Electrical Sixty-Six Building Corp FY2023 filing

Not tax-deductible

Pasadena, TXMutual-benefit / member-servingEIN 74-1149896Revenue $448K in FY2023

On file with the IRS4345 Allen Genoa Rd, 77504-3701 · Pasadena, TXTax-exempt since Jan 1952

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The primary purpose of the organization is to manage and operate the real estate of its whollyowned parent IBEW LU 66

Mission: Form 990 Part I, line 1

Before you give

FY2023 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $135K a year · 100% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Liabilities
$561K
39% of total assets
Looks good: liabilities are 39% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$448K
+272% vs prior year
Spent
$0
Net assets
$866K
By yearFY2020–FY2024
Revenue
$448K
FY2023▲ +272%
Tap a bar for its year
Revenue by fiscal year
FY2020$49K
FY2021$110K
FY2022$120K
FY2023$448K
FY2024−$54K
Expenses
$0
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
FY2024$0
Net assets
$866K
FY2023▲ +105%
Tap a bar for its year
Net assets by fiscal year
FY2020$203K
FY2021$313K
FY2022$422K
FY2023$866K
FY2024$806K

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1952.

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

Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Kraft III
$0Pt VII · Sec A
Executive Board
$0Pt VII · Sec A
Executive Board
$0Pt VII · Sec A
Executive Board
$0Pt VII · Sec A
Executive Board
$0Pt VII · Sec A
Business Mgr Fin Secy
not listedPt VII · Sec A
Business Representative
not listedPt VII · Sec A
See Electrical Sixty-Six 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 15aYes

Programs and updates

Manages and operates real estate for its parent union.

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Provided by the organization

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1 program · $652K · in their own filed words · FY2023
01

This corporation holds the legal title for ibew local union 66s hall. The primary purpose of the organization is to manage and operate the real estate of its wholly-owned parent, ibew lu 66.

$652Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$448K
Ln 12
Other incomeLn 4–11$448K
Money outPt IX
$0
Ln 25
Owns and owesPt X
$866K
net assets · Ln 32
Cash and savingsLn 1–2$308K
Total assetsLn 16$1.4M
LiabilitiesLn 26$561K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Other incomeLn 4–11$448K
Total revenueLn 12$448K
Assets in detailPt X, end of year
CashLn 1$308K
Cash and savings togetherLn 1–2$308K
Land, buildings, equipmentLn 10c$1.1M
Total assetsLn 16$1.4M
LiabilitiesLn 26$561K
Net assetsLn 32$866K
OperationsPt I, VI
EmployeesI 510
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 FY23End FY23
Cash and savingsLn 1–2$377K$308K
Land, buildings, equipmentLn 10c$606K$1.1M
Total assetsLn 16$983K$1.4M
LiabilitiesLn 26$561K$561K
Net assetsLn 32$422K$866K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Total functional expensesLn 25$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest −$54K$0−$54K$806K 990 PDF
FY2023 Viewing $448K$0$448K$866K 990 PDF
FY2022 $120K$0$120K$422K 990 PDF
FY2021 $110K$0$110K$313K 990 PDF
FY2020 $49K$0$49K$203K 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 FY2023 990 (6 parts)
Part I · Summary $448,409 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $7$0
I-11 Other revenuePrior year $120,682$448,409
I-12 Total revenuePrior year $120,689$448,409
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$0
I-18 Total expenses$0
I-19 Revenue less expensesPrior year $120,689$448,409
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $448,409 across 2 lines filed
VIII-6 Net rental income or loss$448,409
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$448,409
Part IX · Statement of functional expenses $0 across 0 lines filed
IX-25 Total functional expenses$0
Part X · Balance sheet $1,427,005 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $376,991$307,987
X-10c Land, buildings and equipment, netStart of year $605,637$1,119,018
X-16 Total assetsStart of year $982,628$1,427,005
X-25 Other liabilitiesStart of year $560,520$560,520
X-26 Total liabilitiesStart of year $560,520$560,520
X-27 Net assets without donor restrictionsStart of year $0$0
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $422,108$866,485
X-33 Total liabilities and net assetsStart of year $982,628$1,427,005
Part XI · Reconciliation of net assets $866,485 net assets at year end
XI-1 Total revenue$448,409
XI-2 Total expenses$0
XI-3 Revenue less expenses$448,409
XI-4 Net assets at start of year$422,108
XI-8 Prior period adjustments−$4,032
XI-10 Net assets at end of year$866,485

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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