Ibew Local 150 Welfare Fund

150 Ibew Welfare Fund

Lansing, MI
Tax-exempt since Feb. 1959
EIN: 36-2327771

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Type of Nonprofit

Designated as a 501(c)(9) Voluntary employees' beneficiary associations, which provide payment of life, sickness, accident or other benefits to members.

Donations to this organization are not tax deductible.

Revenue

$20.3M (2023)

Expenses

$18.7M (2023)

Total Assets

$42.5M (2023)

Total Liabilities

$3.06M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Revenue

$20,316,780

Expenses

$18,664,438

Net Income

$1,652,342

Net Assets

$39,445,373

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$19,164,149	94.3%
Investment Income	$890,822	4.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$11,823	0.1%
Net Inventory Sales	$0
Other Revenue	$249,986	1.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$32,390	0.2%

Assets/Debt
Total Assets	$42,503,716
Total Liabilities	$3,058,343
Net Assets	$39,445,373

Compensation

Key Employees and Officers	Compensation	Related	Other
Anthony Arnone (Trustee)	$0	$0	$0
Christopher Schulz (Trustee)	$0	$0	$0
Jeffrey Harger (Trustee)	$0	$0	$0
Jeffrey Schwingbeck (Trustee)	$0	$4,547	$0
Lizabeth Karson (Trustee)	$0	$0	$0
Robert Bodeman (Former Trustee)	$0	$0	$0
Steve Smart (Trustee)	$0	$132,989	$69,522

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990

Filed on April 10, 2024

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Fiscal Year Ending June
2022

Revenue

$19,036,575

Expenses

$19,029,525

Net Income

$7,050

Net Assets

$35,314,345

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$17,876,498	93.9%
Investment Income	$1,053,098	5.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$12,005	0.1%
Net Inventory Sales	$0
Other Revenue	$94,974	0.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$26,613	0.1%

Assets/Debt
Total Assets	$37,972,918
Total Liabilities	$2,658,573
Net Assets	$35,314,345

Compensation

Key Employees and Officers	Compensation	Related	Other
Jeffrey Schwingbeck (Trustee)	$0	$2,688	$2,360
Patrick Serzynski (Former Trustee)	$0	$132,747	$72,427
Jeffrey Harger (Trustee)	$0	$0	$0
Lizabeth Karson (Trustee)	$0	$0	$0
Robert Bodeman (Trustee)	$0	$0	$0
Anthony Arnone (Trustee)	$0	$0	$0
Steve Smart (Trustee)	$0	$126,263	$92,524

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990

Filed on April 21, 2023

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Fiscal Year Ending June
2021

Revenue

$19,067,344

Expenses

$21,211,697

Net Income

-$2,144,353

Net Assets

$41,099,990

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$17,258,032	90.5%
Investment Income	$1,519,565	8.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$35,287	0.2%
Net Inventory Sales	$0
Other Revenue	$254,460	1.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$31,229	0.1%

Assets/Debt
Total Assets	$44,912,479
Total Liabilities	$3,812,489
Net Assets	$41,099,990

Compensation

Key Employees and Officers	Compensation	Related	Other
Jeffrey Schwingbeck (Trustee)	$0	$2,686	$0
Patrick Serzynski (Trustee)	$0	$126,702	$90,108
Jeffrey Harger (Trustee)	$0	$0	$0
Lizabeth Karson (Trustee)	$0	$0	$0
Robert Bodeman (Trustee)	$0	$0	$0
Anthony Arnone (Trustee)	$0	$0	$0

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990

Filed on April 8, 2022

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Fiscal Year Ending June
2020

Revenue

$21,198,272

Expenses

$18,732,204

Net Income

$2,466,068

Net Assets

$35,874,516

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$16,538,906	78.0%
Investment Income	$1,346,372	6.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$3,100,803	14.6%
Net Inventory Sales	$0
Other Revenue	$212,191	1.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$30,356	0.2%

Assets/Debt
Total Assets	$38,661,258
Total Liabilities	$2,786,742
Net Assets	$35,874,516

Compensation

Key Employees and Officers	Compensation	Related	Other
Jeffrey Schwingbeck (Trustee)	$0	$3,618	$0
Patrick Serzynski (Trustee)	$0	$127,096	$85,150
Jeffrey Harger (Trustee)	$0	$0	$0
Lizabeth Karson (Trustee)	$0	$0	$0
Robert Bodeman (Trustee)	$0	$0	$0
Anthony Arnone (Trustee)	$0	$0	$0

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990

Filed on April 7, 2021

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Fiscal Year Ending June
2019

Revenue

$20,952,487

Expenses

$19,725,477

Net Income

$1,227,010

Net Assets

$38,602,532

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$17,946,877	85.7%
Investment Income	$1,809,085	8.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,648	0.0%
Net Inventory Sales	$0
Other Revenue	$1,194,877	5.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$29,355	0.1%

Assets/Debt
Total Assets	$41,528,712
Total Liabilities	$2,926,180
Net Assets	$38,602,532

Compensation

Key Employees and Officers	Compensation	Related	Other
Jeffrey Schwingbeck (Trustee)	$0	$3,081	$1,123
Patrick Serzynski (Trustee)	$0	$119,641	$81,115
Jeffrey Harger (Trustee)	$0	$0	$0
Lizabeth Karson (Trustee)	$0	$0	$0
Robert Bodeman (Trustee)	$0	$0	$0
Anthony Arnone (Trustee)	$0	$0	$0

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990

Filed on April 3, 2020

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Fiscal Year Ending June
2018

Revenue

$20,359,524

Expenses

$20,458,037

Net Income

-$98,513

Net Assets

$37,309,470

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$18,717,026	91.9%
Investment Income	$916,689	4.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$288	0.0%
Net Inventory Sales	$0
Other Revenue	$725,521	3.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$28,514	0.1%

Assets/Debt
Total Assets	$41,106,782
Total Liabilities	$3,797,312
Net Assets	$37,309,470

Compensation

Key Employees and Officers	Compensation	Related	Other
Jeffrey Schwingbeck (Trustee)	$0	$1,671	$0
Patrick Serzynski (Trustee)	$0	$116,847	$76,010
Michael Bill (Former Trustee)	$0	$0	$0
Jeffrey Harger (Trustee)	$0	$0	$0
Lizabeth Karson (Trustee)	$0	$0	$0
Robert Bodeman (Trustee)	$0	$0	$0
Anthony Arnone (Trustee)	$0	$0	$0

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990

Filed on April 15, 2019

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Fiscal Year Ending June
2017

Revenue

$20,790,934

Expenses

$19,667,180

Net Income

$1,123,754

Net Assets

$36,921,217

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$19,092,499	91.8%
Investment Income	$712,236	3.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$704,463	3.4%
Net Inventory Sales	$0
Other Revenue	$281,736	1.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$27,922	0.1%

Assets/Debt
Total Assets	$39,835,378
Total Liabilities	$2,914,161
Net Assets	$36,921,217

Compensation

Key Employees and Officers	Compensation	Related	Other
Donald Carlson (Former Trustee)	$0	$31,152	$0
Jeffrey Schwingbeck (Trustee)	$0	$0	$0
Patrick Serzynski (Trustee)	$0	$112,620	$77,067
Michael Bill (Trustee)	$0	$0	$0
Jeffrey Harger (Trustee)	$0	$0	$0
Lizabeth Karson (Trustee)	$0	$0	$0
Michael Ahern (Former Trustee)	$0	$0	$0
Robert Bodeman (Trustee)	$0	$0	$0

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990

Filed on April 11, 2018

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Fiscal Year Ending June
2016

Revenue

$23,453,958

Expenses

$18,894,166

Net Income

$4,559,792

Net Assets

$33,608,374

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$22,415,784	95.6%
Investment Income	$841,478	3.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$196,696	0.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$6,333	0.0%

Assets/Debt
Total Assets	$36,896,146
Total Liabilities	$3,287,772
Net Assets	$33,608,374

Compensation

Key Employees and Officers	Compensation	Related	Other
Donald Carlson (Trustee)	$0	$114,823	$65,162
Patrick Serzynski (Trustee)	$0	$100,460	$67,016
Michael Ahern (Trustee)	$0	$0	$0
Michael Bill (Trustee)	$0	$0	$0
Jeff Harger (Trustee)	$0	$0	$0
Jeffery Schwingbeck (Trustee)	$0	$0	$0

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990

Filed on May 11, 2017

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Fiscal Year Ending June
2015

Revenue

$20,081,834

Expenses

$19,368,886

Net Income

$712,948

Net Assets

$29,371,259

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$19,138,920	95.3%
Investment Income	$562,906	2.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$380,008	1.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,402	0.0%

Assets/Debt
Total Assets	$31,822,967
Total Liabilities	$2,451,708
Net Assets	$29,371,259

Compensation

Key Employees and Officers	Compensation	Related	Other
Donald Carlson (Trustee)	$0	$109,986	$76,643
William Trevino (Trustee)	$0	$0	$0
Michael Ahern (Trustee)	$0	$0	$0
Michael Bill (Trustee)	$0	$0	$0
Jeff Harger (Trustee)	$0	$0	$0
Jeffery Schwingbeck (Trustee)	$0	$0	$0
Brian Lother (Trustee)	$0	$0	$0

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990

Filed on May 10, 2016

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Fiscal Year Ending June
2014

Revenue

$18,055,977

Expenses

$17,299,467

Net Income

$756,510

Net Assets

$28,931,665

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$17,452,663	96.7%
Investment Income	$586,410	3.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$16,904	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,093	0.0%

Assets/Debt
Total Assets	$31,122,549
Total Liabilities	$2,190,884
Net Assets	$28,931,665

Compensation

Key Employees and Officers	Compensation	Related	Other
Donalrd Carlson (Trustee)	$0	$109,154	$69,000
William Trevino (Trustee)	$0	$0	$0
Michael Ahern (Trustee)	$0	$0	$0
Michael Bill (Trustee)	$0	$0	$0
Jeff Harger (Trustee)	$0	$0	$0
Jeffery Schwingbeck (Trustee)	$0	$0	$0
Brian Lother (Trustee)	$0	$0	$0

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990

Filed on Feb. 20, 2015

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Fiscal Year Ending June
2013

Revenue

$18,622,269

Expenses

$16,629,016

Net Income

$1,993,253

Net Assets

$26,999,886

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$17,457,691	93.7%
Investment Income	$943,215	5.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$221,363	1.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$24,879	0.1%

Assets/Debt
Total Assets	$29,231,290
Total Liabilities	$2,231,404
Net Assets	$26,999,886

990

Filed on Oct. 16, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2012

Revenue

$16,481,915

Expenses

$16,283,833

Net Income

$198,082

Net Assets

$24,998,156

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$15,475,563	93.9%
Investment Income	$778,299	4.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$228,053	1.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$260	0.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$24,422	0.1%

Assets/Debt
Total Assets	$26,696,191
Total Liabilities	$1,698,035
Net Assets	$24,998,156

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending June
2011

Revenue

$16,756,768

Expenses

$17,709,465

Net Income

-$952,697

Net Assets

$24,583,697

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$16,160,677	96.4%
Investment Income	$142,738	0.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$453,353	2.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,249	0.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$54,181	0.3%

Assets/Debt
Total Assets	$26,684,337
Total Liabilities	$2,100,640
Net Assets	$24,583,697

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Ibew Local 150 Welfare Fund

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $20.3M (2023)

Expenses $18.7M (2023)

Total Assets $42.5M (2023)

Total Liabilities $3.06M (2023)

Tax Filings by Year

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending June 2022

Extracted Financial Data

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Compensation

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Fiscal Year Ending June 2021

Extracted Financial Data

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Compensation

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Fiscal Year Ending June 2020

Extracted Financial Data

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Compensation

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Fiscal Year Ending June 2019

Extracted Financial Data

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Compensation

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Fiscal Year Ending June 2018

Extracted Financial Data

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Compensation

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Fiscal Year Ending June 2017

Extracted Financial Data

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Compensation

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Fiscal Year Ending June 2016

Extracted Financial Data

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Compensation

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Fiscal Year Ending June 2015

Extracted Financial Data

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Compensation

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Fiscal Year Ending June 2014

Extracted Financial Data

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Compensation

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Fiscal Year Ending June 2013

Extracted Financial Data

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990

Fiscal Year Ending June 2012

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending June 2011

Revenue

$20.3M (2023)

Expenses

$18.7M (2023)

Total Assets

$42.5M (2023)

Total Liabilities

$3.06M (2023)

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

Fiscal Year Ending June
2010

Fiscal Year Ending June
2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007

Fiscal Year Ending June
2005