International Union Of Elevator Constructors
- Assets
- $3.7m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 11
- Location
- Philadelphia, PA
- Founding
- 08/1944
- Data as of
- 12/2023
- EIN
- 23-0725250
Organization Overview
International Union Of Elevator Constructors is located in Philadelphia, PA. 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 12/2023, International Union Of Elevator Constructors employed 11 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. International Union Of Elevator Constructors 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 Union Of Elevator Constructors generated $4.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $3.3m during the year ending 12/2023. While expenses have increased by 4.8% per year over the past 9 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
THE EXEMPT PURPOSE OF LOCAL NO. 5 IS TO ASSIST MEMBERS IN SECURING EMPLOYMENT, TO MAINTAIN A FAIR STANDARD OF WAGES, AND TO PROTECT THE JURISDICTION OF THE CRAFT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EXEMPT PURPOSE OF LOCAL NO. 5 IS TO ASSIST MEMBERS IN SECURING EMPLOYMENT, TO MAINTAIN A FAIR STANDARD OF WAGES, AND TO PROTECT THE JURISDICTION OF THE CRAFT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Lavelle Trustee | Trustee | 1 | $0 |
Daniel Korejko Trustee | Trustee | 1 | $0 |
David Larsen Trustee | Trustee | 1 | $0 |
Joseph M Williams Business Manager | Officer | 55 | $213,041 |
John D Koch Business Rep/exec. Board | Officer | 45 | $174,307 |
Eric Rittenhouse Business Rep/exec. Board | Officer | 45 | $174,307 |
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 | $3,455,956 |
| Investment income | $12,345 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,840 |
| Net Gain/Loss on Asset Sales | $457,401 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,977,109 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $71,180 |
| Grants and other assistance to domestic individuals. | $18,871 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $215,763 |
| Compensation of current officers, directors, key employees. | $1,366,276 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,707 |
| Pension plan accruals and contributions | $2,993 |
| Other employee benefits | $0 |
| Payroll taxes | $62,300 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,519 |
| Fees for services: Accounting | $25,717 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,364 |
| Advertising and promotion | $48,835 |
| Office expenses | $71,020 |
| Information technology | $11,337 |
| Royalties | $0 |
| Occupancy | $321,343 |
| Travel | $51,442 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $47,507 |
| Interest | $0 |
| Payments to affiliates | $556,918 |
| Depreciation, depletion, and amortization | $122,085 |
| Insurance | $47,615 |
| All other expenses | $0 |
| Total functional expenses | $3,255,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,652 |
| Savings and temporary cash investments | $1,022,219 |
| 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 | $2,603,450 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,742,321 |
| 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 | $36,186 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $36,186 |
| Net assets without donor restrictions | $1,728,600 |
| Net assets with donor restrictions | $1,977,535 |
| 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 | $3,742,321 |
Grants Awarded
Over the last fiscal year, International Union Of Elevator Constructors has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ELEVATOR CONSTRUCTORS LOCAL 5 CHARITABLE FUND PURPOSE: TO PROVIDE ASSISTANCE TO PURCHASE AND TO INTALL STAIR CHAIRS FOR DISABLED VETERANS. | $10,000 |
JOHN DOUGHERTY TESTIMONIAL CELEBRATION PURPOSE: TO PROVIDE ASSITANCE IN TESTIMONY AND TRIAL. | $10,000 |