Iupat District Council No 21 Drywall Finishers Local No 1955 Pi
- Assets
- $4.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 12/2018
- Data as of
- 04/2023
- EIN
- 81-2037542
Organization Overview
Iupat District Council No 21 Drywall Finishers Local No 1955 Pi is located in Philadelphia, PA. The organization was established in 2018. 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. Iupat District Council No 21 Drywall Finishers Local No 1955 Pi is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 04/2023, Iupat District Council No 21 Drywall Finishers Local No 1955 Pi generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $904.2k during the year ending 04/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Iupat District Council No 21 Drywall Finishers Local No 1955 Pi has awarded 28 individual grants totaling $2,223,816. 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
THE PURPOSE OF THE FUND IS TO SUBSIDIZE THE AMOUNT A CONTRIBUTING EMPLOYER PAYS FOR FRINGE BENEFITS AND WAGES IN ORDER TO AID COMPETITIVENESS IN OBTAINING CONTRACTS WHICH OTHERWISE MAY BE LOST TO NON-UNION CONTRACTORS. TO ACCOMPLISH THIS PURPOSE, THE PINPOINTING FUND DISTRIBUTES BENEFIT GRANTS TO THE PENSION, HEALTH AND WELFARE, ANNUITY AND APPRENTICESHIP TRAINING FUNDS ON BEHALF OF EMPLOYERS WHO EMPLOY OR DESIRE TO EMPLOY MEMBERS OF DRYWALL FINISHERS LOCAL UNION 1955.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND DISTRIBUTES BENEFIT GRANTS TO THE PENSION, HEALTH & WELFARE, ANNUITY AND APPRENTICESHIP TRAINING FUNDS ON BEHALF OF EMPLOYERS WHO EMPLOY OR DESIRE TO EMPLOY MEMBERS OF LOCAL NO. 1955 TO AID COMPETITIVENESS IN OBTAINING CONTRACTS WHICH MAY BE LOST TO NON-UNION CONTRACTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Ashdale Labor Trustee (p) | Trustee | 2 | $0 |
Evan Lambros Management Trustee | Trustee | 2 | $0 |
Craig Melograno Management Trustee | Trustee | 2 | $0 |
Matt Cortez Labor Trustee | Trustee | 2 | $0 |
Fran Mclaughlin Labor 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 | $1,036,344 |
| Investment income | $98,784 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$24 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,135,104 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $867,043 |
| 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 | $12,806 |
| Pension plan accruals and contributions | $3,896 |
| Other employee benefits | $3,994 |
| Payroll taxes | $1,005 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $205 |
| Fees for services: Accounting | $8,863 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,496 |
| Fees for services: Other | $152 |
| Advertising and promotion | $0 |
| Office expenses | $1,323 |
| Information technology | $969 |
| Royalties | $0 |
| Occupancy | $1,262 |
| Travel | $222 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $144 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $268 |
| Insurance | $538 |
| All other expenses | $0 |
| Total functional expenses | $904,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,035,131 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $67,229 |
| 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 | $80 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,071,638 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,174,078 |
| Accounts payable and accrued expenses | $8,500 |
| 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 | $867,422 |
| Total liabilities | $875,922 |
| Net assets without donor restrictions | $3,298,156 |
| 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 | $4,174,078 |
Grants Awarded
Over the last fiscal year, Iupat District Council No 21 Drywall Finishers Local No 1955 Pi has awarded $432,183 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
DISTRICT COUNCIL 21 HEALTH & WELFARE FUND PURPOSE: SUBSIDIZE BENEFIT FUND TO AID CONTRIBUTING EMPLOYER IN COMPETITIVE BIDDING. | $334,478 |
IUPAT ANNUITY PURPOSE: SUBSIDIZE BENEFIT FUND TO AID CONTRIBUTING EMPLOYER IN COMPETITIVE BIDDING. | $20,818 |
FINISHING TRADES INSTITUTE OF THE MID-ATLANTIC REGION PURPOSE: SUBSIDIZE BENEFIT FUND TO AID CONTRIBUTING EMPLOYER IN COMPETITIVE BIDDING. | $12,472 |
DISTRICT COUNCIL 21 ANNUITY PURPOSE: SUBSIDIZE BENEFIT FUND TO AID CONTRIBUTING EMPLOYER IN COMPETITIVE BIDDING. | $13,689 |
IUPAT PENSION PURPOSE: SUBSIDIZE BENEFIT FUND TO AID CONTRIBUTING EMPLOYER IN COMPETITIVE BIDDING. | $50,726 |