Nonprofit · EIN 36-2327771
IBEW LOCAL 150 WELFARE FUND
Also known as 150 IBEW WELFARE FUND
Tax-exempt · LEXINGTON, KY 40503
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $26,742,100 | $19,347,421 | $7,394,679 | $52,847,177 | $2,893,287 | $49,953,890 |
| June 30, 2024 | 990 | $22,709,818 | $18,944,209 | $3,765,609 | $47,603,345 | $2,988,967 | $44,614,378 |
| June 30, 2023 | 990 | $20,316,780 | $18,664,438 | $1,652,342 | $42,503,716 | $3,058,343 | $39,445,373 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $20,783,565
- Investment income
- $5,888,440
- Net gain from sales of assets
- $4,599,184
- Other revenue
- $70,095
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $18,408,191
- Other salaries and wages
- $39,921
- Salaries, compensation and benefits (total)
- $113,982
- Professional fundraising fees
- $0
- Legal fees
- $78,946
- Accounting fees
- $30,032
Balance sheet and other
- Total assets, start of year
- $47,603,345
- Total assets, end of year
- $52,847,177
- Total liabilities, end of year
- $2,893,287
- Net assets, end of year
- $49,953,890
- Publicly traded securities
- $47,194,833
- Gross receipts
- $70,178,958
- Employees
- 44
- Volunteers
- 0
- Year formed
- 1956
- State of legal domicile
- IL
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Steve Smart | Trustee Trustee or director | 3 | $0 | $144,524 | $76,008 |
| Jeffrey Schwingbeck | Trustee Trustee or director | 3 | $0 | $5,615 | $0 |
| Anthony Arnone | Trustee Trustee or director | 3 | $0 | $0 | $0 |
| Christopher Schulz | Trustee Trustee or director | 3 | $0 | $0 | $0 |
| Jeffrey Harger | Trustee Trustee or director | 3 | $0 | $0 | $0 |
| Lizabeth Karson | Trustee Trustee or director | 3 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Steve Smart | Trustee Trustee or director | 3 | $0 | $136,528 | $103,575 |
| Jeffrey Schwingbeck | Trustee Trustee or director | 3 | $0 | $2,793 | $0 |
| Anthony Arnone | Trustee Trustee or director | 3 | $0 | $0 | $0 |
| Christopher Schulz | Trustee Trustee or director | 3 | $0 | $0 | $0 |
| Jeffrey Harger | Trustee Trustee or director | 3 | $0 | $0 | $0 |
| Lizabeth Karson | Trustee Trustee or director | 3 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Steve Smart | Trustee Trustee or director | 3 | $0 | $132,989 | $69,522 |
| Jeffrey Schwingbeck | Trustee Trustee or director | 3 | $0 | $4,547 | $0 |
| Anthony Arnone | Trustee Trustee or director | 3 | $0 | $0 | $0 |
| Christopher Schulz | Trustee Trustee or director | 3 | $0 | $0 | $0 |
| Jeffrey Harger | Trustee Trustee or director | 3 | $0 | $0 | $0 |
| Lizabeth Karson | Trustee Trustee or director | 3 | $0 | $0 | $0 |
| Robert Bodeman | Former Trustee Trustee or director | 3 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 230 LEXINGTON GREEN CIR STE 400, LEXINGTON, KY 40503-3337
- In care of
- % 150 IBEW WELFARE FUND
- Signed the 990
- STEVE SMART, TRUSTEE
- Phone
- (859) 825-6132
- Return prepared by
- Calibre CPA Group PLLC
Mission
To provide health benefits for participating members and their families
Program accomplishments
- The purpose of the Plan is to provide health and welfare benefits to members and dependents of IBEW Local 150.
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 36-2327771
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 1959
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $52,847,177
- Income (IRS master file)
- $70,178,958
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $26,742,100 | $19,347,421 | $52,847,177 | IRS |
| 990 | June 2024 | $22,709,818 | $18,944,209 | $47,603,345 | IRS |
| 990 | June 2023 | $20,316,780 | $18,664,438 | $42,503,716 | XML |
| 990 | June 2022 | $19,036,575 | $19,029,525 | $37,972,918 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 36-2327771).
Questions about IBEW LOCAL 150 WELFARE FUND
- What is the EIN of IBEW LOCAL 150 WELFARE FUND?
- The employer identification number (EIN) of IBEW LOCAL 150 WELFARE FUND is 36-2327771.
- Is IBEW LOCAL 150 WELFARE FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1959.
- Are donations to IBEW LOCAL 150 WELFARE FUND tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does IBEW LOCAL 150 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 150 WELFARE FUND due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IBEW LOCAL 150 WELFARE FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who are the officers and directors of IBEW LOCAL 150 WELFARE FUND?
- The 990 for the year ended June 30, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does IBEW LOCAL 150 WELFARE FUND have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $26,742,100, expenses of $19,347,421 and total assets of $52,847,177 at year end.
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