Research Development & Technical Employees Union
- Assets
- $886.3k
- Revenue
- $313.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Lexington, MA
- Founding
- 10/1972
- Data as of
- 02/2022
- EIN
- 04-2256788
Organization Overview
Research Development & Technical Employees Union is located in Lexington, MA. The organization was established in 1972. According to its NTEE Classification (J05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Research Development & Technical Employees Union is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 02/2022, Research Development & Technical Employees Union generated $313.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $299.8k during the year ending 02/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE LABOR & MANAGEMENT RELATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
COSTS INCURRED TO IMPROVE LABOR RELATIONS ON BEHALF OF ITS MEMBERS
DEPRECIATION RELATED TO BUILDING AND OFFICE EQUIPMENT
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Ryan Collins President | Officer | 5 | $12,950 |
Roger Shields Treasurer | Officer | 5 | $12,682 |
William Gibbs Secretary | Officer | 5 | $9,363 |
James King Vice Preside | Officer | 5 | $8,298 |
Malcolm Williams Executive Bo | Trustee | 1 | $4,893 |
James Morin Executive Bo | Trustee | 1 | $4,625 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| 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 | $0 |
| Total Program Service Revenue | $304,232 |
| Investment income | $6,785 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,496 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $313,513 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $8,389 |
| Compensation of current officers, directors, key employees. | $81,424 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,055 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,686 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,827 |
| Fees for services: Accounting | $3,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,479 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,731 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $50,927 |
| Interest | $12,402 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,050 |
| Insurance | $0 |
| All other expenses | $7,709 |
| Total functional expenses | $299,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $246,285 |
| Savings and temporary cash investments | $233,371 |
| 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 | $371,132 |
| Investments—publicly traded securities | $26,613 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $8,165 |
| Other assets | $695 |
| Total assets | $886,261 |
| Accounts payable and accrued expenses | $0 |
| 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 | $246,492 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $246,492 |
| Net assets without donor restrictions | $639,769 |
| 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 | $886,261 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Putting New Yorkers To Work Inc New York, NY | $343,928 | $1,694,290 |
Labor Institute Inc New York, NY | $1,884,891 | $1,276,869 |
I2b2 Transmart Foundation Needham, MA | $1,683,496 | $315,619 |
Research Development & Technical Employees Union Lexington, MA | $886,261 | $313,513 |
Aleria Research Corporation New York, NY | $24,598 | $275,946 |