International Longshoremens Association
- Assets
- $22.9m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 28
- Location
- North Bergen, NJ
- Founding
- 02/1941
- Data as of
- 12/2022
- EIN
- 13-5623897
Organization Overview
International Longshoremens Association is located in North Bergen, NJ. The organization was established in 1941. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2022, International Longshoremens Association employed 28 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. International Longshoremens Association 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 Longshoremens Association generated $5.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $7.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.7%) 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 PROMOTE THE GENERAL WELFARE AND THE BEST INTERESTS OF THE MEMBERSHIP AND THEIR FAMILIES AND THE LOCAL UNIONS AND THE LOCAL DISTRICT COUNCILS OF THE INTERNATIONAL LONGSHOREMEN'S ASSOCIATION, AFL-CIO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Vigneron President | Officer | 20 | $310,967 |
John Daggett Vice President | Officer | 20 | $264,228 |
James Stolpinski Treasurer | Officer | 20 | $281,761 |
Richard Suarez Vice President | Officer | 20 | $156,936 |
David Cicalese Vice President | Officer | 20 | $156,936 |
Michael Izzo Vice President | Officer | 20 | $156,936 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,040,774 |
| 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 | $8,040,774 |
| Total Program Service Revenue | $0 |
| Investment income | $979,022 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,377,169 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,647,718 |
| 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. | $3,367,932 |
| Compensation of current officers, directors, key employees. | $1,345,244 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $589,266 |
| Pension plan accruals and contributions | $989,300 |
| Other employee benefits | $758,986 |
| Payroll taxes | $253,749 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $903,828 |
| Fees for services: Accounting | $28,540 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $140,715 |
| Fees for services: Other | $8,775 |
| Advertising and promotion | $0 |
| Office expenses | $10,225 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,857 |
| Travel | $214,300 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,953 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $56,763 |
| All other expenses | $0 |
| Total functional expenses | $7,597,875 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,962,679 |
| Savings and temporary cash investments | $643,413 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,847,353 |
| 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 | $15,468,734 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,922,179 |
| Accounts payable and accrued expenses | $610,976 |
| 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 | $610,976 |
| Net assets without donor restrictions | $22,311,203 |
| 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 | $22,922,179 |