Ibew Local 701 Supplemental Unemployment Benefit Fund

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

EIN: 364166378 ✦ Warrenville, IL ✦ Designated as a 501(c)(17)

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Overview

What is Ibew Local 701 Supplemental Unemployment Benefit Fund?

The IBEW Local 701 Supplemental Unemployment Benefit Fund is a nonprofit organization that serves eligible members in the electrical contracting industry. Its primary objective is to provide financial assistance, offering a degree of income security during periods of layoffs. This fund operates with the mission of alleviating some of the financial burden experienced by its members during such challenging times.

Is Ibew Local 701 Supplemental Unemployment Benefit Fund legitimate?

Ibew Local 701 Supplemental Unemployment Benefit Fund is a legitimate nonprofit organization registered as a 501(c)(17) entity. Ibew Local 701 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 701 Supplemental Unemployment Benefit Fund?

The IBEW Local 701 Supplemental Unemployment Benefit Fund's mission is centered around providing income security for its eligible members during layoffs in the electrical contracting industry. The primary objective of the fund is to offer a measure of financial assistance during these challenging periods. By doing so, the fund aims to alleviate some of the financial burdens that members may face during layoffs, thereby providing them with a sense of stability and support during a difficult time.

Who is the CEO of Ibew Local 701 Supplemental Unemployment Benefit Fund?

Kevin Connelly is the Trustee of Ibew Local 701 Supplemental Unemployment Benefit Fund.

What is the revenue of Ibew Local 701 Supplemental Unemployment Benefit Fund?

Ibew Local 701 Supplemental Unemployment Benefit Fund's revenue in 2022 was $192,407.

Who are the executives of Ibew Local 701 Supplemental Unemployment Benefit Fund and what are their salaries?

There are 78 employees at Ibew Local 701 Supplemental Unemployment Benefit Fund.


Here are 11 key members and their salaries:


Robert Panatera (Trustee)
  • Compensation: $0
  • Related: $3,382
  • Other: $2,756
Frank Furco (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anthony Giunti (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Mcdonnell (Trustee)
  • Compensation: $0
  • Related: $3,678
  • Other: $2,996
William Drew (Trustee)
  • Compensation: $0
  • Related: $2,953
  • Other: $2,405
Anthony Mulizio (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Cattaneo (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Connelly (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Giuseppe Muzzupappa (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Creen (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Francis Sikora (Former Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Ibew Local 701 Supplemental Unemployment Benefit Fund?

Ibew Local 701 Supplemental Unemployment Benefit Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Ibew Local 701 Supplemental Unemployment Benefit Fund

IBEW Local 701 Supplemental Unemployment Benefit Fund is dedicated to providing income security for its eligible members during layoffs in the electrical contracting industry. Its primary mission is to offer a measure of financial support during challenging times, aiming to alleviate the financial strain caused by job losses. By doing so, the fund seeks to maintain a sense of financial stability and security for its members, allowing them to weather the period of unemployment with some degree of financial certainty.

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Impact




October, 2024

The IBEW Local 701 Supplemental Unemployment Benefit Fund plays a crucial role in supporting eligible members by providing financial assistance during layoffs in the electrical contracting industry. By offering income security during these challenging times, the fund helps mitigate the financial impact of job loss, enabling individuals and families to maintain stability while they seek new employment opportunities. This safety net is essential for members facing unpredictable employment conditions, allowing them to navigate transitions with a reduced burden of financial stress. The fund’s mission fosters resilience within the workforce, ensuring that members have access to necessary resources during adverse situations.




This information is meant to be a general summary of Ibew Local 701 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
$192,407 (2022)
Expenses
$68,400 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $15,239
  • Program Service Revenue: $177,168
  • Gross Receipts: $192,546

Assets and Liabilities:

  • Total Assets: $1,517,240
  • Total Liabilities: $5,717
  • Net Assets: $1,511,523

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$177,168

Organization Details

Founding Year

1998

Principal Officer

Kevin Connelly

Main Address

28600 BELLA VISTA PARKWAY 1110, WARRENVILLE, IL, 60555

NTEE Category

Code: Y20 - Mutual benefit

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