irs program accomplishments · form 990 part iii · fy2023
What they reported doing
- #1 primary $21KSCHOLARSHIPS
- #2 $0DEATH BENEFITS
named programs · 2 · from sources
What they call their work
Death Benefits
Offers death benefits to members of Local 325; no expenses reported for the 2023 tax year.
Scholarships
Provides financial scholarships to members of Local 325 and their dependents; reported $21,000 in expenses for the 2023 tax year.
activities · 2 groups
What they do
-
Death Benefit Payments to Members 1 activity
- Death benefits for union membersProvides death benefits to members of the International Brotherhood of Electrical Workers Local 325.
-
-
Union-Linked Educational Scholarships 1 activity
- Scholarship program for union membersProvides scholarships to members of the International Brotherhood of Electrical Workers Local 325.
-
financials · form 990 · fy2023
revenue
Total revenue$6.71M
Contributions & grants$00%
Program service revenue$5.43M81%
Investment income$725K11%
Other revenue$559K
expenses
Total expenses$5.77M
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$168K
Grants paid out$21K
Largest expense lineProfessional Fees
balance sheet
Total assets$31.72M
Cash$1.31M
Investments$29.62M
Liabilities$94K
Net assets$31.62M
Liquid reserves64.3 mo
5 years on record · 2019–2023 · YoY revenue +12.7%
leadership · form 990 part vii · fy2023
Who runs it
paid leadership · 2
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| KELVIN HERRALA | TRUSTEE | 1 | $155K |
| DUSTIN SEVERANCE | TRUSTEE | 1 | $298 |
board members · 4
- DANIEL DVORSKY — TRUSTEE
- MATT LABOSKY — TRUSTEE
- MEREDITH KUMPON — TRUSTEE
- SCOTT NEJESCHLEBA — TRUSTEE
relationships · 1
Who they work with
- INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 325 Partner — Primary beneficiary and affiliated labor organization for which the trust fund provides health and welfare benefits