Overview
What is Ibew Local 481 Supplemental Unemployment Benefit Plan?
IBEW Local 481 Supplemental Unemployment Benefit Plan is a nonprofit organization situated in Indianapolis, Indiana. This fraternal beneficiary society and voluntary employees association provides supplemental unemployment benefits to its participants. Their primary mission is to offer financial support during periods of joblessness, operating as a safety net for individuals in need. The plan operates as a fraternal society and voluntary association, emphasizing solidarity and mutual aid within its membership.
Is Ibew Local 481 Supplemental Unemployment Benefit Plan legitimate?
Ibew Local 481 Supplemental Unemployment Benefit Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Ibew Local 481 Supplemental Unemployment Benefit Plan 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: $21,837
Professional Fundraising Fees: $0
Other Salaries and Wages: $66,671
For more financial information, click here
What is the mission statement of Ibew Local 481 Supplemental Unemployment Benefit Plan?
The IBEW Local 481 Supplemental Unemployment Benefit Plan serves the purpose of offering supplemental unemployment benefits to its participants. Functioning as a fraternal beneficiary society and voluntary employees association, its mission is to provide financial assistance during periods of unemployment, thereby offering a safety net to its members. The plan operates with the aim of alleviating some of the financial burdens during unemployment, thus providing a sense of security to its participants. It should be noted that the plan's activities are focused solely on offering supplemental unemployment benefits and do not extend to other financial or insurance-related services.
Who is the CEO of Ibew Local 481 Supplemental Unemployment Benefit Plan?
David Ray is the Trustee of Ibew Local 481 Supplemental Unemployment Benefit Plan.
What is the revenue of Ibew Local 481 Supplemental Unemployment Benefit Plan?
Ibew Local 481 Supplemental Unemployment Benefit Plan's revenue in 2022 was $1,246,191.
Who are the executives of Ibew Local 481 Supplemental Unemployment Benefit Plan and what are their salaries?
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $115,251
- Other: $68,786
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $2,534
- Other: $1,591
- Compensation: $0
- Related: $109,397
- Other: $66,939
- Compensation: $0
- Related: $6,429
- Other: $3,177
- Compensation: $0
- Related: $148,650
- Other: $75,959
Where can I find the form 990 for Ibew Local 481 Supplemental Unemployment Benefit Plan?
Ibew Local 481 Supplemental Unemployment Benefit Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ibew Local 481 Supplemental Unemployment Benefit Plan
IBEW Local 481 Supplemental Unemployment Benefit Plan, functioning as a fraternal beneficiary society and voluntary employees association, is dedicated to providing supplemental unemployment benefits to its participants. This nonprofit organization's primary mission is to offer financial assistance during periods of unemployment, providing a crucial safety net for its members. By operating as a supplemental unemployment benefit plan, IBEW Local 481 aims to alleviate some of the financial strain that unemployment can bring, helping its participants to navigate through challenging times.
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Impact
October, 2024
The IBEW Local 481 Supplemental Unemployment Benefit Plan plays a significant role in providing financial assistance to its participants during times of unemployment. By offering supplemental unemployment benefits, it helps alleviate some of the financial burdens faced by individuals who are temporarily out of work. This support can be crucial for maintaining basic living expenses, allowing participants to focus on re-employment without the immediate pressure of financial instability.
The program fosters a sense of community among members, reinforcing the fraternal and voluntary nature of the association. Participants benefit not only from the financial assistance but also from the solidarity and support of their peers within the organization. This network can enhance job opportunities, as members often share information about available positions or resources for job training and placement.
Overall, the IBEW Local 481 Supplemental Unemployment Benefit Plan positively impacts the lives of its participants by providing essential financial support during unemployment, promoting community solidarity, and fostering an environment that encourages re-employment and career development.
This information is meant to be a general summary of Ibew Local 481 Supplemental Unemployment Benefit Plan. 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.
- Investment Income: -$65,722
- Program Service Revenue: $1,311,913
- Gross Receipts: $6,768,881
Assets and Liabilities:
- Total Assets: $7,523,550
- Total Liabilities: $205,719
- Net Assets: $7,317,831
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$1,311,913
Organization Details
Founding Year
2015
Phone
(317) 923-4577Principal Officer
David Ray
Main Address
1828 N MERIDIAN STREET 103, INDIANAPOLIS, IN, 46202
NTEE Category
Code: Y43 - Mutual benefit
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