Local Union No 369 Electrical Workers Building Corporation

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

EIN: 616058530 ✦ Louisville, KY ✦ Designated as a 501(c)(2)

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Overview

What is Local Union No 369 Electrical Workers Building Corporation?

Local Union No 369 Electrical Workers Building Corporation is a nonprofit organization that primarily serves as a property holder. They collect income generated from the property and after deducting expenses, they transfer the remaining amount to an exempt organization. In simpler terms, they manage a property, collect the income, and distribute the net earnings to another charitable organization. While the description does not provide specifics about their mission or activities, it's clear that they contribute to the charitable sector by managing and financially supporting other nonprofits.

Is Local Union No 369 Electrical Workers Building Corporation legitimate?

Local Union No 369 Electrical Workers Building Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Local Union No 369 Electrical Workers 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

For more financial information, click here

What is the mission statement of Local Union No 369 Electrical Workers Building Corporation?

Local Union No 369 Electrical Workers Building Corporation's primary role is to manage property, collecting income from the property and subsequently forwarding the income, after deducting expenses, to an exempt organization. In essence, their mission can be summarized as managing property revenues for the benefit of a tax-exempt organization.

Who is the CEO of Local Union No 369 Electrical Workers Building Corporation?

Steve Peters is the President/Trustee of Local Union No 369 Electrical Workers Building Corporation.

What is the revenue of Local Union No 369 Electrical Workers Building Corporation?

Local Union No 369 Electrical Workers Building Corporation's revenue in 2022 was $237,311.

Who are the executives of Local Union No 369 Electrical Workers Building Corporation and what are their salaries?

There 5 volunteers at Local Union No 369 Electrical Workers Building Corporation.


Here are 5 key members and their salaries:


Larry Wendler (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Peters (President/Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ronald E Gresham Jr (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Sexton (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bryon Thompson (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Local Union No 369 Electrical Workers Building Corporation?

Local Union No 369 Electrical Workers Building Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Local Union No 369 Electrical Workers Building Corporation

Local Union No 369 Electrical Workers Building Corporation serves a unique role, holding title to property and managing its income. The organization collects revenue from the property, deducting expenses, and then transfers the remaining funds to an exempt organization. By executing this task, Local Union No 369 Electrical Workers Building Corporation plays a vital role in financial management, ensuring the proper distribution of resources to a charitable organization. This mission demonstrates the corporation's commitment to supporting the cause of an exempt organization, contributing to its continued operation and impact in the community.

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Impact




October, 2024

Local Union No 369 Electrical Workers Building Corporation plays a significant role in the local community by managing property ownership and financial transactions that support the goals of the electrical workers' union. By holding title to property, the organization ensures that resources are effectively utilized for the benefit of its members and the broader community.

The corporation collects and remits income, minus expenses, to the exempt organization, thereby facilitating financial stability and growth for union activities. This structure not only aids in the sustainable management of investments but also contributes to community improvement initiatives. Through these efforts, Local Union No 369 helps enhance the living and working conditions in Louisville, KY, while strengthening the union's overall mission to advocate for the welfare of electrical workers.




This information is meant to be a general summary of Local Union No 369 Electrical Workers 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.

Revenue
$237,311 (2022)
Expenses
$227,738 (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: $235,353
  • Gross Receipts: $295,869

Assets and Liabilities:

  • Total Assets: $2,950,088
  • Total Liabilities: $0
  • Net Assets: $2,950,088

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Programs

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

RENT INCOME

Revenue

$235,353

Organization Details

Founding Year

1967

Principal Officer

Steve Peters

Main Address

4315 PRESTON HIGHWAY 102, LOUISVILLE, KY, 402132031

NTEE Category

Code: S47 - Community improvement

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