International Brotherhood Of Boilermakers Ironship Builders &
- Assets
- $972.9k
- Revenue
- $128.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Rock Hill, SC
- Founding
- 07/1954
- Data as of
- 06/2024
- EIN
- 57-0246048
Organization Overview
International Brotherhood Of Boilermakers Ironship Builders & is located in Rock Hill, SC. The organization was established in 1954. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 06/2024, International Brotherhood Of Boilermakers Ironship Builders & employed 2 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. International Brotherhood Of Boilermakers Ironship Builders & is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2024, International Brotherhood Of Boilermakers Ironship Builders & generated $128.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $189.1k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (5.8%) per year over the past 5 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
LABOR UNION FOR INTERNATIONAL BROTHERHOOD OF BOILERMAKERS, IRON SHIP BUILDERS, BLACKSMITHS,FORGERS AND HELPERS - LOCAL LODGE 456
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES COLLECTIVE BARGAINING FOR 214 MEMBERS AND IS FINANCED BY DUES FROM MEMBERS WHILE OPERATING UNDER THE GUIDELINES OF THE UNITED STATES DEPARTMENT OF LABOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Blankenship President | OfficerTrustee | 5 | $0 |
Richard Cash Vice President | OfficerTrustee | 5 | $0 |
James Dukes Bus Mgr/treasurer | OfficerTrustee | 20 | $0 |
Craig Mcmillan Recording Secretary | OfficerTrustee | 5 | $0 |
Wendy Tipton Chairman Of Trustees | OfficerTrustee | 5 | $0 |
Robert Wright Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $92,013 |
| 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 | $92,013 |
| Total Program Service Revenue | $0 |
| Investment income | $5,913 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,000 |
| 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 | $128,237 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,496 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,658 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,641 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,975 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,235 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $22,901 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,531 |
| Insurance | $6,348 |
| All other expenses | $200 |
| Total functional expenses | $189,121 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,743 |
| Savings and temporary cash investments | $104,000 |
| 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 | $173 |
| Net Land, buildings, and equipment | $830,430 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $600 |
| Total assets | $972,946 |
| 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 | $265,013 |
| Unsecured mortgages and notes payable | $301,159 |
| Other liabilities | $3,364 |
| Total liabilities | $569,536 |
| Net assets without donor restrictions | $403,410 |
| 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 | $972,946 |