International Association Of Machinists & Aerospace Workers
- Assets
- $1.7m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 11
- Location
- Lyndhurst, NJ
- Founding
- 05/1963
- Data as of
- 12/2021
- EIN
- 13-5157707
Organization Overview
International Association Of Machinists & Aerospace Workers is located in Lyndhurst, NJ. The organization was established in 1963. According to its NTEE Classification (Y40) the organization is classified as: Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, International Association Of Machinists & Aerospace Workers employed 11 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. International Association Of Machinists & Aerospace Workers 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, International Association Of Machinists & Aerospace Workers generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 7 years. 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
TO SERVICE THE MEMBERSHIP OF ITS AFFILIATED LODGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SERVE THE MEMBERSHIP OF ITS AFFILIATED LODGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Norman Shreve Directing Business Rep. | 40 | $186,760 | |
Edward Vertabedian Business Representative | 40 | $165,760 | |
William Senff Business Representative | 40 | $139,223 | |
David Mark Hammond Business Representative | 40 | $138,326 | |
Marianne Desantis Secretary-Treasurer | Officer | 5 | $67,212 |
John Mcloughlin President | Officer | 5 | $5,400 |
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 | $1,802,626 |
| Investment income | $5,778 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $34 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,824,582 |
| 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. | $117,718 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $848,870 |
| Pension plan accruals and contributions | $96,661 |
| Other employee benefits | $140,410 |
| Payroll taxes | $66,493 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $302 |
| Fees for services: Accounting | $51,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $76,310 |
| Advertising and promotion | $0 |
| Office expenses | $40,813 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,818 |
| Travel | $0 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $10,916 |
| Insurance | $35,082 |
| All other expenses | $1,357 |
| Total functional expenses | $1,614,011 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $679,066 |
| Savings and temporary cash investments | $8,751 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $545,540 |
| 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 | $2,710 |
| Net Land, buildings, and equipment | $322,236 |
| Investments—publicly traded securities | $146,709 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,968 |
| Total assets | $1,709,980 |
| Accounts payable and accrued expenses | $22,928 |
| 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 | $691,057 |
| Total liabilities | $713,985 |
| Net assets without donor restrictions | $995,995 |
| 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 | $1,709,980 |
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