International Union Of Operating Engineers Local Union No 501
- Assets
- $854.4k
- Revenue
- $9.4m
- Investments
- $0.0
- Employees
- 101
- Location
- Los Angeles, CA
- Founding
- 11/1959
- Data as of
- 12/2021
- EIN
- 95-1751526
Organization Overview
International Union Of Operating Engineers Local Union No 501 is located in Los Angeles, CA. The organization was established in 1959. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2021, International Union Of Operating Engineers Local Union No 501 employed 101 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Union Of Operating Engineers Local Union No 501 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, International Union Of Operating Engineers Local Union No 501 generated $9.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $10.7m during the year ending 12/2021. While expenses have increased by 4.6% per year over the past 7 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.
Since 2018, International Union Of Operating Engineers Local Union No 501 has awarded 25 individual grants totaling $261,626. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE REPRESENTATION TO MEMBERS IN MATTERS RELATED TO EMPLOYMENT IN ACCORDANCE WITH THE COLLECTIVE BARGAINING AGREEMENT AND FAIR EMPLOYMENT STANDARDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED REPRESENTATION TO MEMBERS IN MATTERS RELATED TO EMPLOYMENT IN ACCORDANCE WITH THE COLLECTIVE BARGAINING AGREEMENT AND FAIR EMPLOYMENT STANDARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward J Curly Business Mgr/recording Cor | OfficerTrustee | 75 | $163,377 |
Thomas O'mahar President | OfficerTrustee | 40 | $143,584 |
Deric Barnes Eb Member At Large | Trustee | 60 | $141,037 |
Paul Nunez Financial Secretary | OfficerTrustee | 50 | $138,724 |
Jose Soto Eb Member At Large | Trustee | 55 | $136,678 |
Michael Narez Eb Member At Large | Trustee | 55 | $131,915 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Genesis Global Recruiting Inc Temp Labor Services | 12/30/21 | $302,408 |
Directed Link Temp Labor Services | 12/30/21 | $122,800 |
Lindquist Llp Accounting | 12/30/21 | $112,513 |
The Myers Law Group Legal Services | 12/30/21 | $337,375 |
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 | $9,133,358 |
| Investment income | $3,043 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,252 |
| Net Rental Income | $130,000 |
| 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 | $9,398,868 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $62,100 |
| 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. | $1,639,674 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,413,114 |
| Pension plan accruals and contributions | $945,520 |
| Other employee benefits | $395,649 |
| Payroll taxes | $282,932 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $479,013 |
| Fees for services: Accounting | $114,243 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $394,356 |
| Advertising and promotion | $16,710 |
| Office expenses | $375,938 |
| Information technology | $220,269 |
| Royalties | $0 |
| Occupancy | $160,913 |
| Travel | $236,384 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,501 |
| Interest | $0 |
| Payments to affiliates | $2,546,007 |
| Depreciation, depletion, and amortization | $124,191 |
| Insurance | $175,467 |
| All other expenses | $57,904 |
| Total functional expenses | $10,675,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,168 |
| Savings and temporary cash investments | $378,187 |
| 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 | $353,999 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $854,354 |
| Accounts payable and accrued expenses | $1,420 |
| 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 | $1,420 |
| Net assets without donor restrictions | $852,934 |
| 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 | $854,354 |
Grants Awarded
Over the last fiscal year, International Union Of Operating Engineers Local Union No 501 has awarded $34,100 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Arlington, VA PURPOSE: SUPPORT AN ORGANIZATION THAT LEADS THE FIGHT FOR THE HEALTH OF MOMS AND BABIES | $15,000 |
Los Angeles, CA PURPOSE: DONATION | $12,000 |
MIGUEL ISLAS PURPOSE: GOLF CHARITY EVENTDONATION | $7,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Teachers Los Angeles Los Angeles, CA | $51,917,660 | $49,880,266 |
Union Of California State Workers Sacramento, CA | $36,503,643 | $45,747,790 |
Service Employees International Union Oakland, CA | $59,492,320 | $48,330,532 |
United Brotherhood Of Carpenters & Joiners Of America Oakland, CA | $230,758,063 | $85,724,853 |
Directors Guild Of America Inc Los Angeles, CA | $101,897,715 | $40,881,424 |
Joint Industry Board Of The Plbg Pipe Fitting Ind Local 38 Tr Funds San Francisco, CA | $20,237,223 | $38,047,846 |
International Brotherhood Of Electrical Workers Vacaville, CA | $50,552,383 | $54,198,880 |
Southwest Carpenters Training Fund Los Angeles, CA | $45,866,437 | $36,635,505 |
Unac-Union Of Health Care Professionals San Dimas, CA | $32,681,253 | $36,557,252 |
Ibew Western Utilities Health And Welfare Trust Fund Pleasanton, CA | $43,158,941 | $38,712,373 |
International Union Of Operating Engineers Local 12 Pasadena, CA | $185,931,056 | $38,146,985 |
Writers Guild Of America West Inc Los Angeles, CA | $125,640,200 | $38,701,455 |