Retail Wholesale & Department Store Union
- Assets
- $36.4m
- Revenue
- $14.1m
- Investments
- $33.9m
- Employees
- 67
- Location
- New York, NY
- Founding
- 08/1943
- Data as of
- 12/2022
- EIN
- 13-1426674
Organization Overview
Retail Wholesale & Department Store Union is located in New York, 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 67 individuals. This organization is a parent organization of 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 $14.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.8%) each year. All expenses for the organization totaled $18.5m during the year ending 12/2022. 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
TRADE UNION TO ORGANIZE AND PROVIDE SERVICES TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNION PROVIDED SUPPORT TO ITS MEMBERS IN THE AREAS OF COLLECTIVE BARGAINING, WORKER SAFETY, ORGANIZING AND EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angella Harding Vice President | OfficerTrustee | 5 | $0 |
Daniel Righetti Vice President | OfficerTrustee | 5 | $0 |
Charles Hall Jr Vice President | OfficerTrustee | 5 | $0 |
David Mertz Vice President | OfficerTrustee | 40 | $242,856 |
Edgar Fields Vice President | OfficerTrustee | 40 | $161,665 |
Jack Wurm Jr Secretary/treasurer | OfficerTrustee | 40 | $119,135 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Carry Kane Pllc Lawyer | 12/30/22 | $208,747 |
Ajv Llc It Consultant | 12/30/22 | $142,521 |
Cohen Weiss And Simon Llp Lawyer | 12/30/22 | $151,288 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $34,250 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,632 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $89,882 |
| Total Program Service Revenue | $0 |
| Investment income | $512,393 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $40,250 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,471,255 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,103,317 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $2,045,806 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,543,517 |
| Pension plan accruals and contributions | $1,074,313 |
| Other employee benefits | $1,688,086 |
| Payroll taxes | $561,438 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $84,923 |
| Fees for services: Accounting | $46,818 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $82,354 |
| Fees for services: Other | $127,665 |
| Advertising and promotion | $0 |
| Office expenses | $415,775 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,504,274 |
| Travel | $1,513,099 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,310,512 |
| Interest | $12,362 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $115,804 |
| All other expenses | $320,041 |
| Total functional expenses | $18,462,538 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,899,534 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $33,934,095 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $571,310 |
| Total assets | $36,404,939 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $186,742 |
| Total liabilities | $186,742 |
| Net assets without donor restrictions | $36,218,197 |
| 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 | $36,404,939 |