Form 990 for tax year 2023
Filed by IRON WORKERS REGIONAL SHOP LOCAL UNION NO 851.
Totals
- Total revenue
- $1,109,847
- Total expenses
- $1,103,748
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $941,316
- Investment income
- $62,092
- Other revenue
- $106,439
- Total assets, end of year
- $1,652,117
- Total liabilities, end of year
- $3,807
- Net assets or fund balances, end of year
- $1,648,310
- Program services expenses (Part IX)
- $804,076
- Management and general expenses
- $299,672
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $804,076
Program services were 72.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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 $941,316 · related or exempt $941,316
-
3 · Investment income
total $64,793 · related or exempt $64,793
-
7a · Gross sales of assets other than inventory
securities $33,289 · other assets $36,101
-
7b · Less cost or other basis and sales expenses
securities $34,362 · other assets $37,729
-
7c · Gain or loss
securities -$1,073 · other assets -$1,628
-
7d · Net gain or loss
total -$2,701 · related or exempt -$2,701
-
11a · Other revenue: EXPENSE REIMBURSEMENT
total $88,264 · related or exempt $88,264
-
11b · Other revenue: LIFE INSURANCE PROCEEDS
total $17,500 · related or exempt $17,500
-
11c · Other revenue: MISCELLANEOUS
total $675 · related or exempt $675
-
11e · Other revenue, total
$106,439
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $17,500 · program services $17,500
-
5 · Compensation of officers, directors and key employees
total $203,416 · program services $189,117 · management and general $14,299
-
7 · Other salaries and wages
total $102,043 · program services $7,469 · management and general $94,574
-
8 · Pension plan contributions
total $39,566 · program services $23,132 · management and general $16,434
-
9 · Other employee benefits
total $83,474 · program services $57,602 · management and general $25,872
-
10 · Payroll taxes
total $24,227 · program services $15,480 · management and general $8,747
-
11b · Fees: legal
total $45,510 · program services $45,245 · management and general $265
-
11c · Fees: accounting
total $37,240 · management and general $37,240
-
11f · Fees: investment management
total $3,219 · management and general $3,219
-
11g · Fees: other
total $13,117 · program services $6,610 · management and general $6,507
-
13 · Office expenses
total $22,258 · program services $5,109 · management and general $17,149
-
16 · Occupancy
total $37,208 · management and general $37,208
-
17 · Travel
total $52,858 · program services $41,440 · management and general $11,418
-
19 · Conferences, conventions and meetings
total $4,385 · program services $3,522 · management and general $863
-
20 · Interest
total $528 · management and general $528
-
22 · Depreciation, depletion and amortization
total $21,447 · program services $17,712 · management and general $3,735
-
23 · Insurance
total $14,762 · management and general $14,762
-
24a · Other expenses: DUES TO INTL & DC
total $357,399 · program services $357,399
-
24b · Other expenses: TELEPHONE & INTERNET
total $6,819 · program services $3,163 · management and general $3,656
-
24c · Other expenses: MEMBER GIFTS
total $4,997 · program services $4,997
-
24d · Other expenses: DUES REIMBURSEMENT
total $3,793 · program services $3,793
-
24e · All other expenses
total $7,982 · program services $4,786 · management and general $3,196
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $388,004 · end of year $319,688
-
2 · Savings and temporary cash investments
beginning of year $1,070,988 · end of year $1,124,949
-
4 · Accounts receivable
beginning of year $5,657 · end of year $1,338
-
7 · Other notes and loans receivable
beginning of year $87,731 · end of year $76,149
-
8 · Inventories for sale or use
beginning of year $1,241 · end of year $5,763
-
10a · Land, buildings and equipment: cost or other basis
$139,874
-
10b · Land, buildings and equipment: accumulated depreciation
$50,739
-
10c · Land, buildings and equipment, net
beginning of year $54,989 · end of year $89,135
-
11 · Investments: publicly traded securities
beginning of year $31,504 · end of year $35,095
-
17 · Accounts payable and accrued expenses
beginning of year $1,875 · end of year $2,915
-
24 · Unsecured notes and loans payable
beginning of year $195 · end of year $892
-
27 · Net assets without donor restrictions
beginning of year $1,638,044 · end of year $1,648,310
Mission and programs · 2023
Mission
PROVIDE BENEFITS TO UNION MEMBERS
Activities or mission (Part I)
LOCAL TRADE UNION ADVOCATING FOR AND REPRESENTING ITS MEMBERS
-
LOCAL TRADE UNION ADVOCATING FOR AND REPRESENTING ITS MEMBERS
Expenses $804,076 · Revenue $941,316
As filed on the 2023 return.
Listed in Part VII
-
Michael D BaumannMICHAEL D BAUMANN
PRES, FIN SE
- Total calculated
- $80,570
- From this org
- $80,570
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Jeane ChaffinJEANE CHAFFIN
VICE PRESIDE
- Total calculated
- $62,415
- From this org
- $62,415
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Shawn O'HernSHAWN O'HERN
TRUSTEE/BUSI
- Total calculated
- $58,846
- From this org
- $58,846
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Ralph ParrishRALPH PARRISH
EXEC COMMITT
- Total calculated
- $600
- From this org
- $600
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Donald HalbritterDONALD HALBRITTER
TRUSTEE
- Total calculated
- $451
- From this org
- $451
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Adam RhodesADAM RHODES
TRUSTEE
- Total calculated
- $334
- From this org
- $334
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Stephen DerewonkoSTEPHEN DEREWONKO
EXEC COMMITT
- Total calculated
- $50
- From this org
- $50
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Matthew FrameMATTHEW FRAME
EXEC COMMITT
- Total calculated
- $50
- From this org
- $50
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Will RhodesWILL RHODES
EXEC COMMITT
- Total calculated
- $50
- From this org
- $50
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Arthur Barber JrARTHUR BARBER JR
RECORDING SE
- Total calculated
- $50
- From this org
- $50
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
William ArchibaldWILLIAM ARCHIBALD
SERGEANT-AT-
- Total calculated
- $0
- Hours/week
- 1
-
Keith KeesKEITH KEES
EXEC COMMITT
- Total calculated
- $0
- Hours/week
- 1
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.
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.
-
SHOPMEN'S LOCAL UNION 508 HEALTH
501C9 · HEALTHCARE · MI
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 8 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202403169349302835
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