International Association Of Machinists & Aerospace Workers
- Assets
- $56.2m
- Revenue
- $43.1m
- Investments
- $51.5m
- Employees
- 240
- Location
- Seattle, WA
- Founding
- 12/1940
- Data as of
- 12/2023
- EIN
- 91-0267919
Organization Overview
International Association Of Machinists & Aerospace Workers, operating under the name Aerospace Machinists Industrial District Lodge 751, is located in Seattle, WA. The organization was established in 1940. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2023, Aerospace Machinists Industrial District Lodge 751 employed 240 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Aerospace Machinists Industrial District Lodge 751 is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2023, Aerospace Machinists Industrial District Lodge 751 generated $43.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $38.9m during the year ending 12/2023. While expenses have increased by 3.4% per year over the past 9 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
OUR MISSION AS A LABOR UNION IS TO ORGANIZE, NEGOTIATE AND SERVICE LABOR CONTRACTS IN THE AEROSPACE INDUSTRY TO BETTER WORKING CONDITIONS, PAY, AND BENEFITS. WE ALSO STRIVE TO CREATE A BETTER COMMUNITY IN WHICH WE LIVE WHERE BY THE MEMBERS OF DISTRICT 751 VOLUNTEER TO HELP AND SUPPORT THE NEEDY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COLLECTIVE BARGAINING AGREEMENT BETWEEN THE BOEING CO. AND IAM & AW DISTRICT 751 PROVIDES FOR A HEALTH & SAFETY TRAINING PROGRAM SPECIFICALLY TO AID IN THE SAFETY AND EDUCATION WELFARE OF MEMBERS AT THE BOEING CO. ALL ALLOWABLE EXPENSES ARE REIMBURSED TO DISTRICT 751 FROM IAM BOEING JOINT PROGRAMS TRUST TO CONDUCT THE PROGRAM TO SUPPORT OUR EXEMPT PURPOSE.
THE IAMAW SHARES IN THE SALARY AND PENSION COSTS OF THE BUSINESS REPS THAT NEGOTIATE AND SERVICE THE COLLECTIVE BARGAINING AGREEMENTS WITHIN DISTRICT 751.
OUR ORGANIZATION RENTS OUT ITS MEETING HALLS TO OTHER UNIONS AND LABOR ORGANIZATIONS BELOW MARKET VALUE, WHERE THEY CAN MEET TO COMMUNICATE AND EDUCATE THEIR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Levi Wilson Trustee | Trustee | 40 | $23,113 |
Amber Roulst Trustee | Trustee | 40 | $65,637 |
Bruce Mcfarland Trustee | Trustee | 40 | $4,877 |
Diana Noinala Trustee | Trustee | 40 | $42,561 |
Jim Henle Trustee | Trustee | 40 | $20,754 |
Jonathan Holden President | Officer | 40 | $203,412 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Schwerin Campbell Barnard Attorney | 12/30/17 | $185,887 |
Robblee Dtewiler Black Pllp Attorney | 12/30/17 | $167,403 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $33,676,766 |
| 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 | $33,676,766 |
| Total Program Service Revenue | $3,828,627 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,554,604 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,148,928 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $720,000 |
| 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. | $1,433,253 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,188,803 |
| Pension plan accruals and contributions | $1,986,681 |
| Other employee benefits | $1,255,778 |
| Payroll taxes | $861,388 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $49,853 |
| Fees for services: Accounting | $108,253 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $91,823 |
| Advertising and promotion | $237,153 |
| Office expenses | $301,115 |
| Information technology | $399,023 |
| Royalties | $0 |
| Occupancy | $958,419 |
| Travel | $50,662 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $295,889 |
| Interest | $0 |
| Payments to affiliates | $20,309,251 |
| Depreciation, depletion, and amortization | $48,214 |
| Insurance | $137,866 |
| All other expenses | $187,255 |
| Total functional expenses | $38,880,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,997 |
| Savings and temporary cash investments | $4,475,811 |
| 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 | $265,020 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $51,455,614 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,084 |
| Total assets | $56,233,526 |
| 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 | $56,349 |
| Total liabilities | $56,349 |
| Net assets without donor restrictions | $0 |
| 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 | $56,177,177 |
| Total liabilities and net assets/fund balances | $56,233,526 |