Ibew-124 Vacation And Holiday Trust Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 7,959,964 | 7,400,373 | 559,591 | 10.9 | 0% |
| 2020 | 8,870,159 | 8,618,132 | 252,027 | 9.7 | 0% |
| 2021 | 8,580,106 | 8,134,502 | 445,604 | 11.0 | 0% |
| 2022 | 10,126,095 | 8,884,825 | 1,241,270 | 11.7 | 0% |
| 2023 | 12,262,598 | 10,305,679 | 1,956,919 | 12.5 | 0% |
In its most recent public year (2023), this organization brought in $1,956,919 more than it spent. Its reserves stood at about 12.5 months of spending, up from 10.9 in 2019. Staff pay was 0% 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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