United Association Of Journeymen &, operating under the name Gas Workers Local 340, is located in Minneapolis, MN. The organization was established in 1945. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2022, Gas Workers Local 340 employed 26 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Gas Workers Local 340 is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2022, Gas Workers Local 340 generated $523.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $466.8k during the year ending 12/2022. While expenses have increased by 1.2% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
GIVE REPRESENTATION TO HOLD MEETINGS
Describe the Organization's Program Activity:
Part 3 - Line 4a
GIVE REPRESENTATION TO HOLD MEETINGS
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roberto Bassat President | OfficerTrustee | 25 | $14,724 |
Josh Cleveland Vice President | OfficerTrustee | 20 | $12,884 |
James Higgins Recording Secretary | OfficerTrustee | 10 | $11,043 |
Ryan J Flueger Treasurer | OfficerTrustee | 10 | $11,043 |
Vernon J Levine Financial Secretary | OfficerTrustee | 10 | $11,043 |
Mike Sicard Trustee | Trustee | 0 | $5,726 |
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $522,945 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $35 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $522,980 |
| Total Program Service Revenue | $0 |
| Investment income | $195 |
| 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 | $523,175 |
| 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. | $76,841 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $132,655 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,738 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,500 |
| Fees for services: Accounting | $2,131 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,401 |
| Office expenses | $15,623 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,913 |
| Travel | $24,392 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,484 |
| Interest | $0 |
| Payments to affiliates | $111,431 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,562 |
| All other expenses | $11,115 |
| Total functional expenses | $466,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,960 |
| Savings and temporary cash investments | $480,280 |
| 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 | $1,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $484,240 |
| 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 | $1,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $483,240 |
| Total liabilities and net assets/fund balances | $484,240 |