Ironworkers Union Local 377
- Assets
- $20.7m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 26
- Location
- San Francisco, CA
- Founding
- 01/1945
- Data as of
- 06/2023
- EIN
- 94-0577195
Organization Overview
Ironworkers Union Local 377 is located in San Francisco, CA. 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 06/2023, Ironworkers Union Local 377 employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ironworkers Union Local 377 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, Ironworkers Union Local 377 generated $5.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $4.0m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ORGANIZE OUR INDUSTRY TO RAISE THE STANDARD OF LIVING OF ALL IRONWORKERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ORGANIZE OUR INDUSTRY TO RAISE THE STANDARD OF LIVING OF ALL IRONWORKERS
TO FOSTER AND PROMOTE A SAFE JOBSITE WORK ENVIRONMENT THROUGH SAFETY TRAINING AND PROGRAMS
TO PROVIDE IMPORTANT INFORMATION REGARDING SOCIETAL ISSUES TO BETTER ALLOW OUR MEMBERS TO MAKE AN INFORMED CHOICE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charile Hernandez Executive Dir. | Officer | 40 | $191,587 |
Eddie Reyes Trustee | Trustee | 40 | $185,054 |
Christopher Donnelly Trustee | Officer | 40 | $169,480 |
David Ortiz Trustee | Trustee | 40 | $162,337 |
Steven Thang Trustee | Trustee | 2 | $6,048 |
James Torrecillas Trustee | Trustee | 1 | $5,669 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,353,507 |
| 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 | $4,353,507 |
| Total Program Service Revenue | $683,055 |
| Investment income | $185,436 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $43,200 |
| 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 | $5,279,639 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,256 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $563,015 |
| Compensation of current officers, directors, key employees. | $1,116,644 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $380,067 |
| Pension plan accruals and contributions | $50,628 |
| Other employee benefits | $70,981 |
| Payroll taxes | $90,477 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,947 |
| Fees for services: Accounting | $36,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,281 |
| Advertising and promotion | $11,139 |
| Office expenses | $264,160 |
| Information technology | $22,806 |
| Royalties | $0 |
| Occupancy | $75,413 |
| Travel | $30,897 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,800 |
| Interest | $0 |
| Payments to affiliates | $1,030,581 |
| Depreciation, depletion, and amortization | $49,605 |
| Insurance | $46,070 |
| All other expenses | $0 |
| Total functional expenses | $4,049,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400 |
| Savings and temporary cash investments | $19,581,078 |
| 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 | $77,000 |
| Net Land, buildings, and equipment | $1,087,712 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,500 |
| Total assets | $20,747,690 |
| Accounts payable and accrued expenses | $353,482 |
| 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 | $353,482 |
| Net assets without donor restrictions | $20,394,208 |
| 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 | $20,747,690 |