Nonprofit · EIN 15-0347948
IBEW LOCAL NO 241 WELFARE BENEFITS FUND
Tax-exempt · TROY, MI 48098
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $4,893,075 | $3,924,723 | $968,352 | $12,682,548 | $158,302 | $12,524,246 |
| May 31, 2024 | 990 | $4,518,020 | $3,367,659 | $1,150,361 | $11,813,831 | $287,025 | $11,526,806 |
| May 31, 2023 | 990 | $3,629,590 | $3,162,495 | $467,095 | $10,219,252 | $96,902 | $10,122,350 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $4,197,521
- Investment income
- $693,365
- Other revenue
- $2,189
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $3,515,316
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $34,809
- Accounting fees
- $49,148
- Occupancy
- $13,860
Balance sheet and other
- Total assets, start of year
- $11,813,831
- Total assets, end of year
- $12,682,548
- Total liabilities, end of year
- $158,302
- Net assets, end of year
- $12,524,246
- Publicly traded securities
- $10,460,529
- Gross receipts
- $4,893,075
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1960
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TODD BRUER | ADMINISTRATOR Trustee or director | 0.5 | $0 | $109,000 | $66,102 |
| MICHAEL HEROLD | TRUSTEE Trustee or director | 0.5 | $0 | $2,272 | $0 |
| BRIAN WEATHERBY | TRUSTEE Trustee or director | 0.5 | $0 | $976 | $0 |
| GEORGE DENMARK | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| MEREDITH KUMPON | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| JOSHUA WHITMORE | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
990 for the year ended May 31, 2024: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TODD BRUER | ADMINISTRATOR Trustee or director | 0.5 | $0 | $102,073 | $64,397 |
| MICHAEL HEROLD | TRUSTEE Trustee or director | 0.5 | $0 | $2,215 | $0 |
| BRIAN WEATHERBY | TRUSTEE Trustee or director | 0.5 | $0 | $2,052 | $0 |
| GEORGE DENMARK | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| MEREDITH KUMPON | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| JOSHUA WHITMORE | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
990 for the year ended May 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TODD BRUER | ADMINISTRATOR Trustee or director | 0.5 | $0 | $97,614 | $62,670 |
| BRIAN WEATHERBY | TRUSTEE Trustee or director | 0.5 | $0 | $2,242 | $0 |
| MICHAEL HEROLD | TRUSTEE Trustee or director | 0.5 | $0 | $2,015 | $0 |
| GEORGE DENMARK | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| MEREDITH KUMPON | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| JOSHUA WHITMORE | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5600 NEW KING DR STE 330, TROY, MI 48098-2658
- Principal officer (990 for 2024)
- TODD BRUER, 134 CECIL A MALONE DRIVE, ITHACA, NY 14850
- Signed the 990
- TODD BRUER, ADMINISTRATOR
- Phone
- (607) 272-2809
- Return prepared by
- MENGEL METZGER BARR & CO LLP
Mission
THE PLAN PROVIDES HOSPITAL, SURGICAL, MAJOR MEDICAL, VISION AND DENTAL, LIFE AND ACCIDENTAL DEATH BENEFITS TO ELIGIBLE PARTICIPANTS.
Program accomplishments
- ALL FUNDS ARE USED FOR LOCAL IBEW MEMBERS HOSPITAL AND MEDICAL EXPENSESINCLUDING EYE AND DENTAL.Expenses $3,924,723 · revenue $4,199,710
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 15-0347948
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 1960
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $12,682,548
- Income (IRS master file)
- $4,893,075
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $4,893,075 | $3,924,723 | $12,682,548 | XML |
| 990 | May 2024 | $4,518,020 | $3,367,659 | $11,813,831 | XML |
| 990 | May 2023 | $3,629,590 | $3,162,495 | $10,219,252 | XML |
| 990 | May 2022 | $3,349,729 | $2,618,032 | $10,452,620 | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | IRS |
| 990 | May 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 15-0347948).
Questions about IBEW LOCAL NO 241 WELFARE BENEFITS FUND
- What is the EIN of IBEW LOCAL NO 241 WELFARE BENEFITS FUND?
- The employer identification number (EIN) of IBEW LOCAL NO 241 WELFARE BENEFITS FUND is 15-0347948.
- Is IBEW LOCAL NO 241 WELFARE BENEFITS FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1960.
- Are donations to IBEW LOCAL NO 241 WELFARE BENEFITS FUND tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does IBEW LOCAL NO 241 WELFARE BENEFITS FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of IBEW LOCAL NO 241 WELFARE BENEFITS FUND due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IBEW LOCAL NO 241 WELFARE BENEFITS FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of IBEW LOCAL NO 241 WELFARE BENEFITS FUND?
- The 990 for the year ended May 31, 2025 names TODD BRUER.
- Who are the officers and directors of IBEW LOCAL NO 241 WELFARE BENEFITS FUND?
- The 990 for the year ended May 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does IBEW LOCAL NO 241 WELFARE BENEFITS FUND have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $4,893,075, expenses of $3,924,723 and total assets of $12,682,548 at year end.
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