Elevator Industry Work Preservation Fund
- Assets
- $75.5m
- Revenue
- $27.3m
- Investments
- $0.0
- Employees
- 28
- Location
- Columbia, MD
- Founding
- 01/1998
- Data as of
- 06/2021
- EIN
- 52-2051811
Organization Overview
Elevator Industry Work Preservation Fund is located in Columbia, MD. The organization was established in 1998. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 06/2021, Elevator Industry Work Preservation Fund employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elevator Industry Work Preservation Fund is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2021, Elevator Industry Work Preservation Fund generated $27.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $16.7m during the year ending 06/2021. While expenses have increased by 5.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FUND ADMINISTERS A LABOR-MANAGEMENT COOPERATION COMMITTEE. THE EXEMPT PURPOSE OF THIS FUND IS TO IMPROVE LABOR-MANAGEMENT RELATIONS, ECONOMIC DEVELOPMENT, AND OTHER COMMUNICATIONS BETWEEN LABOR AND MANAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND ADMINISTERS A LABOR-MANAGEMENT COOPERATION COMMITTEE. THE EXEMPT PURPOSE OF THIS FUND IS TO IMPROVE LABOR-MANAGEMENT RELATIONS, ECONOMIC DEVELOPMENT, AND OTHER COMMUNICATIONS BETWEEN LABOR AND MANAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Allen Spears National Director | Officer | 50 | $283,055 |
Michael D Morand Asstant Nat'l Director | Officer | 50 | $227,583 |
James M Demmel National Coordinator | 45 | $222,214 | |
Mark S Mullins National Coordinator | 45 | $213,608 | |
Carisa H Barrett National Coordinator | 45 | $212,551 | |
Alex J Krupski National Coordinator | 45 | $212,551 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
O'donoghue & O'donoghue Llp Legal | 6/29/19 | $109,027 |
International Union Of Elevator Construc Rent | 6/29/19 | $103,584 |
Professional Sports Publication Advertising | 6/29/19 | $108,500 |
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 | $25,784,082 |
| Investment income | $44,281 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$13,533 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,265,052 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,440,000 |
| 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. | $4,430,949 |
| Compensation of current officers, directors, key employees. | $4,430,949 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,026,113 |
| Pension plan accruals and contributions | $342,242 |
| Other employee benefits | $259,425 |
| Payroll taxes | $254,918 |
| Fees for services: Management | $15,000 |
| Fees for services: Legal | $3,266 |
| Fees for services: Accounting | $33,000 |
| Fees for services: Lobbying | $920,725 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $251,118 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $103,584 |
| Travel | $9,002 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $80 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,946 |
| Insurance | $43,910 |
| All other expenses | $98,800 |
| Total functional expenses | $16,722,566 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,493,315 |
| Savings and temporary cash investments | $36,210,164 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,257,590 |
| 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 | $36,518 |
| Net Land, buildings, and equipment | $163,073 |
| Investments—publicly traded securities | $918,834 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,430,137 |
| Total assets | $75,509,631 |
| Accounts payable and accrued expenses | $9,949,200 |
| Grants payable | $1,440,000 |
| 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 | $11,389,200 |
| Net assets without donor restrictions | $64,120,431 |
| 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 | $75,509,631 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Farm Bureau Federation Washington, DC | $90,939,255 | $33,384,645 |
Food Allergy Research & Education Inc Mclean, VA | $49,740,343 | $11,947,289 |
Elevator Industry Work Preservation Fund Columbia, MD | $75,509,631 | $27,265,052 |
Downtown Business Improvement District Corporation Washington, DC | $12,848,344 | $15,153,939 |
Virginia Farm Bureau Federation Inc Richmond, VA | $53,446,193 | $7,940,484 |
Rodale Institute Kutztown, PA | $44,853,395 | $12,528,365 |
Hampshire Foundation Inc Wilmington, DE | $84,819,916 | $17,954,468 |
Painters And Allied Trades Labor Management Cooperation Fund Hanover, MD | $16,040,317 | $4,577,967 |
Neighborgood Partners Inc Dover, DE | $35,738,528 | $7,807,910 |
Locus Impact Investing Richmond, VA | $7,023,425 | $9,339,755 |
National Council Of Farmer Cooperatives Washington, DC | $7,136,808 | $5,507,889 |
United Food And Commercial Workers International Union Gaithersburg, MD | $2,738,530 | $4,012,146 |