Ibew Local Union 697 Sub Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 456,951 | 308,142 | 148,809 | 89.1 | 10% |
| 2020 | 281,693 | 813,878 | −532,185 | 25.9 | 4% |
| 2021 | 459,049 | 231,610 | 227,439 | 102.7 | 12% |
| 2022 | 541,525 | 144,762 | 396,763 | 191.3 | 16% |
| 2023 | 553,791 | 299,424 | 254,367 | 105.5 | 9% |
In its most recent public year (2023), this organization brought in $254,367 more than it spent. Its reserves stood at about 105.5 months of spending, up from 89.1 in 2019. Staff pay was 9% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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