Iron Workers Industry Advancement Fund Of Baltimore Md
- Assets
- $0.0
- Revenue
- $103.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Lutherville, MD
- Founding
- 11/1979
- Data as of
- 03/2021
- EIN
- 52-1127066
Organization Overview
Iron Workers Industry Advancement Fund Of Baltimore Md is located in Lutherville, MD. The organization was established in 1979. According to its NTEE Classification (J01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Employment and related organizations. Iron Workers Industry Advancement Fund Of Baltimore MD is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 03/2021, Iron Workers Industry Advancement Fund Of Baltimore MD generated $103.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $15.9k during the year ending 03/2021. 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
PROMOTION AND ADVANCEMENT OF THE IRON WORKERS INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FOSTER AND PROVIDE FOR THE SAFETY, EDUCATION AND TRAINING OF PERSONNEL ENGAGED IN THE IRON WORKER INDUSTRY, I.E. SUPPORT OF UNION SPONSORED APPRENTICESHIP, SAFETY, TRAINING PROGRAMS AND OTHER EDUCATIONAL PROGRAMS.THIS IS DONE BY GIVING MONETARY ASSISTANCE TO THE JOINT APPRENTICESHIP TRAINING COMMITTEE (JATC), OPERATED BY IRONWORKERS LOCAL UNION 5.
TO ADVOCATE FOR THE IRON WORKERS WHO WERE UNION MEMBERS OF BALTIMORE IRON WORKERS LOCAL #16(BALTIMORE, MD)AND MONITOR AND ASSIST WITH THE MERGING OF THEIR VARIOUS BENEFIT FUNDS WITH THE IRON WORKERS LOCAL #5 (DISTRICT OF COLUMBIA). THE FUNDS INVOLVED ARE: PENSION FUND, ANNUITY FUND, HEALTH AND WELFARE FUND, VACATION FUND, INDUSTRY ADVANCEMENT FUND.
TO FOSTER AND PROVIDE FOR THE SAFETY, EDUCATION AND TRAINING OF PERSONNEL ENGAGED IN THE IRON WORKER INDUSTRY, I.E. SUPPORT OF UNION SPONSORED APPRENTICESHIP, SAFETY, TRAINING PROGRAMS AND OTHER EDUCATIONAL PROGRAMS.THIS IS DONE BY GIVING MONETARY ASSISTANCE TO THE JOINT APPRENTICESHIP TRAINING COMMITTEE (JATC), OPERATED BY IRONWORKERS LOCAL UNION 5.
TO ADVOCATE FOR THE IRON WORKERS WHO WERE UNION MEMBERS OF BALTIMORE IRON WORKERS LOCAL #16(BALTIMORE, MD)AND MONITOR AND ASSIST WITH THE MERGING OF THEIR VARIOUS BENEFIT FUNDS WITH THE IRON WORKERS LOCAL #5 (DISTRICT OF COLUMBIA). THE FUNDS INVOLVED ARE: PENSION FUND, ANNUITY FUND, HEALTH AND WELFARE FUND, VACATION FUND, INDUSTRY ADVANCEMENT FUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald F Mantegna Trustee | Trustee | 1 | $6,000 |
James Ayersman Trustee | Trustee | 1 | $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 | $0 |
| Investment income | $1,533 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $101,533 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $103,066 |
| 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. | $6,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $42 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,089 |
| Fees for services: Accounting | $5,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,317 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $222 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $15,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 | $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 | $0 |
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