Iron Workers Regional Shop Local Union 853
- Assets
- $574.1k
- Revenue
- $954.5k
- Investments
- $0.0
- Employees
- 6
- Location
- Des Plaines, IL
- Founding
- Data as of
- 06/2023
- EIN
- 83-0898740
Organization Overview
Iron Workers Regional Shop Local Union 853 is located in Des Plaines, IL. As of 06/2023, Iron Workers Regional Shop Local Union 853 employed 6 individuals. Iron Workers Regional Shop Local Union 853 is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2023, Iron Workers Regional Shop Local Union 853 generated $954.5k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $1.0m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE LOCAL IS TO ORGANIZE, UNITE, AND ASSIST PERSONS IN IMPROVING WAGES, HOURS, BENEFITS, AND WORKING CONDITIONS; TO OBTAIN STATUS OF EXCLUSIVE BARGAINING REPRESENTATIVES OF PERSONS EMPLOYED WITHIN THE LOCAL'S JURISDICTION AND TO PROCESS AND RESOLVE GRIEVANCES AND ALL OTHER RIGHTS ARISING OUT OF SUCH COLLECTIVE BARGAINING RELATIONSHIPS; TO ADVANCE AND SAFEGUARD THE FULL EMPLOYMENT, ECONOMIC SECURITY, AND SOCIAL WELFARE OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LABOR UNION REPRESENTS ITS MEMBERSHIP TO MAINTAIN STANDARDS, PROVIDE SECURITY, NEGOTIATE FAIR WAGES AND ARBITRATE DIFFERENCES BETWEEN MANAGEMENT AND LABOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Gardiner Fmr Apptd Trustee | Trustee | 15 | $0 |
Bill Young Pres/fin Sec Treasurer | Officer | 40 | $42,808 |
Benjamin Lagorio Vice Pres/bus Rep | Officer | 40 | $74,000 |
Andrew Quinn Rec Secretary | Officer | 3 | $0 |
Terry Ferrin Exec Bd | Officer | 3 | $0 |
William Mueller Exec Bd | Officer | 3 | $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 | $80,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $80,000 |
| Total Program Service Revenue | $871,378 |
| Investment income | $0 |
| 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 | $954,485 |
| 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. | $207,653 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $146,459 |
| Pension plan accruals and contributions | $19,966 |
| Other employee benefits | $55,103 |
| Payroll taxes | $23,065 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,358 |
| Fees for services: Accounting | $20,809 |
| 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 | $32,280 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,656 |
| Travel | $80,195 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,769 |
| Interest | $0 |
| Payments to affiliates | $368,361 |
| Depreciation, depletion, and amortization | $1,813 |
| Insurance | $8,015 |
| All other expenses | $2,812 |
| Total functional expenses | $1,009,314 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $572,040 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,016 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $574,056 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $574,056 |
| 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 | $574,056 |