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Local 481 Building Corp

Not tax-deductible

Indianapolis, INMutual-benefit / member-servingEIN 35-1911009

Building corporation

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 $45K a year · 10% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 5 voting members
Concern: none of 5 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$435K
+2% vs prior year
Spent
$466K
Net assets
$1.5M
By yearFY2020–FY2025
Revenue
$435K
FY2025▲ +2%
Revenue by fiscal year
FY2020$455K
FY2021$445K
FY2022$411K
FY2023$403K
FY2024$427K
FY2025$435K
Expenses
$466K
FY2025▲ +17%
Expenses by fiscal year
FY2020$330K
FY2021$363K
FY2022$383K
FY2023$370K
FY2024$398K
FY2025$466K
Net assets
$1.5M
FY2025▲ +12%
Net assets by fiscal year
FY2020$1.4M
FY2021$1.4M
FY2022$1.4M
FY2023$1.3M
FY2024$1.4M
FY2025$1.5M

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 Mar 1994.

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

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
Jeff Wheeler
Finl Secy/Bus Mgr
$0Pt VII · Sec A
Roger Brunk
Vice President
$0Pt VII · Sec A
Brian Secor
Recording Secretary
$0Pt VII · Sec A
Clifton Pittman
Executive Board
$0Pt VII · Sec A
Chris Grider
President
$0Pt VII · Sec A
Gary Newcom
Executive Board
$0Pt VII · Sec A
Chad Ison
Executive Board
$0Pt VII · Sec A
Blake Andrews
Treasurer/Asst Bus Mgr
$0Pt VII · Sec A
See Local 481 Building Corp 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

Local 481 Building Corp is a member-serving organization based in Indianapolis, IN.

Provided by the organization

This section is blank until Local 481 Building Corp claims this page.

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1 program service, described in the organization's own filed words · FY2025.
01

Established to hold title to property used primarly by union officers, union employees and members to conduct union business and by the related benefit trust, pension plan and credit union all of which are established for the benefit of ibew local 481's members.

Pt IX · col B

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By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$435K
Ln 12
Fees for servicesLn 2g$435K
Money outPt IX
$466K
Ln 25
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$21K
Total assetsLn 16$1.5M
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$435K
Total revenueLn 12$435K
Assets in detailPt X, end of year
CashLn 1$21K
Cash and savings togetherLn 1–2$21K
Land, buildings, equipmentLn 10c$1.5M
Total assetsLn 16$1.5M
LiabilitiesLn 26$0
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
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$5$21K
Land, buildings, equipmentLn 10c$1.4M$1.5M
Total assetsLn 16$1.4M$1.5M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.4M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Office expensesLn 13$29K
OccupancyLn 16$298K
Depreciation, depletion and amortizationLn 22$138K
Other expenses (24a–d)Ln 24$1K
Total functional expensesLn 25$466K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $435K$466K−$32K$1.5M 990 PDF
FY2024 $427K$398K$29K$1.4M 990 PDF
FY2023 $403K$370K$33K$1.3M 990 PDF
FY2022 $411K$383K$28K$1.4M 990 PDF
FY2021 $445K$363K$83K$1.4M 990 PDF
FY2020 $455K$330K$125K$1.4M 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 (4 parts)
Part VIII · Statement of revenue $434,823 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $434,823$434,823
VIII-12 Total revenueRelated to mission $434,823 · Unrelated business $0 · Excluded from tax $0$434,823
Part IX · Statement of functional expenses $466,491 across 4 lines filed
IX-13 Office expenses$29,350
IX-16 Occupancy$298,029
IX-22 Depreciation, depletion and amortization$138,024
IX-24 Other expenses (24a–d)$1,088
IX-25 Total functional expenses$466,491
Part X · Balance sheet $1,526,597 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $5$20,973
X-10c Land, buildings and equipment, netStart of year $1,358,260$1,505,624
X-16 Total assetsStart of year $1,358,265$1,526,597
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $1,358,265$1,526,597
X-32 Total net assets or fund balancesStart of year $1,358,265$1,526,597
X-33 Total liabilities and net assetsStart of year $1,358,265$1,526,597
Part XI · Reconciliation of net assets $1,526,597 net assets at year end
XI-1 Total revenue$434,823
XI-2 Total expenses$466,491
XI-3 Revenue less expenses−$31,668
XI-4 Net assets at start of year$1,358,265
XI-9 Other changes in net assets$200,000
XI-10 Net assets at end of year$1,526,597

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

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