2024-04-26T10:44:20-05:00 2023-12-31 222951202 MSPC CPAS & ADVISORS PC 340 NORTH AVENUE EAST CRANFORD NJ 070162496 990 2023-01-01 221010215 IBEW LOCAL UNION #456 INTE 7322462122 1295 LIVINGSTON AVENUE NORTH BRUNSWICK NJ 08902 MICHAEL G MCLAUGHLIN PRESIDENT 7322462122 2024-04-26 1 MICHAEL MCLAUGHLIN 999009999 1 PATRICK M TROMBETTA CPA P00450410 9082727000 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z MICHAEL G MCLAUGHLIN 1295 LIVINGSTON AVENUE NORTH BRUNSWICK NJ 08902 7113171 0 X N/A X UNION 1915 NJ CONDUCTING OF COLLECTIVE BARGAINING ACTIVITIES ON BEHALF OF MEMBERS. 15 0 20 0 0 0 0 0 2940266 4928171 478347 917525 124347 119378 3542960 5965074 0 0 0 0 2583720 2407196 0 0 0 1529863 1710692 4113583 4117888 -570623 1847186 18313830 20414079 237712 257212 18076118 20156867 TO PROMOTE THE WELFARE OF ITS MEMBERS AND TO STRIVE TO ENHANCE THE WORKING CONDITIONS FOR ITS MEMBERS EMPLOYED IN THE ELECTRICAL CONSTRUCTION INDUSTRY. 0 0 LABOR UNION ORGANIZED TO REPRESENT ELECTRICAL WORKERS. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 20 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 0 1 0 0 0 1 1 1 1 1 0 0 1 0 0 0 0 0 0 X LOCAL UNION 7322462122 1295 LIVINGSTON AVENUE NORTH BRUNSWICK NJ 08902 MICHAEL G MCLAUGHLIN PRESIDENT 40.00 X 238998 0 133309 MICHAEL P BLACK RECORDING SECRETARY 4.00 X 3813 0 0 WARREN W SMITH TREASURER 6.00 X 5719 0 0 JOSEPH V EGAN BUSINESS MANAGER 40.00 X 272693 0 151558 DENNIS F CRONIN EXECUTIVE BOARD 3.00 X 2860 0 0 EDWARD M SOFIELD EXECUTIVE BOARD 3.00 X 2860 0 0 JOHN P SHERRY EXECUTIVE BOARD 3.00 X 2860 0 0 RICHARD SHINE JR EXECUTIVE BOARD 3.00 X 4471 0 0 ALAN BULVANOSKI BUS. REPRESENTATIVE 40.00 X 231372 0 133861 WAYNE MARTIAK SR BUS. REPRESENTATIVE 40.00 X 231372 0 141772 ANDREW BRYS VICE PRESIDENT 3.00 X 3268 0 0 KEVIN P EGAN BUS. REPRESENTATIVE 40.00 X 231372 0 133862 RICKY L CARR EXECUTIVE BOARD 3.00 X 2860 0 0 TIMOTHY MCMAHON EXECUTIVE BOARD 3.00 X 6880 0 0 BRYAN WITHAM EXECUTIVE BOARD 3.00 X 4993 0 0 1246391 0 694362 5 0 1 0 NEW BRUNSWICK ELECTRICIANS CLUB INC 1295 LIVINGSTON AVENUE NORTH BRUNSWICK NJ 08902 RENT 204939 UBS FINANCIAL SERVICES INC 500 CAMPUS DRIVE FLORHAM PARK NJ 07932 INVESTMENT FEES 123957 2 ASSESSMENTS 900099 4616367 4616367 DUES - LOCAL UNION SHARE 900099 311804 311804 4928171 383655 383655 1597467 84500 1091940 56157 505527 28343 533870 533870 OTHER INCOME 900099 119378 119378 119378 5965074 5047549 0 917525 1246391 150275 453433 466563 90534 4372 52000 147814 54579 61088 5257 204939 135924 44814 161750 76487 MARKET RECOVERY AWARDS 205000 MEMBERSHIP DEVELOPMENT 179807 DINNER TICKETS & ADVERT 99611 MEMBERSHIP AFFAIRS & EV 96339 180911 4117888 1426541 2367229 4058895 4357349 1334861 828086 551595 506775 12210120 13116047 66679 66679 18313830 20414079 237712 257212 237712 257212 X 16763788 18449928 1312330 1706939 18076118 20156867 18313830 20414079 1847186 233563 0 X X 0 1 X 1 0 1 1 0 361692 158461 203231 973169 669625 303544 506775 CONTRACTOR DEPOSITS PAYABLE 257212 257212 X 6198637 233563 233563 5965074 0 5965074 4117888 0 4117888 0 4117888 PART X, LINE 2: THE LOCAL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(5) OF THE INTERNAL REVENUE CODE. THE ACCOUNTING STANDARDS ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESS THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE LOCAL UNION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE LOCAL UNION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM A TAX POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR THE YEAR ENDED DECEMBER 31, 2023 AND 2022. THE LOCAL FILES ITS FORM 990 IN THE U.S. FEDERAL JURISDICTION AND IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR YEARS BEFORE 2020, GENERALLY FOR 3 YEARS AFTER THEY ARE FILED. X 0 0 0 JOSEPH V EGAN BUSINESS MANAGER 272693 0 0 0 0 0 103197 0 48361 0 424251 0 0 0 WAYNE MARTIAK SR BUS. REPRESENTATIVE 231372 0 0 0 0 0 87559 0 54213 0 373144 0 0 0 MICHAEL G MCLAUGHLIN PRESIDENT 238998 0 0 0 0 0 87559 0 45750 0 372307 0 0 0 KEVIN P EGAN BUS. REPRESENTATIVE 231372 0 0 0 0 0 87559 0 46303 0 365234 0 0 0 ALAN BULVANOSKI BUS. REPRESENTATIVE 231372 0 0 0 0 0 87559 0 46302 0 365233 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 JOSEPH V. EGAN AND KEVIN P. EGAN - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION A, LINE 6 IBEW LOCAL 456 HAS 851 MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS BOTH ACTIVE AND RETIRED MEMBERS WHO HAVE THE RIGHT TO VOTE AND ELECT MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS ARE SUBJECT TO THE APPROVAL OF THE EXECUTIVE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION IS PROVIDED WITH A CLIENT COPY OF THE RETURN FOR REVIEW PURPOSES PRIOR TO FILING. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990 - PART XII, LINE 2C THE EXECUTIVE BOARD OVERSEES THE AUDIT OF THE FINANCIAL STATEMENTS. NEW BRUNSWICK ELECTRICIANS CLUB INC 1295 LIVINGSTON AVENUE NORTH BRUNSWICK NJ 08902 510171128 HOLDING CORPORATION LEASES OFFICE SPACE TO THE LOCAL UNION NJ 501(C)(2) 0 IBEW LOCAL 456 JATC 1295 LIVINGSTON AVENUE NORTH BRUNSWICK NJ 08902 222103358 TO PROVIDE EDUCATION BENEFITS TO THE JATC'S PARTICIPANTS. NJ 501(C)(3) 0 HEALTH & WELFARE FUND LOCAL 456 IBEW 830 BEAR TAVERN ROAD WEST TRENTON NJ 08628 222317253 TO PROVIDE HEALTH AND WELFARE BENEFITS TO THE PARTICIPANTS. NJ 501(C)(9) 0 IBEW LOCAL 456 ELECTRICIANS ANNUITY FUND 830 BEAR TAVERN ROAD WEST TRENTON NJ 08628 222180156 TO PROVIDE ANNUITY BENEFITS TO THE PARTICIPANTS. NJ 401(A) 0 IBEW LOCAL 456 PENSION FUND 830 BEAR TAVERN ROAD WEST TRENTON NJ 08628 226238995 TO PROVIDE PENSION BENEFITS TO THE PARTICIPANTS. NJ 401(A) 0 IBEW LOCAL 456 SUPPLEMENTAL WELFARE FUND 830 BEAR TAVERN ROAD WEST TRENTON NJ 08628 200500732 TO PROVIDE SUPPLEMENTAL WELFARE BENEFITS TO THE PARTICIPANTS. NJ 501(C)(9) 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 NEW BRUNSWICK ELECTRICIANS CLUB INC K 204939 APPRAISAL