Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $100,000

• 2a · Program service revenue: MEMBERSHIP DUES

  total $1,650,543 · related or exempt $1,650,543

• 3 · Investment income

  total $51,626 · excluded $51,626

• 7a · Gross sales of assets other than inventory

  securities $806,059 · other assets $17,000

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

  securities $832,789 · other assets $0

• 7c · Gain or loss

  securities -$26,730 · other assets $17,000

• 7d · Net gain or loss

  total -$9,730 · excluded -$9,730

• 11a · Other revenue: ZEUBERIS RESTITUTION

  total $5,531 · excluded $5,531

• 11b · Other revenue: MISCELLANEOUS

  total $401 · excluded $401

• 11e · Other revenue, total

  $5,932

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $10,494

• 2 · Grants to domestic individuals

  total $179

• 4 · Benefits paid to or for members

  total $17,692

• 5 · Compensation of officers, directors and key employees

  total $1,012,651

• 7 · Other salaries and wages

  total $91,779

• 8 · Pension plan contributions

  total $57,255

• 9 · Other employee benefits

  total $34,944

• 10 · Payroll taxes

  total $49,853

• 11c · Fees: accounting

  total $16,000

• 11f · Fees: investment management

  total $10,035

• 11g · Fees: other

  total $2,238

• 13 · Office expenses

  total $31,763

• 16 · Occupancy

  total $39,707

• 17 · Travel

  total $21,904

• 19 · Conferences, conventions and meetings

  total $5,151

• 21 · Payments to affiliates

  total $236,649

• 22 · Depreciation, depletion and amortization

  total $58,235

• 23 · Insurance

  total $20,572

• 24a · Other expenses: UNION PROMOTIONAL ITEMS

  total $38,386

• 24b · Other expenses: OTHER FRINGE REPORT CON

  total $11,358

• 24c · Other expenses: DUES REFUNDED

  total $546

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $197,441 · end of year $393,394

• 2 · Savings and temporary cash investments

  beginning of year $340,698 · end of year $243,704

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

  $1,037,311

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

  $703,474

• 10c · Land, buildings and equipment, net

  beginning of year $312,290 · end of year $333,837

• 11 · Investments: publicly traded securities

  beginning of year $1,639,429 · end of year $1,550,985

• 25 · Other liabilities

  beginning of year $1,891 · end of year $2,973

• 27 · Net assets without donor restrictions

  beginning of year $2,487,967 · end of year $2,518,947

The filer's explanations (Part III)

PART I, LINE 1A

AN EXPENSE POLICY APPROVED BY THE LABORERS' INTERNATIONAL UNION OF NORTH AMERICA ALLOWS FOR TRAVEL EXPENSES TO BE PAID FOR BY THE LOCAL THAT ARE INCURRED BY AN EXECUTIVE BOARD MEMBER'S SPOUSE WHO ACCOMPANIES THE EXECUTIVE BOARD MEMBER WHEN THE MEMBER TRAVELS IN CONNECTION WITH THE PERFORMANCE OF THE MEMBERS DUTIES AND RESPONSIBILITIES.

PART I, LINE 4B

ALL OFFICERS PARTICIPATE IN A NONQUALIFIED SEVERANCE PLAN. THE SEVERANCE BENEFIT IS ONE WEEK'S WAGES FOR EACH FULL YEAR OF CONTINUOUS SERVICE AND A PRORATED PAYMENT FOR LESS THAN A FULL YEAR OF SERVICE. FOR PART TIME OFFICERS THE SEVERANCE BENEFIT IS EQUAL TO ONE MONTH'S STIPEND FOR EACH FULL YEAR OF CONTINUOUS SERVICE AND A PRORATED PAYMENT FOR LESS THAN A FULL YEAR OF SERVICE.