Railway Independent Transit Union
- Assets
- $395.5k
- Revenue
- $128.6k
- Investments
- $0.0
- Employees
- 20
- Location
- Colonia, NJ
- Founding
- 04/2001
- Data as of
- 12/2021
- EIN
- 22-3763714
Organization Overview
Railway Independent Transit Union is located in Colonia, NJ. The organization was established in 2001. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2021, Railway Independent Transit Union employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Railway Independent Transit Union is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2021, Railway Independent Transit Union generated $128.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $139.9k during the year ending 12/2021. While expenses have increased by 5.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE UNION MEMBERS WITH BENEFITS IN THE EVENT OF A STRIKE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SUPPORT AND FINANCIAL AID TO THEIR MEMBERS IN THE EVENT OF A STRIKE. THE ORGANIZATION ALSO ACTS AS AN INTERMEDIARY IN REGARDS TO CONTRACT NEGIATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shaam Somwaru General President | Officer | 10 | $20,857 |
Daniel Lacey General Chairman | Officer | 10 | $4,245 |
Francisco Maza Local President | Officer | 10 | $4,186 |
Joseph Jelonek Asst General Pres | Officer | 10 | $3,958 |
Thomas Malone General Chairman | Officer | 10 | $2,746 |
Brandon Reeves Vice-Chairman | Officer | 10 | $2,239 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $112,530 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,181 |
| Noncash contributions included in lines 1a–1f | $7,800 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $125,711 |
| Total Program Service Revenue | $0 |
| Investment income | $2,912 |
| 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 | $128,623 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $71,933 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,470 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,800 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,992 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,759 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $339 |
| Insurance | $1,927 |
| All other expenses | $6,288 |
| Total functional expenses | $139,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $266,163 |
| Savings and temporary cash investments | $114,931 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,930 |
| 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 | $1,155 |
| Net Land, buildings, and equipment | $2,139 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,149 |
| Total assets | $395,467 |
| Accounts payable and accrued expenses | $8,632 |
| 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 | $8,632 |
| Net assets without donor restrictions | $44,405 |
| Net assets with donor restrictions | $342,430 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $395,467 |