Iron Workers Local 25 Labor Mgmt Education Committee Fund
- Assets
- $156.3k
- Revenue
- $309.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Novi, MI
- Founding
- Data as of
- 05/2023
- EIN
- 88-2525857
Organization Overview
Iron Workers Local 25 Labor Mgmt Education Committee Fund is located in Novi, MI. As of 05/2023, Iron Workers Local 25 Labor Mgmt Education Committee Fund employed 2 individuals. Iron Workers Local 25 Labor Mgmt Education Committee Fund is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE AND MAINTAIN COMMUNICATIONS BETWEEN REPRESENTATIVES OF LABOR AND MANAGEMENT AND TO PROVIDE WORKERS AND EMPLOYERS WITH OPPORTUNITIES TO STUDY AND EXPLORE NEW AND INNOVATIVE JOINT APPROACHES TO ACHIEVING ORGANIZATIONAL EFFECTIVENESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OBJECTIVES OF THE ORGANIZATION ARE TO ASSIST WORKERS AND EMPLOYERS IN SOLVING PROBLEMS OF MUTUAL CONCERN NOT SUSCEPTIBLE TO RESOLUTION WITHIN THE COLLECTIVE BARGAINING PROCESS. TO STUDY AND EXPLORE WAYS OF ELIMINATING POTENTIAL PROBLEMS WHICH REDUCE COMPETITIVENESS AND INHIBIT THE ECONOMIC DEVELOPMENT OF THE CONSTRUCTION INDUSTRY. TO SPONSOR SEMINARS, PROGRAMS, CONFERENCE AND MEETINGS WHICH IMPROVE JOB SECURITY, ENHANCE ECONOMIC AND COMMUNITY DEVELOPMENT, AND PROMOTE THE GENERAL WELFARE OF THE COMMUNITY AND THE INDUSTRY. TO ENGAGE IN RESEARCH AND DEVELOPMENT PROGRAMS CONCERNING VARIOUS ASPECTS OF THE INDUSTRY, INCLUDING BUT NOT LIMITED TO, NEW TECHNOLOGIES, OCCUPATIONAL SAFETY AND HEALTH, LABOR RELATIONS, AND NEW METHODS OF IMPROVED PRODUCTION. TO ENGAGE IN PUBLIC EDUCATION AND OTHER PROGRAMS TO EXPAND THE ECONOMIC DEVELOPMENT OF THE IRON WORKERS INDUSTRY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Panteleo Chairman | OfficerTrustee | 5 | $0 |
Michael Randick Secretary | OfficerTrustee | 5 | $0 |
Joe Gluck Director | Trustee | 5 | $0 |
Mark Braekevelt Director | Trustee | 5 | $0 |
Patrick Bell Director | Trustee | 5 | $0 |
Travis Griswold Director | Trustee | 5 | $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 | $309,138 |
| 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 | $309,138 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,980 |
| Pension plan accruals and contributions | $26,195 |
| Other employee benefits | $10,232 |
| Payroll taxes | $2,882 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,146 |
| 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 | $21,702 |
| Office expenses | $2,535 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,040 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $361 |
| Insurance | $1,911 |
| All other expenses | $2,689 |
| Total functional expenses | $159,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153,533 |
| 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 | $2,737 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $156,270 |
| Accounts payable and accrued expenses | $6,716 |
| 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 | $6,716 |
| Net assets without donor restrictions | $149,554 |
| 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 | $156,270 |