Operative Plasterers & Cement Masons International Association
- Assets
- $4.5m
- Revenue
- $2.4m
- Investments
- $193.1k
- Employees
- 18
- Location
- Minneapolis, MN
- Founding
- 07/1940
- Data as of
- 12/2023
- EIN
- 41-1694340
Organization Overview
Operative Plasterers & Cement Masons International Association is located in Minneapolis, 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, Operative Plasterers & Cement Masons International Association employed 18 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Operative Plasterers & Cement Masons International Association 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, Operative Plasterers & Cement Masons International Association generated $2.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $2.3m during the year ending 12/2023. While expenses have increased by 2.9% per year over the past 8 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
LABOR UNION
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENCOURAGE A HIGH STANDARD OF SKILL, THUS PROVIDING THE TRADE WITH COMPETENT WORKERS; TO OBTAIN AND MAINTAIN A FAIR STANDARD OF WAGES; TO ASSIST EACH OTHER IN SECURING EMPLOYMENT; TO PROTECT THE JURISDICTION OF THE TRADE; TO THOROUGHLY ORGANIZE THOSE WORKING AT OUR CRAFTS FOR MUTUAL BENEFIT, PROTECTION AND GENERAL WELL-BEING; AND TO ADVANCE AND ELEVATE THE MORAL, INTELLECTUAL, SOCIAL, AND FINANCIAL CONDITIONS OF ALL ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Morris Business Mgr/business Agent | Officer | 46 | $128,045 |
Dave Schutta Business Mgr/financial Sec - Past | Officer | 46 | $78,473 |
Damon Hantz Business Agent | Officer | 44 | $103,770 |
Matthew Gauthier Business Agent | Officer | 44 | $127,953 |
Brian Gullickson Business Agent | Officer | 44 | $127,953 |
Michael Syversrud Business Agent - Past | Officer | 44 | $56,121 |
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 | $2,278,259 |
| Investment income | $127,515 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,941 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,428,752 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $26,876 |
| Grants and other assistance to domestic individuals. | $1,095 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,147,744 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $190,556 |
| Pension plan accruals and contributions | $66,899 |
| Other employee benefits | $50,078 |
| Payroll taxes | $71,482 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,004 |
| Fees for services: Accounting | $16,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,716 |
| Fees for services: Other | $22,429 |
| Advertising and promotion | $26,136 |
| Office expenses | $76,242 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,267 |
| Travel | $65,218 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,620 |
| Interest | $0 |
| Payments to affiliates | $93,332 |
| Depreciation, depletion, and amortization | $14,591 |
| Insurance | $10,032 |
| All other expenses | $4,467 |
| Total functional expenses | $2,336,749 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $203,486 |
| Savings and temporary cash investments | $3,022,500 |
| 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 | $28,454 |
| Investments—publicly traded securities | $1,036,018 |
| Investments—other securities | $193,103 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,483,561 |
| 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 | $6,919 |
| Total liabilities | $6,919 |
| Net assets without donor restrictions | $4,476,642 |
| 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 | $4,483,561 |
Grants Awarded
Over the last fiscal year, Operative Plasterers & Cement Masons International Association has awarded $15,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRO DE TRABAJADORES UNIDOS EN LA LUCHA PURPOSE: GENERAL SUPPORT | $10,000 |
MINNESOTA STATE BUILDING AND CONSTRUCTION TRADES COUNCIL PURPOSE: GET OUT THE VOTE AND GENERAL SUPPORT | $5,500 |