Plumbers & Pipefitters Lu 421 Labor Management Fund
- Assets
- $1.5m
- Revenue
- $629.3k
- Investments
- $0.0
- Employees
- 0
- Location
- N Charleston, SC
- Founding
- 09/1999
- Data as of
- 12/2021
- EIN
- 58-2442647
Organization Overview
Plumbers & Pipefitters Lu 421 Labor Management Fund is located in N Charleston, SC. The organization was established in 1999. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Plumbers & Pipefitters Lu 421 Labor Management Fund 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, Plumbers & Pipefitters Lu 421 Labor Management Fund generated $629.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.9% each year . All expenses for the organization totaled $344.3k during the year ending 12/2021. While expenses have increased by 12.6% 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.
Since 2016, Plumbers & Pipefitters Lu 421 Labor Management Fund has awarded 14 individual grants totaling $1,165,772. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
COORDINATED EFFORT BY LABOR AND MANAGEMENT TO PROMOTE THE PLUMBING AND PIPE FITTING INDUSTRY THROUGHOUT NORTH AND SOUTH CAROLINA THROUGH EDUCATION, ADVERTISING AND MARKETING EFFORTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL EXPENSES ARE INCURRED TO PROMOTE THE PLUMBING AND PIPEFITTING INDUSTRY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zane Gauldin Trustee | Trustee | 2 | $0 |
Caroll Garrett Trustee | Trustee | 2 | $0 |
Reggie Bush Trustee | Trustee | 2 | $0 |
Steve Smith Trustee | Trustee | 2 | $0 |
Jeff Morgan Trustee | Trustee | 2 | $0 |
Bob Hughes Trustee | Trustee | 2 | $0 |
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 | $578,987 |
| Investment income | $50,278 |
| 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 | $629,265 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $297,328 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $9,600 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,132 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,468 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $204 |
| All other expenses | $0 |
| Total functional expenses | $344,316 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $814,600 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,714 |
| 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 | $0 |
| Investments—publicly traded securities | $650,298 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,505,612 |
| Accounts payable and accrued expenses | $110,412 |
| 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 | $0 |
| Total liabilities | $110,412 |
| Net assets without donor restrictions | $1,395,200 |
| 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 | $1,505,612 |
Grants Awarded
Over the last fiscal year, Plumbers & Pipefitters Lu 421 Labor Management Fund has awarded $294,328 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
North Charleston, SC PURPOSE: State Affiliation Fees | $251,395 |
North Charleston, SC PURPOSE: Training Equipment | $28,180 |
PLUMBERS & PIPEFITTERS 421 VACATION FUND PURPOSE: Administration Fees | $14,753 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern States Police Benevolent Association Inc Mcdonough, GA | $14,043,615 | $16,142,933 |
International Longshoremens Association Charleston, SC | $28,570,065 | $10,623,853 |
International Brotherhood Of Teamsters Atlanta, GA | $23,489,965 | $15,555,730 |
United Food And Commercial Workers International Union Suwanee, GA | $6,071,667 | $10,158,607 |
Georgia Poultry Improvement Association Incorporated Gainesville, GA | $416,382 | $8,139,653 |
Southeastern Carpenters Regional Council Augusta, GA | $21,290,027 | $10,060,840 |
International Longshoremens Association Savannah, GA | $24,720,691 | $10,565,303 |
International Society Of Arboriculture Atlanta, GA | $12,941,286 | $10,308,280 |
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Atlanta, GA | $11,124,883 | $7,084,057 |
International Brotherhood Of Electrical Workers Atlanta, GA | $14,594,280 | $8,211,385 |
Us Poultry & Egg Association Inc Tucker, GA | $24,159,341 | $1,212,997 |
State Employees Association Of North Carolina Inc Raleigh, NC | $14,851,829 | $6,581,839 |