Plumbers & Pipefitters Local 562
- Assets
- $49.0m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 75
- Location
- Earth City, MO
- Founding
- 12/1944
- Data as of
- 12/2022
- EIN
- 43-0560620
Organization Overview
Plumbers & Pipefitters Local 562 is located in Earth City, MO. The organization was established in 1944. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2022, Plumbers & Pipefitters Local 562 employed 75 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Plumbers & Pipefitters Local 562 is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2022, Plumbers & Pipefitters Local 562 generated $7.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $12.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Plumbers & Pipefitters Local 562 has awarded 18 individual grants totaling $1,814,325. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ACHIEVE BY ORGANIZATION THE IMPROVEMENT OF THE SOCIAL AND ECONOMIC CONDITIONS OF EMPLOYEES IDENTIFIED WITH THE PLUMBERS AND PIPEFITTERS INDUSTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOTAL EXPENSES AS SHOWN IN COLUMN A OF PART IX OF FORM 990 WERE INCURRED IN ADMINISTRATION OF THE NECESSARY AND USUAL ACTIVITIES OF A LABOR UNION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Brice II Executive Board | OfficerTrustee | 2 | $8,366 |
Victor H Amidon Executive Board | OfficerTrustee | 2 | $5,413 |
Timothy Kelly Executive Board | OfficerTrustee | 2 | $7,997 |
Richard M Kellett Executive Board/business A | OfficerTrustee | 55 | $136,407 |
Michael J O'connell III Vice President/business Ag | OfficerTrustee | 55 | $136,578 |
Roy L Klebba Business Agent | Officer | 55 | $133,768 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $13,551,687 |
| 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 | $13,551,687 |
| Total Program Service Revenue | $0 |
| Investment income | -$6,675,367 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,845 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,422,429 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $184,110 |
| Grants and other assistance to domestic individuals. | $41,816 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,561,335 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $377,460 |
| Pension plan accruals and contributions | $3,833,934 |
| Other employee benefits | $0 |
| Payroll taxes | $190,821 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $48,193 |
| Fees for services: Accounting | $52,985 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $54,074 |
| Fees for services: Other | $0 |
| Advertising and promotion | $250,050 |
| Office expenses | $198,326 |
| Information technology | $87,654 |
| Royalties | $0 |
| Occupancy | $388,258 |
| Travel | $411,243 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $411,409 |
| Interest | $18,531 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $129,103 |
| Insurance | $5,482 |
| All other expenses | $453,902 |
| Total functional expenses | $12,847,563 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,565,254 |
| 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 | $612,896 |
| Investments—publicly traded securities | $34,855,266 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $49,033,416 |
| Accounts payable and accrued expenses | $26,099 |
| 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 | $26,099 |
| Net assets without donor restrictions | $49,007,317 |
| 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 | $49,033,416 |
Grants Awarded
Over the last fiscal year, Plumbers & Pipefitters Local 562 has awarded $85,370 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THE FALLEN OUTDOORS VIA FISHIN FITTERS PURPOSE: GENERAL SUPPORT | $11,370 |
PLUMBERS & PIPEFITTERS LOCAL UNION 562 POLITICAL EDUCATION FUND PURPOSE: GENERAL SUPPORT | $60,000 |
WELCOME HOME PURPOSE: GENERAL SUPPORT | $14,000 |