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← INTERNATIONAL ASSOCIATION OF BRIDGE IRON WORKERS LOCAL NO 512

Form 990 for tax year 2023

Filed by INTERNATIONAL ASSOCIATION OF BRIDGE IRON WORKERS LOCAL NO 512.

Totals

Total revenue
$6,683,878
Total expenses
$5,842,450
Contributions and grants received
$0
Grants paid
$111,490
Program service revenue
$5,891,063
Investment income
$426,527
Other revenue
$366,288
Total assets, end of year
$14,952,127
Total liabilities, end of year
$14,738
Net assets or fund balances, end of year
$14,937,389
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: ASSESSMENTS

    total $4,484,759 · related or exempt $4,484,759

  • 2b · Program service revenue: MONTHLY DUES

    total $841,439 · related or exempt $841,439

  • 2c · Program service revenue: IMPACT ASSESSMENTS

    total $564,865 · related or exempt $564,865

  • 3 · Investment income

    total $420,159 · excluded $420,159

  • 7a · Gross sales of assets other than inventory

    securities $827,061 · other assets $7,669

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

    securities $828,362 · other assets $0

  • 7c · Gain or loss

    securities -$1,301 · other assets $7,669

  • 7d · Net gain or loss

    total $6,368 · excluded $6,368

  • 10a · Gross sales of inventory

    $37,688

  • 10b · Cost of goods sold

    $36,807

  • 10c · Net income from sales of inventory

    total $881 · excluded $881

  • 11a · Other revenue: REFUNDS

    total $318,283 · excluded $318,283

  • 11b · Other revenue: MISCELLANEOUS

    total $47,124 · excluded $47,124

  • 11e · Other revenue, total

    $365,407

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $77,482

  • 2 · Grants to domestic individuals

    total $34,008

  • 4 · Benefits paid to or for members

    total $88,294

  • 5 · Compensation of officers, directors and key employees

    total $1,294,867

  • 7 · Other salaries and wages

    total $560,781

  • 8 · Pension plan contributions

    total $109,499

  • 9 · Other employee benefits

    total $266,149

  • 10 · Payroll taxes

    total $93,789

  • 11b · Fees: legal

    total $11,682

  • 11c · Fees: accounting

    total $25,465

  • 11d · Fees: lobbying

    total $54,000

  • 11f · Fees: investment management

    total $57,453

  • 12 · Advertising and promotion

    total $22,482

  • 13 · Office expenses

    total $160,798

  • 16 · Occupancy

    total $102,856

  • 17 · Travel

    total $47,444

  • 21 · Payments to affiliates

    total $1,183,694

  • 22 · Depreciation, depletion and amortization

    total $81,574

  • 23 · Insurance

    total $33,002

  • 24a · Other expenses: MARKET RECOVERY

    total $698,360

  • 24b · Other expenses: IMPACT EXPENSES

    total $615,265

  • 24c · Other expenses: OTHER EXPENSES

    total $122,587

  • 24d · Other expenses: LOCAL UNION OFFICER EXP

    total $100,919

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,780 · end of year $589,672

  • 2 · Savings and temporary cash investments

    beginning of year $590,858 · end of year $50

  • 4 · Accounts receivable

    beginning of year $90,948 · end of year $152,902

  • 8 · Inventories for sale or use

    beginning of year $66,128 · end of year $89,426

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

    $754,669

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

    $372,544

  • 10c · Land, buildings and equipment, net

    beginning of year $241,862 · end of year $382,125

  • 11 · Investments: publicly traded securities

    beginning of year $12,130,973 · end of year $13,438,635

  • 12 · Investments: other securities

    beginning of year $299,317 · end of year $299,317

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,909 · end of year $11,688

  • 25 · Other liabilities

    beginning of year $3,050 · end of year $3,050

  • 27 · Net assets without donor restrictions

    beginning of year $13,402,907 · end of year $14,937,389

Mission and programs · 2023

Mission

THE PURPOSE OF THIS LABOR UNION IS TO PROMOTE THE MATERIAL AND INTELLECTUAL WELFARE OF MEMBERS AND THEIR FAMILIES IN MINNESOTA, WISCONSIN, AND NORTH DAKOTA. TO SECURE, BY LEGAL AND PROPER MEANS, ADEQUATE WAGES, WORKING CONDITIONS AND OPPORTUNITIES OF EMPLOYMENT. TO ENCOURAGE MEMBERS TO REGISTER AND VOTE IN INTEREST OF OBTAINING HIGHER STANDARDS OF CITIZENSHIP AND SECURE ADEQUATE LEGISLATION WHICH WILL SAFEGUARD AND PROMOTE THE PRINCIPLES OF FREE COLLECTIVE BARGAINING.

Activities or mission (Part I)

TO PROMOTE THE MATERIAL AND INTELLECTUAL WELFARE OF MEMBERS AND THEIR FAMILIES.

  • LABOR UNION ACTIVITY. AT JUNE 30, 2024, APPROXIMATELY 2,213 MEMBERS COVERED.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Troy Sebion

    PRESIDENT

    Total calculated
    $4,423
    From this org
    $4,423
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Brent Harju

    VICE PRESIDENT

    Total calculated
    $45,832
    From this org
    $45,832
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Josh Caturia

    RECORDING SECRETARY

    Total calculated
    $3,500
    From this org
    $3,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • William Martinez

    TRUSTEE

    Total calculated
    $1,822
    From this org
    $1,822
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Kyle Poncelet

    TRUSTEE

    Total calculated
    $777
    From this org
    $777
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Paul Speich

    TRUSTEE

    Total calculated
    $519
    From this org
    $519
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Shane Billmeyer

    SERGEANT-AT-ARMS

    Total calculated
    $583
    From this org
    $583
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • John Kelley

    EXAMINING COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Luke Steffens

    EXAMINING COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Max Davies

    EXAMINING COMMITTEE MEMBER

    Total calculated
    $65
    From this org
    $65
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Andy Sandberg

    EXECUTIVE BOARD MEMBER

    Total calculated
    $1,296
    From this org
    $1,296
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Zach Heiserman

    EXECUTIVE BOARD MEMBER

    Total calculated
    $1,554
    From this org
    $1,554
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Sam Gavitt

    EXECUTIVE BOARD MEMBER

    Total calculated
    $1,554
    From this org
    $1,554
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Ryan Stepka

    EXECUTIVE BOARD MEMBER

    Total calculated
    $1,683
    From this org
    $1,683
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Pat Olson

    EXECUTIVE BOARD MEMBER

    Total calculated
    $1,554
    From this org
    $1,554
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Barry Davies

    BUSINESS MANAGER - FIN SEC

    Total calculated
    $228,365
    From this org
    $133,491
    From related orgs
    $0
    Other
    $94,874
    Hours/week
    48 + 2 related

    Schedule J breakdown matched by us

    Base
    $133,491
    Bonus
    $0
    Other
    $0
    Deferred
    $71,245
    Nontaxable benefits
    $23,629
    Filer's total
    $228,365
  • Michael Mohowald

    BUSINESS AGENT

    Total calculated
    $158,306
    From this org
    $75,109
    From related orgs
    $0
    Other
    $83,197
    Hours/week
    45 + 0.3 related

    Schedule J breakdown matched by us

    Base
    $75,109
    Bonus
    $0
    Other
    $0
    Deferred
    $59,568
    Nontaxable benefits
    $23,629
    Filer's total
    $158,306
  • Keith Musolf

    BUSINESS AGENT

    Total calculated
    $207,343
    From this org
    $115,973
    From related orgs
    $0
    Other
    $91,370
    Hours/week
    45 + 0.3 related

    Schedule J breakdown matched by us

    Base
    $115,973
    Bonus
    $0
    Other
    $0
    Deferred
    $67,741
    Nontaxable benefits
    $23,629
    Filer's total
    $207,343
  • Nicklaus Petrucelle

    BUSINESS AGENT

    Total calculated
    $180,721
    From this org
    $93,788
    From related orgs
    $0
    Other
    $86,933
    Hours/week
    45 + 0.3 related

    Schedule J breakdown matched by us

    Base
    $93,788
    Bonus
    $0
    Other
    $0
    Deferred
    $63,304
    Nontaxable benefits
    $23,629
    Filer's total
    $180,721
  • Joshua Kalina

    BUSINESS AGENT

    Total calculated
    $189,250
    From this org
    $100,895
    From related orgs
    $0
    Other
    $88,355
    Hours/week
    45 + 0.3 related

    Schedule J breakdown matched by us

    Base
    $100,895
    Bonus
    $0
    Other
    $0
    Deferred
    $64,726
    Nontaxable benefits
    $23,629
    Filer's total
    $189,250
  • Clark Palmer

    BUSINESS AGENT

    Total calculated
    $168,584
    From this org
    $83,673
    From related orgs
    $0
    Other
    $84,911
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $83,673
    Bonus
    $0
    Other
    $0
    Deferred
    $61,282
    Nontaxable benefits
    $23,629
    Filer's total
    $168,584
  • Peter Tiegland

    TRAINING DIRECTOR

    Total calculated
    $205,253
    From this org
    $114,231
    From related orgs
    $0
    Other
    $91,022
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $114,231
    Bonus
    $0
    Other
    $0
    Deferred
    $67,393
    Nontaxable benefits
    $23,629
    Filer's total
    $205,253

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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Approval by the board or compensation committee

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.

Provenance

Return type
form_990
Tax year
2023
Filed
27 January 2025
IRS schema version
2023v6.0
Source object
202540289349301409

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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