International Association Of Machinists & Aerospace Workers
- Assets
- $582.3k
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 12
- Location
- Vadnais Heights, MN
- Founding
- 12/1940
- Data as of
- 12/2023
- EIN
- 41-0328890
Organization Overview
International Association Of Machinists & Aerospace Workers is located in Vadnais Heights, MN. 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 12/2023, International Association Of Machinists & Aerospace Workers employed 12 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 12/2023, International Association Of Machinists & Aerospace Workers generated $4.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $4.0m during the year ending 12/2023. While expenses have increased by 4.6% 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
THE BETTERMENT OF WAGES, HOURS, AND WORKING CONDITIONS OF REPRESENTED MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
BETTERMENT OF WAGES, HOURS AND WORKING CONDITIONS OF REPRESENTED MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Steigauf Directing Business Representative | OfficerTrustee | 40 | $124,517 |
John Duerscherl Business Representative | Officer | 40 | $121,060 |
Andrew Peltier Asst Dir Business Representative | Officer | 40 | $120,429 |
Sherman Phillips Business Representative | Officer | 40 | $119,685 |
Daniel Wicklem Secretary Treasurer | Officer | 40 | $83,912 |
Grant Whalen Trustee | Officer | 1 | $16,872 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $400 |
| 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 | $400 |
| Total Program Service Revenue | $3,589,242 |
| Investment income | $50,838 |
| 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 | $1,313 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,020,797 |
| 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 | $96,828 |
| Compensation of current officers, directors, key employees. | $589,108 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $68,910 |
| Pension plan accruals and contributions | $59,248 |
| Other employee benefits | $0 |
| Payroll taxes | $50,139 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,383 |
| Fees for services: Accounting | $120,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,572 |
| Office expenses | $10,899 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $65,619 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,880 |
| Interest | $0 |
| Payments to affiliates | $2,736,259 |
| Depreciation, depletion, and amortization | $1,596 |
| Insurance | $14,300 |
| All other expenses | $0 |
| Total functional expenses | $3,968,086 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $297,491 |
| Savings and temporary cash investments | $5,778 |
| 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 | $3,922 |
| Investments—publicly traded securities | $269,320 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,768 |
| Total assets | $582,279 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $572,589 |
| Paid-in or capital surplus, or land, building, or equipment fund | $9,690 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $582,279 |