Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MEMBERSHIP DUES

  total $70,657,676 · related or exempt $70,657,676

• 3 · Investment income

  total $14,136,877 · excluded $14,136,877

• 5 · Royalties

  total $1,112,637 · excluded $1,112,637

• 6a · Gross rents

  real property $236,914

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $236,914

• 6d · Net rental income or loss

  total $236,914 · excluded $236,914

• 7a · Gross sales of assets other than inventory

  securities $95,799,860

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

  securities $75,772,821

• 7c · Gain or loss

  securities $20,027,039

• 7d · Net gain or loss

  total $20,027,039 · excluded $20,027,039

• 10a · Gross sales of inventory

  $184,092

• 10b · Cost of goods sold

  $91,875

• 10c · Net income from sales of inventory

  total $92,217 · related or exempt $92,217

• 11a · Other revenue: SUNDRY

  total $1,181,324 · related or exempt $1,181,324

• 11e · Other revenue, total

  $1,181,324

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $522,946

• 3 · Grants to foreign organizations and individuals

  total $65,000

• 4 · Benefits paid to or for members

  total $1,408,229

• 5 · Compensation of officers, directors and key employees

  total $7,652,238

• 7 · Other salaries and wages

  total $13,775,509

• 8 · Pension plan contributions

  total $15,944,177

• 9 · Other employee benefits

  total $3,474,580

• 10 · Payroll taxes

  total $1,390,515

• 11b · Fees: legal

  total $2,311,972

• 11c · Fees: accounting

  total $128,981

• 11f · Fees: investment management

  total $352,862

• 11g · Fees: other

  total $2,359,396

• 12 · Advertising and promotion

  total $354,734

• 13 · Office expenses

  total $3,178,131

• 14 · Information technology

  total $130,837

• 16 · Occupancy

  total $850,747

• 17 · Travel

  total $3,083,976

• 19 · Conferences, conventions and meetings

  total $830,202

• 20 · Interest

  total $3,170,176

• 21 · Payments to affiliates

  total $4,202,270

• 22 · Depreciation, depletion and amortization

  total $1,332,068

• 23 · Insurance

  total $609,311

• 24a · Other expenses: POLITICAL CONTRIBUTIONS

  total $12,970,139

• 24b · Other expenses: ORGANIZING & EDUCATIONA

  total $5,509,451

• 24c · Other expenses: TRANSFER TO EPEC EDUCAT

  total $4,306,899

• 24d · Other expenses: LEGISLATIVE, POLITICAL,

  total $1,041,859

• 24e · All other expenses

  total $224,412

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $9,374,850 · end of year $8,180,060

• 2 · Savings and temporary cash investments

  beginning of year $2,267,514 · end of year $2,876,384

• 4 · Accounts receivable

  beginning of year $201,647,311 · end of year $204,549,673

• 8 · Inventories for sale or use

  beginning of year $211,088 · end of year $252,545

• 9 · Prepaid expenses and deferred charges

  beginning of year $506,825 · end of year $846,321

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

  $38,325,680

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

  $27,569,994

• 10c · Land, buildings and equipment, net

  beginning of year $11,611,472 · end of year $10,755,686

• 11 · Investments: publicly traded securities

  beginning of year $365,663,276 · end of year $354,759,551

• 15 · Other assets

  beginning of year $555,595 · end of year $561,822

• 17 · Accounts payable and accrued expenses

  beginning of year $3,377,024 · end of year $2,625,476

• 25 · Other liabilities

  beginning of year $151,800,904 · end of year $135,369,181

• 27 · Net assets without donor restrictions

  beginning of year $436,660,003 · end of year $444,787,385

The filer's explanations (Part III)

PART I, LINE 1A

THE UNION PROVIDES FOR THE PERSONAL USE OF AN APARTMENT AND RELATED CLEANING SERVICES FOR ITS GENERAL PRESIDENT. THE UNION HAS PROVIDED FIRST-CLASS ON VARIOUS OCCASIONS DEPENDING ON CIRCUMSTANCES. THE GEN PRESIDENT AND GEN. SEC-TREASURER CAN TAKE THEIR SPOUSES ON CERTAIN BUSINESS TRIPS PER THE CONSTITUTION. THE ORGANIZATION PROVIDES TRAVEL ALLOWANCES TO JOSEPH GIACIN, CHIEF OF STAFF. HE ALSO USES FIRST CLASS TRAVEL WHEN APPROPRIATE. HE IS PROVIDED AN APARTMENT. THE ORGANIZATION PROVIDES AN APARTMENT TO MATT MCGUIRE, GENERAL COUNSEL.