International Association Of Machinists & Aerospace Workers
- Assets
- $199.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Franklinville, NJ
- Founding
- 12/1940
- Data as of
- 12/2023
- EIN
- 22-2936307
Organization Overview
International Association Of Machinists & Aerospace Workers is located in Franklinville, 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 12/2023, International Association Of Machinists & Aerospace Workers generated $60.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.5%) each year. All expenses for the organization totaled $75.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 5 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
2023
Describe the Organization's Program Activity:
Part 3
BETTERMENT OF WAGES, HOURS AND WORKING CONDITIONS FOR OUR MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurence Powell President | 5 | $2,429 | |
William O'neill Vice-President | 3 | $1,516 | |
Lynda Di Marco Recording-Secretary | 3 | $2,409 | |
Jerome Genovese Secretary-Treasurer | 5 | $7,912 | |
Shawn Garrity Trustee | 1 | $679 | |
Joseph Ruggeri Trustee | 1 | $300 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $58,932 |
| Investment income | $276 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,134 |
| Total Revenue | $60,342 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $19,495 |
| Professional fees and other payments to independent contractors | $800 |
| Occupancy, rent, utilities, and maintenance | $24,204 |
| Printing, publications, postage, and shipping | $212 |
| Other expenses | $30,037 |
| Total expenses | $75,413 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $193,394 |
| Other assets | $0 |
| Total assets | $199,932 |
| Total liabilities | $0 |
| Net assets or fund balances | $199,932 |