2024-09-06T12:16:17-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 600 3RD AVENUE SE SUITE 300 CEDAR RAPIDS IA 52401 990 2023-01-01 420668751 INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 405 INTE 3193968241 1211 WILEY BLVD SW CEDAR RAPIDS IA 524041320 MATT RESOR BUSINESS MANAGER 3193968241 2024-08-31 1 0 DAVID LITTLE P01480921 3193632697 2024-08-27 2023 2024-08-08 14:25:15Z MATT RESOR 1211 WILEY BLVD SW CEDAR RAPIDS IA 524041320 1937384 0 X WWW.IBEW405.ORG X 1911 IA ELEVATES THE MORAL, INTELLECTUAL, AND SOCIAL CONDITIONS OF ITS MEMBERS. 10 10 5 55 0 0 0 0 1741375 1897818 36523 34249 -12891 -19829 1765007 1912238 240693 155565 0 0 718445 747616 0 0 0 834275 881000 1793413 1784181 -28406 128057 3791585 3915937 4942 1237 3786643 3914700 ELEVATES THE MORAL, INTELLECTUAL, AND SOCIAL CONDITIONS OF ITS MEMBERS, AND THEIR FAMILIES AND DEPENDENTS, IN THE INTEREST OF A HIGHER STANDARD OF CITIZENSHIP. 0 0 ELEVATES THE MORAL, INTELLECTUAL, AND SOCIAL CONDITIONS OF ITS MEMBERS, AND THEIR FAMILIES AND DEPENDENTS, IN THE INTEREST OF A HIGHER STANDARD OF CITIZENSHIP. 0 0 1 1 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 10 0 5 1 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 0 1 0 0 0 X MATT RESOR 3193968241 1211 WILEY BLVD SW CEDAR RAPIDS IA 524041320 COOLING JEFF PRESIDENT 1.00 1.00 X X 3216 0 0 FOSTER AARON VICE PRESIDENT 1.00 1.00 X X 346 0 0 FASSELIUS JON RECORDING SECRETARY 1.00 1.00 X X 2052 0 0 STRAUB STEVE TREASURER 1.00 1.00 X X 1137 0 0 EDMUNDS RYAN EXECUTIVE BOARD 1.00 1.00 X 117 0 0 DILL CODY EXECUTIVE BOARD 1.00 1.00 X 290 0 0 FRANKLIN JOHN EXECUTIVE BOARD 1.00 1.00 X 117 0 0 MCNALLY KENT EXECUTIVE BOARD 1.00 1.00 X 1713 0 0 UMSTEAD JOSH EXECUTIVE BOARD 1.00 1.00 X 224 0 0 VOLK NICK EXECUTIVE BOARD 1.00 1.00 X 645 0 0 LUENSMAN JUNIOR BUSINESS MANAGER/FINANCIAL SECRETARY 49.00 1.00 X 114137 0 46206 CAMPION CHAD ORGANIZER 48.00 X 103688 0 44601 RESOR MATTHEW ASST. BUSINESS MANAGER 48.00 X 103687 0 44601 ANDREWS CHAD ASST. BUSINESS MANAGER 48.00 X 100634 0 42270 432003 0 177678 4 0 1 0 0 MEMBERSHIP DUES 900099 1897818 1897818 1897818 22249 22249 12000 0 12000 12000 12000 4298 25146 -20848 -20848 1019 1019 1019 1912238 -20848 0 1933086 149065 6500 170200 369722 86533 78125 43036 25542 1420 6235 53986 15979 32100 18070 34806 431095 28680 62737 COMMITTEE EXPENSES 60861 PARTY AND PICNIC 42573 EVENTS 33358 ORGANIZER EXPENSES 25166 8392 1784181 180132 1264906 3489950 2500566 377516 227051 121503 150465 3791585 3915937 3942 237 1000 1000 4942 1237 X 3786643 3914700 3786643 3914700 3791585 3915937 128057 0 X X 0 1 X 1 0 IBEW PAC EDUCATION FUND 900 7TH ST NW WASHINGTON DC 20001 530088380 48000 1 1 0 PART I-A, LINE 1: THE ORGANIZATION PAYS INTO THE IBEW PAC EDUCATION FUND, A SEPERATE ENTITY. THE ORGANIZATION DOES NOT PAY THEM TO PERFORM ANY SPECIFIC SERVICES. THE FUND USES THE MONEY FOR NON-PARTISAN ACTIVITIES SUCH AS VOTER REGISTRATION, EDUCATION, AND OTHER GRASSROOT PROGRAMS DESIGNED TO COMMUNICATE WITH THE ORGANIZATION'S MEMBERS. IT ALSO COULD USE MONEY TO CONTRIBUTE DIRECTLY TO STATE AND LOCAL POLITICAL CANDIDATES. ONCE THE ORGANIZATION CONTRIBUTES TO THE FUND, THE ORGANIZATION CAN MAKE SUGGESTIONS AS TO THE USE OF THE MONEY, BUT IT DOES NOT HAVE ANY CONTROL OVER THE MONEY. 39666 39666 0 139728 118293 21435 198122 69092 129030 150465 X 1937384 25146 25146 1912238 0 1912238 1809327 25146 25146 1784181 0 1784181 PART X, LINE 2: INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 405 IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(5) OF THE INTERNAL REVENUE CODE (IRC) AND SIMILAR SECTIONS OF IOWA INCOME TAX LAW. THE INTERNAL REVENUE SERVICE HAS NOT DETERMINED THAT THE LOCAL IS A PRIVATE FOUNDATION. THE LOCAL FILES INFORMATION RETURNS IN THE U.S. FEDERAL JURISDICTION. THE LOCAL FOLLOWS THE ACCOUNTING STANDARD TO EVALUATE UNCERTAIN INCOME TAX POSITIONS AND HAS DETERMINED THAT IT WAS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: MERCHANDISE PURCHASED NETTED AGAINST REVENUE FOR PRESENTATION ON FORM 990 25,146. PART XII, LINE 2D - OTHER ADJUSTMENTS: MERCHANDISE PURCHASED NETTED AGAINST REVENUE FOR PRESENTATION ON FORM 990 25,146. 1 IBEW PAC EDUCATION FUND 900 7TH ST NW WASHINGTON DC 20001 530088380 501(C)(3) 48000 0 N/A N/A TO SUPPORT PROGRAMS USED TO COMMUNICATE WITH MEMBERS ELECTRICAL WORKERS BUILDING CO 1211 WILEY BLVD SW CEDAR RAPIDS IA 52404 237046838 501(C)(2) 58386 0 N/A N/A IMPROVEMENTS & PROPERTY TAXES FOR 1211 WILEY BLVD BUILDING 1 1 GENERAL CONTRIBUTIONS 28 6500 PART I, LINE 2: THE ORGANIZATION DOES NOT HAVE FORMAL GRANT WRITING PROGRAM, OCCASIONALLY THE ORGANIZATION WILL PAY OUT GENERAL CONTRIBUTIONS OR ASSISTANCE PAYMENTS. THE BOARD AND MANAGEMENT DECIDE WHEN AND TO WHOM THESE PAYMENTS SHOULD BE DIRECTED EACH YEAR. WHEN APPROPRIATE THE ORGANIZATION MAINTAINS CONTACT WITH RECIPIENTS TO ENSURE FUNDS ARE BEING USED FOR THEIR INTENDED PURPOSE. AT THE GENERAL MEETING, THE ENTIRE MEMBERSHIP VOTES ON THE MOTION OF WHETHER OR NOT AND HOW MUCH TO CONTRIBUTE TO THE POLITICAL EDUCATION FUND. THE ORGANIZATION HAS NO CONTROL OVER HOW OR WHERE THE FUNDS CONTRIBUTED TO THE POLITICAL EDUCATION FUND ARE SPENT, ONLY THE ABILITY TO REQUEST THAT THEY BE USED FOR PURPOSES THAT THE IBEW 405 ENDORSES. X 0 0 0 LUENSMAN JUNIOR BUSINESS MANAGER/FINANCIAL SECRETARY 114137 0 0 0 0 0 25297 0 20909 0 160343 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 LOCAL 405 HAS 754 RANK AND FILE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS HAVE THE RIGHT TO ELECT THE MEMBERS OF THE GOVERNING BODY. ELECTIONS TAKE PLACE EVERY THREE YEARS AND ARE REQUIRED BY IBEW LOCAL 405 CONSTITUTION. FORM 990, PART VI, SECTION A, LINE 7B ALL DECISIONS REQUIRE APPROVAL BY MEMBERS ACCORDING TO IBEW LOCAL 405 CONSTITUTION. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEES HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. ALL MEMBERS OF THE GOVERNING BODY ARE ABLE TO VIEW THE FORM 990 AT ANY TIME BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE EXECUTIVE BOARD CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. THE EXECUTIVE BOARD MAKES THE DETERMINATION AS TO WHETHER A CONFLICT OF INTEREST EXISTS. TRANSACTIONS WITH CONFLICTS CAN ONLY BE UNDERTAKEN IF ALL OF THE FOLLOWING ARE OBSERVED: 1. CONFLICT IS FULLY DISCLOSED 2. CONFLICTED INDIVIDUAL IS EXCLUDED FROM DISCUSSION AND APPROVAL OF THE TRANSACTION 3. COMPETITIVE BID OF COMPARABLE VALUATION EXISTS AND 4. THE EXECUTIVE BOARD HAS DETERMINED THAT THE TRANSACTION IS IN THE BEST INTEREST OF THE ORGANIZATION. EACH OFFICER AND MANAGEMENT EMPLOYEE WITH DELEGATED POWERS WHO CAN INFLUENCE THE ACTIONS OF THE ORGANIZATION ANNUALLY SIGNS A STATEMENT WHICH AFFIRMS THEIR RECEIPT, UNDERSTANDING OF AND AGREED COMPLIANCE TO THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE TOP MANAGEMENT OFFICIAL IS DETERMINED BY THE LOCAL UNION BY-LAWS. FORM 990, PART VI, SECTION B, LINE 15B: COMPENSATION OF THE ORGANIZATION'S KEY EMPLOYEES IS DETERMINED AT THE DISCRETION OF THE FINANCIAL SECRETARY. OFFICER PAY IS DETERMINED BY THE LOCAL UNION BY-LAWS. FORM 990, PART VI, SECTION C, LINE 19 IBEW LOCAL 405'S FINANCIAL STATEMENTS ARE OPEN TO ALL MEMBERS OF IBEW LOCAL 405. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 1: THE LOCAL'S POLICY IS TO PREPARE ITS FINANCIAL STATEMENTS AND TAX RETURN ON THE MODIFIED CASH BASIS OF ACCOUNTING; CONSEQUENTLY, CERTAIN REVENUES ARE RECOGNIZED WHEN RECEIVED RATHER THAN WHEN EARNED, AND CERTAIN EXPENSES AND PURCHASES OF ASSETS ARE RECOGNIZED WHEN CASH IS DISBURSED RATHER THAN WHEN THE OBLIGATION IS INCURRED. THIS METHOD DIFFERS FROM ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PRIMARILY DUE TO THE EFFECTS OF PREPAID EXPENSES AND LIABILITIES FOR ACCOUNTS PAYABLE AND ACCRUED EXPENSES, AND THEIR RELATED EFFECTS ON EARNINGS. MODIFICATIONS TO THE CASH BASIS OF ACCOUNTING INCLUDE CAPITALIZING AND DEPRECIATING ASSETS, RECORDING A LIABILITY FOR PAYROLL TAXES WITHHELD AND FOR DEFERRED REVENUE RESTRICTED. FORM 990, PART XII, LINE 2C: NO CHANGES FROM PRIOR YEAR. LOCAL #405 HEALTH AND WELFARE FUND 225 2ND ST SE CEDAR RAPIDS IA 52401 237031120 TO USE CONTRIBUTIONS TO PROVIDE HEALTH AND WELFARE BENEFITS IA 501(C)(9) N/A 0 IBEW LOCAL 405 DEFERRED SAVINGS PLAN 225 2ND ST SE CEDAR RAPIDS IA 52401 421494475 TO USE CONTRIBUTIONS TO PROVIDE RETIREMENT BENEFITS IA 501(C)(9) N/A 0 CEDAR RAPIDS ELECTRICAL APPRENTICESHIP TRAINING AND EDUCATIONAL TRUST 2300 JOHNSON AVE NW CEDAR RAPIDS IA 52405 426603775 TO PROVIDE TRAINING AND EDUCATION FOR EASTERN IOWA APPRENTICES AND JOURNEYME IA 501(C)(3) LINE 2 N/A 0 ELECTRICAL WORKERS BUILDING CO 1211 WILEY BLVD SW CEDAR RAPIDS IA 52404 237046838 MAINTAIN BUILDING (UNION HALL) FOR MEMBERSHIP IA 501(C)(2) INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 405 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 ELECTRICAL WORKERS BUILDING CO P 58386 CASH PAID ELECTRICAL WORKERS BUILDING CO K 19200 CASH PAID