Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: PER CAPITA & OTHER FEES

  total $98,094,939 · related or exempt $98,094,939

• 3 · Investment income

  total $5,897,525 · excluded $5,897,525

• 6a · Gross rents

  real property $3,358,059

• 6b · Less rental expenses

  real property $4,341,696

• 6c · Rental income or loss

  real property -$983,637

• 6d · Net rental income or loss

  total -$983,637 · excluded -$983,637

• 7a · Gross sales of assets other than inventory

  securities $30,236,868

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

  securities $31,724,668 · other assets $3,352

• 7c · Gain or loss

  securities -$1,487,800 · other assets -$3,352

• 7d · Net gain or loss

  total -$1,491,152 · excluded -$1,491,152

• 10a · Gross sales of inventory

  $266,120

• 10b · Cost of goods sold

  $69,570

• 10c · Net income from sales of inventory

  total $196,550 · related or exempt $196,550

• 11d · All other revenue

  total $23,153 · related or exempt $23,153

• 11e · Other revenue, total

  $23,153

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,707,817

• 3 · Grants to foreign organizations and individuals

  total $192,719

• 5 · Compensation of officers, directors and key employees

  total $14,970,334

• 7 · Other salaries and wages

  total $25,231,689

• 8 · Pension plan contributions

  total $6,882,867

• 9 · Other employee benefits

  total $13,118,566

• 10 · Payroll taxes

  total $2,143,883

• 11a · Fees: management

  total $278,431

• 11b · Fees: legal

  total $1,883,786

• 11c · Fees: accounting

  total $210,533

• 11d · Fees: lobbying

  total $566,223

• 11f · Fees: investment management

  total $326,915

• 11g · Fees: other

  total $834,768

• 12 · Advertising and promotion

  total $591,387

• 13 · Office expenses

  total $2,421,063

• 14 · Information technology

  total $1,407,710

• 16 · Occupancy

  total $3,017,634

• 17 · Travel

  total $3,960,124

• 19 · Conferences, conventions and meetings

  total $5,211,824

• 21 · Payments to affiliates

  total $5,172,500

• 22 · Depreciation, depletion and amortization

  total $1,692,004

• 23 · Insurance

  total $477,881

• 24a · Other expenses: SPONSORSHIPS

  total $3,192,363

• 24b · Other expenses: ORGANIZING CAMPAIGN EXP

  total $246,400

• 24e · All other expenses

  total $962,453

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,190 · end of year $4,190

• 2 · Savings and temporary cash investments

  beginning of year $23,237,357 · end of year $27,393,431

• 4 · Accounts receivable

  beginning of year $1,815,436 · end of year $1,771,022

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

  $76,838,463

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

  $27,102,270

• 10c · Land, buildings and equipment, net

  beginning of year $51,204,697 · end of year $49,736,193

• 11 · Investments: publicly traded securities

  beginning of year $106,792,824 · end of year $124,897,377

• 12 · Investments: other securities

  beginning of year $158,482,349 · end of year $177,912,158

• 15 · Other assets

  beginning of year $1,182,629 · end of year $1,134,336

• 25 · Other liabilities

  beginning of year $1,435,542 · end of year $3,922,980

• 27 · Net assets without donor restrictions

  beginning of year $341,283,940 · end of year $378,925,727

The filer's explanations (Part III)

PART I, LINE 1A

FIRST CLASS TRAVEL - GENERAL EXECUTIVE BOARD IS ALLOWED TO TRAVEL FIRST CLASS. TRAVEL FOR COMPANIONS - THE CONSTITUTION OF LIUNA STATES THAT "TRAVEL EXPENSES MAY ALSO BE PROVIDED FOR AN OFFICER'S SPOUSE WHO ACCOMPANIES THE OFFICER WHEN THE OFFICER TRAVELS IN CONNECTION WITH THE PERFORMANCE OF OFFICIAL DUTIES AND RESPONSIBILITIES." THESE AMOUNTS ARE INCLUDED AS TAXABLE INCOME TO THE OFFICER. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS AND HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE - THE CONSTITUTION OF LIUNA STATES THAT "THE GENERAL PRESIDENT AND GENERAL SECRETARY-TREASURER SHALL EACH BE PROVIDED WITH THE USE OF ACCOMODATIONS PURCHASED OR LEASED BY THE UNION WHEN SUCH OFFICERS ARE IN THE CITY OF WASHINGTON, DISTRICT OF COLUMBIA, IN CONNECTION WITH THE PERFORMANCE OF THEIR DUTIES AND RESPONSIBILITIES." THE GENERAL EXECUTIVE BOARD HAS AUTHORIZED LIUNA TO RENT HOUSING BASED ON THE CONSTITUTION FOR GENERAL PRESIDENT TERENCE M. O'SULLIVAN AND BOTH GENERAL SECRETARY-TREASURERS ARMAND E. SABITONI AND MICHAEL F. SABITONI. AUTHORIZATION WAS GIVEN TO GROSS-UP HOUSING EXPENSES TO HANDLE ALL THE TAXES FOR THE GENERAL PRESIDENT. LIUNA DOES NOT GROSS-UP HOUSING EXPENSES FOR EITHER OF THE GENERAL SECRETARY-TREASURERS.

PART I, LINES 4A-B

LINE 4A: LABORERS' INTERNATIONAL UNION OF NORTH AMERICA PAID SEVERANCE TO TERRY O'SULLIVAN IN THE AMOUNT OF $589,322, ARMAND SABITONI IN THE AMOUNT OF $566,566, THEODORE GREEN IN THE AMOUNT OF $405,053, VINCENT MASINO IN THE AMOUNT OF $355,587, JOHN F. PENN IN THE AMOUNT OF $206,623, RAYMOND M. POCINO IN THE AMOUNT OF $351,527, PHILIP GUTRICH IN THE AMOUNT OF $199,146 AND RALPH E. COLE IN THE AMOUNT OF $85,712. LINE 4B: LABORERS' INTERNATIONAL UNION OF NORTH AMERICA HAD A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN TO PAY BENEFITS THAT ARE NOT PAYABLE FROM THE PENSION FUND BECAUSE OF BENEFIT AND COMPENSATION LIMITS OF THE INTERNAL REVENUE CODE. THE PLAN IS NOW ADMINISTERED BY THE LABORERS'STAFF AND AFFILIATES PENSION FUND. IN 2023, TERRY O'SULLIVAN RECEIVED $130,237, ARMAND E. SABITONI RECEIVED $140,682, ROBERT E. RICHARDSON RECEIVED $124,368, THEODORE GREEN RECEIVED $121,203, ROCCO DAVIS RECEIVED $66,002, VINCENT R. MASINO RECEIVED $120,599, JOHN F. PENN RECEIVED $75,284, RAYMOND M. POCINO RECEIVED $29,658 AND RALPH E. COLE RECEIVED $161,700.

Related corporations and trusts

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

• LIUNA TRAVEL INC

  C · TRAVEL AGENT · DC · 100% owned · share of income $223,260 · share of assets $56,010 · controlled entity

  Directly controlled by LABORERS' INTERNATIONAL UNION OF NORTH AMERICA