Retail Wholesale & Department Store Union
- Assets
- $50.5m
- Revenue
- $15.8m
- Investments
- $47.6m
- Employees
- 67
- Location
- New York, NY
- Founding
- 08/1943
- Data as of
- 12/2021
- EIN
- 13-1426674
Organization Overview
Retail Wholesale & Department Store Union is located in New York, NY. The organization was established in 1943. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2021, Retail Wholesale & Department Store Union employed 67 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Retail Wholesale & Department Store Union is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2021, Retail Wholesale & Department Store Union generated $15.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.8%) each year. All expenses for the organization totaled $16.0m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TRADE UNION TO ORGANIZE AND PROVIDE SERVICES TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNION PROVIDED SUPPORT TO ITS MEMBERS IN THE AREAS OF COLLECTIVE BARGAINING, WORKER SAFETY, ORGANIZING AND EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stuart Appelbaum President | OfficerTrustee | 40 | $325,760 |
Jack Wurm Jr Secretary/treasurer | OfficerTrustee | 40 | $308,071 |
Robert Layng Executive Assistant To The President | Officer | 40 | $226,458 |
David Mertz Vice President | OfficerTrustee | 40 | $216,458 |
Ademola Oyefeso Dir Of Int'l Legislative & | 40 | $191,725 | |
Jack Caffey Vice President | 40 | $191,382 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $107,445 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,940 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $157,385 |
| Total Program Service Revenue | $0 |
| Investment income | $643,880 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $35,778 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $791,516 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,796,954 |
| 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. | $1,662,350 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,647,198 |
| Pension plan accruals and contributions | $1,199,015 |
| Other employee benefits | $1,626,332 |
| Payroll taxes | $563,688 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,399 |
| Fees for services: Accounting | $42,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $56,745 |
| Fees for services: Other | $189,235 |
| Advertising and promotion | $0 |
| Office expenses | $343,588 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,471,596 |
| Travel | $1,001,257 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $162,693 |
| Interest | $14,296 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $83,953 |
| All other expenses | $311,945 |
| Total functional expenses | $16,021,224 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,610,544 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $47,590,767 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $302,916 |
| Total assets | $50,504,227 |
| 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 | $146,888 |
| Total liabilities | $146,888 |
| Net assets without donor restrictions | $50,357,339 |
| 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 | $50,504,227 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Retail Wholesale & Department Store Union has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
United Food And Commercial Workers International Union Washington, DC PURPOSE: GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Federation Of State County & Municipal Employees New York, NY | $77,027,109 | $53,363,394 |
New York State Nurses Association New York, NY | $106,360,017 | $53,864,397 |
United Brotherhood Of Carpenters & Joiners Of America Boston, MA | $146,178,722 | $53,186,412 |
Cement & Concrete Workers District Council Welfare Fund Flushing, NY | $115,712,146 | $34,540,506 |
Service Employees International Union Albany, NY | $31,308,144 | $40,993,536 |
Major League Baseball Players Assn New York, NY | $280,679,317 | $145,511,307 |
United Brotherhood Of Carpenters & Joiners Of America New York, NY | $64,514,321 | $30,390,224 |
American Federation Of State County & Municipal Employees Harrisburg, PA | $13,029,415 | $28,034,126 |
Enterprise Association Local 638 Long Island City, NY | $80,989,566 | $29,703,227 |
United University Professions Benefit Trust Fund Albany, NY | $81,922,697 | $45,334,954 |
Transport Workers Union Of America Brooklyn, NY | $13,886,848 | $35,125,762 |
International Alliance Theatrical Stage Employees New York, NY | $95,540,739 | $36,594,534 |