Bridge Structural And Ornamental Iron Workers Local-8
- Assets
- $9.5m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 14
- Location
- Milwaukee, WI
- Founding
- 11/1944
- Data as of
- 06/2023
- EIN
- 39-0182085
Organization Overview
Bridge Structural And Ornamental Iron Workers Local-8 is located in Milwaukee, WI. 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 06/2023, Bridge Structural And Ornamental Iron Workers Local-8 employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridge Structural And Ornamental Iron Workers Local-8 is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2023, Bridge Structural And Ornamental Iron Workers Local-8 generated $3.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $3.4m during the year ending 06/2023. While expenses have increased by 4.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE INTERESTS OF ITS MEMBERSHIP AND ORGANIZING WORKERS TO JOIN THE UNION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ASSIST WORKERS UNDER ITS JURISDICTION FOR THE PURPOSE OF IMPROVING WAGES, HOURS AND WORKING CONDITIONS. PROGRAM EXPENSES ARE NOT APPLICABLE AS THIS IS A LABOR UNION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Rauch President | OfficerTrustee | 2 | $3,262 |
Charlie Falkner From 121 Treasurer/business Manager | OfficerTrustee | 45 | $6,930 |
Juan Alvarez Examining Board/recording Secretary | OfficerTrustee | 1 | $1,645 |
Timothy Brawn Conductor | OfficerTrustee | 1 | $1,216 |
Lester Hancock Executive Board | OfficerTrustee | 2 | $0 |
Richard Hanson Executive Board | OfficerTrustee | 2 | $1,920 |
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 | $50,382 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,382 |
| Total Program Service Revenue | $3,284,853 |
| Investment income | $214,854 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $27,600 |
| Net Gain/Loss on Asset Sales | -$4,867 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $34,984 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,749,550 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $863,565 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $397,901 |
| Pension plan accruals and contributions | $246,090 |
| Other employee benefits | $110,087 |
| Payroll taxes | $66,904 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,730 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36,047 |
| Fees for services: Other | $35,040 |
| Advertising and promotion | $148,649 |
| Office expenses | $108,726 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,010 |
| Travel | $53,949 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $68,817 |
| Interest | $0 |
| Payments to affiliates | $837,364 |
| Depreciation, depletion, and amortization | $68,464 |
| Insurance | $30,331 |
| All other expenses | $25,712 |
| Total functional expenses | $3,447,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,814 |
| Savings and temporary cash investments | $1,476,462 |
| 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 | $47,941 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $394,726 |
| Investments—publicly traded securities | $7,473,094 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,501,037 |
| Accounts payable and accrued expenses | $24,190 |
| 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 | $24,190 |
| Net assets without donor restrictions | $9,476,847 |
| 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 | $9,501,037 |