International Association Of Sheet Metal Air Rail & Transportation
- Assets
- $11.1m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 47
- Location
- Dayton, OH
- Founding
- 02/2015
- Data as of
- 12/2023
- EIN
- 31-1222567
Organization Overview
International Association Of Sheet Metal Air Rail & Transportation, operating under the name Association Local 24, is located in Dayton, OH. The organization was established in 2015. 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, Association Local 24 employed 47 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Association Local 24 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, Association Local 24 generated $5.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $5.1m during the year ending 12/2023. While expenses have increased by 4.1% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CONDUCT COLLECTIVE BARGAINING AND PROMOTE EMPLOYMENT OPPORTUNITIES FOR MEMBERS OF LOCAL UNION NO. 24.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO CONDUCT COLLECTIVE BARGAINING AND PROMOTE EMPLOYMENT OPPORTUNITIES FOR MEMBERS OF LOCAL UNION NO. 24.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rodney A French Financial Se | Trustee | 45 | $101,385 |
Josh Williams Business Age | Trustee | 40 | $88,005 |
Jeffrey Hunley Business Age | Trustee | 40 | $87,645 |
Jeffrey Rowe Business Age | Trustee | 40 | $86,615 |
Jeffrey M Mueller Business Age | Trustee | 40 | $84,154 |
Dean Lacey Business Age | Trustee | 40 | $78,278 |
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 | $5,341,002 |
| Investment income | $79,542 |
| 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 | $5,513,185 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,850 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $1,036,751 |
| Compensation of current officers, directors, key employees. | $1,217,505 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $346,512 |
| Other salaries and wages | $291,704 |
| Pension plan accruals and contributions | $235,343 |
| Other employee benefits | $72,493 |
| Payroll taxes | $98,988 |
| Fees for services: Management | $18,420 |
| Fees for services: Legal | $27,841 |
| Fees for services: Accounting | $34,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $130,430 |
| Advertising and promotion | $234,547 |
| Office expenses | $41,495 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $73,939 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $57,950 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $67,558 |
| Insurance | $12,612 |
| All other expenses | $101,891 |
| Total functional expenses | $5,148,729 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,041,270 |
| Savings and temporary cash investments | $5,380,260 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $173,916 |
| 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 | $178,373 |
| Investments—publicly traded securities | $2,360,510 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,134,329 |
| 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 | $21,691 |
| Total liabilities | $21,691 |
| Net assets without donor restrictions | $11,112,638 |
| 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 | $11,134,329 |