International Association Of Machinists & Aerospace Workers is located in Williamstown, NJ. The organization was established in 1940. 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 a subordinate organization within an affiliated group for tax-exemption purposes. International Association Of Machinists & Aerospace Workers 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, International Association Of Machinists & Aerospace Workers generated $71.9k 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 (4.6%) each year. All expenses for the organization totaled $85.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.3%) 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
BETTERMENT OF WAGES, HOURS AND WORKING CONDITIONS FOR OUR MEMBERS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jerome Genovese Secretary-Treasurer | 5 | $7,993 | |
Laurence Powell President | 5 | $3,850 | |
Lynda Di Marco Recording Secretary | 3 | $3,773 | |
William O'neill Vice President | 3 | $2,685 | |
Shawn Garrity Trustee | 1 | $300 | |
Joseph Ruggeri Trustee | 1 | $300 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Membership dues | $69,777 |
Investment income | $141 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $2,000 |
Total Revenue | $71,918 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $29,648 |
Professional fees and other payments to independent contractors | $3,200 |
Occupancy, rent, utilities, and maintenance | $24,880 |
Printing, publications, postage, and shipping | $201 |
Other expenses | $27,021 |
Total expenses | $85,872 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $208,465 |
Other assets | $0 |
Total assets | $215,003 |
Total liabilities | $0 |
Net assets or fund balances | $215,003 |
Organization Name | Assets | Revenue |
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International Brotherhood Of Elect Rical Workers Afl Cio Local Union Reading, PA | $13,723,869 | $11,802,055 |
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International Union Of Elevator Constructors Long Island City, NY | $9,679,194 | $9,677,459 |
International Brotherhood Of Electrical Workers Pittsburgh, PA | $59,018,257 | $12,499,078 |
United Public Service Employees Union Ronkonkoma, NY | $6,741,991 | $9,628,547 |
Correction Officers Benevolent Association Inc East Elmhurst, NY | $8,988,774 | $10,149,949 |
International Union Of Bricklayers And Allied Craftworkers Long Island City, NY | $44,952,937 | $11,024,872 |
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