Civic Intelligence

Ibew Local 57 Building Corp

EIN 23-7032907 • 501(c)5 • Salt Lake City, UT

Profile

A building used exclusively for the local for office and meeting purposes.

3400 W 2100 S Suite STE BSalt Lake City, UT 84119

www.ibew57.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2022

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2022

Top Officer Pay

100th percentile

$238,428

Higher top officer pay than 100% of similar nonprofits.

501(c)5 • <$500k nonprofits • Source year 2022

Asset Growth

5th percentile

-100%

Faster asset growth than 5% of similar nonprofits.

501(c)5 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

501(c)5 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$2,071,297

Up $889,721 (+75%) from 2019

Liabilities

Flat

$0

Flat from 2019

Net Assets

Up

$2,071,297

Up $889,721 (+75%) from 2019

Revenue

Up

$982,764

Up $922,764 (+1538%) from 2019

Expenses

Down

$70,302

Down $15,820 (-18%) from 2019

Net Income

Up

$912,462

Up $938,584 (+3593%) from 2019

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2015: $1,232,599Liabilities 2015: $0Net Assets 2015: $1,232,5992015Assets 2016: $1,221,889Liabilities 2016: $0Net Assets 2016: $1,221,8892016Assets 2017: $1,202,910Liabilities 2017: $0Net Assets 2017: $1,202,9102017Assets 2018: $1,207,698Liabilities 2018: $0Net Assets 2018: $1,207,6982018Assets 2019: $1,181,576Liabilities 2019: $0Net Assets 2019: $1,181,5762019Assets 2021: $2,071,297Liabilities 2021: $0Net Assets 2021: $2,071,2972021

Highlighted filing

2021

Assets$2,071,297
Liabilities$0
Net Assets$2,071,297

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2015: -$4,541Expenses 2015: $0Net Income 2015: -$4,5412015Revenue 2016: -$10,710Expenses 2016: $0Net Income 2016: -$10,7102016Revenue 2017: -$18,979Expenses 2017: $0Net Income 2017: -$18,9792017Revenue 2018: $78,767Expenses 2018: $73,979Net Income 2018: $4,7882018Revenue 2019: $60,000Expenses 2019: $86,122Net Income 2019: -$26,1222019Revenue 2021: $982,764Expenses 2021: $70,302Net Income 2021: $912,4622021

Highlighted filing

2021

Revenue$982,764
Expenses$70,302
Net Income$912,462

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.2
Gross Receipts
$1,765,000
Mission and Program Overview

Mission

The organization provides its building to be used exclusively for the local union's management and meeting purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$0$1,714,269▲ $1,714,269
Pd in Cap Srpls Land Bldg Eqp Fund$553,285$1,465,747▲ $912,462
Land, Buildings, and Equipment, Net$806,404$0▼ $806,404
Cap Stk Tr Prin Current Funds$605,550$605,550→ $0
Cash and Non-Interest-Bearing Accounts$357,431$344,880▼ $12,551
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$1,163,835$2,071,297▲ $907,462
Other Assets Total$0$12,148▲ $12,148
Liabilities
Other Liabilities$5,000$0▼ $5,000
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$5,000$0▼ $5,000
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,158,835$2,071,297▲ $912,462
Total Liabilities and Net Assets / Fund Balance$1,163,835$2,071,297▲ $907,462
Compensation and Service Providers

Employees

NameTitleOtherTotal
Calvin OckeyVice President$7,234$7,234
Tom CarterTreasurer$2,794$2,794
Dean EllisRecording Secretary$1,817$1,817

Board Members and Trustees

NameTitle
Willie MurninPresident
Kevin OwenBusiness Manager
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$40,000
Investment Income
$942,764
Other Revenue
$0
Change in Net Assets
$912,462
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$70,302
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy---$45,690
Depreciation Depletion---$24,168
Office Expenses---$444
Total Functional Expenses$0$0$0$70,302
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Classes of members or stockholders: the organization's sole member is the international brotherhood of electrical workers, doing business as ibew local union 57. Ibew local union 57 elects/appoints the members of the governing body and must approve any changes to the governing documents of ibew local 57 building corp.

Form 990, Part VI, Section B, Line 11B

Organization's process is to review 990: the form 990 is reviewed and signed by the business manager/financial secretary and reviewed by the president and all members of the organization's governing body before it is filed. The form 990 is available for public inspection upon request.

Form 990, Part VI, Section C, Line 19

Governing documents disclosure expanation: the organization makes its governing documents and financial statements available to the public for inspection upon request.

Filing and Contact Details

Filer

Filer Name
Ibew Local 57 Building Corp
EIN
23-7032907
In Care Of
% IBEW LOCAL 57 BUILDING CORP
Phone
8012705757
Address
3400 W 2100 S Suite STE B, SALT LAKE CITY, UT 84119

Signing Officer

Name
Kevin Owen
Title
Business Manager
Phone
8012705757
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Owen
Formed
1960
Legal Domicile
Ut
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Forvis Llp
Address
250 E 200 S SUITE 1200, SALT LAKE CITY, UT 84111
Preparer
Adam R Smith CPA
Phone
8015319100
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

Description of change in program service: ibew local 57 building corporation sold the building they were renting to ibew local #57 and are no longer renting any buildings.

Form 990, Part XII, Line 1

Ibew local 57 building corp uses modified cash accounting method.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0234229
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0ESTABLISHING COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR: COMPENSATION FOR THE CEO/EXECUTIVE DIRECTOR IS PAID THROUGH INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 57, A RELATED ORGANIZATION. ALL EMPLOYEE WAGES ARE REVIEWED AND APPROVED BY THE BUSINESS MANAGER/FINANCIAL SECRETARY.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule J, Part I, Line 3
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IRS990ScheduleN/DirectorOfSuccessor2Ind0false
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0BUILDING
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02021-10-13
IRS990ScheduleN/DispositionOfAssetsDetail/EIN0870560696
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt01725000
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt0Government
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0Cost
IRS990ScheduleN/DispositionOfAssetsDetail/PersonNm0City of Taylorsville
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt02600 W Taylorsville Blvd
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0Taylorsville
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd0UT
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd084129
IRS990ScheduleN/EmployeeOfSuccessor2Ind0false
IRS990ScheduleN/OwnerOfSuccessor2Ind0false
IRS990ScheduleN/ReceiveCompensation2Ind0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION OF CHANGE IN PROGRAM SERVICE: IBEW LOCAL 57 BUILDING CORPORATION SOLD THE BUILDING THEY WERE RENTING TO IBEW LOCAL #57 AND ARE NO LONGER RENTING ANY BUILDINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CLASSES OF MEMBERS OR STOCKHOLDERS: THE ORGANIZATION'S SOLE MEMBER IS THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS, DOING BUSINESS AS IBEW LOCAL UNION 57. IBEW LOCAL UNION 57 ELECTS/APPOINTS THE MEMBERS OF THE GOVERNING BODY AND MUST APPROVE ANY CHANGES TO THE GOVERNING DOCUMENTS OF IBEW LOCAL 57 BUILDING CORP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZATION'S PROCESS IS TO REVIEW 990: THE FORM 990 IS REVIEWED AND SIGNED BY THE BUSINESS MANAGER/FINANCIAL SECRETARY AND REVIEWED BY THE PRESIDENT AND ALL MEMBERS OF THE ORGANIZATION'S GOVERNING BODY BEFORE IT IS FILED. THE FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS DISCLOSURE EXPANATION: THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC FOR INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4IBEW LOCAL 57 BUILDING CORP USES MODIFIED CASH ACCOUNTING METHOD.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 1
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NONE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0IBEW LOCAL UNION 57
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0870142680
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(5)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0UT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0UNION DUES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt03400 W 2100 S STE B
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SALT LAKE CITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0UT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd084119
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0true
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0true
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0true
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01163835
IRS990/TotalAssetsEOYAmt02071297
IRS990/TotalAssetsGrp/BOYAmt01163835
IRS990/TotalAssetsGrp/EOYAmt02071297
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt070302
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05000
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt05000
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01158835
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02071297
IRS990/TotalOtherCompensationAmt056962
IRS990/TotalProgramServiceRevenueAmt040000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0942764
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt040000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0982764
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01163835
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02071297
IRS990/TotReportableCompRltdOrgAmt0189112
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03400 W 2100 S STE B
IRS990/USAddress/CityNm0SALT LAKE CITY
IRS990/USAddress/StateAbbreviationCd0UT
IRS990/USAddress/ZIPCd084119
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.IBEW57.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KEVIN OWEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BUSINESS MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum08012705757
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IBEW LOCAL 57 BUILDING CORP
ReturnHeader/Filer/BusinessNameControlTxt0IBEW

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