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Nonprofit · EIN 47-4203459

IBEW LOCAL 481 SUPPLEMENTAL UNEMPLOYMENT BENEFIT FUND

Tax-exempt · INDIANAPOLIS, IN 46202

Financials

$1.8M$1.1M2023$2.3M$1.3M2024$3M$1.4M2025
Revenue Expenses · by fiscal year end
Financials of IBEW LOCAL 481 SUPPLEMENTAL UNEMPLOYMENT BENEFIT FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$2,986,874$1,414,034$1,572,840$11,066,386$200,302$10,866,084
December 31, 2024990$2,309,817$1,338,668$971,149$9,357,577$203,567$9,154,010
December 31, 2023990$1,817,232$1,055,465$761,767$8,607,395$390,704$8,216,691
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$2,542,022
Investment income
$444,852
Net gain from sales of assets
$53,146
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$608,874
Compensation of officers, directors and key employees
$26,560
Other salaries and wages
$67,210
Salaries, compensation and benefits (total)
$144,426
Professional fundraising fees
$0
Legal fees
$17,520
Accounting fees
$32,402
Occupancy
$13,129
Depreciation
$4,874

Balance sheet and other

Total assets, start of year
$9,357,577
Total assets, end of year
$11,066,386
Total liabilities, end of year
$200,302
Net assets, end of year
$10,866,084
Land, buildings and equipment
$13,404
Publicly traded securities
$7,513,611
Gross receipts
$8,232,312
Employees
0
Volunteers
0
Year formed
2015
State of legal domicile
IN

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, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
DAVID RAYPLAN ADMINISTRATOR
Highest-paid employee
4$0$182,137$81,104
WHITNEY KINGASSISTANT PLAN ADMINISTRAT
Highest-paid employee
16$0$139,670$79,878
JEFF WHEELERTRUSTEE
Trustee or director
1$0$138,654$80,200
JASON BURCHAMALTERNATE TRUSTEE
Trustee or director
1$0$131,586$77,891
CHAD ISONTRUSTEE
Trustee or director
1$0$5,058$2,262
RYAN BALLOUTRUSTEE
Trustee or director
1$0$5,410$1,105
ADAM RUDETRUSTEE
Trustee or director
1$0$0$0
BRIAN MILLERTRUSTEE
Trustee or director
1$0$0$0
LARRY VAN TRIESALTERNATE TRUSTEE
Trustee or director
1$0$0$0
KEVIN SCHRADERTRUSTEE
Trustee or director
1$0$0$0
990 for the year ended December 31, 2024: 12 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
DAVID RAYPLAN ADMINISTRATOR
Highest-paid employee
4$0$155,400$79,038
WHITNEY KINGASSISTANT PLAN ADMINISTRAT
Highest-paid employee
16$0$130,219$76,701
JEFF WHEELERTRUSTEE
Trustee or director
1$0$123,616$72,436
JASON BURCHAMALTERNATE TRUSTEE
Trustee or director
1$0$117,300$70,398
CHAD ISONTRUSTEE
Trustee or director
1$0$6,165$2,874
RYAN BALLOUTRUSTEE
Trustee or director
1$0$5,071$2,963
ADAM RUDETRUSTEE
Trustee or director
1$0$0$0
BRIAN MILLERTRUSTEE
Trustee or director
1$0$0$0
ANDREW WILLIAMSTRUSTEE - PAST
Trustee or director
1$0$0$0
LARRY VAN TRIESALTERNATE TRUSTEE
Trustee or director
1$0$0$0
MIKE ESTEPTRUSTEE - NEW/PAST
Trustee or director
1$0$0$0
KEVIN SCHRADERTRUSTEE - NEW
Trustee or director
1$0$0$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
DAVID RAYPLAN ADMINISTRATOR
Highest-paid employee
4$0$150,867$77,462
JEFF WHEELERTRUSTEE
Trustee or director
1$0$113,264$70,833
JASON BURCHAMALTERNATE TRUSTEE
Trustee or director
1$0$107,484$68,883
WHITNEY KINGASSISTANT PLAN ADMINISTRATOR
Highest-paid employee
16$0$105,868$64,229
CHAD ISONTRUSTEE
Trustee or director
1$0$5,422$2,564
RYAN BALLOUTRUSTEE
Trustee or director
1$0$4,226$2,607
ADAM RUDETRUSTEE
Trustee or director
1$0$0$0
BRIAN MILLERTRUSTEE
Trustee or director
1$0$0$0
ANDREW WILLIAMSTRUSTEE
Trustee or director
1$0$0$0
LARRY VAN TRIESALTERNATE TRUSTEE
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
1828 N MERIDIAN ST STE 103, INDIANAPOLIS, IN 46202-1452
In care of
% ROBERT CADWELL
Principal officer (990 for 2025)
DAVID RAY, 1828 N MERIDIAN STREET 103, INDIANAPOLIS, IN 46202
Signed the 990
DAVID RAY, PLAN ADMINISTRATOR
Phone
(317) 923-4577
Return prepared by
LEGACY PROFESSIONALS LLP

Mission

PROVIDE SUPPLEMENTAL UNEMPLOYMENT BENEFITS

990 for the year ended December 31, 2025

Program accomplishments

  • PAYMENT OF SUPPLEMENTAL UNEMPLOYMENT BENEFITS TO ELIGIBLE UNEMPLOYED PARTICIPANTS OF THIS FUND IN ACCORDANCE WITH PLAN DOCUMENTS.

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, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
47-4203459
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Donations deductible
No
Exempt since
2015
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$11,066,386
Income (IRS master file)
$8,232,312

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$2,986,874$1,414,034$11,066,386XML
990December 2024$2,309,817$1,338,668$9,357,577XML
990December 2023$1,817,232$1,055,465$8,607,395XML
990December 2022$1,246,191$1,112,513$7,523,550IRS
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 47-4203459).

Questions about IBEW LOCAL 481 SUPPLEMENTAL UNEMPLOYMENT BENEFIT FUND

What is the EIN of IBEW LOCAL 481 SUPPLEMENTAL UNEMPLOYMENT BENEFIT FUND?
The employer identification number (EIN) of IBEW LOCAL 481 SUPPLEMENTAL UNEMPLOYMENT BENEFIT FUND is 47-4203459.
Is IBEW LOCAL 481 SUPPLEMENTAL UNEMPLOYMENT BENEFIT FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 2015.
Are donations to IBEW LOCAL 481 SUPPLEMENTAL UNEMPLOYMENT BENEFIT FUND tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does IBEW LOCAL 481 SUPPLEMENTAL UNEMPLOYMENT BENEFIT 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 481 SUPPLEMENTAL UNEMPLOYMENT BENEFIT FUND due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did IBEW LOCAL 481 SUPPLEMENTAL UNEMPLOYMENT BENEFIT FUND last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of IBEW LOCAL 481 SUPPLEMENTAL UNEMPLOYMENT BENEFIT FUND?
The 990 for the year ended December 31, 2025 names DAVID RAY.
Who are the officers and directors of IBEW LOCAL 481 SUPPLEMENTAL UNEMPLOYMENT BENEFIT FUND?
The 990 for the year ended December 31, 2025 lists 10 people; 0 received compensation from the organization.
How much revenue does IBEW LOCAL 481 SUPPLEMENTAL UNEMPLOYMENT BENEFIT FUND have?
On its 990 for the year ended December 31, 2025 it reported revenue of $2,986,874, expenses of $1,414,034 and total assets of $11,066,386 at year end.

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