2025-11-16T19:07:20-06:00 2024-12-31 222951202 MSPC CPAS & ADVISORS PC 340 NORTH AVENUE EAST CRANFORD NJ 070162496 990 2024-01-01 131739738 INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 363 GENERAL FUND INTE 8457833500 67 COMMERCE DRIVE SOUTH HARRIMAN NY 10926 SAMUEL FRATTO BUS. MANAGER/FINANCIAL SECRETARY 8457833500 2025-11-16 1 1 JON S GAGLIARDI CPA P00528721 9082727000 2024 2025-03-06 01:10:19Z SAMUEL FRATTO 67 COMMERCE DRIVE SOUTH HARRIMAN NY 10926 16526018 0 X WWW.IBEWLU363.ORG X 1925 NY TO ORGANIZE ALL WORKERS AND TO SECURE IMPROVED WAGES, BENEFITS AND WORKING CONDITIONS THROUGH ORGANIZING AND COLLECTIVE BARGAINING. 1835 1835 8 0 0 0 1056007 4657150 3387646 0 1605288 894182 141188 156962 6190129 5708294 0 0 0 0 1836711 1895070 0 0 0 2022334 2016653 3859045 3911723 2331084 1796571 19716219 21957907 388052 315731 19328167 21642176 TO ORGANIZE ALL WORKERS AND TO SECURE IMPROVED WAGES, BENEFITS AND WORKING CONDITIONS THROUGH ORGANIZING AND COLLECTIVE BARGAINING. 0 0 ORGANIZING, NEGOTIATION & ARBITRATION GRIEVANCE PROCEDURES FOR MEMBERS IN RELATIONS WITH CONTRACTORS' ASSOCIATION, SUPPLY HOUSE, MUNICIPALITIES, & UTILITY COMPANIES. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 8 0 1 8 1 0 0 0 0 0 0 0 0 0 0 0 0 X 1835 1835 0 0 0 0 1 1 1 1 1 0 0 1 1 0 0 0 0 0 0 0 X IBEW #363 GENERAL FUND 8457833500 67 COMMERCE DRIVE SOUTH HARRIMAN NY 10926 SAMUEL FRATTO FINANCIAL SECRETARY/BUS MGR 40.00 0.00 X 258880 0 61230 FRANK PERUGINO PRESIDENT/SR. ASST BUS MGR 40.00 0.00 X 184220 0 61230 STEPHEN NEUGEBAUER EXECUTIVE BOARD/ASST BUS MGR 40.00 0.00 X 180400 0 61230 JOHN DICKSON EXECUTIVE BOARD/ASST BUS MGR 40.00 0.00 X 89242 0 30803 GERARD MURTAGH VICE PRESIDENT 1.00 0.00 X 250 0 0 KYLE PARENZEN TREASURER 1.00 0.00 X 200 0 0 JAMES MOORE EXECUTIVE BOARD 1.00 0.00 X 240 0 0 KENNETH SUTTON EXECUTIVE BOARD 1.00 0.00 X 480 0 0 MIKE FERGUSON EXECUTIVE BOARD 1.00 0.00 X 240 0 0 GREG HOOVER EXECUTIVE BOARD 1.00 0.00 X 240 0 0 NICK HEIM EXECUTIVE BOARD 1.00 0.00 X 240 0 0 WILLAM EDWARDS EXECUTIVE BOARD 1.00 39.00 X 200 160360 68288 ZARARIAH DICKSON EXECUTIVE BOARD 1.00 0.00 X 240 0 0 JOHN A MARAIA ASSISTANT BUSINESS MANAGER 40.00 0.00 X 179920 0 61230 HARRY MILLER ASSISTANT BUSINESS MANAGER 40.00 0.00 X 179920 0 61230 THOMAS KNAPP ASSISTANT BUSINESS MANAGER 40.00 0.00 X 160360 0 61230 1235272 160360 466471 6 0 1 0 0 4657150 4657150 528050 528050 11153356 30500 10792194 25530 361162 4970 366132 366132 REIMBURSEMENTS FROM AFFILIATED FU 900099 153746 153746 MISCELLANEOUS INCOME 900099 3216 3216 156962 5708294 156962 0 894182 711112 597117 293677 188339 104825 134532 37393 56242 133050 77353 183213 40661 781194 80928 79790 PUBLIC RELATIONS 161301 EXPENSE REIMBURSEMENTS 101277 CONTRIBUTIONS 66165 OFFICE, SECRETARIAL, & 55271 28283 3911723 1261001 1827899 907567 1243671 516016 434439 17266 18944 997577 614298 264668 383279 16243184 17580555 506517 469120 19716219 21957907 64013 69035 324039 246696 388052 315731 X 19328167 21642176 19328167 21642176 19716219 21957907 1796571 517438 0 X X 0 1 X 1 0 0 0 0 4657150 528889 459200 69689 468688 155098 313590 383279 DUE TO BROKER 5099 OPERATING LEASE LIABILITY 241597 246696 X 6071986 517438 517438 5554548 153746 153746 5708294 3757977 -153746 -153746 3911723 0 3911723 PART X, LINE 2: THE LOCAL IS EXEMPT FROM THE FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501 (C)(5) OF THE INTERNAL REVENUE CODE AND FILES FORM 990. THE ACCOUNTING STANDARDS ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESS THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE LOCAL MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE LOCAL UNION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM A TAX POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR FISCAL YEAR 2024. PART XI, LINE 4B - OTHER ADJUSTMENTS: REIMBURSED BY AFFILIATED FUNDS 153,746. PART XII, LINE 2D - OTHER ADJUSTMENTS: REIMBURSED BY AFFILIATED FUNDS -153,746. X 0 0 0 SAMUEL FRATTO FINANCIAL SECRETARY/BUS MGR 258880 0 0 0 0 0 37382 0 23848 0 320110 0 0 0 FRANK PERUGINO PRESIDENT/SR. ASST BUS MGR 183920 0 0 0 300 0 37382 0 23848 0 245450 0 0 0 STEPHEN NEUGEBAUER EXECUTIVE BOARD/ASST BUS MGR 179920 0 0 0 480 0 37382 0 23848 0 241630 0 0 0 JOHN A MARAIA ASSISTANT BUSINESS MANAGER 179920 0 0 0 0 0 37382 0 23848 0 241150 0 0 0 HARRY MILLER ASSISTANT BUSINESS MANAGER 179920 0 0 0 0 0 37382 0 23848 0 241150 0 0 0 WILLAM EDWARDS EXECUTIVE BOARD 0 160360 0 0 200 0 0 41382 0 26906 200 228648 0 0 THOMAS KNAPP ASSISTANT BUSINESS MANAGER 160360 0 0 0 0 0 37382 0 23848 0 221590 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS 1,835 MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS MEMBERS WHO HAVE THE RIGHT TO VOTE AND ELECT MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS ARE SUBJECT TO THE APPROVAL OF THE EXECUTIVE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION IS PROVIDED WITH A CLIENT COPY OF THE RETURN FOR REVIEW PURPOSES PRIOR TO FILING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PROVIDES GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST. FORM 990, PART XXI, LINE 2C THE TRUSTEES ARE RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF INDEPENDENT AUDITORS. IBEW 363 JAT RE CORP 67 COMMERCE DRIVE SOUTH HARRIMAN NY 10926 133765269 CORPORATION THAT OPERATES BY LEASING OFFICE SPACE TO OTHER 363 FUNDS. NY 501(C)(2) 0 IBEW 363 LMCC FUND 67 COMMERCE DRIVE SOUTH HARRIMAN NY 10926 133800212 PROVIDES EDUCATIONAL AND PROMOTIONAL SERVICES. NY 501(C)(5) 0 IBEW 363 APPRENTICESHIP FUND 67 COMMERCE DRIVE SOUTH HARRIMAN NY 10926 136132505 PROVIDES TRAINING FOR APPRENTICES AND MEMBERS. NY 501(C)(3) 0 IBEW 363 WELFARE FUND 67 COMMERCE DRIVE SOUTH HARRIMAN NY 10926 136132502 PROVIDES MEDICAL AND VACATION BENEFITS TO ELIGIBLE PARTICIPANTS. NY 501(C)(9) 0 IBEW 363 SCHOLARSHIP FUND 67 COMMERCE DRIVE SOUTH HARRIMAN NY 10926 204423030 PROVIDES SCHOLARSHIPS TO ELIGIBLE STUDENTS. NY 501(C)(3) 0 IBEW 363 PENSION FUND 67 COMMERCE DRIVE SOUTH HARRIMAN NY 10926 516041178 PROVIDES PENSION BENEFITS FOR ELIGIBLE MEMBERS. NY 401(A) 0 IBEW 363 SUPPLY HOUSE PENSION FUND 67 COMMERCE DRIVE SOUTH HARRIMAN NY 10926 132972311 PROVIDES PENSION BENEFITS FOR ELIGIBLE SUPPLY HOUSE PARTICIPANTS. NY 401(A) 0 IBEW 363 MONEY PURCHASE PENSION FUND 67 COMMERCE DRIVE SOUTH HARRIMAN NY 10926 136530041 PROVIDES ANNUITY BENEFITS FOR ELIGIBLE PARTICIPANTS. NY 401(A) 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 IBEW 363 JAT RE CORP K 51960 USAGE OF BUILDING IBEW 363 WELFARE FUND P 55271 TIME ANALYSIS IBEW 363 MPP (ANNUITY) FUND Q 27436 TIME ANALYSIS/USAGE OF EXPENSES IBEW 363 JAT FUND Q 17150 TIME ANALYSIS/USAGE OF EXPENSES IBEW 363 PENSION FUND Q 24951 TIME ANALYSIS/USAGE OF EXPENSES IBEW 363 SUB FUND Q 21407 TIME ANALYSIS/USAGE OF EXPENSES IBEW 363 WELFARE FUND Q 26513 TIME ANALYSIS/USAGE OF EXPENSES