Overview
What is Local Union 90 Building Corporation?
Local Union 90 Building Corporation is a nonprofit organization located at TWO NORTH PLAINS INDUSTRIAL ROAD, WALLINGFORD, CT, 06492. Its primary purpose is to safeguard the legal title of real property belonging to IBEW Local 90. This property serves as the headquarters for the local union's administrative offices and training facility. The corporation utilizes the income generated from the property to cover mortgage payments, property-related costs, and principal and interest payments. In essence, it acts as a trustee for the benefit of IBEW Local Union #90.
Is Local Union 90 Building Corporation legitimate?
Local Union #90 Building Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Local Union #90 Building 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
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What is the mission statement of Local Union 90 Building Corporation?
The Local Union 90 Building Corporation serves the purpose of holding legal title to a property housing the administrative offices and training facility of IBEW Local Union #90. Its primary objective is to manage the real estate, generating income to cover mortgage payments, interest, and related property expenses. This corporation essentially acts as a property custodian for the benefit of the local union, ensuring the continuity of their operational space.
Who is the CEO of Local Union 90 Building Corporation?
Sean Daly is the Exec. Board / Business Age of Local Union #90 Building Corporation.
What is the revenue of Local Union 90 Building Corporation?
Local Union 90 Building Corporation's revenue in 2022 was $147,527.
Who are the executives of Local Union 90 Building Corporation and what are their salaries?
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $106,829
- Other: $65,183
- Compensation: $0
- Related: $131,261
- Other: $67,132
- Compensation: $0
- Related: $119,190
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $5,200
- Other: $0
- Compensation: $0
- Related: $114,627
- Other: $66,352
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $5,200
- Other: $0
- Compensation: $0
- Related: $360
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Local Union 90 Building Corporation?
Local Union 90 Building Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Local Union 90 Building Corporation
Local Union 90 Building Corporation is established with a primary objective. Its mission is to serve as a trustee, holding legal title to real estate that houses the administrative offices and training facility for IBEW Local Union #90. This corporation's role is instrumental in securing the property's ownership for the local union, ensuring its continued use for administrative purposes and training. The income generated from the property is utilized to cover mortgage payments, interest, and other related property expenses. The corporation's actions are geared towards benefiting IBEW Local Union #90, providing it with a stable and functional base for its operations.
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Impact
October, 2024
Local Union 90 Building Corporation plays a crucial role in supporting the operations and educational initiatives of IBEW Local Union #90. By holding legal title to the real estate that houses the local union's administrative offices and training facility, it ensures that the union has a dedicated space for its activities. This stability allows for the effective management of union affairs and provides a venue for training programs that are essential for the professional development of members.
The net income generated from this property is strategically utilized to cover the mortgage principal and interest, as well as associated property costs. This financial management helps to maintain the facilities in Wallingford, CT, ensuring that they are equipped to serve the union's needs effectively. Overall, Local Union 90 Building Corporation fosters an environment that promotes the growth and empowerment of the local union, ultimately benefiting its members and the broader community.
This information is meant to be a general summary of Local Union 90 Building 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $116
- Program Service Revenue: $85,235
- Gross Receipts: $147,527
Assets and Liabilities:
- Total Assets: $836,533
- Total Liabilities: $0
- Net Assets: $836,533
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$85,235
Organization Details
Founding Year
2003
Phone
(203) 624-6638Principal Officer
Sean Daly
Main Address
TWO NORTH PLAINS INDUSTRIAL ROAD, WALLINGFORD, CT, 06492
NTEE Category
Code: Z99 - Unknown
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