Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MEMBERSHIP DUES / ASSESSMENTS

  total $3,413,895 · related or exempt $3,413,895

• 2b · Program service revenue: DISTRIBUTION FROM AFFILIATE

  total $50,000 · related or exempt $50,000

• 3 · Investment income

  total $629,926 · excluded $629,926

• 7a · Gross sales of assets other than inventory

  securities $3,193,734 · other assets $134,249

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

  securities $3,138,258 · other assets $122,599

• 7c · Gain or loss

  securities $55,476 · other assets $11,650

• 7d · Net gain or loss

  total $67,126 · excluded $67,126

• 11a · Other revenue: OTHER REVENUE

  total $13,244 · excluded $13,244

• 11b · Other revenue: APPLICATION FEES COLLECTED

  total $6,520 · excluded $6,520

• 11e · Other revenue, total

  $19,764

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $99,878

• 4 · Benefits paid to or for members

  total $67,970

• 5 · Compensation of officers, directors and key employees

  total $1,638,492

• 7 · Other salaries and wages

  total $48,789

• 8 · Pension plan contributions

  total $41,465

• 9 · Other employee benefits

  total $37,640

• 10 · Payroll taxes

  total $69,635

• 11b · Fees: legal

  total $123

• 11c · Fees: accounting

  total $35,245

• 11d · Fees: lobbying

  total $20,900

• 11f · Fees: investment management

  total $35,290

• 12 · Advertising and promotion

  total $70,953

• 13 · Office expenses

  total $66,806

• 16 · Occupancy

  total $67,956

• 17 · Travel

  total $10,300

• 19 · Conferences, conventions and meetings

  total $175,876

• 21 · Payments to affiliates

  total $290,786

• 22 · Depreciation, depletion and amortization

  total $121,768

• 23 · Insurance

  total $21,776

• 24a · Other expenses: MEMBERSHIP ACTIVITIES

  total $128,657

• 24b · Other expenses: BANK AND CREDIT CARD FEES

  total $12,254

• 24c · Other expenses: DUES & SUBSCRIPTIONS

  total $5,065

• 24d · Other expenses: TWIC CARD REIMBURSEMENT

  total $3,350

• 24e · All other expenses

  total $1,009

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $446,635 · end of year $667,762

• 2 · Savings and temporary cash investments

  beginning of year $1,007,556 · end of year $1,227,369

• 8 · Inventories for sale or use

  beginning of year $27,375 · end of year $103,505

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

  $2,204,408

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

  $702,247

• 10c · Land, buildings and equipment, net

  beginning of year $1,496,967 · end of year $1,502,161

• 11 · Investments: publicly traded securities

  beginning of year $13,284,164 · end of year $14,171,471

• 15 · Other assets

  beginning of year $500 · end of year $500

• 25 · Other liabilities

  beginning of year $11,627 · end of year $8,469

• 27 · Net assets without donor restrictions

  beginning of year $16,251,570 · end of year $17,664,299

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 1A

CERTAIN OFFICERS OF THE LOCAL ATTEND CONVENTIONS AND MEETINGS HOSTED BY THE LABORERS' INTERNATIONAL UNION OF AMERICA. THESE CONVENTIONS CAN BE MULTIPLE DAYS AND SPOUSES ARE ALLOWED TO TRAVEL WITH THE OFFICERS. THE SPOUSAL TRAVEL IS INCLUDED ON THE OFFICERS' ANNUAL W-2'S AS TAXABLE FRINGES.