International Longshoremens Association
- Assets
- $7.4m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 5
- Location
- Newark, NJ
- Founding
- 08/1944
- Data as of
- 09/2023
- EIN
- 22-1402941
Organization Overview
International Longshoremens Association is located in Newark, 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 09/2023, International Longshoremens Association employed 5 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 09/2023, International Longshoremens Association generated $4.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $3.3m during the year ending 09/2023. While expenses have increased by 7.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
LABOR UNION ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
LABOR UNION ORGANIZATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandon Garcia President | Officer | 35 | $463,165 |
Jose Reyes Secytreasurer | Officer | 35 | $368,457 |
Celso Telle Business Agent | Officer | 35 | $367,298 |
Michael Pallay Recording Secretary | Officer | 1 | $15,800 |
Sandra Vazquez Council Delegate | Officer | 1 | $10,399 |
Bruno Goncalves Executive Board Member | Officer | 1 | $6,800 |
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 | $4,700,422 |
| Investment income | $71,205 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $4,851,292 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $125,333 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $67,698 |
| Compensation of current officers, directors, key employees. | $1,273,719 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $199,770 |
| Pension plan accruals and contributions | $368,380 |
| Other employee benefits | $56,576 |
| Payroll taxes | $59,002 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $115,328 |
| Fees for services: Accounting | $41,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $128,350 |
| Advertising and promotion | $0 |
| Office expenses | $236,311 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $102,147 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $101,185 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,316 |
| Insurance | $113,139 |
| All other expenses | $19,651 |
| Total functional expenses | $3,299,342 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,679,555 |
| Savings and temporary cash investments | $5,054,413 |
| 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 | $631,310 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,600 |
| Total assets | $7,370,878 |
| 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 | $1,199,000 |
| Total liabilities | $1,199,000 |
| 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 | $6,171,878 |
| Total liabilities and net assets/fund balances | $7,370,878 |