International Longshoremens Association
- Assets
- $785.5k
- Revenue
- $519.7k
- Investments
- $0.0
- Employees
- 16
- Location
- Norfolk, VA
- Founding
- 05/1972
- Data as of
- 09/2023
- EIN
- 54-0902506
Organization Overview
International Longshoremens Association is located in Norfolk, VA. The organization was established in 1972. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 09/2023, International Longshoremens Association employed 16 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 09/2023, International Longshoremens Association generated $519.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $574.3k during the year ending 09/2023. While expenses have increased by 2.9% 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
PROVIDE MEMBER SERVICES, INLCUDING COLLECTIVE BARGAINING FOR WAGES, BENEFITS AND WORKING CONDITIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MEMBER SERVICES TO THE MEMBERS OF THE LOCAL.
PROVIDE SCHOLARSHIPS TO CHILDREN OF THE LOCAL. MAKE DONATIONS TO COMMUNITY CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Walton President | OfficerTrustee | 50 | $181,553 |
Monta Bivins Vice Preside | OfficerTrustee | 5 | $39,292 |
Richard Light Jr Fin. Sec/tre | OfficerTrustee | 5 | $32,850 |
Roger Westcott Rec Sec/trus | OfficerTrustee | 5 | $18,032 |
Shawron White Dist. Counci | Trustee | $5,072 | |
Derrick Perry Chaplin | Trustee | $2,800 |
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 | $514,141 |
| Investment income | $5,587 |
| 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 | $519,728 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,550 |
| Grants and other assistance to domestic individuals. | $3,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $287,913 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,540 |
| Pension plan accruals and contributions | $13,622 |
| Other employee benefits | $26,487 |
| Payroll taxes | $20,918 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,482 |
| Fees for services: Accounting | $39,256 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $250 |
| Office expenses | $1,234 |
| Information technology | $6,121 |
| Royalties | $0 |
| Occupancy | $15,000 |
| Travel | $19,974 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,137 |
| Interest | $120 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $841 |
| Insurance | $1,167 |
| All other expenses | $539 |
| Total functional expenses | $574,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $409,198 |
| Savings and temporary cash investments | $374,903 |
| 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 | $80 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,335 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $785,516 |
| 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 | $5,883 |
| Total liabilities | $5,883 |
| Net assets without donor restrictions | $779,633 |
| 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 | $785,516 |