National Association Of Letter Carriers
- Assets
- $10.4m
- Revenue
- $8.0m
- Investments
- $25.0k
- Employees
- 105
- Location
- Chicago, IL
- Founding
- 09/1944
- Data as of
- 12/2023
- EIN
- 36-1034555
Organization Overview
National Association Of Letter Carriers is located in Chicago, IL. 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, National Association Of Letter Carriers employed 105 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. National Association Of Letter Carriers 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, National Association Of Letter Carriers generated $8.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $3.2m during the year ending 12/2023. While expenses have increased by 2.2% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
NEGOTIATE WAGES AND BENEFITS FOR THE ORGANIZATION'S MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEGOTIATE WAGES AND BENEFITS FOR THE ORGANIZATION'S MEMBERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elise Foster President | OfficerTrustee | 40 | $131,186 |
Stafford Price Treasurer | Trustee | 40 | $116,714 |
Yolanda Cavett Recording Secretary | Trustee | 40 | $115,395 |
James Williams Asst. Secretary-Treasurer | Trustee | 10 | $10,166 |
Charles Bundy Auditor | Trustee | 3 | $13,543 |
Dominique White Health Benefit Representative | Trustee | 3 | $7,538 |
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 | $3,040,492 |
| Investment income | $2,888 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $65,660 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $48,232 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,992,597 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $72,575 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $14,250 |
| Compensation of current officers, directors, key employees. | $960,777 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $161,268 |
| Pension plan accruals and contributions | $3,121 |
| Other employee benefits | $0 |
| Payroll taxes | $68,087 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,883 |
| Fees for services: Accounting | $7,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $150 |
| Office expenses | $84,013 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $208,090 |
| Travel | $39,119 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $100,944 |
| Interest | $70 |
| Payments to affiliates | $1,080,910 |
| Depreciation, depletion, and amortization | $152,374 |
| Insurance | $20,729 |
| All other expenses | $39,927 |
| Total functional expenses | $3,201,713 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $462,340 |
| Savings and temporary cash investments | $4,070,052 |
| 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 | $5,886,762 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $25,013 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,444,167 |
| 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 | $3,627 |
| Total liabilities | $3,627 |
| Net assets without donor restrictions | $10,440,540 |
| 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 | $10,444,167 |
Grants Awarded
Over the last fiscal year, National Association Of Letter Carriers has awarded $72,485 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: SUPPORT | $36,373 |
MUSCULAR DYSTROPHY ASSOCIATION PURPOSE: SUPPORT | $21,112 |
NALC DISASTER RELIEF FOUNDATION PURPOSE: SUPPORT | $15,000 |