International Operating Engineers Union 407
- Assets
- $1.1m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 6
- Location
- Sulphur, LA
- Founding
- 04/1960
- Data as of
- 08/2022
- EIN
- 72-0368237
Organization Overview
International Operating Engineers Union 407 is located in Sulphur, LA. The organization was established in 1960. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 08/2022, International Operating Engineers Union 407 employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Operating Engineers Union 407 is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 08/2022, International Operating Engineers Union 407 generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $1.1m during the year ending 08/2022. While expenses have increased by 6.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
BETTERMENT OF WORKING CONDITIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
BETTERMENT OF WAGES, HOURS AND WORKING CONDITIONS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Fugatt Financial Secretary | Officer | 50 | $141,518 |
Todd Montie Vice President Rec Secty | Officer | 0 | $140,234 |
Lewis Vance Bus Agent | Officer | 40 | $140,234 |
Sarah Sterns Trustee | Trustee | 0 | $3,050 |
Maurice Wimberley Trustee | Trustee | 0 | $2,876 |
Troy Renard President | Officer | 0 | $2,513 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $946,339 |
| 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 | $946,339 |
| Total Program Service Revenue | $0 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $68,709 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,015,050 |
| 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. | $425,752 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $127,383 |
| Pension plan accruals and contributions | $64,552 |
| Other employee benefits | $60,392 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $46,990 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,588 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,578 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,917 |
| Insurance | $8,013 |
| All other expenses | $13,309 |
| Total functional expenses | $1,105,878 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,979 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $812 |
| 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 | $306,952 |
| Investments—publicly traded securities | $628,028 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,059,771 |
| Accounts payable and accrued expenses | $21,294 |
| 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 | $80,511 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $101,805 |
| Net assets without donor restrictions | $957,966 |
| 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 | $1,059,771 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that International Operating Engineers Union 407 has recieved totaling $6,433.
| Awarding Organization | Amount |
|---|---|
Operating Engineers Nationalcharity Fund Washington, DC PURPOSE: COVID-19 ASSISTANCE | $6,433 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Longshoremens Association Webster, TX | $13,367,855 | $12,394,447 |
Texas State Teachers Association Austin, TX | $19,090,132 | $12,831,856 |
Transport Workers Union Of America Dallas, TX | $6,072,391 | $10,500,954 |
West Gulf Maritime Association Houston, TX | $11,105,022 | $10,778,910 |
American Paint Horse Association Fort Worth, TX | $23,408,879 | $13,171,062 |
Association Of Professional Flight Attendants Euless, TX | $20,400,009 | $11,611,119 |
Combined Law Enforcement Associations Of Texas Austin, TX | $18,761,486 | $9,658,707 |
Ila-West Gulf Maritime Association Inc Royalty Trust Fund No 2 Houston, TX | $8,533,465 | $8,520,398 |
International Association Of Machinists & Aerospace Workers Fort Worth, TX | $7,479,152 | $8,206,010 |
International Brotherhood Of Electrical Wkrs Union 480 & Jackso Byram, MS | $9,318,697 | $7,560,977 |
Transport Workers Union Of America Dallas, TX | $7,395,146 | $7,237,862 |
U A P P Local 142 Richardson, TX | $25,968,149 | $10,861,656 |