International Union Of Operating Enginers Local 487
- Assets
- $9.2m
- Revenue
- $2.7m
- Investments
- $59.1k
- Employees
- 0
- Location
- Miami, FL
- Founding
- 02/1945
- Data as of
- 12/2021
- EIN
- 59-0234380
Organization Overview
International Union Of Operating Enginers Local 487 is located in Miami, FL. The organization was established in 1945. 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. International Union Of Operating Enginers Local 487 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, International Union Of Operating Enginers Local 487 generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 9.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE LOCAL UNION ACTS AS COLLECTIVE BARGAINING AGENT FOR ITS MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE JOBS FOR ITS MEMBERSHIP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Schaunaman Business Manager | OfficerTrustee | 40 | $125,203 |
Scott Singer President, Surveyor | OfficerTrustee | 40 | $100,917 |
John Mullin Vice President | OfficerTrustee | 40 | $98,810 |
Walberto Utreras Financial Secretary | OfficerTrustee | 40 | $96,694 |
Rodney Sanders Rec Secretary | OfficerTrustee | 5 | $1,800 |
Daniel Mccullers Treasurer | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,354,129 |
| Fundraising events | $0 |
| Related organizations | $44,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,213 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,424,342 |
| Total Program Service Revenue | $27,790 |
| Investment income | $198,320 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,000 |
| Net Gain/Loss on Asset Sales | $1,577 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,666,673 |
| 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 | $26,459 |
| Compensation of current officers, directors, key employees. | $423,424 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $538,700 |
| Pension plan accruals and contributions | $262,652 |
| Other employee benefits | $156,260 |
| Payroll taxes | $77,160 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,920 |
| Fees for services: Accounting | $13,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,587 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,691 |
| Office expenses | $24,807 |
| Information technology | $15,206 |
| Royalties | $0 |
| Occupancy | $51,306 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,036 |
| Interest | $128 |
| Payments to affiliates | $282,159 |
| Depreciation, depletion, and amortization | $47,832 |
| Insurance | $1,392 |
| All other expenses | $85,136 |
| Total functional expenses | $2,250,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,214,175 |
| Savings and temporary cash investments | $0 |
| 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 | $1,500,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $142,699 |
| Investments—publicly traded securities | $6,239,338 |
| Investments—other securities | $59,125 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,031 |
| Total assets | $9,158,368 |
| 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 | $75,193 |
| Total liabilities | $75,193 |
| Net assets without donor restrictions | $9,083,175 |
| 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 | $9,158,368 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that International Union Of Operating Enginers Local 487 has recieved totaling $7,414.
| Awarding Organization | Amount |
|---|---|
Operating Engineers Nationalcharity Fund Washington, DC PURPOSE: COVID-19 ASSISTANCE | $7,414 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern States Police Benevolent Association Inc Mcdonough, GA | $14,043,615 | $16,142,933 |
International Longshoremens Assn S Fl Ila Container Royalty Fund Miami, FL | $14,989,550 | $15,311,387 |
Seafarers International Union Of North American Dania Beach, FL | $23,905,405 | $12,764,369 |
Alabama Farmers Federation Inc Montgomery, AL | $51,185,897 | $13,567,426 |
Florida Police Benevolent Association Inc Tallahassee, FL | $14,595,593 | $11,620,647 |
United Teachers Of Dade Miami Springs, FL | $14,323,353 | $11,858,827 |
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 |
American Federation Of Teachers Tamarac, FL | $9,473,418 | $9,327,723 |
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 |