Plumbers & Pipefitters Local 562
- Assets
- $54.5m
- Revenue
- $16.6m
- Investments
- $0.0
- Employees
- 79
- Location
- Earth City, MO
- Founding
- 12/1944
- Data as of
- 12/2021
- EIN
- 43-0560620
Organization Overview
Plumbers & Pipefitters Local 562 is located in Earth City, MO. 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 12/2021, Plumbers & Pipefitters Local 562 employed 79 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Plumbers & Pipefitters Local 562 is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2021, Plumbers & Pipefitters Local 562 generated $16.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $11.8m during the year ending 12/2021. While expenses have increased by 5.8% per year over the past 7 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, Plumbers & Pipefitters Local 562 has awarded 15 individual grants totaling $1,728,955. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ACHIEVE BY ORGANIZATION THE IMPROVEMENT OF THE SOCIAL AND ECONOMIC CONDITIONS OF EMPLOYEES IDENTIFIED WITH THE PLUMBERS AND PIPEFITTERS INDUSTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOTAL EXPENSES AS SHOWN IN COLUMN A OF PART IX OF FORM 990 WERE INCURRED IN ADMINISTRATION OF THE NECESSARY AND USUAL ACTIVITIES OF A LABOR UNION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John J O'mara Business Manager/secretary | Officer | 75 | $181,867 |
Brian J Nichols President/assistant Busine | Officer | 65 | $160,157 |
Christopher Brian Chumley Business Agent | Officer | 65 | $158,251 |
Richard M Kellett Executive Board/business A | OfficerTrustee | 55 | $136,966 |
Michael J O'connell III Vice President/business Ag | OfficerTrustee | 55 | $136,355 |
Scott E Ramshaw Government Relations & Bus | Officer | 55 | $135,990 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,165,735 |
| 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 | $11,165,735 |
| Total Program Service Revenue | $0 |
| Investment income | $626,132 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,134,821 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,649,601 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $109,156 |
| Grants and other assistance to domestic individuals. | $42,351 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,589,518 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $452,971 |
| Pension plan accruals and contributions | $3,136,242 |
| Other employee benefits | $0 |
| Payroll taxes | $199,650 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $95,979 |
| Fees for services: Accounting | $57,995 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $48,660 |
| Fees for services: Other | $0 |
| Advertising and promotion | $146,614 |
| Office expenses | $148,520 |
| Information technology | $124,232 |
| Royalties | $0 |
| Occupancy | $412,583 |
| Travel | $557,906 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $280,279 |
| Interest | $17,541 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $113,832 |
| Insurance | $186,868 |
| All other expenses | $338,381 |
| Total functional expenses | $11,813,977 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,013,377 |
| 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 | $716,581 |
| Investments—publicly traded securities | $42,736,160 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $54,466,118 |
| Accounts payable and accrued expenses | $33,668 |
| 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 | $33,668 |
| Net assets without donor restrictions | $54,432,450 |
| 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 | $54,466,118 |
Grants Awarded
Over the last fiscal year, Plumbers & Pipefitters Local 562 has awarded $91,370 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
PLUMBERS & PIPEFITTERS LOCAL UNION 562 POLITICAL EDUCATION FUND PURPOSE: GENERAL SUPPORT | $60,000 |
Brush Prairie, WA PURPOSE: GENERAL SUPPORT | $11,370 |
WELCOME HOME PURPOSE: GENERAL SUPPORT | $10,000 |
St Louis, MO PURPOSE: GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Brotherhood Of Carpenters & Joiners Of America Chicago, IL | $110,214,946 | $45,299,424 |
International Union Of Operating Engineers 150 Countryside, IL | $120,458,084 | $50,201,834 |
American Angus Association St Joseph, MO | $50,847,076 | $46,663,578 |
International Brotherhood Of Boilermakers Iron Ship Builders Kansas City, KS | $76,307,712 | $54,566,227 |
Chicago Federation Teachers Union Chicago, IL | $16,308,443 | $32,429,863 |
Service Employees International Union Local 1 Chicago, IL | $12,557,999 | $30,120,260 |
The Gulf Coast Carpenters And Millwright Health Trust Goodlettsville, TN | $68,909,377 | $33,780,534 |
Pipe Fitters Training Fund Mokena, IL | $67,804,506 | $30,663,437 |
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Chicago, IL | $44,527,924 | $24,662,061 |
American Federation Of Teachers Westmont, IL | $27,833,532 | $25,589,628 |
International Brotherhood Of Electrical Workers Chicago, IL | $61,202,131 | $32,517,419 |
Great Plains Manufacturing Inc Employee Benefit Association Trust Salina, KS | $0 | $21,745,310 |