International Association Of Bridge Structural & Ornamental Iron Wkrs-
- Assets
- $1.7m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 15
- Location
- Cedar Rapids, IA
- Founding
- 07/1945
- Data as of
- 06/2023
- EIN
- 42-0336965
Organization Overview
International Association Of Bridge Structural & Ornamental Iron Wkrs-, operating under the name Ironworkers Local 89, is located in Cedar Rapids, IA. The organization was established in 1945. 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, Ironworkers Local 89 employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ironworkers Local 89 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, Ironworkers Local 89 generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $1.2m during the year ending 06/2023. While expenses have increased by 6.7% 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
TO PROVIDE BENEFITS AND SUPPORT FOR MEMBERS, INCLUDING WORKING UNDER A COLLECTIVE BARGAINING AGREEMENT PROVIDING BETTER PAY, BETTER HEALTH AND RETIREMENT BENEFITS, JOB SECURITY AND SAFE WORKING CONDITIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO COLLECTIVELY REPRESENT THE MEMBERS IN NEGOTIATIONS, PROMOTE WORKER SAFETY, AND IMPROVE WORKING CONDITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Seth Gorman Business Manager | 45 | $102,023 | |
Kevin Knepper Executive Board | Trustee | 1 | $15,708 |
Jeremy Konicek President | OfficerTrustee | 1 | $0 |
Adam Richards Vice President | OfficerTrustee | 1 | $0 |
Brock Munson Secretary | OfficerTrustee | 1 | $0 |
Adam Richards Sgt-At-Arms | OfficerTrustee | 1 | $0 |
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 | $164,793 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $164,793 |
| Total Program Service Revenue | $717,868 |
| Investment income | $11,856 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,000 |
| Net Gain/Loss on Asset Sales | -$1,464 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,325,403 |
| 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 | $444,248 |
| Compensation of current officers, directors, key employees. | $119,323 |
| Compensation of current officers, directors, key employees. | $95,458 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $97,887 |
| Pension plan accruals and contributions | $74,115 |
| Other employee benefits | $37,154 |
| Payroll taxes | $16,614 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,026 |
| Fees for services: Accounting | $18,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,212 |
| Office expenses | $10,547 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,167 |
| Travel | $25,655 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,941 |
| Interest | $0 |
| Payments to affiliates | $172,635 |
| Depreciation, depletion, and amortization | $18,090 |
| Insurance | $8,344 |
| All other expenses | $19,219 |
| Total functional expenses | $1,229,652 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $220,892 |
| Savings and temporary cash investments | $974,323 |
| 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 | $16,128 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $451,799 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,750 |
| Total assets | $1,685,892 |
| Accounts payable and accrued expenses | $48,459 |
| 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 | $214,084 |
| Total liabilities | $262,543 |
| Net assets without donor restrictions | $1,392,796 |
| Net assets with donor restrictions | $30,553 |
| 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 | $1,685,892 |