International Assn Of Bridge Structural & Ornamental Iron Wkrs
- Assets
- $41.0m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 10
- Location
- New York, NY
- Founding
- 01/1943
- Data as of
- 06/2023
- EIN
- 13-5157704
Organization Overview
International Assn Of Bridge Structural & Ornamental Iron Wkrs 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 06/2023, International Assn Of Bridge Structural & Ornamental Iron Wkrs employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Assn Of Bridge Structural & Ornamental Iron Wkrs is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2023, International Assn Of Bridge Structural & Ornamental Iron Wkrs generated $4.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $4.3m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
LABOR UNION ACTIVITIES INCLUDING MEMBER REPRESENTATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IABSOIW LOCAL 580'S EXEMPT PURPOSE IS TO REPRESENT IT'S MEMBERS & TO NEGOTIATE ON BEHALF OF IT'S MEMBERS FOR RAISES AND BENEFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Mooney Examining Board | Officer | 1 | $0 |
Peter Myers Former Business Manager/financial Sec Tres | Officer | 45 | $149,413 |
Thomas Calabrese Executive Board | Officer | 1 | $0 |
Charles Fitzpatrick Examining Board | Officer | 1 | $0 |
John Cumberland Former Business Agent | Officer | 45 | $88,832 |
Joel Owusu Examining Board | Officer | 1 | $0 |
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 | $4,360,838 |
| Investment income | $961,430 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,009,885 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,313,989 |
| 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. | $751,232 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $204,789 |
| Pension plan accruals and contributions | $322,160 |
| Other employee benefits | $475,827 |
| Payroll taxes | $69,670 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $121,729 |
| Fees for services: Accounting | $67,305 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $55,158 |
| Fees for services: Other | $0 |
| Advertising and promotion | $90,854 |
| Office expenses | $10,857 |
| Information technology | $24,726 |
| Royalties | $0 |
| Occupancy | $177,818 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,346 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $67,564 |
| Insurance | $40,775 |
| All other expenses | $140,625 |
| Total functional expenses | $4,332,676 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $656,768 |
| Savings and temporary cash investments | $3,393,495 |
| 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 | $304,689 |
| Investments—publicly traded securities | $36,643,183 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $40,998,135 |
| Accounts payable and accrued expenses | $30,485 |
| 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 | $0 |
| Total liabilities | $30,485 |
| Net assets without donor restrictions | $40,967,650 |
| 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 | $40,998,135 |