Ibt Corporation

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

EIN: 556023575 ✦ South charleston, WV ✦ Designated as a 501(c)(2)

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Overview

What is Ibt Corporation?

Ibt Corporation is a nonprofit organization situated at 267 Staunton Avenue SW, South Charleston, West Virginia (WV 25303). Its primary role is to support the parent entity, which aims to strengthen the standing and influence of organized labor. Specifically, Ibt Corporation holds the title to property that serves this purpose. This property is likely used for various activities to promote and advance the cause of organized labor.


Official website here: www.teamsters175.org

Is Ibt Corporation legitimate?

Ibt Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Ibt Corporation 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


Official website here: www.teamsters175.org

What is the mission statement of Ibt Corporation?

Ibt Corporation's mission is to support the parent entity in enhancing the standing and position of organized labor. This is achieved by holding title to property, which is then utilized for this purpose. The corporation operates and maintains this property, serving as a base for activities aimed at strengthening the status of organized labor.


Official website here: www.teamsters175.org

Who is the CEO of Ibt Corporation?

Richard K Hall is the President of Ibt Corporation.


Official website here: www.teamsters175.org

What is the revenue of Ibt Corporation?

Ibt Corporation's revenue in 2022 was $73,500.


Official website here: www.teamsters175.org

Who are the executives of Ibt Corporation and what are their salaries?


Here are 7 key members and their salaries:


Richard K Hall (President)
  • Compensation: $0
  • Related: $108,423
  • Other: $48,594
Kellie S Shamblin (Vice-Preside)
  • Compensation: $0
  • Related: $93,245
  • Other: $55,416
Luke Farley (Secretary-Tr)
  • Compensation: $0
  • Related: $138,545
  • Other: $55,416
Steven L Day (Recording Se)
  • Compensation: $0
  • Related: $107,485
  • Other: $55,416
George Scott (Trustee)
  • Compensation: $0
  • Related: $6,899
  • Other: $0
Darren Kimberling (Trustee)
  • Compensation: $0
  • Related: $6,740
  • Other: $0
Kevin Mckinney (Trustee)
  • Compensation: $0
  • Related: $6,740
  • Other: $0


Official website here: www.teamsters175.org

Where can I find the form 990 for Ibt Corporation?

Ibt Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.teamsters175.org

Learn more at the official website: www.teamsters175.org

Mission Statement of Ibt Corporation

Ibt Corporation, in its mission, serves as a title holder for a parent entity. The primary purpose of this role is to advance and enhance the standing and position of organized labor. By holding title to property, Ibt Corporation enables the parent entity to utilize the property for activities that contribute to the betterment of organized labor. This mission is instrumental in furthering the cause of organized labor, thereby elevating its standing and influence within society.

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Impact




October, 2024

Ibt Corporation plays a significant role in enhancing the standing and position of organized labor through its strategic management of property. By holding title to essential assets and operating a facility specifically designed for the parent entity, Ibt Corporation creates a physical space that supports initiatives aimed at empowering labor organizations.

Located in South Charleston, West Virginia, the organization focuses on maintaining a building that serves as a hub for community engagement and activism within the labor sector. This aligns with its mission to elevate the status of labor movements, fostering an environment where collective bargaining and workers' rights can thrive. The impact of Ibt Corporation extends beyond mere property management; it contributes to the broader goals of community improvement and the promotion of social justice within the labor landscape.

By providing the necessary infrastructure for organized labor activities, Ibt Corporation not only supports current efforts but also lays the groundwork for future advancements in workers' rights, enabling labor organizations to effectively advocate for the interests of their members.




This information is meant to be a general summary of Ibt Corporation. 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
$73,500 (2022)
Expenses
$129,900 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $73,500
  • Gross Receipts: $73,500

Assets and Liabilities:

  • Total Assets: $1,175,807
  • Total Liabilities: $0
  • Net Assets: $1,175,807

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Programs

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

RENTAL INCOME FROM PARENT

Revenue

$72,000

OTHER RENTAL INCOME

Revenue

$1,500

Organization Details

Founding Year

1953

Principal Officer

Richard K Hall

Main Address

267 STAUNTON AVENUE SW, SOUTH CHARLESTON, WV, 25303

NTEE Category

Code: S47 - Community improvement

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