International Association of Machinists and Aerospace Workers
- Assets
- $16.6m
- Revenue
- $9.3m
- Investments
- $0.0
- Employees
- 72
- Location
- Elk Grove Village, IL
- Founding
- Data as of
- 12/2021
- EIN
- 94-1116539
Organization Overview
International Association of Machinists and Aerospace Workers, operating under the name IAMAW District Lodge 141, is located in Elk Grove Village, IL. As of 12/2021, IAMAW District Lodge 141 employed 72 individuals. IAMAW District Lodge 141 is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2021, IAMAW District Lodge 141 generated $9.3m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $8.7m during the year ending 12/2021. While expenses have increased by 6.2% per year over the past 4 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVEMENT OF WAGES, HOURS, BENEFITS AND WORK CONDITIONS OF OUR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPROVEMENT OF WAGES, HOURS, BENEFITS AND WORKING CONDITIONS FOR OUR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Klemm Pdgc | Officer | 40 | $171,769 |
Mark Baskett Agc | Officer | 40 | $157,586 |
Richard J Creighton Agc | Officer | 40 | $157,586 |
Tony Gibson Agc | Officer | 40 | $157,586 |
Sandy Olmos Agc | Officer | 40 | $157,586 |
Nick Handlow Agc | Officer | 40 | $157,586 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,874,507 |
| 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 | $7,874,507 |
| Total Program Service Revenue | $0 |
| Investment income | $107,436 |
| 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 | $9,266,891 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,800 |
| Grants and other assistance to domestic individuals. | $8,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,323,780 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $985,905 |
| Pension plan accruals and contributions | $110,154 |
| Other employee benefits | $696,869 |
| Payroll taxes | $408,486 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $269,660 |
| Fees for services: Accounting | $27,512 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $212,836 |
| Advertising and promotion | $107,959 |
| Office expenses | $109,355 |
| Information technology | $80,036 |
| Royalties | $0 |
| Occupancy | $202,555 |
| Travel | $100,219 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $241,576 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $145,524 |
| Insurance | $82,475 |
| All other expenses | $0 |
| Total functional expenses | $8,718,931 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,832,447 |
| Savings and temporary cash investments | $9,593,813 |
| 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 | $2,212,794 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,639,054 |
| 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 | $1,422,772 |
| Total liabilities | $1,422,772 |
| 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 | $15,216,282 |
| Total liabilities and net assets/fund balances | $16,639,054 |
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