International Union Of Painters And Allied Trades, operating under the name Local 521, is located in Chicago, IL. The organization was established in 1970. 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. As of 12/2023, Local 521 employed 9 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Local 521 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, Local 521 generated $42.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.7%) each year. All expenses for the organization totaled $63.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (15.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDE UNION BENEFITS FROM COLLECTIVE TO ITS MEMBERS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Lambros Kazamias Trustee | 2 | $1,195 | |
Alfredo Lopez Trustee | 2 | $1,550 | |
David Rincon Trustee | 2 | $1,550 | |
Jonathan Flores Warden | 2 | $2,260 | |
Monique Gutierrez President | 2 | $1,680 | |
Jose Mancera Vice President | 2 | $1,545 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Membership dues | $36,041 |
Investment income | $1,599 |
Gain or Loss | $3,121 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $1,818 |
Total Revenue | $42,579 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $38,230 |
Professional fees and other payments to independent contractors | $8,200 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $16,791 |
Total expenses | $63,221 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $44,710 |
Other assets | $0 |
Total assets | $45,028 |
Total liabilities | $1,408 |
Net assets or fund balances | $43,620 |