International Union Of Elevator Constructors
- Assets
- $1.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 8
- Location
- Charlotte, NC
- Founding
- 04/1967
- Data as of
- 12/2022
- EIN
- 56-6085404
Organization Overview
International Union Of Elevator Constructors is located in Charlotte, NC. The organization was established in 1967. According to its NTEE Classification (Q99) the organization is classified as: International, Foreign Affairs & National Security N.E.C., under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2022, International Union Of Elevator Constructors employed 8 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. International Union Of Elevator Constructors is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2022, International Union Of Elevator Constructors generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $1.0m during the year ending 12/2022. While expenses have increased by 11.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZE ELEVATOR WORKERS AND IMPROVE WAGES, WORKING CONDITIONS AND OTHER ECONOMIC ADVANTAGES THROUGH ORGANIZATION, NEGOTIATIONS AND COLLECTIVE BARGAINING FOR 466 MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LOCAL HELPED TO IMPROVE WAGES, HOURS AND WORKING CONDITIOINS BY REPRESENTING MEMBERS IN GRIEVANCE PROCEDURES, ARBITRATION, AND CONTRACT NEGOTIATIONS FOR 466 MEMBERS. ORGANIZING EFFORTS RESULTED IN NEW BARGAING UNITS WHICH HELPS PROMOTE THE PRINCIPLE OF FREE COLLECTIVE BARGAINING AND STRENGTHEN THE UNION'S NUMBERS. ASSIST MEMBERS WITH ARIOUS BENEFIT PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick C Lavender Business Mgr | OfficerTrustee | 40 | $126,408 |
Gregory Wasik Business Rep | 40 | $109,074 | |
William Perkins President | OfficerTrustee | 1 | $139 |
Mike Meyer Trustee | OfficerTrustee | 1 | $28 |
Colby Huggins Trustee | OfficerTrustee | 1 | $28 |
William Wallace Vice Preside | OfficerTrustee | 1 | $28 |
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 | $1,201,995 |
| Investment income | $7,463 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $804 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$19,457 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,191,015 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $28,650 |
| Compensation of current officers, directors, key employees. | $209,141 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $126,277 |
| Pension plan accruals and contributions | $47,774 |
| Other employee benefits | $37,954 |
| Payroll taxes | $20,187 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,977 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,805 |
| Fees for services: Other | $210 |
| Advertising and promotion | $0 |
| Office expenses | $25,860 |
| Information technology | $4,118 |
| Royalties | $0 |
| Occupancy | $12,764 |
| Travel | $55,931 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,230 |
| Interest | $805 |
| Payments to affiliates | $411,910 |
| Depreciation, depletion, and amortization | $3,245 |
| Insurance | $6,525 |
| All other expenses | $280 |
| Total functional expenses | $1,037,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $614,685 |
| Savings and temporary cash investments | $502,416 |
| 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 | $1,255 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $13,729 |
| Investments—publicly traded securities | $168,068 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $191 |
| Total assets | $1,300,344 |
| 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 | $17,258 |
| Total liabilities | $17,258 |
| Net assets without donor restrictions | $1,283,086 |
| 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 | $1,300,344 |
Grants Awarded
Over the last fiscal year, International Union Of Elevator Constructors has awarded $30,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
IUEC GOLF OUTING CHARITY PURPOSE: GOLF OUTING BENEFIT TOY BOX CONNECTION CHILDRENS CHARITY | $10,000 |
IUEC MEMORIAL FUND PURPOSE: MEMBER MEORIAL | $10,000 |
LOCAL 5 LIFT FOR VET CHARITY PURPOSE: ELEVATOR INSTALL IN RESIDENCE DISABLED MILITARY VETERANS | $10,000 |