The information for International Longshoremens Association is as of the organization's most recent filing in December '21. This organization is located in Staten Island, NY. It has been in existence for 55 years, following its founding in 1966.
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The International Longshoremens Association's NTEE code is J40. The "J" tells us that the organization is classified along with Labor Unions. The "40" tells us that the organization is focused on Employment. The NTEE describes Labor Unions as organizations that work to promote the rights of employees to fair remuneration and safe working conditions. This organization falls under section 501(c)(5) of the Internal Revenue Code, which is specifically for Labor, Agricultural and Horticultural Organizations. The mission of the International Longshoremens Association is to support the activities of the labor union and represent its members in labor relations with member employers, including labor contract negotiations, work rule adherence, arbitrations, and grievance resolutions.
The Furnished Qualified Workers program oversees the implementation of work rules to ensure safety considerations are not compromised and that both management and members adhere to these rules.
The International Longshoremens Association is run by Michael Izzo, who is the President. The organization has 2 employees, none of whom are paid over $100k per year. Supporting the small staff are 10 volunteers.
The International Longshoremens Association (ILA) appears to have a well-governed structure based on the provided information. With 9 voting members, the organization has a sufficient number of individuals to make decisions collectively. However, the fact that there are no independent members may raise concerns about potential conflicts of interest. It is important for non-profit organizations to have independent members on their board to ensure unbiased decision-making and avoid any undue influence. While the ILA does not have a conflict of interest policy, it does require disclosure of conflicts, which is a positive step towards transparency. This suggests that the organization takes conflicts of interest seriously and aims to address them appropriately. Additionally, the ILA has implemented a written whistleblower policy, document retention policy, and substantiates and reviews leadership salaries. These policies and practices indicate a commitment to accountability and responsible financial management. The organization's commitment to documenting board and committee meetings, as well as providing copies of the 990 to the board prior to filing, further demonstrates a transparent and well-governed approach. However, the fact that the ILA does not substantiate and review officer's salaries may be a potential area for improvement. It is important for non-profit organizations to ensure that all leadership positions are subject to scrutiny to avoid any potential conflicts or misuse of funds. Overall, the International Longshoremens Association appears to have a solid governance structure with several positive practices in place. However, the absence of independent members and a conflict of interest policy may be areas that the organization should consider addressing to further enhance its governance practices.
The International Longshoremens Association, a nonprofit organization, has experienced growth over the given time period. Contributions and grants received increased from $691.7K in 2015 to $708.3K in 2021, indicating an upward trend in financial support. Additionally, investment income rose from $1.3K in 2015 to $24.4K in 2021, demonstrating an increase in investment returns. Total revenue also grew from $814.8K in 2015 to $826.3K in 2021. However, total expenses decreased from $790.0K in 2015 to $559.6K in 2021, suggesting effective cost management. While employee salaries increased from $374.7K in 2015 to $430.4K in 2021, the total number of employees remained the same at 2. The organization also saw an increase in volunteers, from 0 in 2015 to 10 in 2020, indicating a growing support base. Overall, the International Longshoremens Association has shown growth in various aspects over the given time period.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Charles Grunsch Secretarytreasurer | OfficerTrustee | 35 | $0 |
Joseph Samaritano Vice President | Officer | 5 | $0 |
Michael Izzo President | Officer | 40 | $0 |
Angelo Spano Jr Trustee | Trustee | 5 | $0 |
Rashida Dixon Executive Board | Trustee | 5 | $0 |
Anthony Zavarelli Executive Board | Trustee | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $700,174 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $8,100 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $708,274 |
Total Program Service Revenue | $0 |
Investment income | $24,430 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $93,600 |
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 | $826,304 |
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 | $12,969 |
Compensation of current officers, directors, key employees. | $294,024 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $87,123 |
Other employee benefits | $20,671 |
Payroll taxes | $36,732 |
Fees for services: Management | $17,100 |
Fees for services: Legal | $263 |
Fees for services: Accounting | $5,400 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $1,964 |
Fees for services: Other | $0 |
Advertising and promotion | $1,402 |
Office expenses | $3,403 |
Information technology | $2,095 |
Royalties | $0 |
Occupancy | $35,382 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $17,245 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,850 |
Insurance | $11,407 |
All other expenses | $1,225 |
Total functional expenses | $559,605 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $412,223 |
Savings and temporary cash investments | $324,764 |
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 | $4,606 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $320,455 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,062,048 |
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 | $1,062,048 |
Total liabilities and net assets/fund balances | $1,062,048 |