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Ibew Local Union 697 Sub Fund

Not tax-deductible

Merrillville, INMutual-benefit / member-servingSince 2004Mutual/MembershipEIN 03-0545014Revenue $373K in FY2025

On file with the IRS7200 Mississippi St Ste 300, 46410-3993 · Merrillville, INTax-exempt since Nov 2005

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Provide supplemental unemployment benefits

Mission: Form 990 Part I, line 1

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $81K a year · 18% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Cash reserves
18 mo
of spending, in cash
Looks good: 18.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$6K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 8 voting members
Looks good: 6 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$373K
-23% vs prior year
Spent
$357K
Net assets
$2.9M
By yearFY2020–FY2025
Revenue
$373K
FY2025▼ -23%
Tap a bar for its year
Revenue by fiscal year
FY2020$282K
FY2021$459K
FY2022$542K
FY2023$554K
FY2024$485K
FY2025$373K
Expenses
$357K
FY2025-0.4%
Tap a bar for its year
Expenses by fiscal year
FY2020$814K
FY2021$232K
FY2022$145K
FY2023$299K
FY2024$359K
FY2025$357K
Net assets
$2.9M
FY2025▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.8M
FY2021$2.0M
FY2022$2.3M
FY2023$2.6M
FY2024$2.8M
FY2025$2.9M

From the FY2025 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2005.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Alec Davis
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Ibew Local Union 697 Sub Fund executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers extra financial help to people who have lost their jobs.

Questions for Ibew Local Union 697 Sub Fund

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Your first name shows with your question. Ibew Local Union 697 Sub Fund answers here, for everyone.

Provided by the organization

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1 program · in their own filed words · FY2025
01

Payment of supplemental unemployment benefits to eligible unemployed participants of this fund in accordance with plan documents.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$373K
Ln 12
Fees for servicesLn 2g$265K
Investment incomeLn 3$107K
Money outPt IX
$357K
Ln 25
Owns and owesPt X
$2.9M
net assets · Ln 32
Cash and savingsLn 1–2$547K
Total assetsLn 16$2.9M
LiabilitiesLn 26$6K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$265K
Investment incomeLn 3$107K
Gains on assetsLn 7$9K
Total revenueLn 12$373K
Assets in detailPt X, end of year
CashLn 1$37K
SavingsLn 2$510K
Cash and savings togetherLn 1–2$547K
InvestmentsLn 11–13$2.2M
Land, buildings, equipmentLn 10c$4K
Total assetsLn 16$2.9M
LiabilitiesLn 26$6K
Net assetsLn 32$2.9M
OperationsPt I, VI
EmployeesI 526
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$338K$547K
InvestmentsLn 11–13$2.3M$2.2M
Land, buildings, equipmentLn 10c$4K$4K
Total assetsLn 16$2.8M$2.9M
LiabilitiesLn 26$2K$6K
Net assetsLn 32$2.8M$2.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$27K
Other salaries and wagesLn 7$27K
Pension plan contributionsLn 8$9K
Other employee benefitsLn 9$8K
Payroll taxesLn 10$2K
Legal feesLn 11b$5K
Accounting feesLn 11c$16K
Investment management feesLn 11f$1K
Office expensesLn 13$1K
Information technologyLn 14$11K
OccupancyLn 16$10K
Conferences, conventions and meetingsLn 19$2K
Depreciation, depletion and amortizationLn 22$2K
InsuranceLn 23$16K
Other expenses (24a–d)Ln 24$219K
Total functional expensesLn 25$357K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $373K$357K$15K$2.9M 990 PDF
FY2024 $485K$359K$126K$2.8M 990 PDF
FY2023 $554K$299K$254K$2.6M 990 PDF
FY2022 $542K$145K$397K$2.3M 990 PDF
FY2021 $459K$232K$227K$2.0M 990 PDF
FY2020 $282K$814K−$532K$1.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $372,556 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $384,103$265,245
I-10 Investment incomePrior year $99,855$107,311
I-11 Other revenuePrior year $842$0
I-12 Total revenuePrior year $484,800$372,556
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $29,674$27,440
I-15 Salaries and benefitsPrior year $43,349$46,452
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $285,766$283,525
I-18 Total expensesPrior year $358,789$357,417
I-19 Revenue less expensesPrior year $126,011$15,139
Part VI · Governance 6 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $372,556 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $265,245$265,245
VIII-3 Investment incomeExcluded from tax $98,620$98,620
VIII-7 Net gain or loss on sales of assetsExcluded from tax $8,691$8,691
VIII-12 Total revenueRelated to mission $265,245 · Unrelated business $0 · Excluded from tax $107,311$372,556
Part IX · Statement of functional expenses $357,417 across 15 lines filed
IX-4 Benefits paid to or for members$27,440
IX-7 Other salaries and wages$27,343
IX-8 Pension plan contributions$8,954
IX-9 Other employee benefits$8,051
IX-10 Payroll taxes$2,104
IX-11b Legal fees$4,871
IX-11c Accounting fees$16,494
IX-11f Investment management fees$1,424
IX-13 Office expenses$1,291
IX-14 Information technology$10,765
IX-16 Occupancy$9,727
IX-19 Conferences, conventions and meetings$2,167
IX-22 Depreciation, depletion and amortization$1,821
IX-23 Insurance$15,603
IX-24 Other expenses (24a–d)$219,362
IX-25 Total functional expenses$357,417
Part X · Balance sheet $2,871,963 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $134,558$37,168
X-2 Savings and temporary cash investmentsStart of year $203,467$509,998
X-4 Accounts receivableStart of year $121,949$131,385
X-9 Prepaid expenses and deferred chargesStart of year $4,760$7,223
X-10c Land, buildings and equipment, netStart of year $4,442$3,636
X-11 Publicly traded securitiesStart of year $2,295,333$2,182,553
X-16 Total assetsStart of year $2,764,509$2,871,963
X-17 Accounts payable and accrued expensesStart of year $1,823$6,058
X-26 Total liabilitiesStart of year $1,823$6,058
X-32 Total net assets or fund balancesStart of year $2,762,686$2,865,905
X-33 Total liabilities and net assetsStart of year $2,764,509$2,871,963
Part XI · Reconciliation of net assets $2,865,905 net assets at year end
XI-1 Total revenue$372,556
XI-2 Total expenses$357,417
XI-3 Revenue less expenses$15,139
XI-4 Net assets at start of year$2,762,686
XI-5 Net unrealized gains (losses) on investments$88,080
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,865,905

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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