Freelancers Union Inc
- Assets
- $15.7m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 01/2008
- Data as of
- 12/2022
- EIN
- 20-3491772
Organization Overview
Freelancers Union Inc is located in Brooklyn, NY. The organization was established in 2008. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freelancers Union Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Freelancers Union Inc generated $1.1m 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 (13.8%) each year. All expenses for the organization totaled $969.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (19.3%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADDRESS THE CONCERNS OF THE INDEPENDENT WORKFORCE THROUGH ADVOCACY, EDUCATION AND SERVICE, AND THROUGH THE DEVELOPMENT OF NEW MODELS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PORTABLE BENEFITS NETWORK - MAINTAIN DISCRETIONARY GROUP STATUS AND LINK UNINSURED INDEPENDENT AND LOW-INCOME WORKERS TO AN INNOVATIVE SOCIAL SAFETY NET OF INSURANCE BENEFITS (HEALTH, LIFE AND DISABILITY AND OTHER TRADITIONAL WORKPLACE BENEFITS) NOT PREVIOUSLY AVAILABLE TO FREELANCERS AS THEY MOVE FROM JOB TO JOB.
EDUCATION AND ADVOCACY PROVIDES PRACTICAL INFORMATION AND BROAD RANGE OF RESOURCES TO INDEPENDENT WORKERS, POLICYMAKERS, MEDIA AND THE PUBLIC, INCLUDING WORKSHOPS AND REFERRALS FOR INDEPENDENT WORKERS ON THE LEGAL AND TAX CONSIDERATIONS OF WORKING INDEPENDENTLY, POLICY UPDATES TO FREELANCERS AND POLICYMAKERS, AND RESEARCH AND ANALYSIS TO THE MEDIA AND GENERAL PUBLIC ON THE CHANGING NATURE OF THE ECONOMY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rafael Espinal Exec. Director | OfficerTrustee | 28 | $173,729 |
Hanan Kolko Chair | OfficerTrustee | 1 | $0 |
Trisala Chandaria Secretary/treasurer | OfficerTrustee | 1 | $0 |
Ina Chang Director | Trustee | 1 | $0 |
Ohad Folman Director | Trustee | 1 | $0 |
Elle Toussi Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Outfront Media Advertising | 12/30/15 | $310,000 |
Swellshark Llc Public Relations | 12/30/15 | $189,540 |
Mcdemott Will & Emery Llp Legal | 12/30/15 | $130,557 |
Waterfield Technologies Information Technology | 12/30/15 | $136,741 |
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 | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,145,772 |
| 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. | $181,038 |
| Compensation of current officers, directors, key employees. | $47,432 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $148,523 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,895 |
| Payroll taxes | $25,526 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,136 |
| Fees for services: Accounting | $22,589 |
| Fees for services: Lobbying | $27,333 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $173,938 |
| Advertising and promotion | $110,446 |
| Office expenses | $37,331 |
| Information technology | $29,623 |
| Royalties | $0 |
| Occupancy | $39,546 |
| Travel | $17,170 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,858 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $62,794 |
| All other expenses | $60,984 |
| Total functional expenses | $969,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,155,151 |
| Savings and temporary cash investments | $1,500 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $176,060 |
| 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 | $45,826 |
| Net Land, buildings, and equipment | $100,337 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $13,520,659 |
| Intangible assets | $0 |
| Other assets | $658,408 |
| Total assets | $15,657,941 |
| Accounts payable and accrued expenses | $1,510,465 |
| Grants payable | $0 |
| Deferred revenue | $248,757 |
| 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 | $8,921,394 |
| Other liabilities | $8,006,015 |
| Total liabilities | $18,686,631 |
| Net assets without donor restrictions | -$3,028,690 |
| 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 | $15,657,941 |