International Association Pension Plan
- Assets
- $124.6m
- Revenue
- $63.5m
- Investments
- $6.4m
- Employees
- 171
- Location
- Washington, DC
- Founding
- 06/1942
- Data as of
- 06/2023
- EIN
- 43-0337330
Organization Overview
International Association Pension Plan is located in Washington, DC. The organization was established in 1942. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 06/2023, International Association Pension Plan employed 171 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Association Pension Plan 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, International Association Pension Plan generated $63.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $60.0m during the year ending 06/2023. While expenses have increased by 1.2% 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.
Since 2015, International Association Pension Plan has awarded 77 individual grants totaling $2,794,497. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE INTN'L ASSOC. OF BRIDGE, STRUCTURAL, ORNAMENTAL & REINFORCING IRON WORKERS SERVES AS THE LABOR ORGANIZATION FOR VARIOUS SEGMENTS OF THE IRONWORKING INDUSTRY IN THE US AND CANADA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVES AS THE BARGAINING REPRESENTATIVE FOR LABORERS IN THE IRONWORKING INDUSTRY -- ORGANIZES WORKERS, NEGOTIATES BETTER WAGES AND BENEFITS, PROMOTES FAIR LABOR STANDARDS AND PRACTICES, TRAINS WORKERS TO MEET EMPLOYER NEEDS AND TO ADVANCE THEIR OWN SKILLS, AND DEVELOPS ENHANCEMENTS IN WORKPLACE SAFETY AND EFFICIENCY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Dean General President | OfficerTrustee | 50 | $482,068 |
Ron Piksa General Secretary | OfficerTrustee | 50 | $392,663 |
Kevin Hilton CEO Of Impact | 50 | $331,585 | |
Kenneth Dean General Treasurer | OfficerTrustee | 50 | $347,190 |
James Mahoney 3rd General Vice President | OfficerTrustee | 50 | $262,952 |
Lee Worley Executive Director | 50 | $262,952 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mosaic Printing Services | 6/29/23 | $1,359,866 |
Softchoice Corporation Information Tech | 6/29/23 | $718,720 |
Marco Mcguire Arreola Legal | 6/29/23 | $405,045 |
Withumsmithbrown Pc Accounting | 6/29/23 | $345,343 |
Salesforce Information Tech | 6/29/23 | $242,667 |
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 | $60,027,521 |
| Investment income | $3,547,490 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$333,311 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $61,674 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $63,527,694 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $837,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $25,000 |
| Benefits paid to or for members | $2,561,127 |
| Compensation of current officers, directors, key employees. | $3,922,840 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,797,226 |
| Pension plan accruals and contributions | $4,582,099 |
| Other employee benefits | $4,203,096 |
| Payroll taxes | $1,587,086 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $666,886 |
| Fees for services: Accounting | $380,343 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $210,765 |
| Fees for services: Other | $79,042 |
| Advertising and promotion | $0 |
| Office expenses | $2,242,189 |
| Information technology | $1,643,351 |
| Royalties | $0 |
| Occupancy | $2,380,848 |
| Travel | $1,745,038 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $909,175 |
| Interest | $0 |
| Payments to affiliates | $1,813,952 |
| Depreciation, depletion, and amortization | $1,170,587 |
| Insurance | $494,076 |
| All other expenses | $312,184 |
| Total functional expenses | $59,977,630 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,990,716 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,763,420 |
| Investments—publicly traded securities | $102,376,153 |
| Investments—other securities | $6,418,621 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,043 |
| Total assets | $124,550,953 |
| 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 | $585,547 |
| Total liabilities | $585,547 |
| Net assets without donor restrictions | $123,965,406 |
| 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 | $124,550,953 |
Grants Awarded
Over the last fiscal year, International Association Pension Plan has awarded $186,295 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
SMWI SCHOLARSHIP FOUNDATION PURPOSE: PROGRAM SUPPORT | $12,000 |
ARISE CHICAGO PURPOSE: PROGRAM SUPPORT | $25,000 |
UNION SPORTSMEN'S ALLIANCE PURPOSE: PROGRAM SUPPORT | $5,500 |
CHICAGO FEDERATION OF LABOR WORKERS PURPOSE: PROGRAM SUPPORT | $43,000 |
CMRAVE PURPOSE: GENERAL SUPPORT | $12,000 |
ECONOMIC POLICY INSTITUTE PURPOSE: PROGRAM SUPPORT | $20,000 |