International Association Of Machinists & Aerospace Workers
- Assets
- $4.2m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 19
- Location
- Lyndhurst, NJ
- Founding
- 12/1940
- Data as of
- 12/2023
- EIN
- 13-5658141
Organization Overview
International Association Of Machinists & Aerospace Workers is located in Lyndhurst, NJ. The organization was established in 1940. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2023, International Association Of Machinists & Aerospace Workers employed 19 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. International Association Of Machinists & Aerospace Workers is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2023, International Association Of Machinists & Aerospace Workers generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2023. 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
TO PROVIDE UNION REPRESENTATION FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE UNION REPRESENTATION FOR ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Hutchinson Board Member | Trustee | 5 | $0 |
Aaron Rowles Board Member | Trustee | 5 | $0 |
Perry Esposito Board Member | Trustee | 5 | $0 |
Joseph Scianna President | Officer | 5 | $0 |
Steve Mcloughlin Vice-President | Officer | 5 | $0 |
Robert Motisi Secretary-Treasurer | Officer | 5 | $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 | $2,233,382 |
| Investment income | $108,139 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $44,820 |
| Net Gain/Loss on Asset Sales | -$26,063 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,360,278 |
| 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. | $16,750 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,174,391 |
| Pension plan accruals and contributions | $118,513 |
| Other employee benefits | $191,471 |
| Payroll taxes | $87,953 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $46,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,073 |
| Advertising and promotion | $0 |
| Office expenses | $38,067 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,239 |
| Travel | $78,598 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,997 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $81,007 |
| Insurance | $49,368 |
| All other expenses | $38,618 |
| Total functional expenses | $2,234,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $861,855 |
| Savings and temporary cash investments | $31,332 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $391,587 |
| 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 | $15,303 |
| Net Land, buildings, and equipment | $641,570 |
| Investments—publicly traded securities | $2,171,287 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $125,104 |
| Total assets | $4,238,038 |
| Accounts payable and accrued expenses | $35,470 |
| 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 | $125,705 |
| Total liabilities | $161,175 |
| Net assets without donor restrictions | $4,076,863 |
| 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 | $4,238,038 |