Independent Laboratory Employees Union Inc
- Assets
- $160.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Annandale, NJ
- Founding
- 07/1958
- Data as of
- 03/2022
- EIN
- 22-1689686
Organization Overview
Independent Laboratory Employees Union Inc is located in Annandale, NJ. The organization was established in 1958. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, 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. Independent Laboratory Employees Union Inc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 03/2022, Independent Laboratory Employees Union Inc generated $64.5k 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 (4.2%) each year. All expenses for the organization totaled $52.1k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
ORGANIZATION IS A LABOR UNION REPRESENTING ITS MEMBERSHIP IN CONTRACT NEGOTIATIONS AND LABOR ISSUES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Fredrickson President | 5 | $2,372 | |
Steve Ragomo President | 5 | $2,000 | |
Thomas Ferro Treasurer | 5 | $1,000 | |
Ethan Dacosta Secretary | 5 | $1,000 | |
Donald Carpenter Vice President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $64,458 |
| Investment income | $44 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $64,502 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $8,897 |
| Professional fees and other payments to independent contractors | $18,745 |
| Occupancy, rent, utilities, and maintenance | $10,052 |
| Printing, publications, postage, and shipping | $923 |
| Other expenses | $13,523 |
| Total expenses | $52,140 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $159,303 |
| Other assets | $0 |
| Total assets | $160,380 |
| Total liabilities | $0 |
| Net assets or fund balances | $160,380 |
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