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Ibew 124 Vacation And Holiday Trust 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.

Donations to this organization are not tax deductible.

Details

According to its Aug. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$12.3M (2023)

Expenses
$10.3M (2023)

Total Assets
$10.8M (2023)

Total Liabilities
$64.8k (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 Aug.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,262,598
Expenses
$10,305,679
Net Income
$1,956,919
Net Assets
$10,714,483
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,099,459
98.7%
Investment Income $132,953
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $28,758
0.2%
Net Inventory Sales $0
Other Revenue $1,428
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,779,270
Total Liabilities $64,787
Net Assets $10,714,483
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Kenneth C Borden (Chairman, Employer Trustee) $0 $0 $0
Bo Moreno (Secretary, Union Trustee) $0 $0 $0
Todd Howerton (Union Trustee) $0 $0 $0
Troy Yates (Employer Trustee) $0 $0 $0
Christopher Barnes (Union Trustee) $0 $0 $0
Rita Baslock (Employer Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,126,095
Expenses
$8,884,825
Net Income
$1,241,270
Net Assets
$8,668,756
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,113,181
99.9%
Investment Income $11,823
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,091
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $8,746,251
Total Liabilities $77,495
Net Assets $8,668,756
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Kenneth C Borden (Chairman, Employer Trustee) $0 $0 $0
Bo Moreno (Secretary, Union Trustee) $0 $0 $0
Todd Howerton (Union Trustee) $0 $0 $0
Troy Yates (Employer Trustee) $0 $0 $0
Christopher Barnes (Union Trustee) $0 $0 $0
Rita Baslock (Employer Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,580,106
Expenses
$8,134,502
Net Income
$445,604
Net Assets
$7,427,486
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,567,522
99.9%
Investment Income $964
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $11,620
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $7,490,902
Total Liabilities $63,416
Net Assets $7,427,486
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Kenneth C Borden (Chairman, Employer Trustee) $0 $0 $0
Bo Moreno (Secretary, Union Tr. As Of 7/31/21) $0 $0 $0
John Fennesy (Secretary, Union Tr. Until 7/31/21) $0 $0 $0
Todd Howerton (Union Trustee) $0 $0 $0
Troy Yates (Employer Trustee) $0 $0 $0
Christopher Barnes (Union Trustee) $0 $0 $0
Rita Baslock (Employer Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,870,159
Expenses
$8,618,132
Net Income
$252,027
Net Assets
$6,981,882
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,813,573
99.4%
Investment Income $54,160
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,426
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $7,016,744
Total Liabilities $34,862
Net Assets $6,981,882
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
John Fennesy (Chairman, Union Trustee) $0 $124,368 $37,468
Travis Wright (Union Trustee) $0 $4,943 $71
Kenneth C Borden (Secretary, Employer Truste) $0 $0 $0
Troy Yates (Employer Trustee) $0 $0 $0
Gregory Cianciolo (Union Trustee) $0 $10,580 $4,158
Rita Baslock (Employer Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,959,964
Expenses
$7,400,373
Net Income
$559,591
Net Assets
$6,729,855
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,880,925
99.0%
Investment Income $76,807
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,232
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $6,769,528
Total Liabilities $39,673
Net Assets $6,729,855

Document Links

Fiscal Year Ending Aug.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,473,589
Expenses
$8,105,507
Net Income
-$631,918
Net Assets
$6,170,264
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,416,506
99.2%
Investment Income $55,962
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,121
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $6,220,035
Total Liabilities $49,771
Net Assets $6,170,264
Compensation
Key Employees and Officers Compensation Related Other
John Fennesy (Chairman, Union Trustee) $0 $0 $0
Travis Wright (Union Trustee) $0 $0 $0
Kenneth C Borden (Secretary, Employer Trustee) $0 $0 $0
Neal Farnsworth (Employer Trustee) $0 $0 $0
Dick A Shaw (Employer Trustee) $0 $0 $0
Gregory Cianciolo (Union Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,264,467
Expenses
$7,365,889
Net Income
$898,578
Net Assets
$6,802,182
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,243,036
99.7%
Investment Income $20,755
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $676
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $6,855,235
Total Liabilities $53,053
Net Assets $6,802,182
Compensation
Key Employees and Officers Compensation Related Other
Terral S Akins (Chairman, Union Trustee) $0 $0 $0
Rudy Chavez (Union Trustee) $0 $0 $0
Travis Wright (Union Trustee) $0 $0 $0
Kenneth C Borden (Chairman, Secretary, Employer Truste) $0 $0 $0
Neal Farnsworth (Employer Trustee) $0 $0 $0
Dick A Shaw (Employer Trustee) $0 $0 $0
John Fennesy (Secretary, Union Trustee) $0 $0 $0
Gregory Cianciolo (Union Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,152,779
Expenses
$7,451,942
Net Income
-$299,163
Net Assets
$5,903,604
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,141,174
99.8%
Investment Income $10,294
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,311
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $6,016,842
Total Liabilities $113,238
Net Assets $5,903,604
Compensation
Key Employees and Officers Compensation Related Other
Terral S Akins (Chairman, Union Trustee) $0 $0 $0
Rudy Chavez (Union Trustee) $0 $0 $0
Travis Wright (Union Trustee) $0 $0 $0
Kenneth C Borden (Secretary, Employer Trustee) $0 $0 $0
Neal Farnsworth (Employer Trustee) $0 $0 $0
Dick A Shaw (Employer Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,587,854
Expenses
$8,108,121
Net Income
-$520,267
Net Assets
$6,202,767
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,584,192
100.0%
Investment Income $3,368
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $294
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $6,347,184
Total Liabilities $144,417
Net Assets $6,202,767
Compensation
Key Employees and Officers Compensation Related Other
Terral S Akins (Chairman, Trustee) $0 $0 $0
Rudy Chavez (Trustee) $0 $0 $0
Travis Wright (Trustee) $0 $0 $0
Kenneth C Borden (Secretary, Trustee) $0 $0 $0
Neal Farnsworth (Trustee) $0 $0 $0
Dick A Shaw (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,041,801
Expenses
$7,150,641
Net Income
$891,160
Net Assets
$6,723,034
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,038,895
100.0%
Investment Income $1,787
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,119
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $16,241
0.2%
Assets/Debt
Total Assets $6,858,880
Total Liabilities $135,846
Net Assets $6,723,034
Compensation
Key Employees and Officers Compensation Related Other
Terral S Akins (Chairman, Trustee) $0 $0 $0
Rudy Chavez (Trustee) $0 $0 $0
Kenneth C Borden (Secretary, Trustee) $0 $0 $0
Neal Farnsworth (Trustee) $0 $0 $0
Dick A Shaw (Trustee) $0 $0 $0
James Lynch (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,028,668
Expenses
$6,673,871
Net Income
$354,797
Net Assets
$5,831,874
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,022,181
99.9%
Investment Income $3,094
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,393
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $20,913
0.3%
Assets/Debt
Total Assets $5,987,612
Total Liabilities $155,738
Net Assets $5,831,874

Document Links

Fiscal Year Ending Aug.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,455,684
Expenses
$6,390,746
Net Income
$64,938
Net Assets
$160,446
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,449,440
99.9%
Investment Income $6,244
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $22,512
0.4%
Assets/Debt
Total Assets $5,619,453
Total Liabilities $5,459,007
Net Assets $160,446

Document Links

Fiscal Year Ending Aug.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,929,317
Expenses
$6,084,174
Net Income
-$154,857
Net Assets
$95,508
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,920,912
99.9%
Investment Income $8,405
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,191,916
Total Liabilities $5,096,408
Net Assets $95,508

Document Links

Fiscal Year Ending Aug.
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 Aug.
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 Aug.
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 Aug.
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 Aug.
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 Aug.
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

Fiscal Year Ending Aug.
2004

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.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • 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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