Retail Wholesale & Department Store Union
- Assets
- $25.8m
- Revenue
- $10.1m
- Investments
- $13.9m
- Employees
- 47
- Location
- Mineola, NY
- Founding
- 08/1943
- Data as of
- 12/2022
- EIN
- 13-1215100
Organization Overview
Retail Wholesale & Department Store Union is located in Mineola, NY. The organization was established in 1943. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2022, Retail Wholesale & Department Store Union employed 47 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Retail Wholesale & Department Store 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 12/2022, Retail Wholesale & Department Store Union generated $10.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $10.9m during the year ending 12/2022. While expenses have increased by 0.7% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ASSISTANCE TO ELIGIBLE MEMBERS IN LABOR RELATED MATTERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REPRESENTS MEMBERS IN LABOR RELATED ISSUES INCLUDING CONTRACT NEGOTIATIONS AND COLLECTIVE BARGAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Pasquaretta Vice President | Trustee | 22 | $137,688 |
Frederick Wren Vice President | Trustee | 22 | $134,803 |
Nelson Resto Vice President | Trustee | 18 | $129,469 |
Nikki Kateman Vice President | Trustee | 18 | $131,264 |
Rosalma Lafontaine Recording Secretary | Trustee | 22 | $110,490 |
Fanny Borjas Vice President | Trustee | 22 | $84,934 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Friedman & Anspach Legal Counsel | 12/30/18 | $610,786 |
Ajv Llc Computer Consultant | 12/30/18 | $101,181 |
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 | $6,651,760 |
| Investment income | $6,307 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $907,770 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,081,158 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,581 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,070,565 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,552,600 |
| Pension plan accruals and contributions | $538,225 |
| Other employee benefits | $559,988 |
| Payroll taxes | $334,954 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $678,463 |
| Fees for services: Accounting | $42,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,274 |
| Fees for services: Other | $113,337 |
| Advertising and promotion | $107,609 |
| Office expenses | $629,161 |
| Information technology | $92,625 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $408,040 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $119,733 |
| Interest | $0 |
| Payments to affiliates | $2,093,348 |
| Depreciation, depletion, and amortization | $29,345 |
| Insurance | $71,946 |
| All other expenses | $0 |
| Total functional expenses | $10,865,095 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $482,770 |
| 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 | $100,110 |
| Investments—publicly traded securities | $412,540 |
| Investments—other securities | $13,926,134 |
| Investments—program-related | $10,857,668 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,779,222 |
| Accounts payable and accrued expenses | $46,998 |
| 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 | $295,000 |
| Total liabilities | $341,998 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $25,437,224 |
| Total liabilities and net assets/fund balances | $25,779,222 |