International Association Of Bridge Structural & Ornamental Iron Wkrs-
- Assets
- $1.6m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 8
- Location
- Cedar Rapids, IA
- Founding
- 07/1945
- Data as of
- 06/2022
- 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 06/2022, Ironworkers Local 89 employed 8 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 06/2022, Ironworkers Local 89 generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. While expenses have increased by 6.5% 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
2022
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 |
|---|---|---|---|
Troy Sauter Former Busin | Officer | 45 | $71,409 |
Seth Gorman Fin Sec/busi | Officer | 45 | $22,984 |
Brock Munson Recording Se | OfficerTrustee | 1 | $0 |
Jeremy Konicek President | OfficerTrustee | 2 | $0 |
Todd Brekke Trustee | Officer | 1 | $0 |
Leonard Landt Trustee | Officer | 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 | $56,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,250 |
| Total Program Service Revenue | $696,456 |
| Investment income | $3,672 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,000 |
| 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 | $1,169,729 |
| 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 | $402,411 |
| Compensation of current officers, directors, key employees. | $171,713 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $136,831 |
| Pension plan accruals and contributions | $56,078 |
| Other employee benefits | $39,129 |
| Payroll taxes | $18,404 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,066 |
| Fees for services: Accounting | $19,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,361 |
| Office expenses | $5,724 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,399 |
| Travel | $23,697 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,780 |
| Interest | $1,583 |
| Payments to affiliates | $177,775 |
| Depreciation, depletion, and amortization | $20,882 |
| Insurance | $8,084 |
| All other expenses | $3,644 |
| Total functional expenses | $1,207,331 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,833 |
| Savings and temporary cash investments | $959,045 |
| 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 | $14,722 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $443,808 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,750 |
| Total assets | $1,575,158 |
| Accounts payable and accrued expenses | $40,841 |
| 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 | $206,719 |
| Total liabilities | $247,560 |
| Net assets without donor restrictions | $1,259,570 |
| Net assets with donor restrictions | $68,028 |
| 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 | $1,575,158 |
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Naesa International Mankato, MN | $2,436,423 | $1,530,201 |
International Association Of Bridge Structural & Ornamental Iron Wkrs Madison, WI | $4,407,818 | $1,420,139 |
International Association Of Bridge Structural & Ornamental Iron Wkrs- Cedar Rapids, IA | $1,575,158 | $1,169,729 |
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