Form 990 for tax year 2024
Filed by LOCAL UNION NO 550 OF THE INTL ASSN OF BRIDGE STR & ORN IRON WORKERS.
Totals
- Total revenue
- $1,948,950
- Total expenses
- $1,422,994
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,823,777
- Investment income
- $125,173
- Other revenue
- $0
- Total assets, end of year
- $2,982,225
- Total liabilities, end of year
- $23,681
- Net assets or fund balances, end of year
- $2,958,544
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: MEMBERSHIP DUES
total $1,803,179 · related or exempt $1,803,179
-
2b · Program service revenue: DEATH FUND REIMBURSEME
total $19,600 · related or exempt $19,600
-
2c · Program service revenue: REIMBURSEMENTS FROM CD
total $998 · related or exempt $998
-
3 · Investment income
total $96,945 · excluded $96,945
-
7a · Gross sales of assets other than inventory
securities $46,878
-
7b · Less cost or other basis and sales expenses
securities $0 · other assets $18,650
-
7c · Gain or loss
securities $46,878 · other assets -$18,650
-
7d · Net gain or loss
total $28,228 · excluded $28,228
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $17,400
-
5 · Compensation of officers, directors and key employees
total $298,913
-
7 · Other salaries and wages
total $56,382
-
8 · Pension plan contributions
total $86,921
-
9 · Other employee benefits
total $37,377
-
10 · Payroll taxes
total $21,039
-
11c · Fees: accounting
total $12,430
-
11f · Fees: investment management
total $16,121
-
11g · Fees: other
total $2,181
-
12 · Advertising and promotion
total $79,090
-
13 · Office expenses
total $62,178
-
16 · Occupancy
total $37,281
-
17 · Travel
total $6,569
-
19 · Conferences, conventions and meetings
total $32,358
-
22 · Depreciation, depletion and amortization
total $26,424
-
23 · Insurance
total $21,662
-
24a · Other expenses: DUES & INITIATION FEES
total $386,071
-
24b · Other expenses: IMPACT
total $119,653
-
24c · Other expenses: MISCELLANEOUS EXPENSES
total $57,446
-
24d · Other expenses: TARGETING PAYMENTS
total $30,878
-
24e · All other expenses
total $14,620
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $303,073 · end of year $599,785
-
2 · Savings and temporary cash investments
beginning of year $1,930,966 · end of year $4,177
-
10a · Land, buildings and equipment: cost or other basis
$416,481
-
10b · Land, buildings and equipment: accumulated depreciation
$241,767
-
10c · Land, buildings and equipment, net
beginning of year $198,113 · end of year $174,714
-
11 · Investments: publicly traded securities
end of year $1,650,170
-
12 · Investments: other securities
end of year $531,895
-
15 · Other assets
beginning of year $21,484 · end of year $21,484
-
17 · Accounts payable and accrued expenses
beginning of year $18,008 · end of year $23,681
-
27 · Net assets without donor restrictions
beginning of year $2,435,628 · end of year $2,958,544
Mission and programs · 2024
Mission
DEVELOP TRADE SKILLS; CULTIVATE FRIENDSHIP IN THE TRADE; DISTRIBUTE EMPLOYMENT OPPORTUNITIES FAIRLY
-
THE OBJECTIVE OF THE INTERNATIONAL ORGANIZATION SHALL BE TO ENCOURAGE AND DEVELOP A HIGH STANDARD OF SKILL, TO CULTIVATE FEELINGS OF FRIENDSHIP AMONG THE CRAFT, AND TO EQUITABLY DISTRIBUTE OPPORTUNITIES OF EMPLOYMENT. THE OBJECTIVE SHALL BE TO SECURE BY LEGAL AND PROPER MEANS PAY COMMENSURATE WITH THE HAZARD, PHYSICAL AND MENTAL TAXATION AND EXHAUSTION AND AVERAGE LIFE ENDURED BY ITS MEMBERS IN PERFORMING SERVICES OF THE TRADE. THE OBJECTIVE SHALL BE TO DISCOURAGE PIECE WORK AND PROMOTE SAFE AND REASONABLE METHODS OF WORK TO CULTIVATE THE MORAL, INTELLECTUAL AND SOCIAL CONDITIONS FOR THE WELL BEING OF ALL ITS MEMBERS, THEIR FAMILIES, & IN THE INTEREST OF CITIZENSHIPS.
As filed on the 2024 return.
Listed in Part VII
-
Sean DiekmannSEAN DIEKMANN
BUSINESS MANAGER
- Total calculated
- $98,774
- From this org
- $67,871
- From related orgs
- $1,144
- Other
- $29,759
- Hours/week
- 38 + 2 related
-
Shawn McCartneySHAWN MCCARTNEY
RECORDING SECRETARY
- Total calculated
- $90,784
- From this org
- $1,119
- From related orgs
- $89,573
- Other
- $92
- Hours/week
- 1 + 39 related
-
Gary FelgenhauerGARY FELGENHAUER
PRESIDENT
- Total calculated
- $78,415
- From this org
- $54,065
- From related orgs
- $0
- Other
- $24,350
- Hours/week
- 38 + 2 related
-
Chad JordanCHAD JORDAN
VICE PRESIDENT
- Total calculated
- $42,233
- From this org
- $2,397
- From related orgs
- $39,225
- Other
- $611
- Hours/week
- 1 + 39 related
-
Cody D WilliamsCODY D WILLIAMS
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
Peter HuntleyPETER HUNTLEY
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
Nicholas TsaftaridesNICHOLAS TSAFTARIDES
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
Joe LioliosJOE LIOLIOS
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
David WaybleDAVID WAYBLE
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
Josh S YareffJOSH S YAREFF
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey L VaughnJEFFREY L VAUGHN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jeff L BrownJEFF L BROWN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Theron HodgeTHERON HODGE
PAST BUSINESS MANAGER
- Total calculated
- $58,468
- From this org
- $40,716
- From related orgs
- $0
- Other
- $17,752
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $40,716
- Bonus
- $0
- Other
- $0
- Deferred
- $8,143
- Nontaxable benefits
- $9,609
- Filer's total
- $58,468
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
IRONWORKERS JOINT APPRENTICESHIP TRUST FUND 550
501(C)(3) · EDUCATION AND TRAINING OF APPRENTICES · OH
-
501(C)(5) · SUPPORT THE IRONWORKERS LOCAL 550 · OH
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 29 April 2026
- IRS schema version
- 2024v5.5
- Source object
- 202621209349301522
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