Plumbers & Pipefitters Lu 421 Labor Management Fund
- Assets
- $1.7m
- Revenue
- $727.2k
- Investments
- $0.0
- Employees
- 1
- Location
- N Charleston, SC
- Founding
- 09/1999
- Data as of
- 12/2023
- 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 12/2023, Plumbers & Pipefitters Lu 421 Labor Management Fund generated $727.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $541.0k during the year ending 12/2023. While expenses have increased by 16.6% 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.
Since 2016, Plumbers & Pipefitters Lu 421 Labor Management Fund has awarded 20 individual grants totaling $1,894,155. 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
2023
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 |
|---|---|---|---|
Tim Clark Trustee | Trustee | 2 | $0 |
Caroll Garrett Trustee | Trustee | 2 | $0 |
Zane Gauldin Trustee | Trustee | 2 | $0 |
Jeff Morgan Trustee | Trustee | 2 | $0 |
Steve Smith 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 | $696,463 |
| Investment income | $30,724 |
| 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 | $727,187 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $395,185 |
| 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 | $11,000 |
| Fees for services: Legal | $1,131 |
| Fees for services: Accounting | $24,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,132 |
| Fees for services: Other | $55,774 |
| Advertising and promotion | $2,700 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,806 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $630 |
| All other expenses | $9,294 |
| Total functional expenses | $541,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $302,501 |
| Savings and temporary cash investments | $771,472 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $84,100 |
| 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 | $560,144 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,718,217 |
| Accounts payable and accrued expenses | $106,118 |
| 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 | $106,118 |
| Net assets without donor restrictions | $1,612,099 |
| 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 | $1,718,217 |
Grants Awarded
Over the last fiscal year, Plumbers & Pipefitters Lu 421 Labor Management Fund has awarded $395,185 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
421 VACATION FUND | | | $23,144 |
LOCAL UNION 421 | | | $303,081 |
421 JATC | | | $68,960 |