Transport Workers Union Of America
- Assets
- $3.8m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 22
- Location
- Riverdale, NY
- Founding
- 04/1982
- Data as of
- 12/2021
- EIN
- 13-1774935
Organization Overview
Transport Workers Union Of America is located in Riverdale, NY. The organization was established in 1982. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2021, Transport Workers Union Of America employed 22 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Transport Workers Union Of America is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2021, Transport Workers Union Of America generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $916.6k during the year ending 12/2021. While expenses have increased by 1.3% 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
THE ORGANIZATION IS CURRENTLY REPRESENTING APPROXIMATELY 1,250 UNION MEMBERS IN CONTRACT NEGOTIATIONS WITH THE EMPLOYER FOR WAGES, HEALTH, WELFARE AND PENSION BENEFITS, AND WORKING CONDITIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REPRESENTATION OF UNION MEMBERS IN CONTRACT NEGOTIATIONS WITH THE EMPLOYER FOR WAGES, HEALTH, WELFARE AND PENSION BENEFITS, AND WORKING CONDITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vincent Modafferi President, Exec Council | Officer | 60 | $202,865 |
Philip Valenti Vice President & Queens Ch | Officer | 19 | $35,561 |
Robert Elznic Chairperson - Mta Bus Div. | Officer | 40 | $12,259 |
Joseph Betancourt Maint. Supervisor Ii - Cha | Officer | 1 | $12,164 |
Dennis Bottomley Chairperson -Oa Maint. | Officer | 1 | $10,769 |
Hubert Reardon Secretary Treasurer, Exec | Officer | 40 | $9,868 |
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 | $1,208,192 |
| Investment income | $38,880 |
| 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 | $1,247,072 |
| 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 | $10,000 |
| Compensation of current officers, directors, key employees. | $333,479 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,761 |
| Pension plan accruals and contributions | $23,958 |
| Other employee benefits | $0 |
| Payroll taxes | $25,311 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $96,901 |
| Fees for services: Accounting | $14,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,178 |
| Advertising and promotion | $20,365 |
| Office expenses | $36,618 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,162 |
| Travel | $425 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,249 |
| Interest | $0 |
| Payments to affiliates | $184,237 |
| Depreciation, depletion, and amortization | $11,605 |
| Insurance | $29,304 |
| All other expenses | $596 |
| Total functional expenses | $916,635 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $420,047 |
| Savings and temporary cash investments | $1,269,102 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,733 |
| 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 | $9,216 |
| Net Land, buildings, and equipment | $163,134 |
| Investments—publicly traded securities | $1,891,443 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,800,675 |
| Accounts payable and accrued expenses | $69,743 |
| 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 | $69,743 |
| Net assets without donor restrictions | $3,368,669 |
| Net assets with donor restrictions | $362,263 |
| 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 | $3,800,675 |