Nonprofit · EIN 35-0851694
ELECTRICAL WORKERS INSURANCE BENEFIT FUND LOCAL 481
Tax-exempt · INDIANAPOLIS, IN 46202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $62,363,827 | $49,606,433 | $12,757,394 | $213,963,110 | $425,273 | $213,537,837 |
| December 31, 2023 | 990 | $53,581,724 | $38,321,008 | $15,260,716 | $187,230,122 | $355,042 | $186,875,080 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $55,881,926
- Investment income
- $6,476,889
- Net gain from sales of assets
- $937,210
- Other revenue
- $5,012
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $47,796,632
- Compensation of officers, directors and key employees
- $68,947
- Other salaries and wages
- $350,165
- Salaries, compensation and benefits (total)
- $695,433
- Professional fundraising fees
- $0
- Legal fees
- $62,178
- Accounting fees
- $35,573
- Occupancy
- $27,725
- Travel
- $6,337
- Depreciation
- $30,673
Balance sheet and other
- Total assets, start of year
- $187,230,122
- Total assets, end of year
- $213,963,110
- Total liabilities, end of year
- $425,273
- Net assets, end of year
- $213,537,837
- Land, buildings and equipment
- $42,412
- Publicly traded securities
- $171,214,805
- Gross receipts
- $96,152,622
- Employees
- 90
- Volunteers
- 0
- Year formed
- 1949
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DAVID RAY | PLAN ADMINISTRATOR Officer | 12 | $155,400 | $0 | $79,038 |
| WHITNEY KING | ASSISTANT PLAN ADMINISTRAT Highest-paid employee | 16 | $130,219 | $0 | $76,701 |
| JEFF WHEELER | TRUSTEE Trustee or director | 1 | $0 | $123,616 | $72,436 |
| BLAKE ANDREWS | ALTERNATE TRUSTEE Trustee or director | 1 | $0 | $117,300 | $70,398 |
| CHRIS GRIDER | TRUSTEE Trustee or director | 1 | $0 | $9,000 | $4,502 |
| CARL WILLIAMS | TRUSTEE Trustee or director | 1 | $0 | $3,453 | $2,090 |
| ANDREW WILLIAMS | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JIM TSAREFF | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| TIM WHICKER | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| LARRY VAN TRIES | ALTERNATE TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DAVID RAY | PLAN ADMINISTRATOR Highest-paid employee | 12 | $150,867 | $0 | $77,462 |
| JEFF WHEELER | TRUSTEE Trustee or director | 1 | $0 | $113,264 | $70,833 |
| BLAKE ANDREWS | ALTERNATE TRUSTEE Trustee or director | 1 | $0 | $107,484 | $68,883 |
| WHITNEY KING | ASSISTANT PLAN ADMINISTRATOR Highest-paid employee | 16 | $105,868 | $0 | $64,229 |
| CHRIS GRIDER | TRUSTEE Trustee or director | 1 | $0 | $6,886 | $3,831 |
| CARL WILLIAMS | TRUSTEE Trustee or director | 1 | $0 | $1,481 | $0 |
| ANDREW WILLIAMS | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JIM TSAREFF | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| TIM WHICKER | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| LARRY VAN TRIES | ALTERNATE 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
- Principal officer (990 for 2024)
- DAVID RAY, 1828 N MERIDIAN ST 103, INDIANAPOLIS, IN 46202
- Signed the 990
- DAVID RAY, PLAN ADMINISTRATOR
- Phone
- (317) 923-4577
- Return prepared by
- LEGACY PROFESSIONALS LLP
Mission
PROVIDE HEALTH BENEFITS
Program accomplishments
- TO PROVIDE HEALTH AND WELFARE, LONG-TERM DISABILITY AND DEATH BENEFIT TO MEMBERS AND THEIR DEPENDENTS.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 35-0851694
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 1974
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $213,963,110
- Income (IRS master file)
- $96,152,622
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $62,363,827 | $49,606,433 | $213,963,110 | XML |
| 990 | December 2023 | $53,581,724 | $38,321,008 | $187,230,122 | XML |
| 990 | December 2022 | $43,680,458 | $38,970,881 | $158,526,300 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 35-0851694).
Questions about ELECTRICAL WORKERS INSURANCE BENEFIT FUND LOCAL 481
- What is the EIN of ELECTRICAL WORKERS INSURANCE BENEFIT FUND LOCAL 481?
- The employer identification number (EIN) of ELECTRICAL WORKERS INSURANCE BENEFIT FUND LOCAL 481 is 35-0851694.
- Is ELECTRICAL WORKERS INSURANCE BENEFIT FUND LOCAL 481 tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1974.
- Are donations to ELECTRICAL WORKERS INSURANCE BENEFIT FUND LOCAL 481 tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ELECTRICAL WORKERS INSURANCE BENEFIT FUND LOCAL 481 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 ELECTRICAL WORKERS INSURANCE BENEFIT FUND LOCAL 481 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 ELECTRICAL WORKERS INSURANCE BENEFIT FUND LOCAL 481 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 ELECTRICAL WORKERS INSURANCE BENEFIT FUND LOCAL 481?
- The 990 for the year ended December 31, 2024 names DAVID RAY.
- Who are the officers and directors of ELECTRICAL WORKERS INSURANCE BENEFIT FUND LOCAL 481?
- The 990 for the year ended December 31, 2024 lists 10 people; 2 received compensation from the organization, the highest $155,400 (DAVID RAY, PLAN ADMINISTRATOR).
- How much revenue does ELECTRICAL WORKERS INSURANCE BENEFIT FUND LOCAL 481 have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $62,363,827, expenses of $49,606,433 and total assets of $213,963,110 at year end.
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