Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $52,575

• 1f · All other contributions, gifts and grants

  $1,026,075

• 2a · Program service revenue: PER CAPITA AFF. DUES

  total $58,496,790 · related or exempt $58,496,790

• 2b · Program service revenue: PAC FUND REIMBURSEMENT

  total $2,467,042 · related or exempt $2,467,042

• 2c · Program service revenue: INTERUNION REIMB.

  total $1,724,930 · related or exempt $1,724,930

• 3 · Investment income

  total $5,103,725 · unrelated business -$12 · excluded $5,103,737

• 5 · Royalties

  total $234,097 · excluded $234,097

• 6a · Gross rents

  real property $27,454,362

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $27,454,362

• 6d · Net rental income or loss

  total $27,454,362 · excluded $27,454,362

• 7a · Gross sales of assets other than inventory

  securities $12,977,660

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

  securities $13,118,885

• 7c · Gain or loss

  securities -$141,225

• 7d · Net gain or loss

  total -$141,225 · excluded -$141,225

• 11a · Other revenue: AFF. POLITICAL FEES

  total $938,348 · excluded $938,348

• 11b · Other revenue: MISCELLANEOUS REVENUE

  total $185,988 · excluded $185,988

• 11e · Other revenue, total

  $1,124,336

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $19,816,751

• 3 · Grants to foreign organizations and individuals

  total $328,907

• 4 · Benefits paid to or for members

  total $11,047,901

• 5 · Compensation of officers, directors and key employees

  total $1,823,846

• 7 · Other salaries and wages

  total $16,104,037

• 8 · Pension plan contributions

  total $2,870,959

• 9 · Other employee benefits

  total $5,084,889

• 10 · Payroll taxes

  total $1,414,655

• 11a · Fees: management

  total $166,700

• 11b · Fees: legal

  total $1,309,942

• 11c · Fees: accounting

  total $154,655

• 11d · Fees: lobbying

  total $79,756

• 11f · Fees: investment management

  total $349,496

• 11g · Fees: other

  total $7,840,029

• 12 · Advertising and promotion

  total $1,534,993

• 13 · Office expenses

  total $1,305,346

• 14 · Information technology

  total $971,600

• 16 · Occupancy

  total $14,886,053

• 17 · Travel

  total $7,024,214

• 19 · Conferences, conventions and meetings

  total $3,800,039

• 20 · Interest

  total $1,471,064

• 21 · Payments to affiliates

  total $1,514,469

• 22 · Depreciation, depletion and amortization

  total $14,770,121

• 23 · Insurance

  total $1,665,493

• 24a · Other expenses: WRITE OFFS AFF REC.

  total $4,391,096

• 24b · Other expenses: MEMBERSHIP DUES

  total $3,138,600

• 24c · Other expenses: BUILDING ASSET MGT FEES

  total $443,446

• 24d · Other expenses: RESEARCH

  total $198,411

• 24e · All other expenses

  total $1,648,932

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $8,897,704 · end of year $8,330,223

• 2 · Savings and temporary cash investments

  beginning of year $47,499,995 · end of year $43,267,414

• 9 · Prepaid expenses and deferred charges

  beginning of year $38,632 · end of year $37,714

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

  $184,606,335

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

  $152,832,356

• 10c · Land, buildings and equipment, net

  beginning of year $39,911,475 · end of year $31,773,979

• 11 · Investments: publicly traded securities

  beginning of year $113,597,164 · end of year $102,803,011

• 12 · Investments: other securities

  beginning of year $18,740,363 · end of year $18,451,092

• 15 · Other assets

  beginning of year $9,395,094 · end of year $6,046,650

• 17 · Accounts payable and accrued expenses

  beginning of year $797,169 · end of year $492,301

• 23 · Secured mortgages and notes payable

  beginning of year $46,060,299 · end of year $44,926,706

• 25 · Other liabilities

  beginning of year $1,247,862 · end of year $786,965

• 27 · Net assets without donor restrictions

  beginning of year $103,198,364 · end of year $78,833,852

• 28 · Net assets with donor restrictions

  beginning of year $86,776,733 · end of year $85,670,259

The filer's explanations (Part III)

PART I, LINE 1A

UNITE HERE MAINTAINS A CORPORATE APARTMENT FOR THE USE OF TRAVELING EXECUTIVES (RATHER THAN INCURRING COSTLY NIGHTLY LOCAL ACCOMMODATIONS). THE CORPORATE APARTMENT IS DEEMED A BUSINESS EXPENSE OF UNITE HERE AND IS NOT INCLUDED IN THE TAXABLE WAGES OF ANY ONE EMPLOYEE SINCE ITS USE IS OPEN TO ALL ELIGIBLE EXECUTIVES.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• 275 SEVENTH AVENUE LLC

  REAL ESTATE · NY · income $28,172,130 · assets $55,244,493

  Directly controlled by UNITE HERE