Iron Workers Local Union 848
- Assets
- $953.0k
- Revenue
- $554.2k
- Investments
- $0.0
- Employees
- 10
- Location
- Charleston, SC
- Founding
- Data as of
- 06/2021
- EIN
- 01-0880548
Organization Overview
Iron Workers Local Union 848 is located in Charleston, SC. As of 06/2021, Iron Workers Local Union 848 employed 10 individuals. Iron Workers Local Union 848 is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2021, Iron Workers Local Union 848 generated $554.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $630.2k during the year ending 06/2021. While expenses have increased by 10.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE EXEMPT PURPOSE OF THE UNION IS TO ACT AS COLLECTIVE BARGAINING AGENT ON BEHALF OF MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED BY LOCAL TO OBTAIN JOBS FOR ITS MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Segovia Business Manager | OfficerTrustee | 40 | $91,312 |
Johnnie Nolin Recording Secretary | OfficerTrustee | 10 | $2,645 |
Adam Stepp President | OfficerTrustee | 10 | $754 |
Joe Hehner Vice President | OfficerTrustee | 10 | $574 |
Steve Acala Board Member | Trustee | 10 | $459 |
Theodore Vargo Board Member | Trustee | 10 | $390 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $496,034 |
| Fundraising events | $0 |
| Related organizations | $18,083 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $514,117 |
| Total Program Service Revenue | $0 |
| Investment income | $665 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,300 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $554,239 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $8,350 |
| Compensation of current officers, directors, key employees. | $96,134 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $116,743 |
| Pension plan accruals and contributions | $102,191 |
| Other employee benefits | $46,236 |
| Payroll taxes | $15,939 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,576 |
| Fees for services: Accounting | $6,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15,138 |
| Office expenses | $13,972 |
| Information technology | $2,249 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,270 |
| Interest | $0 |
| Payments to affiliates | $117,550 |
| Depreciation, depletion, and amortization | $13,276 |
| Insurance | $7,059 |
| All other expenses | $24,218 |
| Total functional expenses | $630,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $792,251 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $160,785 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $953,036 |
| Accounts payable and accrued expenses | $16,254 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $52,300 |
| Other liabilities | $0 |
| Total liabilities | $68,554 |
| Net assets without donor restrictions | $884,482 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $953,036 |
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