Form 990 for tax year 2022
Filed by INTERNATIONAL ASSOCIATION OF BRIDGE IRON WORKERS LOCAL NO 512.
Totals
- Total revenue
- $5,974,704
- Total expenses
- $5,931,198
- Contributions and grants received
- $0
- Grants paid
- $114,900
- Program service revenue
- $5,632,477
- Investment income
- $271,918
- Other revenue
- $70,309
- Total assets, end of year
- $13,422,866
- Total liabilities, end of year
- $19,959
- Net assets or fund balances, end of year
- $13,402,907
- 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 $4,268,647 · related or exempt $4,268,647
-
2b · Program service revenue: MONTHLY DUES
total $784,157 · related or exempt $784,157
-
2c · Program service revenue: IMPACT ASSESSMENTS
total $579,673 · related or exempt $579,673
-
3 · Investment income
total $324,307 · excluded $324,307
-
7a · Gross sales of assets other than inventory
securities $1,366,385 · other assets $8,500
-
7b · Less cost or other basis and sales expenses
securities $1,427,274 · other assets $0
-
7c · Gain or loss
securities -$60,889 · other assets $8,500
-
7d · Net gain or loss
total -$52,389 · excluded -$52,389
-
10a · Gross sales of inventory
$37,148
-
10b · Cost of goods sold
$35,741
-
10c · Net income from sales of inventory
total $1,407 · excluded $1,407
-
11a · Other revenue: MISCELLANEOUS
total $68,902 · excluded $68,902
-
11e · Other revenue, total
$68,902
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $40,480
-
2 · Grants to domestic individuals
total $74,420
-
4 · Benefits paid to or for members
total $98,776
-
5 · Compensation of officers, directors and key employees
total $996,601
-
7 · Other salaries and wages
total $281,783
-
8 · Pension plan contributions
total $399,801
-
9 · Other employee benefits
total $438,847
-
10 · Payroll taxes
total $130,717
-
11b · Fees: legal
total $13,111
-
11c · Fees: accounting
total $60,900
-
11d · Fees: lobbying
total $49,265
-
11f · Fees: investment management
total $54,113
-
12 · Advertising and promotion
total $23,020
-
13 · Office expenses
total $90,733
-
16 · Occupancy
total $92,163
-
17 · Travel
total $50,345
-
21 · Payments to affiliates
total $1,125,315
-
22 · Depreciation, depletion and amortization
total $64,249
-
23 · Insurance
total $49,208
-
24a · Other expenses: MARKET RECOVERY
total $1,070,939
-
24b · Other expenses: IMPACT EXPENSES
total $496,909
-
24c · Other expenses: OTHER EXPENSES
total $157,640
-
24d · Other expenses: LOCAL UNION OFFICER EXP
total $71,863
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $55,479 · end of year $2,780
-
2 · Savings and temporary cash investments
beginning of year $988,466 · end of year $590,858
-
4 · Accounts receivable
beginning of year $103,638 · end of year $90,948
-
8 · Inventories for sale or use
beginning of year $58,254 · end of year $66,128
-
10a · Land, buildings and equipment: cost or other basis
$595,932
-
10b · Land, buildings and equipment: accumulated depreciation
$354,070
-
10c · Land, buildings and equipment, net
beginning of year $203,192 · end of year $241,862
-
11 · Investments: publicly traded securities
beginning of year $11,259,893 · end of year $12,130,973
-
12 · Investments: other securities
beginning of year $234,147 · end of year $299,317
-
17 · Accounts payable and accrued expenses
beginning of year $21,497 · end of year $16,909
-
25 · Other liabilities
beginning of year $3,050 · end of year $3,050
-
27 · Net assets without donor restrictions
beginning of year $12,878,522 · end of year $13,402,907
Mission and programs · 2022
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, 2023, APPROXIMATELY 2,207 MEMBERS COVERED.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Josh KalinaJOSH KALINA
EXECUTIVE BOARD MEMBER
- Total calculated
- $189,377
- From this org
- $93,677
- From related orgs
- $0
- Other
- $95,700
- Hours/week
- 1 + 0.3 related
Schedule J breakdown matched by us
- Base
- $93,677
- Bonus
- $0
- Other
- $0
- Deferred
- $72,071
- Nontaxable benefits
- $23,629
- Filer's total
- $189,377
-
Mike LoftusMIKE LOFTUS
TRUSTEE
- Total calculated
- $187,123
- From this org
- $91,666
- From related orgs
- $0
- Other
- $95,457
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $91,666
- Bonus
- $0
- Other
- $0
- Deferred
- $71,828
- Nontaxable benefits
- $23,629
- Filer's total
- $187,123
-
Brent HarjuBRENT HARJU
PRESIDENT
- Total calculated
- $2,948
- From this org
- $2,948
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Sam GavittSAM GAVITT
EXECUTIVE BOARD MEMBER
- Total calculated
- $1,856
- From this org
- $1,856
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1 + 0.3 related
-
Pat OlsonPAT OLSON
EXECUTIVE BOARD MEMBER
- Total calculated
- $1,688
- From this org
- $1,688
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1 + 0.3 related
-
Kyle PonceletKYLE PONCELET
TRUSTEE
- Total calculated
- $728
- From this org
- $728
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Eric WickorenERIC WICKOREN
SERGEANT-AT-ARMS
- Total calculated
- $603
- From this org
- $603
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Toussaint Moore JrTOUSSAINT MOORE JR
TRUSTEE
- Total calculated
- $554
- From this org
- $554
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Joe PetersonJOE PETERSON
EXAMINING COMMITTEE MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ryan StepkaRYAN STEPKA
EXECUTIVE BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 0.3 related
-
John RyanJOHN RYAN
EXAMINING COMMITTEE MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Troy SebionTROY SEBION
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Zack HeisermanZACK HEISERMAN
EXECUTIVE BOARD MEMBER
- Total calculated
- $1,575
- From this org
- $1,575
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1 + 0.3 related
-
Cody LundCODY LUND
RECORDING SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 0.3 related
-
Barry DaviesBARRY DAVIES
BUSINESS MANAGER - FIN SEC
- Total calculated
- $230,998
- From this org
- $125,248
- From related orgs
- $0
- Other
- $105,750
- Hours/week
- 48 + 2 related
Schedule J breakdown matched by us
- Base
- $125,248
- Bonus
- $0
- Other
- $0
- Deferred
- $82,121
- Nontaxable benefits
- $23,629
- Filer's total
- $230,998
-
Marc JurekMARC JUREK
BUSINESS AGENT
- Total calculated
- $211,014
- From this org
- $109,876
- From related orgs
- $0
- Other
- $101,138
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $109,876
- Bonus
- $0
- Other
- $0
- Deferred
- $77,509
- Nontaxable benefits
- $23,629
- Filer's total
- $211,014
-
Scott JohnsonSCOTT JOHNSON
BUSINESS AGENT
- Total calculated
- $210,516
- From this org
- $109,493
- From related orgs
- $0
- Other
- $101,023
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $109,493
- Bonus
- $0
- Other
- $0
- Deferred
- $77,394
- Nontaxable benefits
- $23,629
- Filer's total
- $210,516
-
Mike WaltersMIKE WALTERS
BUSINESS AGENT
- Total calculated
- $209,596
- From this org
- $108,785
- From related orgs
- $0
- Other
- $100,811
- Hours/week
- 45 + 0.3 related
Schedule J breakdown matched by us
- Base
- $108,785
- Bonus
- $0
- Other
- $0
- Deferred
- $77,182
- Nontaxable benefits
- $23,629
- Filer's total
- $209,596
-
Nate O'ReillyNATE O'REILLY
BUSINESS AGENT
- Total calculated
- $209,133
- From this org
- $108,429
- From related orgs
- $0
- Other
- $100,704
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $108,429
- Bonus
- $0
- Other
- $0
- Deferred
- $77,075
- Nontaxable benefits
- $23,629
- Filer's total
- $209,133
-
Keith MusolfKEITH MUSOLF
BUSINESS AGENT
- Total calculated
- $211,858
- From this org
- $110,525
- From related orgs
- $0
- Other
- $101,333
- Hours/week
- 45 + 0.3 related
Schedule J breakdown matched by us
- Base
- $110,525
- Bonus
- $0
- Other
- $0
- Deferred
- $77,704
- Nontaxable benefits
- $23,629
- Filer's total
- $211,858
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.
-
TC LOCAL UNION #512 OF BRIDGE STRCTRL ORNMNTL & REINFRCNG IRON WK BLDG CO
501(C)(2) · RENTAL PROPERTY · MN
Directly controlled by IRONWORKERS LOCAL #512
-
IRONWORKERS LOCAL #512 COPE FUND
527 · POLITICAL FUND · MN · controlled entity
Directly controlled by IRONWORKERS LOCAL #512
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 16 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202430179349300543
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