International Assoc Of Bridge Structural & Ornamental Iron Work
- Assets
- $1.5m
- Revenue
- $863.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Urbana, IL
- Founding
- 11/1944
- Data as of
- 06/2023
- EIN
- 37-0607813
Organization Overview
International Assoc Of Bridge Structural & Ornamental Iron Work is located in Urbana, IL. The organization was established in 1944. According to its NTEE Classification (Q99) the organization is classified as: International, Foreign Affairs & National Security N.E.C., under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2023, International Assoc Of Bridge Structural & Ornamental Iron Work employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Assoc Of Bridge Structural & Ornamental Iron Work is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2023, International Assoc Of Bridge Structural & Ornamental Iron Work generated $863.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $941.8k during the year ending 06/2023. While expenses have increased by 6.9% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE AND PROTECT THE INTERESTS AND WELFARE OF THE LOCAL'S MEMBERS IN REGARDS TO THEIR TRADE AND CRAFT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEGOTIATE COLLECTIVE BARGAINING AGREEMENTS; ENFORCEMENT OF SUCH AGREEMENTS; PROCUREMENT OF EMPLOYMENT OPPORTUNITIES; AND PROMOTE IMPROVEMENT OF TRADE SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Black Business Mgr & Finance Sec | OfficerTrustee | 40 | $84,074 |
Erik Davis Recording Secretary | OfficerTrustee | 1 | $0 |
Jason Koontz Vice President | OfficerTrustee | 1 | $279 |
Jeremy Ochs President | OfficerTrustee | 2 | $912 |
Michael Boothe Executive Board | OfficerTrustee | 1 | $0 |
John Conder Jr Executive Board | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $842,405 |
| 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 | $842,405 |
| Total Program Service Revenue | $0 |
| Investment income | $22,184 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,830 |
| Net Gain/Loss on Asset Sales | -$45,588 |
| Net Income from Fundraising Events | -$7,952 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $863,253 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,006 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $356,322 |
| Compensation of current officers, directors, key employees. | $159,571 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $70,938 |
| Pension plan accruals and contributions | $45,976 |
| Other employee benefits | $27,854 |
| Payroll taxes | $12,135 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $570 |
| Fees for services: Accounting | $13,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,188 |
| Fees for services: Other | $0 |
| Advertising and promotion | $945 |
| Office expenses | $16,439 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,667 |
| Travel | $12,941 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,952 |
| Insurance | $10,455 |
| All other expenses | $3,291 |
| Total functional expenses | $941,753 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $275,079 |
| Savings and temporary cash investments | $65,832 |
| 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 | $377,405 |
| Investments—publicly traded securities | $768,291 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,486,607 |
| Accounts payable and accrued expenses | $1,391 |
| 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 | $2,047 |
| Total liabilities | $3,438 |
| Net assets without donor restrictions | $1,483,169 |
| 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 | $1,486,607 |