Ibew Local Union 150

Not tax-deductible

Libertyville, IL501(c)(5)EIN 36-1581422

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Economic, social and moral advancement of Local 150 members.

83¢ of each $1 spent went to programs.
$291K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(5)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
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 5
filings with a surplus
Average surplus $243K a year · 11% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$291K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
15 mo
of spending, in cash
Looks good: 14.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$17K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 10 voting members
Looks good: 8 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.6M
+2% vs prior year
Spent
$2.3M
To programs
83%
Net assets
$8.3M
By yearFY2021–FY2025
Revenue
$2.6M
FY2025▲ +2%
Revenue by fiscal year
FY2021$2.0M
FY2022$2.0M
FY2023$2.3M
FY2024$2.5M
FY2025$2.6M
Expenses
$2.3M
FY2025▲ +4%
Expenses by fiscal year
FY2021$1.8M
FY2022$1.8M
FY2023$2.0M
FY2024$2.3M
FY2025$2.3M
Net assets
$8.3M
FY2025▲ +4%
Net assets by fiscal year
FY2021$7.5M
FY2022$7.5M
FY2023$7.7M
FY2024$8.0M
FY2025$8.3M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1940.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $1.9M Management & general 17% · $389K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990; $291K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Business Man
$143,774Pt VII · Sec A
Recording Se
$138,552Pt VII · Sec A
President
$6,110Pt VII · Sec A
Vice Preside
$1,510Pt VII · Sec A
Executive Bo
$1,500Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Executive Bo
$0Pt VII · Sec A
Executive Bo
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Steve Smart$143,774$136,228$132,989——
Aaron Rendon$138,552$130,803$74,031$1,200$1,200
Patrick Serzynski———$132,747$125,702
Steven Smart———$126,263$121,973
Joe Catella$6,110$2,805$1,597——
Jeff Schwingbeck—$2,793$4,547——
Jonathan Aunet—$1,220$3,549——
Jeffrey Schwingback———$2,688$2,686

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Ibew Local Union 150 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 15aYes

Programs and updates

Empowers local members for economic, social, and moral growth.

Provided by the organization

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1 program · in their own filed words · FY2024
01

The economic, social and moral advancement of the membership is being accomplished through the use of union funds.

Pt IX · col B

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$2.6M
Ln 12
Fees for servicesLn 2g$2.3M
Investment incomeLn 3$163K
Other incomeLn 4–11$118K
Money outPt IX
$2.3M
Ln 25
Programscol B$1.9M
Managementcol C$389K
Owns and owesPt X
$8.3M
net assets · Ln 32
Cash and savingsLn 1–2$2.9M
Total assetsLn 16$8.3M
LiabilitiesLn 26$17K
PeoplePt VI, VII
10
listed · VII A
PaidVII A5
Voting boardVI 1a10
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.3M
Investment incomeLn 3$163K
Other incomeLn 4–11$118K
Gains on assetsLn 7−$2K
Total revenueLn 12$2.6M
Assets in detailPt X, end of year
CashLn 1$327K
SavingsLn 2$2.6M
Cash and savings togetherLn 1–2$2.9M
InvestmentsLn 11–13$3.1M
Land, buildings, equipmentLn 10c$98K
Other assetsLn 15$2.3M
Total assetsLn 16$8.3M
LiabilitiesLn 26$17K
Net assetsLn 32$8.3M
OperationsPt I, VI
EmployeesI 515
Fiscal year endsHeaderJune
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$2.8M$2.9M
InvestmentsLn 11–13$2.8M$3.1M
Land, buildings, equipmentLn 10c$82K$98K
Total assetsLn 16$8.0M$8.3M
LiabilitiesLn 26$17K$17K
Net assetsLn 32$8.0M$8.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$891K$891K
Pay of disqualified personsLn 6$9K$9K
Other salaries and wagesLn 7$125K$125K
Pension plan contributionsLn 8$314K$314K
Payroll taxesLn 10$56K$56K
Legal feesLn 11b$17K$17K
Accounting feesLn 11c$21K$21K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$143K$143K
Information technologyLn 14$16K$16K
OccupancyLn 16$17K$17K
TravelLn 17$15K$15K
Conferences, conventions and meetingsLn 19$13K$13K
Payments to affiliatesLn 21$476K$476K
Depreciation, depletion and amortizationLn 22$25K$25K
InsuranceLn 23$27K$27K
Other expenses (24a–d)Ln 24$124K$35K$88K
All other expensesLn 24e$49K$12K$37K
Total functional expensesLn 25$2.3M$1.9M$389K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.6M$2.3M$243K$8.3M 990 PDF
FY2024 $2.5M$2.3M$276K$8.0M 990 PDF
FY2023 $2.3M$2.0M$269K$7.7M 990 PDF
FY2022 $2.0M$1.8M$213K$7.5M 990 PDF
FY2021 $2.0M$1.8M$213K$7.5M 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 $2,581,296 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,300,490$2,300,490
VIII-3 Investment incomeExcluded from tax $164,109$164,109
VIII-7 Net gain or loss on sales of assetsRelated to mission −$1,500−$1,500
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $118,197$118,197
VIII-12 Total revenueRelated to mission $2,417,187 · Excluded from tax $164,109$2,581,296
Part IX · Statement of functional expenses $2,338,073 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $891,169$891,169
IX-6 Pay of disqualified personsPrograms $9,000$9,000
IX-7 Other salaries and wagesPrograms $124,886$124,886
IX-8 Pension plan contributionsPrograms $314,449$314,449
IX-10 Payroll taxesPrograms $55,944$55,944
IX-11b Legal feesManagement $16,523$16,523
IX-11c Accounting feesManagement $20,845$20,845
IX-12 Advertising and promotionPrograms $1,140$1,140
IX-13 Office expensesManagement $142,806$142,806
IX-14 Information technologyManagement $16,034$16,034
IX-16 OccupancyPrograms $16,840$16,840
IX-17 TravelManagement $15,402$15,402
IX-19 Conferences, conventions and meetingsPrograms $12,978$12,978
IX-21 Payments to affiliatesPrograms $475,683$475,683
IX-22 Depreciation, depletion and amortizationManagement $25,181$25,181
IX-23 InsuranceManagement $27,053$27,053
IX-24 Other expenses (24a–d)Programs $35,200 · Management $88,357$123,557
IX-24e All other expensesPrograms $11,695 · Management $36,888$48,583
IX-25 Total functional expensesPrograms $1,948,984 · Management $389,089 · Fundraising $0$2,338,073
Part X · Balance sheet $8,319,161 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $363,260$326,510
X-2 Savings and temporary cash investmentsStart of year $2,485,892$2,555,364
X-10c Land, buildings and equipment, netStart of year $81,809$97,673
X-11 Publicly traded securitiesStart of year $2,847,350$3,084,006
X-15 Other assetsStart of year $2,255,608$2,255,608
X-16 Total assetsStart of year $8,033,919$8,319,161
X-25 Other liabilitiesStart of year $16,875$16,875
X-26 Total liabilitiesStart of year $16,875$16,875
X-27 Net assets without donor restrictionsStart of year $8,017,044$8,302,286
X-32 Total net assets or fund balancesStart of year $8,017,044$8,302,286
X-33 Total liabilities and net assetsStart of year $8,033,919$8,319,161
Part XI · Reconciliation of net assets $8,302,286 net assets at year end
XI-1 Total revenue$2,581,296
XI-2 Total expenses$2,338,073
XI-3 Revenue less expenses$243,223
XI-4 Net assets at start of year$8,017,044
XI-5 Net unrealized gains (losses) on investments$42,019
XI-10 Net assets at end of year$8,302,286

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

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