Overview
What is Ibew Building Corporation?
Ibew Building Corporation serves as a title-holding company for International Brotherhood of Electrical Workers Local Union 666, an exempt organization under IRC Section 501(C)(5). This nonprofit entity is responsible for holding the title to a non-residential real estate property, which it then rents out to related exempt organizations. By doing so, Ibew Building Corporation plays a critical role in supporting the operations of the International Brotherhood of Electrical Workers Local Union 666.
Is Ibew Building Corporation legitimate?
Ibew Building Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Ibew 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 Ibew Building Corporation?
I Bew Building Corporation serves as a title-holding company for International Brotherhood of Electrical Workers Local Union 666, an organization exempt from federal income taxation under IRC Section 501(C)(5). Its primary function is to hold title to non-residential real estate property and subsequently rent it out to related exempt organizations. The corporation does not have a traditional mission statement focusing on societal betterment or advocacy, as it primarily serves as a property management entity for the union.
What is the revenue of Ibew Building Corporation?
Ibew Building Corporation's revenue in 2023 was $297,429.
Who are the executives of Ibew Building Corporation and what are their salaries?
Here are 16 key members and their salaries:
- Compensation: $0
- Related: $99,538
- Other: $40,478
- Compensation: $0
- Related: $92,217
- Other: $38,889
- Compensation: $0
- Related: $87,884
- Other: $39,543
- Compensation: $0
- Related: $4,972
- Other: $2,219
- Compensation: $0
- Related: $4,355
- Other: $1,450
- Compensation: $0
- Related: $2,691
- Other: $999
- Compensation: $0
- Related: $3,207
- Other: $1,232
- Compensation: $0
- Related: $2,108
- Other: $1,126
- Compensation: $0
- Related: $2,284
- Other: $999
- Compensation: $0
- Related: $4,149
- Other: $2,000
- Compensation: $0
- Related: $3,078
- Other: $1,483
- Compensation: $0
- Related: $2,243
- Other: $999
- Compensation: $0
- Related: $3,546
- Other: $1,184
- Compensation: $0
- Related: $2,213
- Other: $972
- Compensation: $0
- Related: $857
- Other: $413
- Compensation: $0
- Related: $2,237
- Other: $999
Where can I find the form 990 for Ibew Building Corporation?
Ibew Building Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Ibew Building Corporation
Ibew Building Corporation serves as a title-holding company for International Brotherhood of Electrical Workers Local Union 666, an organization exempt from federal income taxation under IRC Section 501(C)(5). This organization holds title to non-residential real estate property and leases it to related exempt organizations. By acting as a title-holding company, Ibew Building Corporation supports the activities and missions of the International Brotherhood of Electrical Workers Local Union 666, contributing to their operations and goals. The corporation's role as a title-holder allows for the efficient use of real estate property, benefiting the associated exempt organizations.
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Impact
October, 2024
Ibew Building Corporation plays a significant role in supporting the operations of the International Brotherhood of Electrical Workers Local Union 666. By holding title to non-residential real estate, the corporation facilitates the use of these properties for the union and related organizations. This arrangement allows for the effective management of resources and provides necessary facilities that can enhance member services and community engagement.
Located in Highland Springs, VA, the corporation's activities contribute to community improvement by ensuring that union members have access to a stable infrastructure for meetings, training, and events. This not only strengthens the union's capability to advocate for workers' rights and interests but also fosters a sense of community and belonging among members. Overall, Ibew Building Corporation serves as a foundational element that supports the union's mission and enhances the local community's vitality.
This information is meant to be a general summary of Ibew 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 2023.
- Program Service Revenue: $297,429
- Gross Receipts: $297,429
Assets and Liabilities:
- Total Assets: $2,971,073
- Total Liabilities: $1,180,058
- Net Assets: $1,791,015
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$213,596
REIMBURSEMENTS
Revenue
$83,833
Organization Details
Founding Year
1998
Principal Officer
Luther B Dunn
NTEE Category
Code: S47 - Community improvement
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