International Association Of Sheet Metal Air Rail & Transportation
- Assets
- $1.3m
- Revenue
- $920.9k
- Investments
- $556.3k
- Employees
- 4
- Location
- Wichita, KS
- Founding
- 02/2015
- Data as of
- 12/2023
- EIN
- 48-0413828
Organization Overview
International Association Of Sheet Metal Air Rail & Transportation is located in Wichita, KS. The organization was established in 2015. 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, International Association Of Sheet Metal Air Rail & Transportation employed 4 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. International Association Of Sheet Metal Air Rail & Transportation 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, International Association Of Sheet Metal Air Rail & Transportation generated $920.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $754.7k during the year ending 12/2023. While expenses have increased by 1.8% per year over the past 6 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
THE UNION'S PURPOSE INCLUDES NEGOTIATING FAIR WAGES, SAFE WORKING CONDITIONS, JOB PROTECTION, AND EDUCATION OF ITS MEMBERS. MEMBERSHIP CONSISTS OF JOURNEYMEN AND APPRENTICES OF THE SHEET METAL TRADES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNION ALLOCATES A PORTION OF ASSESSMENTS TO AN EQUALITY FUND. THE FUNDS ARE ALLOCATED TO ALLOW UNION CONTRACTORS TO BID AGAINST NON-UNION CONTRACTORS AS A SUPPLEMENT TO PROVIDE A MORE COMPETITIVE BID FOR THE UNION CONTRACT BIDDER. BIDS ARE ALLOTTED AT A PRE-DETERMINED AMOUNT BASED ON THE JOB AND TIME THAT IS CALCULATED FOR THE BID. THE BOARD APPROVES EACH SUPPLEMENT FOR A PRE-DETERMINED RATE PER MEMBER HOUR WORKED ON THE JOB. TIME SHEETS ARE TURNED INTO THE UNION AND THE BOARD APPROVES THE PAYMENT TO CONTRACTORS BASED ON THE AMOUNT THAT WAS APPROVED PER HOUR FOR A PARTICULAR BID. THIS IS GENERALLY RESERVED FOR SIGNIFICANT JOBS WHERE NON-UNION CONTRACTORS BID ALONGSIDE UNION CONTRACTORS. THIS PROGRAM KEEPS IN MIND THE MISSION OF THE UNION TO PROVIDE FAIR WAGES AND JOB PROTECTION.
A PORTION OF THE DUES COLLECTED FROM MEMBERS ARE PAID TO THE INTERNATIONAL ASSOCIATION. THE UNION ALSO PAYS PER CAPITA TAXES TO OTHER RELATED LABOR ORGANIZATIONS.
EXPENSES INCURRED IN PERFORMANCE OF THE UNION'S PROGRAM DIRECTIVES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Townsend Fin Sec/bus | Officer | 40 | $87,076 |
Marcus Curran Executive Bo | Officer | 40 | $83,346 |
Anthony Grant Trustee | Trustee | 5 | $0 |
Andrew Hoffman Trustee | Trustee | 5 | $0 |
Phillip Kissinger Trustee | Trustee | 5 | $0 |
Jaden Kutz Trustee | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $132,424 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $63,814 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $196,238 |
| Total Program Service Revenue | $709,732 |
| Investment income | $14,653 |
| 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 | $252 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $920,875 |
| 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. | $170,422 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,247 |
| Pension plan accruals and contributions | $103,501 |
| Other employee benefits | $29,301 |
| Payroll taxes | $20,498 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $888 |
| Fees for services: Accounting | $10,744 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,610 |
| Advertising and promotion | $10,052 |
| Office expenses | $4,715 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,729 |
| Travel | $296 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,983 |
| Interest | $277 |
| Payments to affiliates | $142,536 |
| Depreciation, depletion, and amortization | $13,127 |
| Insurance | $14,908 |
| All other expenses | $6,618 |
| Total functional expenses | $754,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $484,075 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $65,875 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,158 |
| Prepaid expenses and deferred charges | $4,003 |
| Net Land, buildings, and equipment | $68,077 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $556,277 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $70,358 |
| Total assets | $1,250,823 |
| Accounts payable and accrued expenses | $130,229 |
| 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 | $70,675 |
| Total liabilities | $200,904 |
| Net assets without donor restrictions | $561,362 |
| Net assets with donor restrictions | $488,557 |
| 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 | $1,250,823 |