International Association Of Machinists & Aerospace Workers
- Assets
- $2.1m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 11
- Location
- Lyndhurst, NJ
- Founding
- 05/1963
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, International Association Of Machinists & Aerospace Workers generated $1.7m 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 (3.1%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 8 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
2022
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 |
|---|---|---|---|
Richard Hubert Board Member | Trustee | 5 | $0 |
Robert Hutchinson Board Member | Trustee | 5 | $0 |
William Katala Vice-President | Officer | 5 | $1,800 |
John Mcloughlin President | Officer | 5 | $5,400 |
Marianne Desantis Secretary-Treasurer | Officer | 5 | $71,975 |
Edward Vertabedian Business Representative | 40 | $174,481 |
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 | $1,747,482 |
| Investment income | $7,265 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$24,734 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,735,044 |
| 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. | $123,164 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $879,178 |
| Pension plan accruals and contributions | $98,996 |
| Other employee benefits | $126,137 |
| Payroll taxes | $68,574 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,389 |
| Fees for services: Accounting | $48,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,432 |
| Advertising and promotion | $0 |
| Office expenses | $39,346 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,560 |
| 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 | $10,596 |
| Insurance | $25,744 |
| All other expenses | $0 |
| Total functional expenses | $1,634,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $877,668 |
| Savings and temporary cash investments | $2,098 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $532,729 |
| 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 | $1,625 |
| Net Land, buildings, and equipment | $338,661 |
| Investments—publicly traded securities | $226,926 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $134,950 |
| Total assets | $2,114,657 |
| Accounts payable and accrued expenses | $19,251 |
| 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 | $1,006,908 |
| Total liabilities | $1,026,159 |
| Net assets without donor restrictions | $1,088,498 |
| 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 | $2,114,657 |