Overview
What is Local 354 Building Association?
Local 354 Building Association is a nonprofit organization situated in Salt Lake City, Utah, with the address 2100 South 3400 West, 84119. Its primary role is to manage a property, generating income from it, and then distributing all earnings to an organization that falls under Section 501(c)(5) of the Internal Revenue Code. The association currently leases over 85% of its office space to three exempt entities, namely I.B.E.W. Local No. 354, IBEW Local Union 57, and the I.B.E.W. Local 354 Federal Credit Union.
Official website here: www.ibew354.org
Is Local 354 Building Association legitimate?
Local 354 Building Association is a legitimate nonprofit organization registered as a 501(c)(2) entity. Local 354 Building Association 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.ibew354.org
What is the mission statement of Local 354 Building Association?
The Local 354 Building Association's primary role is to manage property, generating income from it. This income is then redirected to an organization that has been exempted under Section 5001(c)(5). The association currently leases out over 85% of its office space to three exempt entities, including I.B.E.W. Local No. 354, IBEW Local Union 57, and the I.B.E.W. Local 354 Federal Credit Union.
Official website here: www.ibew354.org
What is the revenue of Local 354 Building Association?
Local 354 Building Association's revenue in 2023 was $1,264,591.
Official website here: www.ibew354.org
Who are the executives of Local 354 Building Association and what are their salaries?
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $142,350
- Other: $0
- Compensation: $0
- Related: $125,165
- Other: $0
- Compensation: $0
- Related: $79,446
- Other: $0
- Compensation: $0
- Related: $25,159
- Other: $0
- Compensation: $0
- Related: $17,339
- Other: $0
- Compensation: $0
- Related: $16,881
- Other: $0
- Compensation: $0
- Related: $15,272
- Other: $0
- Compensation: $0
- Related: $9,217
- Other: $0
- Compensation: $0
- Related: $7,085
- Other: $0
- Compensation: $0
- Related: $4,456
- Other: $0
- Compensation: $0
- Related: $3,965
- Other: $0
Official website here: www.ibew354.org
Where can I find the form 990 for Local 354 Building Association?
Local 354 Building Association's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ibew354.org
Learn more at the official website: www.ibew354.org
Mission Statement of Local 354 Building Association
Local 354 Building Association is a nonprofit organization with a unique mission. Its primary goal is to manage property, generate income from this property, and subsequently transfer all income to another organization that falls under Section 501 (c)(5) of the Internal Revenue Code. By doing so, Local 354 Building Association plays a vital role in supporting the operations of exempt entities. Currently, the association is leasing over 85% of its office space to three such entities: I.B.E.W. Local No. 354, IBEW Local Union 57, and the I.B.E.W. Local 354 Federal Credit Union. This arrangement allows these exempt organizations to operate effectively, while Local 354 Building Association fulfills its mission of redistributing income to support nonprofits.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Local 354 Building Association plays a significant role in the Salt Lake City community by efficiently managing property and generating income that supports various exempt organizations. By maintaining over 85% occupancy of its office space with entities such as I.B.E.W. Local No. 354, IBEW Local Union 57, and the I.B.E.W. Local 354 Federal Credit Union, the Association not only provides essential spaces for these organizations but also facilitates a collaborative environment that promotes communal growth and development.
The income generated from the property is strategically remitted to support these affiliated organizations, reinforcing their missions and outreach efforts. This financial support enhances the ability of these unions and credit unions to serve their members, contribute to the economy, and engage in community improvement initiatives. Through its property management and income distribution, Local 354 Building Association has a lasting impact on the local community by fostering partnerships that promote stability and growth within the labor and financial sectors.
This information is meant to be a general summary of Local 354 Building Association. 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 2023.
- Gross Receipts: $1,264,591
Assets and Liabilities:
- Total Assets: $1,357,986
- Total Liabilities: $0
- Net Assets: $1,357,986
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Website
www.ibew354.orgNTEE Category
Code: S47 - Community improvement
If you are a representative of Local 354 Building Association and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.