Transport Workers Union Of America, operating under the name Twu 592, is located in Euless, TX. The organization was established in 1944. As of 07/2023, Twu 592 employed 22 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Twu 592 is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 07/2023, Twu 592 generated $617.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $551.0k during the year ending 07/2023. While expenses have increased by 12.8% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
LEADERSHIP AND MANAGEMENT OF LOCAL LABOR UNION
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRACT NEGOTIATION AND ADMINISTRATION ON BEHALF OF APPROXIMATELY 650UNION MEMBERS, INCLUDING GRIEVANCES, ARBITRATION AND WORKPLACE SAFETY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jenny Schar President | Officer | 14 | $12,000 |
Stephen Sullivan Vice President | Officer | 2 | $9,600 |
Kelle Delaney Secretary Treasurer | Officer | 2 | $9,600 |
Michael Evans Executive Board East | Officer | 2 | $4,800 |
Keeven Shook Executive Board West | Officer | 2 | $5,200 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $614,337 |
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 | $614,337 |
Total Program Service Revenue | $0 |
Investment income | $54 |
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 | $617,173 |
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 | $56,146 |
Compensation of current officers, directors, key employees. | $41,200 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $106,620 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $24,690 |
Fees for services: Accounting | $16,369 |
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 | $1,947 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $7,207 |
Travel | $2,498 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $140 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $648 |
Insurance | $960 |
All other expenses | $0 |
Total functional expenses | $550,998 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $777,364 |
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 | $3,602 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $780,966 |
Accounts payable and accrued expenses | $3,692 |
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 | $3,692 |
Net assets without donor restrictions | $777,274 |
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 | $780,966 |