Iron Workers Regional Shop Local Union No 851
- Assets
- $1.5m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 5
- Location
- Wayne, MI
- Founding
- Data as of
- 06/2022
- EIN
- 32-0511014
Organization Overview
Iron Workers Regional Shop Local Union No 851 is located in Wayne, MI. As of 06/2022, Iron Workers Regional Shop Local Union No 851 employed 5 individuals. Iron Workers Regional Shop Local Union No 851 is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2022, Iron Workers Regional Shop Local Union No 851 generated $1.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 5.0% per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LOCAL TRADE UNION ADVOCATING FOR AND REPRESENTING ITS MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOCAL TRADE UNION ADVOCATING FOR AND REPRESENTING ITS MEMBERS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael D Baumann Pres, Fin Se | Officer | 40 | $74,800 |
Tracy L Cutright Vice Preside | Officer | 40 | $66,152 |
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 | $992,289 |
| Investment income | $11,637 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,367 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,351,275 |
| 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 | $23,250 |
| Compensation of current officers, directors, key employees. | $140,952 |
| Compensation of current officers, directors, key employees. | $14,095 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $143,510 |
| Pension plan accruals and contributions | $32,019 |
| Other employee benefits | $64,794 |
| Payroll taxes | $24,113 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $46,454 |
| Fees for services: Accounting | $40,888 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,118 |
| Fees for services: Other | $12,221 |
| Advertising and promotion | $0 |
| Office expenses | $10,757 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $64,789 |
| Travel | $44,916 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,488 |
| Interest | $402 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,910 |
| Insurance | $10,330 |
| All other expenses | $26,861 |
| Total functional expenses | $1,291,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $286,782 |
| Savings and temporary cash investments | $1,046,912 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $300 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $85,473 |
| Inventories for sale or use | $5,469 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $75,733 |
| Investments—publicly traded securities | $29,330 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,529,999 |
| Accounts payable and accrued expenses | $4,663 |
| 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 | $455 |
| Other liabilities | $0 |
| Total liabilities | $5,118 |
| Net assets without donor restrictions | $1,524,881 |
| 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 | $1,529,999 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chinese American Service League Inc Chicago, IL | $15,835,299 | $20,315,146 |
Germantown Home Philadelphia, PA | $23,238,200 | $17,117,508 |
Sholom Home East Inc St Paul, MN | $55,805,227 | $20,264,604 |
Chandler Hall Health Services Inc Newtown, PA | $26,412,529 | $17,505,940 |
Botsford Continuing Care Corporation Southfield, MI | $28,554,348 | $16,692,642 |
American Association Of Orthopaedic Surgeons Of America Rosemont, IL | $21,165,468 | $24,653,127 |
Blackburn University Carlinville, IL | $69,417,787 | $20,572,819 |
Executive Education Academy Charter School Allentown, PA | $63,584,076 | $23,169,797 |
Community Legal Services Inc Philadelphia, PA | $20,694,601 | $20,774,549 |
Southern Painters Welfare Fund Pittsburgh, PA | $17,172,930 | $23,602,516 |
Community Support Services Inc Akron, OH | $23,036,222 | $26,517,082 |
Montgomery Place Chicago, IL | $31,885,880 | $16,111,662 |