Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: DUES

  total $3,234,147 · related or exempt $3,234,147

• 2b · Program service revenue: INITIATION AND REINSTA

  total $85,908 · related or exempt $85,908

• 2c · Program service revenue: MULTI-CULTURAL DIVERSI

  total $11,500 · related or exempt $11,500

• 3 · Investment income

  total $122,143 · excluded $122,143

• 6a · Gross rents

  real property $945

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $945

• 6d · Net rental income or loss

  total $945 · excluded $945

• 7a · Gross sales of assets other than inventory

  securities $67,943

• 7b · Less cost or other basis and sales expenses

  securities $66,507

• 7c · Gain or loss

  securities $1,436

• 7d · Net gain or loss

  total $1,436 · excluded $1,436

• 11a · Other revenue: OTHER

  total $10,125 · excluded $10,125

• 11e · Other revenue, total

  $10,125

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $34,997

• 2 · Grants to domestic individuals

  total $6,436

• 5 · Compensation of officers, directors and key employees

  total $886,071

• 7 · Other salaries and wages

  total $352,056

• 8 · Pension plan contributions

  total $21,080

• 9 · Other employee benefits

  total $66,708

• 10 · Payroll taxes

  total $84,971

• 11b · Fees: legal

  total $92,447

• 11c · Fees: accounting

  total $40,854

• 11f · Fees: investment management

  total $19,099

• 13 · Office expenses

  total $100,150

• 16 · Occupancy

  total $66,152

• 17 · Travel

  total $39,997

• 19 · Conferences, conventions and meetings

  total $127,294

• 21 · Payments to affiliates

  total $893,309

• 22 · Depreciation, depletion and amortization

  total $56,450

• 23 · Insurance

  total $42,861

• 24a · Other expenses: REFUNDS OF DUES AND INI

  total $86,135

• 24b · Other expenses: LOST TIME REIBURSEMENTS

  total $47,354

• 24c · Other expenses: MEMBERSHIP ACTIVITIES

  total $27,882

• 24d · Other expenses: TRANSFERS TO PAC FUNDS

  total $25,000

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $337,900 · end of year $374,253

• 2 · Savings and temporary cash investments

  beginning of year $1,277,955 · end of year $1,383,967

• 4 · Accounts receivable

  beginning of year $2,832 · end of year $0

• 10a · Land, buildings and equipment: cost or other basis

  $1,723,139

• 10b · Land, buildings and equipment: accumulated depreciation

  $471,086

• 10c · Land, buildings and equipment, net

  beginning of year $1,123,507 · end of year $1,252,053

• 11 · Investments: publicly traded securities

  beginning of year $3,501,780 · end of year $4,127,694

• 12 · Investments: other securities

  beginning of year $20,000 · end of year $20,000

• 25 · Other liabilities

  beginning of year $9,692 · end of year $7,334

• 27 · Net assets without donor restrictions

  beginning of year $6,254,282 · end of year $7,150,633

The filer's explanations (Part III)

PART I, LINE 3

ANNUALLY, THE EXECUTIVE BOARD REVIEWS AND APPROVES COMPENSATION ADJUSTMENTS FOR THE PRESIDENT AND OTHER OFFICERS.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• UNITED FOOD & COMMERCIAL WORKERS LOCAL 431 BUILDING CORPORATION

  C · TITLE HOLDING CORPORATION · IA · 100% owned · controlled entity

  Directly controlled by UNITED FOOD AND COMMERCIAL WORKERS LOCAL NO 431