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Ibew Electrial Workers General Welfare Fund

Organization summary

Type of Nonprofit

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

Summary charts: organization finances over time

Revenue
$39.2M (2023)

Expenses
$37.7M (2023)

Total Assets
$71.8M (2023)

Total Liabilities
$17.6M (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 May
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$39,203,468
Expenses
$37,658,389
Net Income
$1,545,079
Net Assets
$54,188,914
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $36,887,493
94.1%
Investment Income $907,579
2.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,001,741
2.6%
Net Inventory Sales $0
Other Revenue $406,655
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $25,469
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $742,316
2.0%
Assets/Debt
Total Assets $71,798,347
Total Liabilities $17,609,433
Net Assets $54,188,914
Compensation
Key Employees and Officers Compensation Related Other
Terry Musto (Fund Administrator) $211,792 $0 $34,711
Brian Benson (Asst Administrator) $127,412 $3,064 $90,873
John Mcdonnell (Trustee) $5,632 $0 $4,613
William Drew (Trustee) $5,185 $8,302 $6,008
Robert Panatera (Trustee) $3,152 $1,485 $2,627
Sharon Cattaneo (Trustee) $0 $0 $0
Anthony Mulizio (Trustee) $0 $0 $0
Frank Furco (Former Trustee) $0 $141,400 $69,391
Kevin Connelly (Trustee) $0 $0 $0
Anthony Giunti (Trustee) $0 $157,873 $114,704
Giuseppe Muzzupappa (Trustee) $0 $0 $0
Bruce Creen (Former Trustee) $0 $0 $0
Frank Gravina (Trustee) $0 $164,976 $108,237

Document Links

Fiscal Year Ending May
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$40,331,869
Expenses
$37,202,125
Net Income
$3,129,744
Net Assets
$54,647,607
Notable Sources of Revenue Percent of Total Revenue
Contributions $206,000
0.5%
Program Services $35,572,090
88.2%
Investment Income $897,703
2.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $3,260,223
8.1%
Net Inventory Sales $0
Other Revenue $395,853
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $24,662
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $765,330
2.1%
Assets/Debt
Total Assets $73,034,373
Total Liabilities $18,386,766
Net Assets $54,647,607
Compensation
Key Employees and Officers Compensation Related Other
Terry Musto (Fund Administrator) $203,161 $0 $36,383
Brian Benson (Asst Administrator) $123,924 $3,002 $82,176
John Mcdonnell (Trustee) $3,678 $0 $2,996
Robert Panatera (Trustee) $3,382 $2,035 $2,817
William Drew (Trustee) $2,953 $5,211 $2,574
Sharon Cattaneo (Trustee) $0 $0 $0
Anthony Mulizio (Trustee) $0 $0 $0
Frank Furco (Trustee) $0 $153,327 $113,773
Kevin Connelly (Trustee) $0 $0 $0
Anthony Giunti (Trustee) $0 $147,665 $109,322
Giuseppe Muzzupappa (Trustee) $0 $0 $0
Bruce Creen (Trustee) $0 $0 $0
Francis Sikora (Former Trustee) $0 $0 $0

Document Links

Fiscal Year Ending May
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$35,325,551
Expenses
$34,945,668
Net Income
$379,883
Net Assets
$56,220,981
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $33,780,128
95.6%
Investment Income $1,095,602
3.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $70,447
0.2%
Net Inventory Sales $0
Other Revenue $379,374
1.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $14,404
0.0%
Professional Fundraising Fees $0
Other Salaries and Wages $736,468
2.1%
Assets/Debt
Total Assets $73,479,302
Total Liabilities $17,258,321
Net Assets $56,220,981
Compensation
Key Employees and Officers Compensation Related Other
Terry Musto (Fund Administrator) $213,281 $0 $36,240
Brian Benson (Asst Administrator) $125,781 $2,973 $78,772
William Drew (Trustee) $3,301 $6,414 $2,635
John Mcdonnell (Trustee) $3,140 $0 $2,014
Robert Panatera (Trustee) $1,660 $2,775 $1,421
Sharon Cattaneo (Trustee) $0 $0 $0
Anthony Mulizio (Trustee) $0 $0 $0
Frank Furco (Trustee) $0 $152,475 $111,195
Brian Haug (Former Trustee) $0 $0 $0
Kevin Connelly (Trustee) $0 $0 $0
Anthony Giunti (Trustee) $0 $146,031 $106,793
Francis Sikora (Trustee) $0 $0 $0
Bruce Creen (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending May
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$37,403,151
Expenses
$35,986,400
Net Income
$1,416,751
Net Assets
$47,897,068
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $35,213,132
94.1%
Investment Income $903,942
2.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $887,474
2.4%
Net Inventory Sales $0
Other Revenue $398,603
1.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $22,943
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $750,345
2.1%
Assets/Debt
Total Assets $64,383,999
Total Liabilities $16,486,931
Net Assets $47,897,068
Compensation
Key Employees and Officers Compensation Related Other
Terry Musto (Fund Administrator) $199,433 $0 $35,176
Brian Benson (Asst Administrator) $119,140 $2,937 $74,852
Robert Panatera (Trustee) $5,549 $2,980 $4,469
William Drew (Trustee) $5,062 $5,631 $4,114
John Mcdonnell (Trustee) $3,823 $0 $2,966
Sharon Cattaneo (Trustee) $0 $0 $0
Anthony Mulizio (Trustee) $0 $0 $0
Frank Furco (Trustee) $0 $150,771 $104,358
Brian Haug (Trustee) $0 $0 $0
Kevin Connelly (Trustee) $0 $0 $0
Anthony Giunti (Trustee) $0 $142,015 $100,184
Francis Sikora (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending May
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$36,504,768
Expenses
$34,525,027
Net Income
$1,979,741
Net Assets
$45,566,507
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $35,176,490
96.4%
Investment Income $960,784
2.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $367,494
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $17,638
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $735,982
2.1%
Assets/Debt
Total Assets $61,468,371
Total Liabilities $15,901,864
Net Assets $45,566,507
Compensation
Key Employees and Officers Compensation Related Other
Terry Musto (Fund Administrator) $197,360 $0 $35,082
Brian Benson (Asst Administrator) $115,734 $2,879 $72,453
John Mcdonnell (Trustee) $4,787 $0 $3,718
Robert Panatera (Trustee) $4,537 $2,695 $3,522
William Drew (Trustee) $3,061 $5,673 $2,646
Sharon Cattaneo (Trustee) $0 $0 $0
Anthony Mulizio (Trustee) $0 $0 $0
Frank Furco (Trustee) $0 $145,420 $100,708
Brian Haug (Trustee) $0 $0 $0
Kevin Connelly (Trustee) $0 $0 $0
Anthony Giunti (Trustee) $0 $139,349 $96,612
Francis Sikora (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending May
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$36,733,912
Expenses
$34,138,351
Net Income
$2,595,561
Net Assets
$42,189,623
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $35,607,134
96.9%
Investment Income $760,899
2.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $365,879
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $21,254
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $736,066
2.2%
Assets/Debt
Total Assets $57,990,587
Total Liabilities $15,800,964
Net Assets $42,189,623
Compensation
Key Employees and Officers Compensation Related Other
Terry Musto (Fund Administrator) $195,040 $0 $34,850
Brian Benson (Asst Administrator) $112,709 $2,811 $69,938
Robert Panatera (Trustee) $4,705 $3,007 $3,607
John Mcdonnell (Trustee) $3,893 $0 $3,024
William Drew (Trustee) $3,407 $5,856 $3,860
Sharon Cattaneo (Trustee) $0 $0 $0
Anthony Mulizio (Trustee) $0 $0 $0
Frank Furco (Trustee) $0 $140,581 $94,198
Brian Haug (Trustee) $0 $0 $0
Kevin Connelly (Trustee) $0 $0 $0
Anthony Giunti (Trustee) $0 $134,115 $90,295
Francis Sikora (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending May
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$36,542,155
Expenses
$34,735,712
Net Income
$1,806,443
Net Assets
$37,666,148
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $34,849,803
95.4%
Investment Income $605,641
1.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $696,815
1.9%
Net Inventory Sales $0
Other Revenue $389,896
1.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $21,795
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $801,519
2.3%
Assets/Debt
Total Assets $52,477,687
Total Liabilities $14,811,539
Net Assets $37,666,148
Compensation
Key Employees and Officers Compensation Related Other
Terry Musto (Fund Administrator) $132,577 $0 $24,548
Brian Benson (Asst Administrator) $112,399 $2,789 $63,156
John Mcdonnell (Trustee) $3,688 $3,700 $4,645
William Drew (Trustee) $3,290 $10,415 $5,357
Robert Panatera (Trustee) $3,165 $2,385 $2,325
Sharon Cattaneo (Trustee) $0 $0 $0
Anthony Mulizio (Trustee) $0 $0 $0
Frank Furco (Trustee) $0 $140,338 $86,324
Brian Haug (Trustee) $0 $0 $0
Kevin Connelly (Trustee) $0 $0 $0
Anthony Giunti (Trustee) $0 $134,489 $83,381
Francis Sikora (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending May
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$30,096,844
Expenses
$34,521,419
Net Income
-$4,424,575
Net Assets
$35,447,672
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $28,628,101
95.1%
Investment Income $686,750
2.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $454,613
1.5%
Net Inventory Sales $0
Other Revenue $327,380
1.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $17,341
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $870,065
2.5%
Assets/Debt
Total Assets $46,162,977
Total Liabilities $10,715,305
Net Assets $35,447,672
Compensation
Key Employees and Officers Compensation Related Other
Catherine Wenskus (Fund Administrator) $155,910 $0 $24,525
Brian Benson (Asst Administrator) $112,344 $2,772 $59,775
John Mcdonnell (Trustee) $3,864 $0 $2,282
Robert Panatera (Trustee) $3,609 $0 $2,210
William Drew (Trustee) $3,312 $7,439 $3,480
Sharon Cattaneo (Trustee) $0 $0 $0
Anthony Mulizio (Trustee) $0 $0 $0
Frank Furco (Trustee) $0 $142,827 $85,266
Brian Haug (Trustee) $0 $0 $0
Kevin Connelly (Trustee) $0 $0 $0
Anthony Giunti (Trustee) $0 $137,252 $81,495
Francis Sikora (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending May
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$29,460,075
Expenses
$32,612,122
Net Income
-$3,152,047
Net Assets
$40,744,745
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $26,092,283
88.6%
Investment Income $765,999
2.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $2,250,130
7.6%
Net Inventory Sales $0
Other Revenue $351,663
1.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $23,462
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $868,848
2.7%
Assets/Debt
Total Assets $51,494,137
Total Liabilities $10,749,392
Net Assets $40,744,745
Compensation
Key Employees and Officers Compensation Related Other
Catherine Wenskus (Fund Administrator) $152,450 $0 $28,405
Brian Benson (Asst Administrator) $108,869 $2,718 $57,438
John Mcdonnell (Trustee) $6,347 $0 $3,338
William Drew (Trustee) $5,089 $5,248 $3,531
Robert Panatera (Trustee) $4,547 $0 $2,735
Sharon Cattaneo (Trustee) $0 $0 $0
Anthony Mulizio (Trustee) $0 $0 $0
Frank Furco (Trustee) $0 $136,939 $79,786
Brian Haug (Trustee) $0 $0 $0
Kevin Connelly (Trustee) $0 $0 $0
Anthony Giunti (Trustee) $0 $124,143 $72,766
Dan Fitzgibbons (Fmr Trustee) $0 $0 $0
Francis Sikora (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending May
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$32,439,775
Expenses
$29,798,609
Net Income
$2,641,166
Net Assets
$45,060,225
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $26,538,354
81.8%
Investment Income $490,834
1.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $5,077,131
15.7%
Net Inventory Sales $0
Other Revenue $333,456
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $20,768
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $799,442
2.7%
Assets/Debt
Total Assets $54,413,187
Total Liabilities $9,352,962
Net Assets $45,060,225
Compensation
Key Employees and Officers Compensation Related Other
Catherine Wenskus (Fund Administrator) $151,883 $0 $29,295
Brian Benson (Asst Administrator) $100,508 $0 $63,975
John Mcdonnell (Trustee) $5,358 $0 $3,565
William Drew (Trustee) $3,550 $5,419 $2,741
Robert Panaterra (Trustee) $3,399 $0 $2,293
Sharon Cattaneo (Trustee) $0 $0 $0
Anthony Mulizio (Trustee) $0 $0 $0
Frank Furco (Trustee) $0 $133,164 $75,984
Brian Haug (Trustee) $0 $0 $0
Kevin Connelly (Trustee) $0 $0 $0
Anthony Giunti (Trustee) $0 $119,602 $68,740
Dan Fitzgibbons (Trustee) $0 $0 $0
Martin Levine (Frmr Trustee) $0 $0 $0

Document Links

Fiscal Year Ending May
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$26,329,830
Expenses
$25,981,123
Net Income
$348,707
Net Assets
$44,813,399
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $25,645,067
97.4%
Investment Income $498,963
1.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$108,911
Net Inventory Sales $0
Other Revenue $294,711
1.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $24,758
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $775,031
3.0%
Assets/Debt
Total Assets $53,854,277
Total Liabilities $9,040,878
Net Assets $44,813,399

Document Links

Fiscal Year Ending May
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$25,490,109
Expenses
$27,592,510
Net Income
-$2,102,401
Net Assets
$40,717,852
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $26,263,128
> 100%
Investment Income $283,236
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$1,378,287
Net Inventory Sales $0
Other Revenue $322,032
1.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $26,558
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $809,120
2.9%
Assets/Debt
Total Assets $50,615,018
Total Liabilities $9,897,166
Net Assets $40,717,852

Document Links

Fiscal Year Ending May
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$23,324,799
Expenses
$23,868,702
Net Income
-$543,903
Net Assets
$41,691,384
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $24,439,031
> 100%
Investment Income $210,990
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$1,632,384
Net Inventory Sales $0
Other Revenue $307,162
1.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $17,332
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $811,908
3.4%
Assets/Debt
Total Assets $50,696,155
Total Liabilities $9,004,771
Net Assets $41,691,384

Document Links

Fiscal Year Ending May
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending May
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending May
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending May
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending May
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending May
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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