United Brotherhood Of Carpenters & Joiners Of America Local Union 314
- Assets
- $777.9k
- Revenue
- $579.1k
- Investments
- $443.1k
- Employees
- 13
- Location
- Madison, WI
- Founding
- 10/1940
- Data as of
- 06/2024
- EIN
- 39-0198847
Organization Overview
United Brotherhood Of Carpenters & Joiners Of America Local Union 314 is located in Madison, WI. 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 06/2024, United Brotherhood Of Carpenters & Joiners Of America Local Union 314 employed 13 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. United Brotherhood Of Carpenters & Joiners Of America Local Union 314 is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2024, United Brotherhood Of Carpenters & Joiners Of America Local Union 314 generated $579.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $557.1k during the year ending 06/2024. While expenses have increased by 2.7% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND PROTECT THE INTEREST OF OUR MEMBERSHIP, TO ENCOURAGE THE APPRENTICESHIP SYSTEM AND HIGHER STANDARD OF SKILL, TO REDUCE THE HOURS OF LABOR, TO SECURE ADEQUATE PAY FOR OUR WORK, TO ELEVATE THE STANDARD OF OUR CRAFT, TO CULTIVATE A FEELING OF FRIENDSHIP AMONG THE MEMBERS OF THIS BROTHERHOOD, TO ASSIST OUR MEMBERS IN PROCURING EMPLOYMENT AND TO PROTECT OUR MEMBERS BY LEGAL AND PROPER MEANS AGAINST ANY INJUSTICE THAT MAY BE DONE TO THEM, AND TO IMPROVE THE MORAL, SOCIAL AND INTELLECTUAL CONDITIONS OF OUR MEMBERS AND ALL WORKING PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OBJECTS OF THIS LOCAL UNION SHALL BE TO PROMOTE AND PROTECT THE INTEREST OF OUR MEMBERSHIP, TO ENCOURAGE THE APPRENTICESHIP SYSTEM AND HIGHER STANDARD OF SKILL, TO REDUCE THE HOURS OF LABOR, TO SECURE ADEQUATE PAY FOR OUR WORK, TO ELEVATE THE STANDARD OF OUR CRAFT, TO CULTIVATE A FEELING OF FRIENDSHIP AMONG THE MEMBERS OF THIS BROTHERHOOD, TO ASSIST OUR MEMBERS IN PROCURING EMPLOYMENT AND TO PROTECT OUR MEMBERS BY LEGAL AND PROPER MEANS AGAINST ANY INJUSTICE THAT MAY BE DONE TO THEM, AND TO IMPROVE THE MORAL, SOCIAL AND INTELLECTUAL CONDITIONS OF OUR MEMBERS AND ALL WORKING PEOPLE.
DONATIONS TO PERSONS AND NON-PROFIT ORGANIZATIONS TO PROMOTE UNION PRESENCE IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Luis Garcia President (thru July) | OfficerTrustee | 1.8 | $1,806 |
Charles Vandergriff Vice President | OfficerTrustee | 1.2 | $2,346 |
Scott Watson Financial Secretary (thru July) | OfficerTrustee | 3.9 | $3,837 |
Joseph Nelson Treasurer | OfficerTrustee | 3.9 | $7,975 |
Robert Nelson Conductor | OfficerTrustee | 0.9 | $1,877 |
Daniel Hopp Trustee | Trustee | 1.2 | $2,571 |
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 | $561,653 |
| Investment income | $17,461 |
| 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 | $579,132 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,370 |
| Grants and other assistance to domestic individuals. | $2,139 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $40,071 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $16,704 |
| Other employee benefits | $124,853 |
| Payroll taxes | $3,681 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,060 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,815 |
| Advertising and promotion | $675 |
| Office expenses | $22,710 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,210 |
| Travel | $26,752 |
| 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 | $0 |
| Insurance | $267 |
| All other expenses | $235 |
| Total functional expenses | $557,131 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $329,151 |
| Savings and temporary cash investments | $0 |
| 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 | $5,594 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $443,130 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $777,875 |
| Accounts payable and accrued expenses | $314 |
| 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 | $314 |
| Net assets without donor restrictions | $777,561 |
| 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 | $777,875 |