International Longshoremens Association
- Assets
- $10.7m
- Revenue
- $3.3m
- Investments
- $1.9m
- Employees
- 71
- Location
- Norfolk, VA
- Founding
- 02/1941
- Data as of
- 09/2022
- EIN
- 54-0259110
Organization Overview
International Longshoremens Association is located in Norfolk, VA. The organization was established in 1941. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 09/2022, International Longshoremens Association employed 71 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. International Longshoremens Association is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 09/2022, International Longshoremens Association generated $3.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $1.9m during the year ending 09/2022. 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
BARGAINING AGENT FOR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BARGAINING AGENT FOR 825+ ACTIVE MEMBERS OF LOCAL. NEGOTIATES WAGES, CONDITIONS, BENEFITS AND OTHER MEMBER CONTRACT CONDITIONS.
MAINTAINS A SCHOLARSHIP FUND AND CHARITY FUND TO PROVIDE BENEFITS TO OR ON BEHALF OF 1,000+ ACTIVE AND RETIRED MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Faulk Sec./trea. | Officer | 50 | $167,064 |
Samuel Davis Jr Bus Agent | Officer | 50 | $157,634 |
Kenneth Gray President | Officer | 50 | $150,875 |
Ronald Milbourne 1st V/p | Officer | 5 | $57,061 |
Khari Boyd Recording Se | Officer | 3 | $11,239 |
Donald F Bishop Dist Council | Officer | 3 | $10,017 |
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 | $3,328,055 |
| Investment income | $46,423 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $229 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,266,621 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $43,400 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $707,801 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $1,364 |
| Other salaries and wages | $204,028 |
| Pension plan accruals and contributions | $92,082 |
| Other employee benefits | $94,521 |
| Payroll taxes | $68,634 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,750 |
| Office expenses | $22,310 |
| Information technology | $5,652 |
| Royalties | $0 |
| Occupancy | $126,134 |
| Travel | $51,901 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $48,731 |
| Interest | $2,204 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,897 |
| Insurance | $5,373 |
| All other expenses | $19,845 |
| Total functional expenses | $1,930,978 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $564,610 |
| Savings and temporary cash investments | $91,971 |
| 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 | $102,816 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $26,957 |
| Investments—publicly traded securities | $8,025,197 |
| Investments—other securities | $1,889,414 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,700,965 |
| Accounts payable and accrued expenses | $19,562 |
| 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 | $101,247 |
| Total liabilities | $120,809 |
| Net assets without donor restrictions | $10,549,324 |
| Net assets with donor restrictions | $30,832 |
| 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 | $10,700,965 |