Amalgamated Transit Union
- Assets
- $34.2m
- Revenue
- $10.3m
- Investments
- $0.0
- Employees
- 421
- Location
- Forestville, MD
- Founding
- 10/1940
- Data as of
- 12/2021
- EIN
- 53-0151930
Organization Overview
Amalgamated Transit Union is located in Forestville, MD. 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 12/2021, Amalgamated Transit Union employed 421 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Amalgamated Transit Union is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2021, Amalgamated Transit Union generated $10.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $8.6m during the year ending 12/2021. While expenses have increased by 2.5% per year over the past 7 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
TO FURTHER THE INTERESTS AND WELFARE OF THE MEMBERSHIP OF THIS ORGANIZATION AND ADVANCE THE CAUSE OF ORGANIZED LABOR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICES PERFORMED BY OFFICERS, DIRECTORS, COMMITTEE STAFF AND SHOP STEWARDS IN SUPPORT AND ASSISTANCE TO LOCAL 689 UNION MEMBERS.
CONTRACT NEGOTIATION, LEGAL AND ARBITRATION EXPENSES FOR SERVICES RENDERED INVOLVING THE SUPPORT AND ASSISTANCE TO LOCAL 689 MEMBERS.
CONFERENCES, CONVENTIONS, MEETINGS AND NEW MEMBER PROGRAM EXPENSE.
PUBLISHING LOCAL 689 NEWSLETTER AND OTHER MISCELLANEOUS EXPENSES IN CONNECTION WITH LOCAL 689 UNION MEMBER ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond Jackson President | Officer | 40 | $199,456 |
Keith Bullock Treasurer | Officer | 40 | $170,155 |
Brenda Thomas Recording Secretary | Officer | 40 | $158,777 |
Derrick Mallard Second Vice President | Officer | 40 | $131,021 |
Damion Cannon Assistant Business Agent | 40 | $125,509 | |
Romoan Bruce Assistant Business Agent | 40 | $125,263 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Labor Bureau Arbitration/contract Negotiation | 12/30/21 | $340,181 |
Doyle Printing & Offset Company Printing Company | 12/30/21 | $175,900 |
Electec Inc Election Service Company | 12/30/21 | $165,146 |
Matthews Carter & Boyce Pc Accounting Services | 12/30/21 | $103,985 |
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 | $8,361,067 |
| Investment income | $343,778 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $56,185 |
| Net Gain/Loss on Asset Sales | $1,585,749 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,347,621 |
| 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. | $2,083,601 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,663,889 |
| Pension plan accruals and contributions | $18,836 |
| Other employee benefits | $48,451 |
| Payroll taxes | $291,844 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $65,486 |
| Fees for services: Accounting | $103,985 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $192,761 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $355,273 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $39,911 |
| Interest | $0 |
| Payments to affiliates | $2,295,881 |
| Depreciation, depletion, and amortization | $169,899 |
| Insurance | $64,990 |
| All other expenses | $150,588 |
| Total functional expenses | $8,555,027 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300 |
| Savings and temporary cash investments | $1,534,729 |
| 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 | $1,981,613 |
| Investments—publicly traded securities | $30,641,564 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,000 |
| Total assets | $34,166,206 |
| 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 | $53,782 |
| Total liabilities | $53,782 |
| Net assets without donor restrictions | $33,678,987 |
| Net assets with donor restrictions | $433,437 |
| 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 | $34,166,206 |