Iron Workers International Assn 516 Of Bridge Structural & Ornamental
- Assets
- $153.0k
- Revenue
- $558.9k
- Investments
- $0.0
- Employees
- 21
- Location
- Portland, OR
- Founding
- 05/1945
- Data as of
- 06/2024
- EIN
- 93-0167657
Organization Overview
Iron Workers International Assn 516 Of Bridge Structural & Ornamental is located in Portland, OR. The organization was established in 1945. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 06/2024, Iron Workers International Assn 516 Of Bridge Structural & Ornamental employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iron Workers International Assn 516 Of Bridge Structural & Ornamental is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2024, Iron Workers International Assn 516 Of Bridge Structural & Ornamental generated $558.9k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $563.7k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 9 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
REPRESENTATION OF UNION MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS A LOCAL UNION OF THE INTERNATIONAL ASSOCIATION OF BRIDGE, STRUCTURAL, ORNAMENTAL AND REINFORCING IRON WORKERS, AFL-CIO. THE UNION'S PRIMARY PURPOSE IT TO REPRESENT ITS MEMBERS IN NEGOTIATING AND MONITORING COLLECTIVE BARGAINED AGREEMENTS WITH PARTICIPATING UNION EMPLOYERS. THE UNION ALSO MONITORS WORKING CONDITIONS, INVESTIGATES LABOR-MANAGEMENT DISPUTES AND SEEKS TO ORGANIZE NON-UNION EMPLOYERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laramie Lexow Secretary-Treas | Officer | 40 | $85,072 |
Matthew R Martin Executive Board | Trustee | 1 | $8,295 |
Scott Oleson President | Officer | 1 | $1,506 |
David C Payne Recording Secre | Officer | 1 | $900 |
Darrell C Tompkins Jr Past President | Officer | 1 | $850 |
Robert C Loofbourrow Exec Brd/truste | Trustee | 1 | $600 |
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 | $558,935 |
| Investment income | $1 |
| 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 | $558,936 |
| 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 | $10,200 |
| Compensation of current officers, directors, key employees. | $136,778 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $65,701 |
| Pension plan accruals and contributions | $21,576 |
| Other employee benefits | $21,227 |
| Payroll taxes | $16,014 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,465 |
| Fees for services: Accounting | $11,967 |
| 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 | $13,871 |
| Information technology | $6,091 |
| Royalties | $0 |
| Occupancy | $23,934 |
| Travel | $9,247 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $397 |
| Interest | $0 |
| Payments to affiliates | $189,853 |
| Depreciation, depletion, and amortization | $512 |
| Insurance | $8,369 |
| All other expenses | $0 |
| Total functional expenses | $563,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,197 |
| Savings and temporary cash investments | $9,716 |
| 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 | $4,121 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $153,034 |
| Accounts payable and accrued expenses | $2,989 |
| 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 | $2,806 |
| Total liabilities | $5,795 |
| Net assets without donor restrictions | $147,239 |
| 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 | $153,034 |