International Assoc Of Bridge Structural & Ornamental Iron Worke
- Assets
- $15.0m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 23
- Location
- Bloomfield, NJ
- Founding
- 11/1944
- Data as of
- 06/2022
- EIN
- 22-1010090
Organization Overview
International Assoc Of Bridge Structural & Ornamental Iron Worke is located in Bloomfield, NJ. 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 Assoc Of Bridge Structural & Ornamental Iron Worke employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Assoc Of Bridge Structural & Ornamental Iron Worke 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 Assoc Of Bridge Structural & Ornamental Iron Worke generated $5.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $6.8m during the year ending 06/2022. 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
LABOR ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE MATERIAL & INTELLECTUAL WELFARE OF ITS MEMBERS AND THEIR FAMILIES; SECURE ADEQUATE WAGES, WORKING CONDITIONS AND OPPORTUNITIES OF EMPLOYMENT; AND ENCOURAGE MEMBERS TO REGISTER & VOTE TO SAFEGUARD PRINCIPLES OF COLLECTIVE BARGAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Leslie Field Representative | 56 | $192,968 | |
Richard Malcom Field Representative | 56 | $191,468 | |
John Wade Jr Field Representative | 56 | $191,468 | |
Raymond Woodall Jr Executive Board/business Agent | Officer | 56 | $189,068 |
Charles M Mcfadden Fin. Scty. / Treasurer | Officer | 56 | $188,968 |
Joseph Colucci Field Representative | 56 | $186,248 |
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 | $5,164,502 |
| Investment income | $356,568 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,500 |
| Net Gain/Loss on Asset Sales | -$43,404 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,561,014 |
| 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 | $973,483 |
| Compensation of current officers, directors, key employees. | $1,559,985 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $864,622 |
| Other employee benefits | $288,361 |
| Payroll taxes | $105,099 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $442,222 |
| Fees for services: Accounting | $16,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $52,658 |
| Fees for services: Other | $0 |
| Advertising and promotion | $227,928 |
| Office expenses | $54,357 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $148,296 |
| Travel | $104,349 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,433 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $111,793 |
| Insurance | $53,031 |
| All other expenses | $328,779 |
| Total functional expenses | $6,789,185 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $544,140 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $56,515 |
| 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 | $632,080 |
| Investments—publicly traded securities | $13,793,027 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,025,762 |
| Accounts payable and accrued expenses | $58,465 |
| 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 | $58,465 |
| 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 | $14,967,297 |
| Total liabilities and net assets/fund balances | $15,025,762 |
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 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 |
Retail Wholesale & Department Store Union New York, NY | $50,504,227 | $15,796,954 |