Service Professionals Independent Union Local 726
- Assets
- $5.0m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 11
- Location
- Danbury, CT
- Founding
- 02/2001
- Data as of
- 09/2021
- EIN
- 13-4075932
Organization Overview
Service Professionals Independent Union Local 726 is located in Danbury, CT. The organization was established in 2001. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 09/2021, Service Professionals Independent Union Local 726 employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Service Professionals Independent Union Local 726 is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 09/2021, Service Professionals Independent Union Local 726 generated $2.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $1.2m during the year ending 09/2021. 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 PRIMARY OBJECTIVE OF THE UNION IS TO REPRESENT WORKERS WITH RESPECT TO WAGES, HOURS AND WORKING CONDITIONS; PROVIDE FOR THE CONTINUOUS EMPLOYMENT OF LABOR, TO BRING ABOUT STABLE WORKING CONDITIONS IN THE VARIOUS INDUSTRIES IN WHICH ITS MEMBERS ARE EMPLOYED, AND TO ESTABLISH PROCEDURES FOR THE AMICABLE ADJUSTMENT OF DISPUTES WHICH MAY ARISE BETWEEN EMPLOYERS AND EMPLOYEES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
"THE PRIMARY OBJECTIVE OF THE UNION IS TO REPRESENT WORKERS WITH RESPECT TO WAGES, HOURS AND WORKING CONDITIONS; PROVIDE FOR THE CONTINUOUS EMPLOYMENT OF LABOR, TO BRING ABOUT STABLE WORKING CONDITIONS IN THE VARIOUS INDUSTRIES IN WHICH ITS MEMBERS ARE EMPLOYED, AND TO ESTABLISH PROCEDURES FOR THE AMICABLE ADJUSTMENT OF DISPUTES WHICH MAY ARISE BETWEEN EMPLOYERS AND EMPLOYEES."
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Henry Cange Trustee/sr. Ba/org | Officer | 65 | $241,455 |
Louis Loiacono Field Representative | 65 | $130,499 | |
Joseph Pecora Sr President/field Rep (thru 12/2020) | Officer | 65 | $63,097 |
Steven R Elliott Sr Vice President/field Rep | Officer | 80 | $60,500 |
Michael Piecora President/bus Agent/org (eff 2/2021) | Officer | 65 | $55,000 |
Warren Blank Executive Board | Officer | 10 | $1,600 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marc Jacobson Representational Svc | 9/29/20 | $242,574 |
G & A Business Consulting Inc Representational Svc | 9/29/20 | $141,132 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $178,322 |
| 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 | $178,322 |
| Total Program Service Revenue | $1,756,111 |
| Investment income | $642 |
| 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 | $1,979,109 |
| 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. | $491,177 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $252,698 |
| Pension plan accruals and contributions | $3,701 |
| Other employee benefits | $22,440 |
| Payroll taxes | $43,878 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $42,314 |
| Fees for services: Accounting | $9,442 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $218,217 |
| Advertising and promotion | $0 |
| Office expenses | $3,554 |
| Information technology | $797 |
| Royalties | $0 |
| Occupancy | $27,418 |
| Travel | $29,018 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $87,210 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,334 |
| All other expenses | $4,132 |
| Total functional expenses | $1,245,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,988,293 |
| 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 | $132 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $655 |
| Total assets | $4,989,080 |
| 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 | $195,396 |
| Total liabilities | $195,396 |
| Net assets without donor restrictions | $4,793,684 |
| 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 | $4,989,080 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Federation Of Teachers New York, NY | $15,634,112 | $19,917,624 |
International Brotherhood Of Electrical Workers Flushing, NY | $42,808,557 | $29,527,864 |
American Federation Of State County & Municipal Employees New York, NY | $5,666,474 | $18,719,600 |
Laboers International Union Of North America New York, NY | $82,959,218 | $20,599,249 |
Electrical Workers Local No 86 Insurance Fund Plan And Trust Rochester, NY | $26,301,983 | $18,525,409 |
International Brotherhood Of Electrical Workers Dorchester, MA | $20,226,169 | $18,660,825 |
International Union Of Painters And Allied Trades New York, NY | $30,422,741 | $16,478,287 |
International Brotherhood Of Teamsters New York, NY | $10,937,127 | $16,693,793 |
New York State Correctional Albany, NY | $26,423,975 | $18,262,137 |
Retail Wholesale & Department Store Union New York, NY | $50,504,227 | $15,796,954 |
Laborers International Union Of North America Astoria, NY | $45,280,264 | $16,536,779 |
Council Of School Supervisors And Administrators Of The City Of Ny New York, NY | $57,802,367 | $21,293,230 |