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Filing year 2024

LOCAL UNION 488 IBEW BUILDING CORPORATION

Monroe, Connecticut·EIN 26-1560789·NTEE S47 · Community Improvement & Capacity Building·501(c)(2)
Total revenue
$214k
Total assets
$4.6M
Total expenses
$349k
Reported officers
14
Mission

THIS BUILDING CORPORATION WAS CREATED FOR THE SOLE PURPOSE OF HOLDING LEGAL TITLE TO REAL ESTATE LOCATED AT 721 MAIN STREET, MONROE, CT 06468 AND ANY OTHER PROPERTY THAT MAY BE ACQUIRED, TO OPERATE AS A MEETING HALL, LOCAL HEADQUARTERS, TRAINING FACILITY AND OTHER PURPOSES FOR THE SOLE BENEFIT OF THE LABOR ORGANIZATION KNOWN AS LOCAL NO. 488 INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS (EIN: 06-0400910).

Executive compensation

Form 990 · Part VII & Schedule J · 3 reported individuals · Filing year 2024

Business Manager/fin Sec
Officer (Unspecified)
$77k
$83k
Treasurer
Officer (Unspecified)
$72k
$78k
Recording Secretary
Officer (Unspecified)
$67k
$73k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 11 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at LOCAL UNION 488 IBEW BUILDING CORPORATION equaled 22% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2024)
22%
Sector median
14%
Middle half of sector
6% to 28%

Based on 10,247 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 9%
from 2023

From $71k in 2023 to $77k in 2024.

$71k
2023
$77k
2024
In today's dollarsEst.
Up 6% in real terms$79k to $83k

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about LOCAL UNION 488 IBEW BUILDING CORPORATION

What are LOCAL UNION 488 IBEW BUILDING CORPORATION's revenue and expenses?

In 2024, LOCAL UNION 488 IBEW BUILDING CORPORATION reported $214k in total revenue and $349k in total expenses on its IRS Form 990.

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