Independent Oil Workers Of Paulsboro Nj is located in Gibbstown, NJ. The organization was established in 1991. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2022, Independent Oil Workers Of Paulsboro NJ employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independent Oil Workers Of Paulsboro NJ 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, Independent Oil Workers Of Paulsboro NJ generated $201.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $222.2k during the year ending 12/2022. 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
REPRESENTATION OF UNION MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDEPENDENT OIL WORKERS OF PAULSBORO, NJ PROVIDES FOR REPRESENTATION IN COLLECTIVE BARGAINING ISSUES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Chad Moore President | Officer | 10 | $5,992 |
Jeff Smith Treasurer | Officer | 10 | $5,646 |
Nick Gardy Vice President | Officer | 5 | $4,680 |
Jeffery Distefano Recording Secretary | Officer | 10 | $4,481 |
Pam Phillips Vice President | Officer | 10 | $3,454 |
Tom Kotarski Lube Plant Chairman | Officer | 5 | $3,346 |
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 | $169,297 |
Investment income | $5,961 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $18,400 |
Net Gain/Loss on Asset Sales | $6,566 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $201,558 |
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. | $52,578 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $40,428 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $185 |
Payroll taxes | $16,613 |
Fees for services: Management | $0 |
Fees for services: Legal | $24,310 |
Fees for services: Accounting | $3,300 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $4,292 |
Fees for services: Other | $1,100 |
Advertising and promotion | $21 |
Office expenses | $10,950 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $33,990 |
Travel | $1,948 |
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 | $12,662 |
Insurance | $10,061 |
All other expenses | $0 |
Total functional expenses | $222,169 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $75,962 |
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 | $189,949 |
Investments—publicly traded securities | $276,194 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $542,105 |
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 | $542,105 |
Total liabilities and net assets/fund balances | $542,105 |
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