International Association Bridge & Structural Iron Workers Local 40
- Assets
- $54.2m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 5
- Location
- New York, NY
- Founding
- 11/1944
- Data as of
- 06/2022
- EIN
- 13-5512638
Organization Overview
International Association Bridge & Structural Iron Workers Local 40 is located in New York, NY. The organization was established in 1944. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 06/2022, International Association Bridge & Structural Iron Workers Local 40 employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Association Bridge & Structural Iron Workers Local 40 is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2022, International Association Bridge & Structural Iron Workers Local 40 generated $7.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $5.6m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, International Association Bridge & Structural Iron Workers Local 40 has awarded 37 individual grants totaling $342,750. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZING WORKERS IN THE BRIDGE, STRUCTURAL AND ORNAMENTAL IRON INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTION AND RECORDING OF LOCAL 40 DUES, WORK ASSESSMENTS, WORK PERMITS AND FEES WITH PROPER REPORTING AND TRANSFER TO INTERNATIONAL ASSOCIATION OF BRIDGE, STRUCTURAL & ORNAMENTAL IRON WORKERS.
NEGOTIATION OF LABOR AGREEMENTS WITH EMPLOYER ASSOCIATION INVOLVED IN THE BRIDGE, STRUCTURAL & ORNAMENTAL IRON INDUSTRY AND ENFORCE PROVISIONS OF COLLECTIVE BARGAINING AGREEMENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Walsh Business Manager, Fs-T | Officer | 50 | $319,885 |
Daniel Doyle President, Business Agent | Officer | 50 | $288,335 |
Christopher Walsh Recording Sec, Bus Rep | Officer | 50 | $283,206 |
Agnes Daly Staff | 40 | $141,055 | |
Warren Allen Vice President | Officer | 0.3 | $3,600 |
Corbett Melfi Sergeant-At-Arms | Officer | 0.3 | $3,600 |
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 | $6,373,966 |
| Investment income | $1,244,603 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$68,872 |
| Net Income from Fundraising Events | -$6,129 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,703,247 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $29,500 |
| Grants and other assistance to domestic individuals. | $955,658 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,046,702 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $244,691 |
| Pension plan accruals and contributions | $294,779 |
| Other employee benefits | $793,188 |
| Payroll taxes | $78,251 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,567 |
| Fees for services: Accounting | $35,162 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $120,113 |
| Fees for services: Other | $0 |
| Advertising and promotion | $49,423 |
| Office expenses | $79,489 |
| Information technology | $3,525 |
| Royalties | $0 |
| Occupancy | $95,293 |
| Travel | $56,730 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $57,600 |
| Interest | $0 |
| Payments to affiliates | $1,039,862 |
| Depreciation, depletion, and amortization | $42,173 |
| Insurance | $0 |
| All other expenses | $53,428 |
| Total functional expenses | $5,563,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,335,015 |
| Savings and temporary cash investments | $11,082,250 |
| 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 | $30,817,338 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $54,234,603 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $54,234,603 |
| Total liabilities and net assets/fund balances | $54,234,603 |
Grants Awarded
Over the last fiscal year, International Association Bridge & Structural Iron Workers Local 40 has awarded $29,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Wall, NJ PURPOSE: CONTRIBUTION FROM GOLF OUTING | $10,000 |
OUTREACH PROJECT PURPOSE: BRONZE SPONSOR | $9,500 |
New York, NY PURPOSE: CONTRIBUTION | $5,000 |
NYC BLDG AND CONST INDUSTRY SAFETY PURPOSE: GOLF TOURNAMENT SPONSOR | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Federation Of Teachers New York, NY | $15,634,112 | $19,917,624 |
Sheetmetal Workers Local 12 Pittsburgh, PA | $43,864,039 | $19,934,211 |
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 |
Teamsters Local 97 Fund Clark, NJ | $4,130,996 | $17,509,914 |
International Union Of Operating Engineers 825 825 A&b Springfield, NJ | $42,119,361 | $15,523,159 |
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 |