Ironworkers Labor Management Committee Of Central Indiana Inc
- Assets
- $1.1m
- Revenue
- $507.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 04/2010
- Data as of
- 06/2023
- EIN
- 26-3160280
Organization Overview
Ironworkers Labor Management Committee Of Central Indiana Inc is located in Indianapolis, IN. The organization was established in 2010. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ironworkers Labor Management Committee Of Central Indiana Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2023, Ironworkers Labor Management Committee Of Central Indiana Inc generated $507.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $288.8k during the year ending 06/2023. While expenses have increased by 5.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Ironworkers Labor Management Committee Of Central Indiana Inc has awarded 26 individual grants totaling $2,354,875. 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 IRONWORKERS LABOR MANAGEMENT COMMITTEE OF CENTRAL INDIANA, INC. (LABOR MANAGEMENT COMMITTEE) WAS ORGANIZED AS AN AREA AND INDUSTRY WIDE LABOR-MANAGEMENT COOPERATION COMMITTEE FOR THE PURPOSE OF IMPROVING LABOR-MANAGEMENT RELATIONSHIPS, IMPROVING JOB SECURITY, ENHANCING ECONOMIC DEVELOPMENT AND IMPROVING COMMUNICATION WITH RESPECT TO SUBJECTS OF MUTUAL INTEREST AND CONCERN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPROVING THE BUSINESS CONDITIONS OF THE IRONWORKERS UNION CONSTRUCTION INDUSTRY IN CENTRAL INDIANA THROUGH, AMONG OTHER THINGS, ESTABLISHMENT AND MAINTENANCE OF A MARKET RECOVERY TARGET FUND, WHICH IS USED TO ASSIST UNION CONTRACTORS AND THEIR WORKERS IN MAINTAINING EMPLOYMENT. THIS ACTIVITY WAS FIRST UNDERTAKEN FOLLOWING INCORPORATION IN OCTOBER OF 2008, AND FURTHERS THE EXEMPT PURPOSE OF THE ORGANIZATION BY PROMOTING THE IRONWORKER UNION CONSTRUCTION INDUSTRY.
TO PROMOTE THE IRONWORKERS UNION CONSTRUCTION INDUSTRY AND EDUCATE THE PUBLIC REGARDING THE INDUSTRY THROUGH INFORMATIONAL AND ADVERTISEMENT CAMPAIGNS. THIS ACTIVITY WAS FIRST UNDERTAKEN IN OCTOBER 2008, FOLLOWING INCORPORATION, AND FURTHERS THE EXEMPT PURPOSE OF THE ORGANIZATION BY PROMOTING THE IRONWORKER CONSTRUCTION INDUSTRY THROUGH EDUCATION OF THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Whitaker Union Trustee | Trustee | 1 | $0 |
Cody Bates Union Trustee | Trustee | 1 | $0 |
Tim Klepper Union Trustee | Trustee | 1 | $0 |
Will Erwin Contractor Trustee | Trustee | 1 | $0 |
William Harmon Contractor Trustee | Trustee | 1 | $0 |
Scott Bullerdick Contractor Trustee | Trustee | 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 | $507,426 |
| 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 | $507,426 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $246,723 |
| 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. | $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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,500 |
| Office expenses | $718 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,837 |
| All other expenses | $0 |
| Total functional expenses | $288,778 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,087,463 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,087,463 |
| 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 | $1,087,463 |
| Total liabilities and net assets/fund balances | $1,087,463 |
Grants Awarded
Over the last fiscal year, Ironworkers Labor Management Committee Of Central Indiana Inc has awarded $246,723 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
SENCO CONSTRUCTION PURPOSE: MARKET RECOVERY | $47,723 |
BEN HUR CONSTRUCTION COMPANY PURPOSE: MARKET RECOVERY | $50,000 |
COBRA IRON WORKS INC PURPOSE: MARKET RECOVERY | $25,500 |
SOFCO ERECTORS INC PURPOSE: MARKET RECOVERY | $75,000 |
MISCO STEEL ERECTORS INC PURPOSE: MARKET RECOVERY | $23,000 |
FASTRAC SOLUTIONS INC PURPOSE: MARKET RECOVERY | $25,500 |