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Employer Identification Number 36-2951116

BOARD OF TRUSTEES-IBEW LOCAL 701 WELFARE FUND is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:BOARD OF TRUSTEES-IBEW LOCAL 701 WELFARE FUND
Employer identification number (EIN):36-2951116
EIN Issuing AuthorityCincinnati, OH
NAIC Classification:238210
NAIC Description:Electrical Contractors and Other Wiring Installation Contractors
401k Pension/Benefits registration BOARD OF TRUSTEES-IBEW LOCAL 701 WELFARE FUND 401k plan information
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementPROVIDE HEALTH & INSURANCE BENEFITS
Number of Employees83
Number of Volunteers0
Year Formed1976

Organization Governance

Legal DomicileIL
Voting Members - Governing Body10
Voting Members - Independent5

Organization Financials

2023-05-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 35,572,090
Program Service Revenue from current yearUSD $ 36,887,493
Investment Income from prior yearUSD $ 4,157,926
Investment Income from current yearUSD $ 1,909,320
Other Revenue from prior yearUSD $ 395,853
Other Revenue from current yearUSD $ 406,655
Gross receipts from all sourcesUSD $ 41,907,609
Net assets / fund balances at end of fiscal yearUSD $ 54,188,914
Net assets / fund balances at beginning of fiscal yearUSD $ 54,647,607
Total liabilities at end of fiscal yearUSD $ 17,609,433
Total liabilities at beginning of fiscal yearUSD $ 18,386,766
Total assets at end of fiscal yearUSD $ 71,798,347
Total assets at beginning of fiscal yearUSD $ 73,034,373
Revenues less expenses for current yearUSD $ 1,545,079
Revenues less expenses for previous yearUSD $ 3,129,744
Total expenses for current yearUSD $ 37,658,389
Total expenses for previous yearUSD $ 37,202,125
Other expenses in current yearUSD $ 1,885,882
Other expenses in previous yearUSD $ 1,807,369
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,181,242
Employee salary and benefits paid in previous yearUSD $ 1,230,713
Benefits paid to or for members in current yearUSD $ 34,591,265
Benefits paid to or for members in previous yearUSD $ 34,164,043
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 39,203,468
Total revenue in previous fiscal yearUSD $ 40,331,869
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 206,000
Total of other revenueUSD $ 406,655
2022-05-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 33,780,128
Program Service Revenue from current yearUSD $ 35,572,090
Investment Income from prior yearUSD $ 1,166,049
Investment Income from current yearUSD $ 4,157,926
Other Revenue from prior yearUSD $ 379,374
Other Revenue from current yearUSD $ 395,853
Gross receipts from all sourcesUSD $ 43,421,535
Net assets / fund balances at end of fiscal yearUSD $ 54,647,607
Net assets / fund balances at beginning of fiscal yearUSD $ 56,220,981
Total liabilities at end of fiscal yearUSD $ 18,386,766
Total liabilities at beginning of fiscal yearUSD $ 17,258,321
Total assets at end of fiscal yearUSD $ 73,034,373
Total assets at beginning of fiscal yearUSD $ 73,479,302
Revenues less expenses for current yearUSD $ 3,129,744
Revenues less expenses for previous yearUSD $ 379,883
Total expenses for current yearUSD $ 37,202,125
Total expenses for previous yearUSD $ 34,945,668
Other expenses in current yearUSD $ 1,807,369
Other expenses in previous yearUSD $ 1,771,289
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,230,713
Employee salary and benefits paid in previous yearUSD $ 1,165,449
Benefits paid to or for members in current yearUSD $ 34,164,043
Benefits paid to or for members in previous yearUSD $ 32,008,930
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 40,331,869
Total revenue in previous fiscal yearUSD $ 35,325,551
Contributions and grants from current yearUSD $ 206,000
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 395,853
2021-05-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 35,213,132
Program Service Revenue from current yearUSD $ 33,780,128
Investment Income from prior yearUSD $ 1,791,416
Investment Income from current yearUSD $ 1,166,049
Other Revenue from prior yearUSD $ 398,603
Other Revenue from current yearUSD $ 379,374
Gross receipts from all sourcesUSD $ 42,234,328
Net assets / fund balances at end of fiscal yearUSD $ 56,220,981
Net assets / fund balances at beginning of fiscal yearUSD $ 47,897,068
Total liabilities at end of fiscal yearUSD $ 17,258,321
Total liabilities at beginning of fiscal yearUSD $ 16,486,931
Total assets at end of fiscal yearUSD $ 73,479,302
Total assets at beginning of fiscal yearUSD $ 64,383,999
Revenues less expenses for current yearUSD $ 379,883
Revenues less expenses for previous yearUSD $ 1,416,751
Total expenses for current yearUSD $ 34,945,668
Total expenses for previous yearUSD $ 35,986,400
Other expenses in current yearUSD $ 1,771,289
Other expenses in previous yearUSD $ 1,974,907
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,165,449
Employee salary and benefits paid in previous yearUSD $ 1,189,913
Benefits paid to or for members in current yearUSD $ 32,008,930
Benefits paid to or for members in previous yearUSD $ 32,821,580
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 35,325,551
Total revenue in previous fiscal yearUSD $ 37,403,151
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 379,374
2020-05-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 35,176,490
Program Service Revenue from current yearUSD $ 35,213,132
Investment Income from prior yearUSD $ 960,784
Investment Income from current yearUSD $ 1,791,416
Other Revenue from prior yearUSD $ 367,494
Other Revenue from current yearUSD $ 398,603
Gross receipts from all sourcesUSD $ 38,462,998
Net assets / fund balances at end of fiscal yearUSD $ 47,897,068
Net assets / fund balances at beginning of fiscal yearUSD $ 45,566,507
Total liabilities at end of fiscal yearUSD $ 16,486,931
Total liabilities at beginning of fiscal yearUSD $ 15,901,864
Total assets at end of fiscal yearUSD $ 64,383,999
Total assets at beginning of fiscal yearUSD $ 61,468,371
Revenues less expenses for current yearUSD $ 1,416,751
Revenues less expenses for previous yearUSD $ 1,979,741
Total expenses for current yearUSD $ 35,986,400
Total expenses for previous yearUSD $ 34,525,027
Other expenses in current yearUSD $ 1,974,907
Other expenses in previous yearUSD $ 1,853,939
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,189,913
Employee salary and benefits paid in previous yearUSD $ 1,177,652
Benefits paid to or for members in current yearUSD $ 32,821,580
Benefits paid to or for members in previous yearUSD $ 31,493,436
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 37,403,151
Total revenue in previous fiscal yearUSD $ 36,504,768
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 398,603
2019-05-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 35,607,134
Program Service Revenue from current yearUSD $ 35,176,490
Investment Income from prior yearUSD $ 760,899
Investment Income from current yearUSD $ 960,784
Other Revenue from prior yearUSD $ 365,879
Other Revenue from current yearUSD $ 367,494
Gross receipts from all sourcesUSD $ 36,504,768
Net assets / fund balances at end of fiscal yearUSD $ 45,566,507
Net assets / fund balances at beginning of fiscal yearUSD $ 42,189,623
Total liabilities at end of fiscal yearUSD $ 15,901,864
Total liabilities at beginning of fiscal yearUSD $ 15,800,964
Total assets at end of fiscal yearUSD $ 61,468,371
Total assets at beginning of fiscal yearUSD $ 57,990,587
Revenues less expenses for current yearUSD $ 1,979,741
Revenues less expenses for previous yearUSD $ 2,595,561
Total expenses for current yearUSD $ 34,525,027
Total expenses for previous yearUSD $ 34,138,351
Other expenses in current yearUSD $ 1,853,939
Other expenses in previous yearUSD $ 2,034,996
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,177,652
Employee salary and benefits paid in previous yearUSD $ 1,178,073
Benefits paid to or for members in current yearUSD $ 31,493,436
Benefits paid to or for members in previous yearUSD $ 30,925,282
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 36,504,768
Total revenue in previous fiscal yearUSD $ 36,733,912
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 367,494
2018-05-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 34,849,803
Program Service Revenue from current yearUSD $ 35,607,134
Investment Income from prior yearUSD $ 1,302,456
Investment Income from current yearUSD $ 760,899
Other Revenue from prior yearUSD $ 389,896
Other Revenue from current yearUSD $ 365,879
Gross receipts from all sourcesUSD $ 36,733,912
Net assets / fund balances at end of fiscal yearUSD $ 42,189,623
Net assets / fund balances at beginning of fiscal yearUSD $ 37,666,148
Total liabilities at end of fiscal yearUSD $ 15,800,964
Total liabilities at beginning of fiscal yearUSD $ 14,811,539
Total assets at end of fiscal yearUSD $ 57,990,587
Total assets at beginning of fiscal yearUSD $ 52,477,687
Revenues less expenses for current yearUSD $ 2,595,561
Revenues less expenses for previous yearUSD $ 1,806,443
Total expenses for current yearUSD $ 34,138,351
Total expenses for previous yearUSD $ 34,735,712
Other expenses in current yearUSD $ 2,034,996
Other expenses in previous yearUSD $ 1,979,259
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,178,073
Employee salary and benefits paid in previous yearUSD $ 1,247,534
Benefits paid to or for members in current yearUSD $ 30,925,282
Benefits paid to or for members in previous yearUSD $ 31,508,919
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 36,733,912
Total revenue in previous fiscal yearUSD $ 36,542,155
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 365,879
2017-05-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 28,628,101
Program Service Revenue from current yearUSD $ 34,849,803
Investment Income from prior yearUSD $ 1,141,363
Investment Income from current yearUSD $ 1,302,456
Other Revenue from prior yearUSD $ 327,380
Other Revenue from current yearUSD $ 389,896
Gross receipts from all sourcesUSD $ 43,571,473
Net assets / fund balances at end of fiscal yearUSD $ 37,666,148
Net assets / fund balances at beginning of fiscal yearUSD $ 33,630,672
Total liabilities at end of fiscal yearUSD $ 14,811,539
Total liabilities at beginning of fiscal yearUSD $ 12,532,305
Total assets at end of fiscal yearUSD $ 52,477,687
Total assets at beginning of fiscal yearUSD $ 46,162,977
Revenues less expenses for current yearUSD $ 1,806,443
Revenues less expenses for previous yearUSD $ -6,241,575
Total expenses for current yearUSD $ 34,735,712
Total expenses for previous yearUSD $ 36,338,419
Other expenses in current yearUSD $ 1,979,259
Other expenses in previous yearUSD $ 2,093,518
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,247,534
Employee salary and benefits paid in previous yearUSD $ 1,304,405
Benefits paid to or for members in current yearUSD $ 31,508,919
Benefits paid to or for members in previous yearUSD $ 32,940,496
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 36,542,155
Total revenue in previous fiscal yearUSD $ 30,096,844
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 389,896
2016-05-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 26,092,283
Program Service Revenue from current yearUSD $ 28,628,101
Investment Income from prior yearUSD $ 3,016,129
Investment Income from current yearUSD $ 1,141,363
Other Revenue from prior yearUSD $ 351,663
Other Revenue from current yearUSD $ 327,380
Gross receipts from all sourcesUSD $ 36,992,231
Net assets / fund balances at end of fiscal yearUSD $ 33,630,672
Net assets / fund balances at beginning of fiscal yearUSD $ 40,744,745
Total liabilities at end of fiscal yearUSD $ 12,532,305
Total liabilities at beginning of fiscal yearUSD $ 10,749,392
Total assets at end of fiscal yearUSD $ 46,162,977
Total assets at beginning of fiscal yearUSD $ 51,494,137
Revenues less expenses for current yearUSD $ -6,241,575
Revenues less expenses for previous yearUSD $ -3,152,047
Total expenses for current yearUSD $ 36,338,419
Total expenses for previous yearUSD $ 32,612,122
Other expenses in current yearUSD $ 2,093,518
Other expenses in previous yearUSD $ 2,180,597
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,304,405
Employee salary and benefits paid in previous yearUSD $ 1,312,975
Benefits paid to or for members in current yearUSD $ 32,940,496
Benefits paid to or for members in previous yearUSD $ 29,118,550
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 30,096,844
Total revenue in previous fiscal yearUSD $ 29,460,075
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 327,380
2015-05-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 26,538,354
Program Service Revenue from current yearUSD $ 26,092,283
Investment Income from prior yearUSD $ 5,567,965
Investment Income from current yearUSD $ 3,016,129
Other Revenue from prior yearUSD $ 333,456
Other Revenue from current yearUSD $ 351,663
Gross receipts from all sourcesUSD $ 38,996,945
Net assets / fund balances at end of fiscal yearUSD $ 40,744,745
Net assets / fund balances at beginning of fiscal yearUSD $ 45,060,225
Total liabilities at end of fiscal yearUSD $ 10,749,392
Total liabilities at beginning of fiscal yearUSD $ 9,352,962
Total assets at end of fiscal yearUSD $ 51,494,137
Total assets at beginning of fiscal yearUSD $ 54,413,187
Revenues less expenses for current yearUSD $ -3,152,047
Revenues less expenses for previous yearUSD $ 2,641,166
Total expenses for current yearUSD $ 32,612,122
Total expenses for previous yearUSD $ 29,798,609
Other expenses in current yearUSD $ 2,180,597
Other expenses in previous yearUSD $ 1,757,726
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,312,975
Employee salary and benefits paid in previous yearUSD $ 1,230,274
Benefits paid to or for members in current yearUSD $ 29,118,550
Benefits paid to or for members in previous yearUSD $ 26,810,609
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 29,460,075
Total revenue in previous fiscal yearUSD $ 32,439,775
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 351,663

Other Company Names associated with EIN

IBEW ELECTRIAL WORKERS GENERAL WELFARE
IBEW ELECTRIAL WORKERS GENERAL WELFARE FUND
IBEW ELECTRICAL WORKERS GENERAL WELFARE

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 362951116

USA Mailing Address
28600 BELLA VISTA PRKWAY
WARRENVILLE
IL
60555
Date first seen: 2008-09-01
Date last seen: 2024-08-31

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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