Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: WORK ASSESSMENTS

  total $2,428,344 · related or exempt $2,428,344

• 2b · Program service revenue: WORK DUES

  total $282,941 · related or exempt $282,941

• 2c · Program service revenue: FEES

  total $11,859 · related or exempt $11,859

• 3 · Investment income

  total $94,468 · excluded $94,468

• 7a · Gross sales of assets other than inventory

  securities $3,230,275

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

  securities $3,066,082

• 7c · Gain or loss

  securities $164,193

• 7d · Net gain or loss

  total $164,193 · related or exempt $164,193

• 10a · Gross sales of inventory

  $1,939

• 10b · Cost of goods sold

  $55,821

• 10c · Net income from sales of inventory

  total -$53,882 · related or exempt -$53,882

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $9,744 · excluded $9,744

• 11e · Other revenue, total

  $9,744

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $83,613

• 5 · Compensation of officers, directors and key employees

  total $787,670

• 7 · Other salaries and wages

  total $167,300

• 8 · Pension plan contributions

  total $407,413

• 9 · Other employee benefits

  total $167,027

• 10 · Payroll taxes

  total $73,912

• 11b · Fees: legal

  total $61,950

• 11c · Fees: accounting

  total $20,942

• 11f · Fees: investment management

  total $13,052

• 13 · Office expenses

  total $110,747

• 14 · Information technology

  total $39,391

• 16 · Occupancy

  total $22,197

• 17 · Travel

  total $41,313

• 19 · Conferences, conventions and meetings

  total $31,986

• 22 · Depreciation, depletion and amortization

  total $5,744

• 23 · Insurance

  total $112,456

• 24a · Other expenses: PER CAPITA DUES

  total $597,587

• 24b · Other expenses: MEMBERSHIP FUNCTIONS

  total $220,199

• 24c · Other expenses: CHARITABLE CONTRIBUTION

  total $52,695

• 24d · Other expenses: POLITICAL CONTRIBUTIONS

  total $37,000

• 24e · All other expenses

  total $41,303

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $251,350 · end of year $251,449

• 2 · Savings and temporary cash investments

  beginning of year $162,573 · end of year $56,277

• 8 · Inventories for sale or use

  beginning of year $107,003 · end of year $100,844

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

  $248,318

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

  $245,676

• 10c · Land, buildings and equipment, net

  beginning of year $8,386 · end of year $2,642

• 11 · Investments: publicly traded securities

  beginning of year $3,458,069 · end of year $3,421,239

• 12 · Investments: other securities

  beginning of year $13,138 · end of year $13,138

• 15 · Other assets

  beginning of year $58,092 · end of year $65,666

• 25 · Other liabilities

  beginning of year $118,783 · end of year $120,636

• 27 · Net assets without donor restrictions

  beginning of year $3,939,828 · end of year $3,790,619

The filer's explanations (Part III)

PART I, LINE 1A

TRUSTEES WHO ATTENDED CONFERENCES LOCATED EAST OF THE ROCKY MOUNTAINS WERE ALLOWED FIRST CLASS AIRFARE.

PART I, LINE 3

THE FINANCIAL SECRETARY-TREASURER'S SALARY IS BASED ON LOCAL 630'S JOURNEYMAN WAGE + LOCAL 1'S JOURNEYMAN WAGE FOR THE PERIOD (WHICH WAS PREVIOUSLY APPROVED BY THE EXECUTIVE BOARD) THE FINANCIAL SECRETARY-TREASURER ALSO RECEIVES A MONTHLY AUTOMOBILE ALLOWANCE OF $950 PER MONTH (APPROVED BY THE EXECUTIVE BOARD ON 02/12/2019).