Local 309 Ibew Income Security Fund

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

EIN: 371414717 ✦ Collinsville, IL ✦ Designated as a 501(c)(9)

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Overview

What is Local 309 Ibew Income Security Fund?

Local 309 Ibew Income Security Fund is a nonprofit organization situated in Collinsville, Illinois. Their primary mission is to offer supplemental unemployment benefits to eligible union members who may be facing financial hardship. With a team of 106 dedicated individuals, they aim to provide a safety net during periods of unemployment. The organization operates under the belief that union members should have additional support during challenging times.

Is Local 309 Ibew Income Security Fund legitimate?

Local 309 Ibew Income Security Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Local 309 Ibew Income Security 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 Local 309 Ibew Income Security Fund?

The Local 309 IBEW Income Security Fund is committed to providing supplemental unemployment benefits for eligible union members. This mission is carried out with the objective of offering financial support during periods of job loss within the union community. The fund aims to alleviate some of the financial strain experienced by union members during unemployment, thereby ensuring their livelihood and well-being during challenging times. The provision of these benefits is a testament to the fund's dedication to supporting its union members during their most difficult moments.

Who is the CEO of Local 309 Ibew Income Security Fund?

Matthew Eichholz is the Trustee of Local 309 Ibew Income Security Fund.

What is the revenue of Local 309 Ibew Income Security Fund?

Local 309 Ibew Income Security Fund's revenue in 2022 was $954,401.

Who are the executives of Local 309 Ibew Income Security Fund and what are their salaries?

There are 106 employees at Local 309 Ibew Income Security Fund.


Here are 6 key members and their salaries:


Chris Hankins (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Eichholz (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Busch (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom O'Hara (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Stuart (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Billy Sebousek (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Local 309 Ibew Income Security Fund?

Local 309 Ibew Income Security Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Local 309 Ibew Income Security Fund

The Local 309 IBEW Income Security Fund is dedicated to a mission that involves providing supplemental unemployment benefits to eligible union members. This nonprofit organization's primary goal is to offer financial support during periods of joblessness for union members who meet the necessary eligibility criteria. By providing these benefits, Local 309 IBEW Income Security Fund aims to alleviate some of the financial stress that may arise when union members find themselves out of work. This mission is instrumental in ensuring that union members can maintain their livelihoods during challenging times, thereby upholding the dignity and stability of their families and communities.

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Impact




October, 2024

Local 309 IBEW Income Security Fund provides essential supplemental unemployment benefits to eligible union members facing financial challenges during periods of unemployment. By offering financial support, the Fund plays a critical role in ensuring that members can maintain a degree of economic stability while they seek new employment opportunities. This helps to alleviate the stress associated with job loss and fosters a sense of security within the union community. Additionally, the Fund reinforces the solidarity among union members by emphasizing mutual support during difficult times, which is key to maintaining the overall well-being and resilience of the workforce in Collinsville, IL, and beyond.




This information is meant to be a general summary of Local 309 Ibew Income Security 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
$954,401 (2022)
Expenses
$550,155 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $132,933
  • Program Service Revenue: $820,106
  • Gross Receipts: $5,341,305

Assets and Liabilities:

  • Total Assets: $11,384,111
  • Total Liabilities: $109,721
  • Net Assets: $11,274,390

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$820,106

Organization Details

Founding Year

2001

Principal Officer

Matthew Eichholz

Main Address

2000A MALL STREET STE A, COLLINSVILLE, IL, 62234

NTEE Category

Code: Y43 - Mutual benefit

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