Ironworkers Union Local 7
- Assets
- $20.6m
- Revenue
- $15.5m
- Investments
- $0.0
- Employees
- 33
- Location
- South Boston, MA
- Founding
- 11/1944
- Data as of
- 06/2021
- EIN
- 04-1473615
Organization Overview
Ironworkers Union Local 7 is located in South Boston, MA. The organization was established in 1944. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 06/2021, Ironworkers Union Local 7 employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ironworkers Union Local 7 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, Ironworkers Union Local 7 generated $15.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $12.6m during the year ending 06/2021. While expenses have increased by 3.8% per year over the past 7 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
LABOR UNION ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
LABOR UNION ACTIVITIES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Hess Business Manager | Officer | 40 | $172,663 |
Daniel Morganelli Business Agent | Officer | 40 | $160,318 |
Stephen Williams Business Agent | Officer | 40 | $157,511 |
Walter Belmonte Jr Business Agent | Officer | 40 | $157,500 |
William Hurley Financial Secretary Treasu | Officer | 40 | $157,491 |
Vincent Coyle Jr Business Agent | Officer | 40 | $157,399 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $116,867 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $15,536,290 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $88,911 |
| Compensation of current officers, directors, key employees. | $1,690,021 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $137,657 |
| Pension plan accruals and contributions | $1,139,225 |
| Other employee benefits | $260,539 |
| Payroll taxes | $159,486 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $77,885 |
| Fees for services: Accounting | $44,675 |
| Fees for services: Lobbying | $102,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $158,472 |
| Office expenses | $270,180 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $91,884 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,474 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,294 |
| Insurance | $313,787 |
| All other expenses | $0 |
| Total functional expenses | $12,638,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,081,434 |
| Savings and temporary cash investments | $15,686,138 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $752,257 |
| 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 | $173,399 |
| Investments—publicly traded securities | $2,751,155 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,580,990 |
| Accounts payable and accrued expenses | $1,222,756 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,222,756 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $19,358,234 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Federation Of State County & Municipal Employees New York, NY | $77,027,109 | $53,363,394 |
New York State Nurses Association New York, NY | $106,360,017 | $53,864,397 |
United Brotherhood Of Carpenters & Joiners Of America Boston, MA | $146,178,722 | $53,186,412 |
Cement & Concrete Workers District Council Welfare Fund Flushing, NY | $115,712,146 | $34,540,506 |
Service Employees International Union Albany, NY | $31,308,144 | $40,993,536 |
Major League Baseball Players Assn New York, NY | $280,679,317 | $145,511,307 |
United Brotherhood Of Carpenters & Joiners Of America New York, NY | $64,514,321 | $30,390,224 |
Enterprise Association Local 638 Long Island City, NY | $80,989,566 | $29,703,227 |
United University Professions Benefit Trust Fund Albany, NY | $81,922,697 | $45,334,954 |
Transport Workers Union Of America Brooklyn, NY | $13,886,848 | $35,125,762 |
International Alliance Theatrical Stage Employees New York, NY | $95,540,739 | $36,594,534 |
Hotel And Gaming Trades Council Afl-Cio New York, NY | $55,965,580 | $24,291,785 |