thereby extending a helping hand to those in need. The mission of IBEW Local 176 Supplemental Unemployment Benefit Fund is to alleviate some of the financial strain experienced by eligible participants during times of unemployment, thereby providing a vital financial safety net.

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Impact




October, 2024

The IBEW Local 176 Supplemental Unemployment Benefit Fund provides crucial supplemental unemployment benefits to eligible participants, offering financial support during periods of joblessness. This fund acts as a safety net, enabling individuals to manage their living expenses when they are unemployed. By providing these benefits, the fund plays a significant role in alleviating the financial stress that often comes with job loss, helping to stabilize both personal and community economies.

The availability of supplemental benefits can also encourage workers to pursue additional training or seek new employment without the immediate pressure of financial insecurity. By supporting members through challenging times, the fund fosters a sense of security and community among its participants. Overall, the impact of the IBEW Local 176 Supplemental Unemployment Benefit Fund extends beyond individual financial relief, contributing to a more resilient workforce and community in Joliet, IL.




This information is meant to be a general summary of Ibew Local 176 Supplemental Unemployment Benefit 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.

Revenue
$2,837,740 (2022)
Expenses
$2,922,158 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $148,508
  • Program Service Revenue: $2,689,232
  • Gross Receipts: $2,837,740

Assets and Liabilities:

  • Total Assets: $11,196,809
  • Total Liabilities: $0
  • Net Assets: $11,196,809

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Programs

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

CONTRACTOR CONTRIBUTIO

Revenue

$2,689,232

Organization Details

Founding Year

1994

Principal Officer

Andy Rico

Main Address

1100 N E FRONTAGE ROAD, JOLIET, IL, 60431

NTEE Category

Code: Y40 - Mutual benefit

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