International Longshoremens Association
- Assets
- $1.8m
- Revenue
- $706.1k
- Investments
- $0.0
- Employees
- 22
- Location
- Virginia Beach, VA
- Founding
- 05/1957
- Data as of
- 12/2023
- EIN
- 54-0460808
Organization Overview
International Longshoremens Association is located in Virginia Beach, VA. The organization was established in 1957. 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 Longshoremens Association employed 22 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. International Longshoremens Association 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 Longshoremens Association generated $706.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $921.4k during the year ending 12/2023. While expenses have increased by 5.6% per year over the past 8 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
SERVICES FOR MEMBERS - UNION BARGAINING, DEATH BENEFITS, SCHOLARSHIP AWARDS, ETC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICES FOR MEMBERS - UNION BARGAINING, DEATH BENEFITS, SCHOLARSHIP AWARDS, ETC.
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 |
|---|---|---|---|
Kevin Halstead President | Officer | 68 | $185,994 |
Larry A Bachtell 1st Vice President | Officer | 32 | $62,578 |
Michael W Heath 2nd Vice President/trustee | OfficerTrustee | 18 | $34,993 |
Bruce L Gray Financial Secretary | Officer | 11 | $31,220 |
Irene C Heath Recording Secretary | Officer | 8 | $17,662 |
Adrian Mungo Trustee | Trustee | 2 | $5,668 |
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 | $694,730 |
| Investment income | $11,339 |
| 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 | $706,069 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $91,652 |
| Compensation of current officers, directors, key employees. | $389,836 |
| Compensation of current officers, directors, key employees. | $238,779 |
| Compensation to disqualified persons | $75,708 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $53,188 |
| Payroll taxes | $31,271 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,500 |
| Fees for services: Accounting | $9,345 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $200 |
| Office expenses | $25,837 |
| Information technology | $3,284 |
| Royalties | $0 |
| Occupancy | $17,936 |
| Travel | $24,642 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,204 |
| Interest | $45,830 |
| Payments to affiliates | $14,453 |
| Depreciation, depletion, and amortization | $24,241 |
| Insurance | $10,108 |
| All other expenses | $50 |
| Total functional expenses | $921,363 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,354 |
| Savings and temporary cash investments | $0 |
| 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 | $647,031 |
| Investments—publicly traded securities | $1,054,847 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,845,232 |
| 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 | $601,823 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $464 |
| Total liabilities | $602,287 |
| Net assets without donor restrictions | $1,242,945 |
| 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 | $1,845,232 |