International Association Of Machinists & Aerospace Workers
- Assets
- $1.5m
- Revenue
- $188.8k
- Investments
- $0.0
- Employees
- 19
- Location
- Westland, MI
- Founding
- 12/1940
- Data as of
- 12/2021
- EIN
- 38-1036590
Organization Overview
International Association Of Machinists & Aerospace Workers is located in Westland, MI. 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 12/2021, International Association Of Machinists & Aerospace Workers employed 19 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 12/2021, International Association Of Machinists & Aerospace Workers generated $188.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.5%) each year. All expenses for the organization totaled $179.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (18.4%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE BETTERMENT OF WAGES, HOURS, AND WORK CONDITIONS FOR OUR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BETTERMENT OF WAGES, HOURS, AND WORKING CONDITIONS FOR OUR MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Payne Office Administrator | Officer | 32 | $40,421 |
Sean Mcdonald President | Officer | 5 | $5,505 |
Kelley Claxton Recording Secretary | Officer | 3 | $4,396 |
Matthew Combs Vice President | Officer | 2 | $2,912 |
Russell Lozon Conductor Sentinel | Officer | 2 | $1,800 |
Jeffery Wolas Trustee | Officer | 2 | $1,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $102,024 |
| 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 | $102,024 |
| Total Program Service Revenue | $6,645 |
| Investment income | $40,053 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,000 |
| 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 | $188,813 |
| 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. | $57,334 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,102 |
| Pension plan accruals and contributions | $5,728 |
| Other employee benefits | $0 |
| Payroll taxes | $4,741 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,820 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,015 |
| Information technology | $5,216 |
| Royalties | $0 |
| Occupancy | $46,690 |
| Travel | $7,876 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $353 |
| Interest | $28,896 |
| Payments to affiliates | $6,824 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,377 |
| All other expenses | $868 |
| Total functional expenses | $179,840 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $303,463 |
| Savings and temporary cash investments | $67,594 |
| 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 | $2,164 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $197,300 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $894,798 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,465,319 |
| Accounts payable and accrued expenses | $189,204 |
| 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 | $189,204 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,276,115 |
| 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 | $1,465,319 |