Operative Plasterers & Cement Masons International Association
- Assets
- $3.4m
- Revenue
- $686.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 07/1940
- Data as of
- 12/2023
- EIN
- 23-0932560
Organization Overview
Operative Plasterers & Cement Masons International Association is located in Philadelphia, PA. 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. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Operative Plasterers & Cement Masons International Association 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, Operative Plasterers & Cement Masons International Association generated $686.7k 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 (17.1%) each year. All expenses for the organization totaled $720.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (15.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Operative Plasterers & Cement Masons International Association has awarded 55 individual grants totaling $1,662,506. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE OBJECTS OF THIS UNION SHALL BE TO ENCOURAGE A HIGH STANDARD OF SKILL AMONG ITS MEMBERS, THUS PROVIDING THE TRADE WITH COMPETENT WORKERS TO OBTAIN AND MAINTAIN A FAIR STANDARD OF WAGES; TO ASSIST EACH OTHER IN SECURING EMPLOYMENT; TO PROTECT THE JURISDICTION OF THE TRADE; TO THOROUGHLY ORGANIZE THOSE WORKING AT OUR CRAFTS FOR MUTUAL BENEFIT, PROTECTION AND GENERAL WELL BEING; AND TO ADVANCE AND ELEVATE THE MORAL, INTELLECTUAL, SOCIAL AND FINANCIAL CONDITIONS OF ALL ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ORGANIZE ALL WORKERS FOR THE ECONOMIC, MORAL AND SOCIAL ADVANCEMENT OF THEIR CONDITION AND STATUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Sabatini Financial Secretary-Treasu | Officer | 1 | $0 |
Simon Holmone Recording Secretary | Officer | 1 | $0 |
Jason Ercolono Executive Board | Officer | 1 | $0 |
Mark Wildsmith President/bus. Manager | Officer | 1 | $0 |
Dennis Fife Vice Predident | Officer | 1 | $0 |
Ed Lutz III Executive 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 | $626,617 |
| Investment income | $74,526 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14,490 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $686,653 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $596,564 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $2,683 |
| Fees for services: Legal | $900 |
| Fees for services: Accounting | $13,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,228 |
| Fees for services: Other | $0 |
| Advertising and promotion | $38,845 |
| Office expenses | $20,096 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,584 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $750 |
| Interest | $0 |
| Payments to affiliates | $1,150 |
| Depreciation, depletion, and amortization | $10,188 |
| Insurance | $2,012 |
| All other expenses | $0 |
| Total functional expenses | $720,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $675,398 |
| 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 | $2,719 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $149,059 |
| Investments—publicly traded securities | $2,570,355 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,534 |
| Total assets | $3,427,065 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $3,427,065 |
| Total liabilities and net assets/fund balances | $3,427,065 |
Grants Awarded
Over the last fiscal year, Operative Plasterers & Cement Masons International Association has awarded $584,102 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
MACRI PURPOSE: JOB TARGET AWARD | $56,323 |
PETER BRADLEY CONSTRUCTION INC PURPOSE: JOB TARGET AWARD | $66,400 |
NORTHEAST FIREPROOFING PURPOSE: JOB TARGET AWARD | $89,032 |
SS GILL PURPOSE: JOB TARGET AWARD | $23,012 |
RESOURCES NEW JERSEY PURPOSE: JOB TARGET AWARD | $20,158 |
HJ DIETZ PURPOSE: JOB TARGET AWARD | $14,798 |