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Ibew Local 701 Vacation Fund

Not tax-deductible

Warrenville, ILMutual-benefit / member-servingSince 1971EIN 36-2942688Revenue $13.8M in FY2025

On file with the IRS28600 Bella Vista Pkwy Ste 1110, 60555-1608 · Warrenville, ILTax-exempt since Dec 1971

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Provide Vacation 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 5
filings with a surplus
Average surplus $86K a year · under 1% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
3 mo
of spending, in cash
Fine: 2.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.6M
85% of total assets
Concern: liabilities are 85% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 9 voting members
Worth a look: 4 of 9 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$13.8M
-6% vs prior year
Spent
$13.7M
Net assets
$618K
By yearFY2021–FY2025
Revenue
$13.8M
FY2025▼ -6%
Tap a bar for its year
Revenue by fiscal year
FY2021$10.1M
FY2022$11.8M
FY2023$13.8M
FY2024$14.7M
FY2025$13.8M
Expenses
$13.7M
FY2025▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2021$10.1M
FY2022$11.8M
FY2023$13.7M
FY2024$14.6M
FY2025$13.7M
Net assets
$618K
FY2025▲ +16%
Tap a bar for its year
Net assets by fiscal year
FY2021$224K
FY2022$289K
FY2023$457K
FY2024$532K
FY2025$618K

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

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1971.

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 · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Kevin Connelly
Former Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Ibew Local 701 Vacation 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

Provides vacation benefits for participants.

Questions for Ibew Local 701 Vacation Fund

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1 program · in their own filed words · FY2024
01

The purpose of the fund is to provide vacation benefits for participants

Pt IX · col B

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$13.8M
Ln 12
Fees for servicesLn 2g$13.7M
Investment incomeLn 3$108K
Money outPt IX
$13.7M
Ln 25
Owns and owesPt X
$618K
net assets · Ln 32
Cash and savingsLn 1–2$2.9M
Total assetsLn 16$4.2M
LiabilitiesLn 26$3.6M
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$13.7M
Investment incomeLn 3$108K
Total revenueLn 12$13.8M
Assets in detailPt X, end of year
CashLn 1$934K
SavingsLn 2$2.0M
Cash and savings togetherLn 1–2$2.9M
Land, buildings, equipmentLn 10c$240
Other assetsLn 15$8K
Total assetsLn 16$4.2M
LiabilitiesLn 26$3.6M
Net assetsLn 32$618K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$3.0M$2.9M
Land, buildings, equipmentLn 10c$516$240
Total assetsLn 16$4.4M$4.2M
LiabilitiesLn 26$3.8M$3.6M
Net assetsLn 32$532K$618K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$13.6M
Legal feesLn 11b$993
Accounting feesLn 11c$11K
Investment management feesLn 11f$6K
Other fees for servicesLn 11g$180
Office expensesLn 13$2K
Information technologyLn 14$2K
OccupancyLn 16$10K
Depreciation, depletion and amortizationLn 22$275
InsuranceLn 23$4K
Other expenses (24a–d)Ln 24$16K
Total functional expensesLn 25$13.7M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $13.8M$13.7M$87K$618K 990 PDF
FY2024 $14.7M$14.6M$74K$532K 990 PDF
FY2023 $13.8M$13.7M$169K$457K 990 PDF
FY2022 $11.8M$11.8M$65K$289K 990 PDF
FY2021 $10.1M$10.1M$38K$224K 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 $13,766,515 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $14,540,555$13,658,102
I-10 Investment incomePrior year $123,125$108,413
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $14,663,680$13,766,515
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $14,541,391$13,627,205
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $48,262$52,650
I-18 Total expensesPrior year $14,589,653$13,679,855
I-19 Revenue less expensesPrior year $74,027$86,660
Part VI · Governance 4 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members4
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
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $13,766,515 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $13,658,102$13,658,102
VIII-3 Investment incomeExcluded from tax $108,413$108,413
VIII-12 Total revenueRelated to mission $13,658,102 · Unrelated business $0 · Excluded from tax $108,413$13,766,515
Part IX · Statement of functional expenses $13,679,855 across 11 lines filed
IX-4 Benefits paid to or for members$13,627,205
IX-11b Legal fees$993
IX-11c Accounting fees$11,190
IX-11f Investment management fees$6,026
IX-11g Other fees for services$180
IX-13 Office expenses$2,242
IX-14 Information technology$1,825
IX-16 Occupancy$10,303
IX-22 Depreciation, depletion and amortization$275
IX-23 Insurance$3,711
IX-24 Other expenses (24a–d)$15,905
IX-25 Total functional expenses$13,679,855
Part X · Balance sheet $4,229,876 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $959,967$933,839
X-2 Savings and temporary cash investmentsStart of year $2,061,008$2,005,304
X-4 Accounts receivableStart of year $1,331,747$1,282,223
X-10c Land, buildings and equipment, netStart of year $516$240
X-15 Other assetsStart of year $14,434$8,270
X-16 Total assetsStart of year $4,369,625$4,229,876
X-17 Accounts payable and accrued expensesStart of year $405$721
X-25 Other liabilitiesStart of year $3,837,700$3,610,975
X-26 Total liabilitiesStart of year $3,838,105$3,611,696
X-32 Total net assets or fund balancesStart of year $531,520$618,180
X-33 Total liabilities and net assetsStart of year $4,369,625$4,229,876
Part XI · Reconciliation of net assets $618,180 net assets at year end
XI-1 Total revenue$13,766,515
XI-2 Total expenses$13,679,855
XI-3 Revenue less expenses$86,660
XI-4 Net assets at start of year$531,520
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$618,180

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

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