International Association Of Bridge Structural & Ornamental Iron
- Assets
- $9.7m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Wallingford, CT
- Founding
- 06/1972
- Data as of
- 06/2023
- EIN
- 14-1512728
Organization Overview
International Association Of Bridge Structural & Ornamental Iron is located in Wallingford, CT. The organization was established in 1972. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Association Of Bridge Structural & Ornamental Iron is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 06/2023, International Association Of Bridge Structural & Ornamental Iron 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 (7.1%) each year. All expenses for the organization totaled $1.3m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (10.5%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ADMINISTER A HEALTHCARE BENEFITS PROGRAM FOR UNION MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MEDICAL, DENTAL, VISION AND LIFE INSURANCE BENEFITS FOR MEMBERS OF THE INTERNATIONAL ASSOCIATION OF BRIDGE, STRUCTURAL, ORNAMENTAL & REINFORCING IRONWORKERS LOCAL 12
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Henry Digeser Trustee | Trustee | 5 | $0 |
Christina Audi Trustee | Trustee | 5 | $0 |
John Bissaillon Trustee | Trustee | 5 | $0 |
Matthew Riordan Trustee | Trustee | 5 | $0 |
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 | $1,729,656 |
| Investment income | $186,443 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$173,739 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,742,360 |
| 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 | $892,049 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,120 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,089 |
| Payroll taxes | $2,364 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $51,141 |
| Fees for services: Accounting | $11,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $46,052 |
| Fees for services: Other | $243,564 |
| Advertising and promotion | $0 |
| Office expenses | $5,705 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,556 |
| 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 | $0 |
| Insurance | $5,256 |
| All other expenses | $0 |
| Total functional expenses | $1,330,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,083,689 |
| Savings and temporary cash investments | $176,812 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $216,792 |
| 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 | $2,340 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $8,269,225 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,748,858 |
| Accounts payable and accrued expenses | $81,358 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $17,421 |
| 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 | $98,779 |
| 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 | $9,650,079 |
| Total liabilities and net assets/fund balances | $9,748,858 |