Cement Masons Union Local 502
- Assets
- $5.6m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 12
- Location
- Bellwood, IL
- Founding
- 11/1973
- Data as of
- 12/2020
- EIN
- 36-2487783
Organization Overview
Cement Masons Union Local 502 is located in Bellwood, IL. The organization was established in 1973. According to its NTEE Classification (Y42) the organization is classified as: Domestic Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2020, Cement Masons Union Local 502 employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cement Masons Union Local 502 is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2020, Cement Masons Union Local 502 generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $1.5m during the year ending 12/2020. While expenses have increased by 21.4% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TRAIN AND EDUCATE CEMENT MASON APPRENTICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FOR THE EDUCATION AND TRAINING OF CEMENT MASONS APPRRENTICES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Antonio Acevedo Training Coordinator | Officer | 45 | $89,073 |
Patrick La Cassa Trustee - Past | Trustee | 1 | $0 |
Lawrence Picardi Sr Trustee | Trustee | 1 | $0 |
Phil Diekemper Trustee | Trustee | 1 | $0 |
Steve Baumgartner Alternate Trustee | Trustee | 1 | $0 |
Gary Lundsberg 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 | $1,910,360 |
| Investment income | $110,031 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $2,020,391 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $146,098 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $293,419 |
| Pension plan accruals and contributions | $74,566 |
| Other employee benefits | $115,625 |
| Payroll taxes | $34,252 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,232 |
| Fees for services: Accounting | $36,038 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,113 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,834 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $523,279 |
| Travel | $4,498 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,842 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $70,579 |
| Insurance | $9,083 |
| All other expenses | $1,510 |
| Total functional expenses | $1,518,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $600,755 |
| Savings and temporary cash investments | $423,774 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $198,882 |
| 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 | $21,097 |
| Net Land, buildings, and equipment | $244,998 |
| Investments—publicly traded securities | $4,102,992 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,592,498 |
| Accounts payable and accrued expenses | $403,676 |
| 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 | $403,676 |
| Net assets without donor restrictions | $0 |
| 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 | $5,188,822 |
| Total liabilities and net assets/fund balances | $5,592,498 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Masonic Temple Association Of Lexington Lexington, KY | $2,312,779 | $4,567,232 |
Servco-Aer Employees Health And Welfare Benefit Tr Madison, WI | $3,372,592 | $2,384,758 |
Free & Accepted Masons Of Indiana Grand Lodge Indianapolis, IN | $7,665,885 | $1,746,893 |
Cement Masons Union Local 502 Bellwood, IL | $5,592,498 | $2,020,391 |
Ancient Free & Accepted Masons Of Illinois Springfield, IL | $22,709,739 | $1,560,369 |
Grand Lodge Of Kentucky Free And Accepted Masons Louisville, KY | $14,214,526 | $2,084,454 |
Ancient Free & Accepted Masons Of Iowa Cedar Rapids, IA | $9,089,840 | $1,661,823 |
Shriners International St Louis, MO | $4,009,545 | $872,837 |
Kosair Shriners Louisville, KY | $8,893,467 | $972,982 |
Murat Shriners Indianapolis, IN | $9,915,581 | $1,836,990 |
Medinah Shriners Addison, IL | $10,723,962 | $857,016 |
Fraternal Order Of Eagles Alexandria, IN | $2,463,541 | $782,282 |