Glassmolderspotteryplastics & Allied Workers International Union
- Assets
- $66.1m
- Revenue
- $18.0m
- Investments
- $1.1m
- Employees
- 35
- Location
- Media, PA
- Founding
- Data as of
- 10/2017
- EIN
- 23-0628010
Organization Overview
Glassmolderspotteryplastics & Allied Workers International Union is located in Media, PA. As of 10/2017, Glassmolderspotteryplastics & Allied Workers International Union employed 35 individuals. Glassmolderspotteryplastics & Allied Workers International 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 10/2017, Glassmolderspotteryplastics & Allied Workers International Union generated $18.0m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $12.9m during the year ending 10/2017. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
THE UNION ENGAGES IN CUSTOMARY AND USUAL ACTIVITIES OF A TAX EXEMPT LABOR UNION, PROVIDING A VARIETY OF REPRESENTATION BENEFITS AND SERVICES TO ITS ENTIRE MEMBERSHIP. THE UNION HAS APPROXIMATELY 23,857 MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION'S PRIMARY PURPOSE OF SERVING THE MEMBERS COLLECTIVE BARGAINING ISSUES
BENEFITS PAID TO MEMBERS FOR: 1.STRIKE BENEFITS 2.DEATH BENEFITS
SCHOLARSHIP GRANTS FOR COLLEGE (CHILDERN OF MEMBERS ONLY) ALSO COLLEGE TESTING SERVICE & OTHER EXPENSES
CONTRIBUTIONS,GIFTS,GRANT,ETC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce R Smith President | Officer | 40 | $142,568 |
Claude Beaudin Fin Secy | Officer | 40 | $128,307 |
David Doyle Dir Of Canad | Officer | 40 | $117,677 |
Jerry Cotton Vice Pres | Officer | 40 | $117,619 |
James Hunter Vice Pres | Officer | 40 | $117,619 |
Brenda Scotland Vice Pres | Officer | 40 | $117,619 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fred Greenberg Pc Legal Services | 10/30/17 | $180,807 |
Neibauer & Co Pc Accounting Ser | 10/30/17 | $116,776 |
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 | $11,785,007 |
| Investment income | $2,244,572 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,596,197 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,024,954 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $575 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $1,389,553 |
| Compensation of current officers, directors, key employees. | $1,898,227 |
| Compensation of current officers, directors, key employees. | $447,302 |
| Compensation to disqualified persons | $120,592 |
| Other salaries and wages | $903,406 |
| Pension plan accruals and contributions | $3,413,078 |
| Other employee benefits | $1,795,679 |
| Payroll taxes | $207,819 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $194,956 |
| Fees for services: Accounting | $116,776 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $305,143 |
| Fees for services: Other | $95,825 |
| Advertising and promotion | $0 |
| Office expenses | $119,640 |
| Information technology | $103,607 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $403,888 |
| Interest | $0 |
| Payments to affiliates | $228,768 |
| Depreciation, depletion, and amortization | $183,420 |
| Insurance | $369,221 |
| All other expenses | $184,913 |
| Total functional expenses | $12,922,411 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $3,791,093 |
| 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 | $150,308 |
| Investments—publicly traded securities | $60,892,550 |
| Investments—other securities | $1,073,119 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $204,431 |
| Total assets | $66,112,001 |
| 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 | $214,139 |
| Total liabilities | $214,139 |
| Unrestricted restricted net Assets | $64,017,866 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $1,879,996 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $65,897,862 |