International Association Of Machinists & Aerospace Workers
- Assets
- $3.1m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 22
- Location
- Wichita, KS
- Founding
- 12/1940
- Data as of
- 12/2023
- EIN
- 48-0411738
Organization Overview
International Association Of Machinists & Aerospace Workers, operating under the name District Lodge #70 IAM& AW, is located in Wichita, KS. 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, District Lodge #70 IAM& AW employed 22 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. District Lodge #70 IAM& AW 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, District Lodge #70 IAM& AW generated $4.4m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $3.7m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 5 years. 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
THE BETTERMENT OF WAGES HOURS AND WORKING CONDITIONS OF REPRESENTED WORKERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
N A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cornell Beard President Dbr | Officer | 40 | $139,133 |
Teressa Peart Secretary Treasurer | Officer | 40 | $139,133 |
Shaun Junkins Adbr | Officer | 40 | $136,184 |
Tyson Kelly Business Representative | Officer | 40 | $124,918 |
Wendy Brooks Business Representative | Officer | 40 | $114,508 |
Bobby Crawford Business Representative | Officer | 40 | $114,966 |
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 | $206,757 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $206,757 |
| Total Program Service Revenue | $3,755,894 |
| Investment income | $364,710 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $4,442,974 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $768,842 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $328,907 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $420,789 |
| Payroll taxes | $84,676 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,335 |
| Advertising and promotion | $1,823 |
| Office expenses | $127,669 |
| Information technology | $8,372 |
| Royalties | $0 |
| Occupancy | $145,715 |
| Travel | $3,413 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,940 |
| Interest | $0 |
| Payments to affiliates | $1,636,944 |
| Depreciation, depletion, and amortization | $8,684 |
| Insurance | $11,364 |
| All other expenses | $35,804 |
| Total functional expenses | $3,684,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $805,763 |
| Savings and temporary cash investments | $386,585 |
| 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 | $13,672 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $14,927 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,918,340 |
| Intangible assets | $0 |
| Other assets | $850 |
| Total assets | $3,140,137 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $3,140,137 |
| 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 | $3,140,137 |