L U No 488 Ibew Joint Apprenticeship Training Fund
501(c)(5)Employment
Only null% goes to programs Strong reserves Growing revenue
L U No 488 Ibew Joint Apprenticeship Training Fund is a 501(c)(5) organization based in Monroe, Connecticut, registered in 1978, with $693,194 in FY2025 revenue. CharityIndex grades it C+.
721 Main Street Route 25, Monroe, CT, 06468 EIN 06-0976668 Since 1978
Revenue (FY2025)
$693K
▲ 28.6% vs prior year
Employment median: $367K
Expenses (FY2025)
$620K
Net assets
$1.4M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for L U No 488 Ibew Joint Apprenticeship Training Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating28 mo reserves · +11% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For L U No 488 Ibew Joint Apprenticeship Training Fund: 28 mo reserves · +11% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for L U No 488 Ibew Joint Apprenticeship Training Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For L U No 488 Ibew Joint Apprenticeship Training Fund: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 721 Main Street Route 25, Monroe, CT, 06468
- City
- Monroe
- State
- Connecticut
- Category
- Employment
- Subcategory
- Labor Unions & Organizations
Financial trends
Revenue grew from $484K (FY2016) to $693K (FY2025) across 10 reported years.
Financial snapshot
Financial health & position (FY2025)
Liabilities $0Net assets $1.4M
Operating margin
10.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.4M
Total liabilities
$0
Net assets
$1.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2025 | $693,194▲28.6% | $620,359▲16.4% | $1,449,855▲9.1% | $1,449,855▲9.1% | 990 |
| 2024 | $538,848▲3.3% | $532,942▼5.6% | $1,329,005▲4.4% | $1,329,005▲4.4% | 990 |
| 2023 | $521,668▲1.4% | $564,679▲7.4% | $1,273,153▲0.3% | $1,273,174▲0.2% | 990 |
| 2022 | $514,369▲15.6% | $525,916▲3.1% | $1,268,729▼6.9% | $1,270,203▼6.9% | 990 |
| 2021 | $444,949▲12.9% | $510,230▲0.3% | $1,362,060▼2.1% | $1,364,744▼2.1% | 990 |
| 2020 | $394,124▼43.0% | $508,580▼8.3% | $1,390,571▼6.6% | $1,393,882▼6.8% | 990 |
| 2019 | $691,586▲1.7% | $554,769▲2.8% | $1,489,428▲14.2% | $1,496,021▲13.7% | 990 |
| 2018 | $679,934▲24.3% | $539,440▲14.9% | $1,304,341▲10.2% | $1,315,805▲10.3% | 990 |
| 2017 | $546,965▲13.0% | $469,383▼1.6% | $1,183,630▲8.6% | $1,193,293▲8.6% | 990 |
| 2016 | $484,102 | $476,873 | $1,089,526 | $1,098,418 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is L U No 488 Ibew Joint Apprenticeship Training Fund a legitimate nonprofit?
- Yes. L U No 488 Ibew Joint Apprenticeship Training Fund is a 501(c)(5) organization registered with the U.S. Internal Revenue Service under EIN 06-0976668, based in Monroe, Connecticut.
- What is L U No 488 Ibew Joint Apprenticeship Training Fund's EIN?
- L U No 488 Ibew Joint Apprenticeship Training Fund's Employer Identification Number (EIN) is 06-0976668.
- How much revenue does L U No 488 Ibew Joint Apprenticeship Training Fund report?
- L U No 488 Ibew Joint Apprenticeship Training Fund reported $693,194 in total revenue on its fiscal year 2025 IRS Form 990 filing.
- What financial grade does L U No 488 Ibew Joint Apprenticeship Training Fund have?
- CharityIndex grades L U No 488 Ibew Joint Apprenticeship Training Fund C+, based on financial health (reserves and operating margin).
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Data for L U No 488 Ibew Joint Apprenticeship Training Fund (EIN 06-0976668) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.