International Assn Of Bridge Struc & Ornamental Iron Workers 498
- Assets
- $1.4m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 9
- Location
- Rockford, IL
- Founding
- 02/1944
- Data as of
- 06/2021
- EIN
- 36-1263956
Organization Overview
International Assn Of Bridge Struc & Ornamental Iron Workers 498 is located in Rockford, IL. The organization was established in 1944. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 06/2021, International Assn Of Bridge Struc & Ornamental Iron Workers 498 employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Assn Of Bridge Struc & Ornamental Iron Workers 498 is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2021, International Assn Of Bridge Struc & Ornamental Iron Workers 498 generated $1.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $1.1m during the year ending 06/2021. While expenses have increased by 7.5% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ORGANIZE MEMBERS FOR THEIR ECONOMIC, MORAL, AND SOCIAL ADVANCEMENT FOR THE 304 MEMBERS ASSOCIATED WITH THE UNION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ORGANIZE MEMBERS FOR THEIR ECONOMIC, MORAL, AND SOCIAL ADVANCEMENT FOR 297 MEMBERS ASSOCIATED WITH THE UNION.
TO ORGANIZE MEMBERS FOR THEIR ECONOMIC, MORAL, AND SOCIAL ADVANCEMENTFOR 297 MEMBERS ASSOCIATED WITH THE UNION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Richeson Bus Mgr/fin Sec/treas | Officer | 40 | $122,983 |
Keith Gahl Rec Sec | Officer | 3 | $90,110 |
Mark Whitford Exec Brd/conductor/sgt At Arms | Officer | 3 | $2,451 |
Paul Kauffman President | Officer | 3 | $0 |
Chris Conklin Former Conductor/sgt At Arms | Officer | 3 | $0 |
Nick Helm Exec Brd | Officer | 3 | $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 | $882,372 |
| Investment income | $66 |
| 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 | $1,028,748 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,473 |
| 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. | $488,029 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $85,987 |
| Pension plan accruals and contributions | $43,051 |
| Other employee benefits | $37,985 |
| Payroll taxes | $26,154 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,103 |
| Fees for services: Accounting | $17,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,897 |
| Office expenses | $53,292 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,860 |
| Travel | $16,779 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,526 |
| Interest | $0 |
| Payments to affiliates | $123,321 |
| Depreciation, depletion, and amortization | $47,403 |
| Insurance | $16,629 |
| All other expenses | $0 |
| Total functional expenses | $1,108,292 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $550,635 |
| 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 | $604,200 |
| Investments—publicly traded securities | $245,611 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,400,446 |
| 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 | $152,460 |
| Total liabilities | $152,460 |
| Net assets without donor restrictions | $1,247,986 |
| 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 | $1,400,446 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Federation Of State County & Municipal Employees Springfield, IL | $61,133,676 | $26,100,915 |
Laborers International Union Of North America Burr Ridge, IL | $65,530,613 | $20,238,151 |
Chicago Regional Council Of Carpenters Apprentice And Trainee Elk Grove Village, IL | $58,144,102 | $15,674,310 |
Indiana State Teachers Association Indianapolis, IN | $36,026,795 | $22,473,562 |
Chicago Journeymen Plumbers Local 130 Chicago, IL | $20,981,689 | $17,441,460 |
United Food And Commercial Workers International Union Des Plaines, IL | $30,640,392 | $15,439,141 |
Laborers International Union Of North America Chicago, IL | $42,312,837 | $17,661,518 |
National Pork Producers Council Des Moines, IA | $42,247,883 | $19,050,439 |
International Union Of Operating Engineers 139 Pewaukee, WI | $24,439,793 | $14,629,454 |
Service Employees International Union Chicago, IL | $8,645,665 | $14,966,009 |
Chicago & Vicinity Laborers Carol Stream, IL | $83,711,023 | $20,877,636 |
Boilermakers National Apprentice Ship Fund Kansas City, MO | $53,012,610 | $16,312,331 |