International Brotherhood Of Painters And Allied Trades
- Assets
- $4.1m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 11/1998
- Data as of
- 04/2023
- EIN
- 23-2860609
Organization Overview
International Brotherhood Of Painters And Allied Trades is located in Philadelphia, PA. The organization was established in 1998. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Brotherhood Of Painters And Allied Trades is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 04/2023, International Brotherhood Of Painters And Allied Trades generated $2.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $2.6m during the year ending 04/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, International Brotherhood Of Painters And Allied Trades has awarded 38 individual grants totaling $11,091,245. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE FUND IS TO SUBSIDIZE THE AMOUNT A CONTRIBUTING EMPLOYER PAYS FOR FRINGE BENEFITS IN ORDER TO AID COMPETITIVENESS IN OBTAINING CONTRACTS WHICH OTHERWISE MAY BE LOST TO NON-UNION CONTRACTORS. TO ACCOMPLISH THIS PURPOSE, THE FUND DISTRIBUTES BENEFIT GRANTS TO THE PENSION, HEALTH AND WELFARE, ANNUITY, APPRENTICESHIP TRAINING FUNDS, INDUSTRY ADVANCEMENT FUNDS AND LABOR MANAGEMENT FUNDS ON BEHALF OF EMPLOYERS WHO EMPLOY OR DESIRE TO EMPLOY MEMBERS OF THE INTERNATIONAL UNION OF PAINTERS AND ALLIED TRADES DISTRICT COUNCIL 21.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE PAYMENTS TO OTHER IUPAT DISTRICT COUNCIL 21 EMPLOYEE BENEFIT FUNDS TO SUBSIDIZE FRINGE BENEFIT PAYMENTS SO THAT EMPLOYERS USING OR DESIRING TO USE IUPAT DISTRICT COUNCIL 21 MEMBERS MAY BID COMPETIVELY AGAINST NON-UNION EMPLYOERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Micheal Thurman Employer Trustee | Trustee | 1 | $0 |
Joseph Ashdale Union Trustee (p) | Trustee | 1 | $0 |
Francis Mclaughlin Union Trustee | Trustee | 1 | $0 |
Angela Tilotta Employer Trustee | Trustee | 1 | $0 |
Paul Tsourous Employer Trustee | Trustee | 1 | $0 |
Raphael Vargas Union Trustee | Trustee | 1 | $0 |
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 | $2,151,949 |
| Investment income | $73,378 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$23 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,225,304 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,554,154 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,122 |
| Pension plan accruals and contributions | $5,036 |
| Other employee benefits | $6,516 |
| Payroll taxes | $1,425 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $651 |
| Fees for services: Accounting | $9,652 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $846 |
| Fees for services: Other | $483 |
| Advertising and promotion | $0 |
| Office expenses | $1,782 |
| Information technology | $9,731 |
| Royalties | $0 |
| Occupancy | $1,699 |
| Travel | $263 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $195 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $360 |
| Insurance | $1,356 |
| All other expenses | $0 |
| Total functional expenses | $2,612,271 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,750,490 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $274,334 |
| 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 | $2,603 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,081,011 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,108,438 |
| Accounts payable and accrued expenses | $8,500 |
| 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 | $2,584,210 |
| Total liabilities | $2,592,710 |
| Net assets without donor restrictions | $1,515,728 |
| Net assets with donor restrictions | $0 |
| 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 | $4,108,438 |
Grants Awarded
Over the last fiscal year, International Brotherhood Of Painters And Allied Trades has awarded $1,525,409 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DISTRICT COUNCIL 21 HEALTH & WELFARE FUND PURPOSE: SUBSIDIZE BENEFIT FUND TO AID CONTRIBUTING EMPLOYER IN COMPETITIVE BIDDING. | $1,504,523 |
IUPAT PENSION PURPOSE: SUBSIDIZE BENEFIT FUND TO AID CONTRIBUTING EMPLOYER IN COMPETITIVE BIDDING. | $20,886 |