Ibew Local 701 Needy Members Fund

Nonprofit profile at a glance

EIN
262623050
IRS 990-EZ coverage
2021–2025
Forms available
Form 990-EZ 2025
Location
Warrenville, IL, USA
Phone
6303931701
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Human Service Organizations

Reported finances

Revenue
$85,127
Expenses
$32,629
Assets
$341,310
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • ANTHONY GIUNTI (FORMER PRESIDENT)
  • FRANK GRAVINA (PRESIDENT)

People named in this filing

  • ANTHONY GIUNTI (FORMER PRESIDENT)
  • BRIAN BENSON (TREASURER)
  • FRANK GRAVINA (PRESIDENT)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The purpose of the ibew local 701 needy members fund is to establish, maintain and administer a fund which will provide financial assistance to ibew electrical workers and their families in times of need brought about by medical or personal misfortunes.

What it reported doing in 2025

The organization provides financial assistance to ibew electrical workers and their families in times of need brought about by medical or personal misfortunes.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 62
  • Transparency & Controls: 82
  • Sustainability: 85
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 42.3%; rating input score 42
  • Program expense ratio: 94.9%; rating input score 95

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 61.7%; rating input score 93; 93rd percentile among comparable filings
  • Total-asset coverage ratio: 10.46; rating input score 92; 92nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 22.1% per year; rating input score 100; 83rd percentile among comparable filings
  • Revenue growth: 15.9% per year; rating input score 100; 87th percentile among comparable filings
  • Asset growth: 13.5% per year; rating input score 100; 77th percentile among comparable filings

Details

  • Where the money goes: 42.3% of revenue deployed · 94.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $31K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2021 to 2025
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 42/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.