Overview
What is Ibew Local 292 Building Corporation?
Ibew Local 292 Building Corporation is a nonprofit entity based in Brooklyn Park, Minnesota. Its primary function is to manage property, generating income from it and covering related expenses. The property in question is inhabited by Ibew Local Union No. 292, an affiliate of the International Brotherhood of Electrical Workers. The corporation's main objective is to safeguard this property's title and distribute any surplus income to another tax-exempt organization.
Is Ibew Local 292 Building Corporation legitimate?
Ibew Local 292 Building Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Ibew Local 292 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 Local 292 Building Corporation?
The Ibew Local 292 Building Corporation's mission is centered around managing property. It holds title to properties occupied by the International Brotherhood of Electrical Workers Local Union No. 292. The primary function of this corporation is to collect income from these properties, manage expenses, and after all expenses are covered, transfer any remaining income to a tax-exempt organization.
Who is the CEO of Ibew Local 292 Building Corporation?
Daniel Ferguson is the Business Manager of Ibew Local 292 Building Corporation.
What is the revenue of Ibew Local 292 Building Corporation?
Ibew Local 292 Building Corporation's revenue in 2022 was $2,668,705.
Who are the executives of Ibew Local 292 Building Corporation and what are their salaries?
Here are 13 key members and their salaries:
- Compensation: $0
- Related: $169,203
- Other: $65,188
- Compensation: $0
- Related: $131,842
- Other: $55,480
- Compensation: $0
- Related: $131,842
- Other: $55,480
- Compensation: $0
- Related: $131,842
- Other: $55,480
- Compensation: $0
- Related: $2,932
- Other: $297
- Compensation: $0
- Related: $141,782
- Other: $58,010
- Compensation: $0
- Related: $3,647
- Other: $1,457
- Compensation: $0
- Related: $2,280
- Other: $1,100
- Compensation: $0
- Related: $5,395
- Other: $2,366
- Compensation: $0
- Related: $938
- Other: $0
- Compensation: $0
- Related: $838
- Other: $0
- Compensation: $0
- Related: $6,519
- Other: $2,810
- Compensation: $0
- Related: $5,092
- Other: $2,125
Where can I find the form 990 for Ibew Local 292 Building Corporation?
Ibew Local 292 Building Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ibew Local 292 Building Corporation
Ibew Local 292 Building Corporation is a mission-driven entity with a primary objective. Its role is to maintain title to property that is utilized by the International Brotherhood of Electrical Workers Local Union No. 292. This corporation collects income derived from the property and manages its expenses effectively. Any remaining income following these expenditures is then funneled to an organization that enjoys tax-exempt status. Essentially, Ibew Local 292 Building Corporation serves as a financial steward, ensuring the proper management of its property and the subsequent distribution of any surplus funds to a tax-exempt organization.
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Impact
October, 2024
Ibew Local 292 Building Corporation plays a significant role in supporting the International Brotherhood of Electrical Workers Local Union No. 292 by managing real estate assets essential for its operations. By holding title to property, the corporation ensures the union has a stable and functional environment conducive to its activities.
The income generated from these properties is systematically collected and utilized towards covering associated expenses, thereby enhancing the maintenance and functionality of the spaces used by the union. This approach not only supports the union’s operational needs but also helps sustain the community by ensuring that the facilities are well-maintained and accessible.
Moreover, any remaining income is directed to tax-exempt organizations, contributing to broader community improvement efforts. This interconnectedness between property management and community welfare further amplifies the corporation's impact, solidifying its role as a pillar for local development and union support in Brooklyn Park, MN.
This information is meant to be a general summary of Ibew Local 292 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.
- Gross Receipts: $2,668,705
Assets and Liabilities:
- Total Assets: $9,267,967
- Total Liabilities: $2,264,235
- Net Assets: $7,003,732
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Organization Details
Founding Year
2018
Phone
(612) 379-1292Principal Officer
Daniel Ferguson
Main Address
6700 W BROADWAY AVENUE, BROOKLYN PARK, MN, 55428
NTEE Category
Code: S47 - Community improvement
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