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Nonprofit · EIN 23-6424575

IBEW LOCAL UNION 375 ELECTRICIANS WELFARE FUND

Tax-exempt · ALLENTOWN, PA 18101

Financials

$13.8M$13.4M2023$14.6M$15.1M2024
Revenue Expenses · by fiscal year end
Financials of IBEW LOCAL UNION 375 ELECTRICIANS WELFARE FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$14,623,178$15,099,140-$475,962$11,872,184$0$11,872,184
December 31, 2023990$13,786,785$13,425,530$361,255$14,057,983$92,630$13,965,353
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$13,634,275
Investment income
$426,037
Net gain from sales of assets
$27,566
Other revenue
$562,866

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$14,516,451
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$18,545
Accounting fees
$53,621

Balance sheet and other

Total assets, start of year
$14,057,983
Total assets, end of year
$11,872,184
Total liabilities, end of year
$0
Net assets, end of year
$11,872,184
Publicly traded securities
$4,419,344
Gross receipts
$14,623,178
Employees
7
Volunteers
0
Year formed
1962
State of legal domicile
PA

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
PAUL ANTHONYUNION TRUSTEE
Trustee or director
5$0
ALAN REXUNION TRUSTEE
Trustee or director
2$0
PATRICK FALENWOLFEUNION TRUSTEE
Trustee or director
2$0
MICHAEL ALABOVITZEMPLOYER TRUSTEE
Trustee or director
2$0
ALEX MAGGITTIEMPLOYER TRUSTEE
Trustee or director
2$0
MEAGAN BECK THRU 924EMPLOYER TRUSTEE
Trustee or director
2$0
MIKE CONKEY AS OF 924EMPLOYER TRUSTEE
Trustee or director
2$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
PAUL ANTHONYUNION TRUSTEE
Trustee or director
5$0
ALAN REXUNION TRUSTEE
Trustee or director
2$0
PATRICK FALENWOLFEUNION TRUSTEE
Trustee or director
2$0
MICHAEL ALABOVITZEMPLOYER TRUSTEE
Trustee or director
2$0
ALEX MAGGITTIEMPLOYER TRUSTEE
Trustee or director
2$0
MEAGAN BECKEMPLOYER TRUSTEE
Trustee or director
2$0

Address and contacts

Address (IRS master file)
101 S 7TH ST, ALLENTOWN, PA 18101-2245
Principal officer (990 for 2024)
PAUL ANTHONY, 101 S 7TH STREET, ALLENTOWN, PA 18101
Signed the 990
PAUL ANTHONY, BUSINESS MGR/TRUSTEE
Phone
(610) 432-9762
Return prepared by
PACKER THOMAS

Mission

PROVIDE HEALTH BENEFITS TO MEMBERS.

990 for the year ended December 31, 2024

Program accomplishments

  • THE PLAN PROVIDES LIFE, VISION, ACCIDENTAL, DEATH, DISABILITY, DENTAL, HOSPITALIZATION, MEDICAL AND OTHER RELATED MEMBER BENEFITS.

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
23-6424575
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Donations deductible
No
Exempt since
1964
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$11,872,184
Income (IRS master file)
$14,623,178

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$14,623,178$15,099,140$11,872,184XML
990December 2023$13,786,785$13,425,530$14,057,983XML
990December 2022$14,102,790$11,222,558$13,653,431IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––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 23-6424575).

Questions about IBEW LOCAL UNION 375 ELECTRICIANS WELFARE FUND

What is the EIN of IBEW LOCAL UNION 375 ELECTRICIANS WELFARE FUND?
The employer identification number (EIN) of IBEW LOCAL UNION 375 ELECTRICIANS WELFARE FUND is 23-6424575.
Is IBEW LOCAL UNION 375 ELECTRICIANS WELFARE FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1964.
Are donations to IBEW LOCAL UNION 375 ELECTRICIANS WELFARE FUND tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does IBEW LOCAL UNION 375 ELECTRICIANS WELFARE 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 UNION 375 ELECTRICIANS WELFARE FUND due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did IBEW LOCAL UNION 375 ELECTRICIANS WELFARE FUND last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of IBEW LOCAL UNION 375 ELECTRICIANS WELFARE FUND?
The 990 for the year ended December 31, 2024 names PAUL ANTHONY.
Who are the officers and directors of IBEW LOCAL UNION 375 ELECTRICIANS WELFARE FUND?
The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does IBEW LOCAL UNION 375 ELECTRICIANS WELFARE FUND have?
On its 990 for the year ended December 31, 2024 it reported revenue of $14,623,178, expenses of $15,099,140 and total assets of $11,872,184 at year end.

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