Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: DUES & INITIATION FEE

  total $4,110,098 · related or exempt $4,110,098

• 3 · Investment income

  total $11,243 · related or exempt $11,243

• 11a · Other revenue: REFUNDS/REIMBURSEMENTS

  total $6,881 · related or exempt $6,881

• 11e · Other revenue, total

  $6,881

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $22,599

• 4 · Benefits paid to or for members

  total $8,954

• 5 · Compensation of officers, directors and key employees

  total $554,680

• 7 · Other salaries and wages

  total $243,904

• 8 · Pension plan contributions

  total $192,919

• 9 · Other employee benefits

  total $241,158

• 10 · Payroll taxes

  total $60,812

• 11b · Fees: legal

  total $38,535

• 11c · Fees: accounting

  total $27,620

• 12 · Advertising and promotion

  total $52,759

• 13 · Office expenses

  total $97,209

• 14 · Information technology

  total $15,875

• 16 · Occupancy

  total $55,682

• 17 · Travel

  total $7,789

• 19 · Conferences, conventions and meetings

  total $27,458

• 21 · Payments to affiliates

  total $2,153,574

• 23 · Insurance

  total $16,731

• 24a · Other expenses: CAPITAL OUTLAY-ADDITION

  total $57,960

• 24b · Other expenses: NEGOTIATIONS, ARBITRATI

  total $39,416

• 24c · Other expenses: TELEPHONE & POSTAGE

  total $38,811

• 24d · Other expenses: PROPERTY TAX ON FACILIT

  total $35,731

• 24e · All other expenses

  total $3,223

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $318,641 · end of year $101,461

• 2 · Savings and temporary cash investments

  beginning of year $1,593,459 · end of year $1,944,455

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

  $2,997,537

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

  $0

• 10c · Land, buildings and equipment, net

  beginning of year $2,939,633 · end of year $2,997,537

• 17 · Accounts payable and accrued expenses

  beginning of year $163,496 · end of year $192,225

• 29 · Capital stock, trust principal or current funds

  beginning of year $1,748,603 · end of year $1,853,691

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $2,939,634 · end of year $2,997,537

• 31 · Retained earnings, endowment or other funds

  beginning of year $0 · end of year $0

The filer's explanations (Part III)

PART I, LINE 1A

NO TAX INDEMNIFICATION IS PROVIDED TO ANY PERSON WHO QUALIFIES AS AN OFFICER, DIRECTOR, TRUSTEE, KEY EMPLOYEE, OR HIGHLY COMPENSATED EMPLOYEE. OPEIU-LOCAL 277'S EXECUTIVE BOARD DETERMINED MANY YEARS AGO THAT IT DID NOT WANT TO PROVIDE OPEIU-LOCAL 277 OWNED VEHICLES TO ITS FULL-TIME OFFICERS OR EMPLOYEES EVEN THOUGH THEIR JOB REQUIRED SUBSTANTIAL USE OF A VEHICLE. THIS ACTION WAS RATIFIED BY THE MEMBERSHIP OF OPEIU-LOCAL 277. INSTEAD, FULL-TIME OFFICERS/EMPLOYEES WHO USE THEIR VEHICLES ON A CONSISTENT BASIS IN TRANSACTING THE BUSINESS OF OPEIU-LOCAL 277 ARE GIVEN PREDETERMINED PERIODIC BONUSES AS ADDITIONAL COMPENSATION IN LIEU OF PROVIDING OPEIU-LOCAL 277 OWNED VEHICLES TO THESE FULL-TIME OFFICERS/EMPLOYEES. DOCUMENTATION FOR THESE AMOUNTS TO BE REIMBURSED ARE PROVIDED BY EACH RESPECTIVE FULL-TIME EMPLOYEE. THIS POLICY HAS BEEN APPROVED BY THE EXECUTIVE BOARD; TOGETHER WITH THE EXECUTIVE BOARD'S APPROVAL FOR THE AMOUNTS TO BE "GROSSED UP" FOR TAXES IN ORDER THAT THE FULL-TIME OFFICERS/EMPLOYEES INVOLVED ARE NOT PENALIZED IN THEIR TOTAL COMPENSATION PACKAGE. THE AMOUNTS EXPENDED ARE APPROVED BY THE EXECUTIVE BOARD WHEN THE ACCOUNTS PAYABLE VOUCHERS ARE APPROVED AT REGULAR EXECUTIVE BOARD MEETINGS. THIS FORM OF COMPENSATION IS TAKEN INTO ACCOUNT BY THE EXECUTIVE BOARD IN SETTING THE TOTAL COMPENSATION OF EACH FULL-TIME OFFICER/EMPLOYEE AND IT IS INCLUDED IN THE GROSS WAGES OF SUCH EMPLOYEE IN THE YEAR THE BONUS IS APPROVED. THE FULL-TIME OFFICERS/EMPLOYEES WITH THIS BENEFIT ARE THE PRESIDENT/BUSINESS MANAGER AND THE SECRETARY-TREASURER BECAUSE OF ALSO SERVING AS A FULL-TIME ASSISTANT BUSINESS REPRESENTATIVE. IN THE COURSE OF CARRYING OUT THE BUSINESS OF OPEIU-LOCAL 277, THE OFFICERS, DIRECTORS, TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED TO TRAVEL OUT OF TOWN ON BUSINESS. OPEIU-LOCAL 277 DETERMINED MANY YEARS AGO THAT THEY DID NOT WANT TO ADMINISTER EXPENSE REIMBURSEMENT PLANS AND SET A POLICY IN PLACE TO AVOID SUCH PLANS. UNDER THE POLICY PUT INTO PLACE, OPEIU-LOCAL 277 BEGAN THE PRACTICE OF SETTING AN AMOUNT OF EXPENSE MONEY TO BE GIVEN TO ANYONE TRAVELING OVERNIGHT ON BEHALF OF OPEIU-LOCAL 277. THE AMOUNT IS SET BY THE EXECUTIVE BOARD AND SUBSEQUENTLY RATIFIED BY THE MEMBERSHIP. THE AMOUNT IS THEN GROSSED UP FOR TAXES AND INCLUDED IN THE GROSS INCOME OF THE INDIVIDUAL IN ORDER FOR THE OFFICER, DIRECTOR, TRUSTEE, OR ANY MEMBER TO GET THE FULL AMOUNT APPROVED BY THE EXECUTIVE BOARD.

PART I, LINE 3

ALL SALARIES OF THE OPEIU-LOCAL 277 ARE REVIEWED AND APPROVED BY THE GOVERNING BODY OF THE ORGANIZATION, THE EXECUTIVE BOARD. THIS INCLUDES ANY BONUSES AND PAY INCREASES. THE OPEIU-LOCAL 277 PAYS ANY OFFICER, TRUSTEE, AND/OR WORKER THAT PERFORMS SERVICES FOR THE ORGANIZATION, BUT IS NOT A FULL-TIME WORKER OF OPEIU-LOCAL 277 AND WORKS AT ONE OF THE COMPANIES REPRESENTED BY OPEIU-LOCAL 277 THE SAME RATE OF PAY THEY RECEIVE FROM THEIR RESPECTIVE EMPLOYER/COMPANY (COMMONLY REFERRED TO AS LOST OR CLOCK-TIME). SUCH WORKER OF COURSE SHALL BE A MEMBER OF OPEIU-LOCAL 277.