International Association Of Machinists & Aerospace Workers
- Assets
- $14.8m
- Revenue
- $9.5m
- Investments
- $0.0
- Employees
- 184
- Location
- Aurora, IL
- Founding
- 12/1940
- Data as of
- 12/2022
- EIN
- 36-0759680
Organization Overview
International Association Of Machinists & Aerospace Workers is located in Aurora, IL. 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. As of 12/2022, International Association Of Machinists & Aerospace Workers employed 184 individuals. 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 12/2022, International Association Of Machinists & Aerospace Workers generated $9.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $9.5m during the year ending 12/2022. While expenses have increased by 5.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A LABOR UNION FORMED TO ORGANIZE ALL WORKERS FOR THE ECONOMIC MORAL AND SOCIAL ADVANCEMENT OF THEIR CONDITION AND STATUS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAYMENTS TO AFFILIATES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fidel Alcaide Trustee | OfficerTrustee | 5 | $6,602 |
Gregory Pasko Trustee | OfficerTrustee | 5 | $1,000 |
Kendal Markham Trustee | OfficerTrustee | 5 | $9,103 |
Joseph Schaffer President | Officer | 5 | $12,805 |
Gregory Costenero Vice President | Officer | 5 | $6,000 |
Richard Brown Sec Treasurer | Officer | 45 | $104,966 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $11,000 |
| 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 | $11,000 |
| Total Program Service Revenue | $7,241,095 |
| Investment income | $300,206 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $63,183 |
| 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 | $9,473,594 |
| 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 | $85,980 |
| Compensation of current officers, directors, key employees. | $159,618 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,886,510 |
| Pension plan accruals and contributions | $287,458 |
| Other employee benefits | $311,362 |
| Payroll taxes | $163,669 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $154,864 |
| Fees for services: Accounting | $15,187 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,800 |
| Advertising and promotion | $12,592 |
| Office expenses | $214,568 |
| Information technology | $18,807 |
| Royalties | $0 |
| Occupancy | $323,730 |
| Travel | $39,223 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $69,682 |
| Interest | $0 |
| Payments to affiliates | $2,964,429 |
| Depreciation, depletion, and amortization | $248,266 |
| Insurance | $76,271 |
| All other expenses | $17,742 |
| Total functional expenses | $9,507,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $671,184 |
| Savings and temporary cash investments | $247,210 |
| 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 | $22,924 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,603,527 |
| Investments—publicly traded securities | $9,226,685 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,771,530 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $14,771,530 |
| 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 | $14,771,530 |
Grants Awarded
Over the last fiscal year, International Association Of Machinists & Aerospace Workers has awarded $15,803 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHICAGO FEDERATION OF LABOR PURPOSE: 2020 HAYMARKET LABOR DAY DONATION | $10,000 |
MNPL EDUCATION FUND PURPOSE: EDUCATION ASSISTANCE | $5,803 |