Electrical Workers Building Foundation FY2024 filing

Not tax-deductible

Ankeny, IAMutual-benefit / member-servingEIN 42-1395711

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To provide & maintain the meeting facilities of ibew, local union 347.

Mission: Form 990 Part I, line 1

Before you give

FY2024 · 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
3 of 6
filings with a surplus
Average surplus $1.0M a year · 100% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
−$147K
-43% vs prior year
Spent
$0
Net assets
$7.2M
By yearFY2020–FY2025
Revenue
−$147K
FY2024▼ -43%
Revenue by fiscal year
FY2020$1.0M
FY2021$4.9M
FY2022$634K
FY2023−$103K
FY2024−$147K
FY2025−$256K
Expenses
$0
FY2024
Expenses by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
FY2024$0
FY2025$0
Net assets
$7.2M
FY2024▼ -2%
Net assets by fiscal year
FY2020$1.9M
FY2021$6.8M
FY2022$7.5M
FY2023$7.4M
FY2024$7.2M
FY2025$7.0M

From the FY2024 Form 990 · see the original

You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1993.

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

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
See Electrical Workers Building Foundation 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

Maintains meeting facilities for IBEW, Local Union 347.

Provided by the organization

This section is blank until Electrical Workers Building Foundation claims this page.

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1 program service, described in the organization's own filed words · FY2024.
01

Repaired and maintained the buildings and grounds throughout the calendar year.

Pt IX · col B

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
−$147K
Ln 12
Investment incomeLn 3$3K
Money outPt IX
$0
Ln 25
Owns and owesPt X
$7.2M
net assets · Ln 32
Cash and savingsLn 1–2$275K
Total assetsLn 16$7.2M
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$3K
Gains on assetsLn 7$0
Total revenueLn 12−$147K
Assets in detailPt X, end of year
CashLn 1$275K
SavingsLn 2$0
Cash and savings togetherLn 1–2$275K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$6.9M
Other assetsLn 15$0
Total assetsLn 16$7.2M
LiabilitiesLn 26$0
Net assetsLn 32$7.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$230K$275K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$7.1M$6.9M
Total assetsLn 16$7.4M$7.2M
LiabilitiesLn 26$0$0
Net assetsLn 32$7.4M$7.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
All other expensesLn 24e$0
Total functional expensesLn 25$0$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest −$256K$0−$256K$7.0M 990 PDF
FY2024 Viewing −$147K$0−$147K$7.2M 990 PDF
FY2023 −$103K$0−$103K$7.4M 990 PDF
FY2022 $634K$0$634K$7.5M 990 PDF
FY2021 $4.9M$0$4.9M$6.8M 990 PDF
FY2020 $1.0M$0$1.0M$1.9M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue −$147,066 across 7 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-3 Investment incomeExcluded from tax $2,579$2,579
VIII-5 Royalties$0
VIII-6 Net rental income or lossExcluded from tax −$149,645−$149,645
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax −$147,066−$147,066
Part IX · Statement of functional expenses $0 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$0
Part X · Balance sheet $7,223,884 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $229,868$274,934
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $7,141,082$6,948,950
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $7,370,950$7,223,884
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $7,370,950$7,223,884
X-32 Total net assets or fund balancesStart of year $7,370,950$7,223,884
X-33 Total liabilities and net assetsStart of year $7,370,950$7,223,884
Part XI · Reconciliation of net assets $7,223,884 net assets at year end
XI-1 Total revenue−$147,066
XI-2 Total expenses$0
XI-3 Revenue less expenses−$147,066
XI-4 Net assets at start of year$7,370,950
XI-10 Net assets at end of year$7,223,884

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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