Iron Workers Local Union 848
- Assets
- $949.4k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 10
- Location
- Charleston, SC
- Founding
- Data as of
- 06/2024
- EIN
- 01-0880548
Organization Overview
Iron Workers Local Union 848 is located in Charleston, SC. As of 06/2024, Iron Workers Local Union 848 employed 10 individuals. Iron Workers Local Union 848 is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2024, Iron Workers Local Union 848 generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.6% each year . All expenses for the organization totaled $1.2m during the year ending 06/2024. While expenses have increased by 16.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE EXEMPT PURPOSE OF THE UNION IS TO ACT AS A COLLECTIVE BARGAINING AGENT ON BEHALF OF THE UNION'S MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EXEMPT PURPOSE OF THE UNION IS TO ACT AS A COLLECTIVE BARGAINING AGENT OF BEHALF OF THE UNION'S MEMBERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Segovia Business Man | OfficerTrustee | 50 | $113,421 |
Ranferi Calvillo Trustee | Trustee | 10 | $89,638 |
Cesar Cisneros Board Member | Trustee | 10 | $84,956 |
Adam Stepp President | OfficerTrustee | 10 | $6,167 |
Jake Ditzenberger Board Member | Trustee | 10 | $0 |
Johnnie Nolin Recording Se | OfficerTrustee | 10 | $1,334 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,082,467 |
| Investment income | $19,480 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $89,581 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,557 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,275,706 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $286,149 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $74,327 |
| Pension plan accruals and contributions | $118,485 |
| Other employee benefits | $92,255 |
| Payroll taxes | $31,781 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $900 |
| Fees for services: Accounting | $33,566 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $42,983 |
| Office expenses | $34,360 |
| Information technology | $15,178 |
| Royalties | $0 |
| Occupancy | $130,856 |
| Travel | $46,574 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,721 |
| Interest | $0 |
| Payments to affiliates | $235,164 |
| Depreciation, depletion, and amortization | $27,682 |
| Insurance | $12,119 |
| All other expenses | $0 |
| Total functional expenses | $1,191,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,242 |
| Savings and temporary cash investments | $644,255 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $253,932 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $949,429 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,445 |
| Total liabilities | $11,445 |
| Net assets without donor restrictions | $937,984 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $949,429 |