International Longshoremens Association
- Assets
- $11.3m
- Revenue
- $3.1m
- Investments
- $2.1m
- Employees
- 94
- Location
- Norfolk, VA
- Founding
- 02/1941
- Data as of
- 09/2023
- 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 09/2023, International Longshoremens Association employed 94 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 09/2023, International Longshoremens Association generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $2.4m during the year ending 09/2023. While expenses have increased by 2.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
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 |
|---|---|---|---|
Kenneth Gray President | Officer | 50 | $182,572 |
Samuel Davis Jr Bus Agent | Officer | 50 | $180,076 |
Christopher Faulk Sec./trea. | Officer | 50 | $176,882 |
Ronald Milbourne 1st V/p | Officer | 5 | $66,450 |
Donald Bishop Delegate Dis | Trustee | 3 | $17,341 |
Khari Boyd Recording Se | Officer | 3 | $14,946 |
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 | $3,045,315 |
| Investment income | $123,679 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$402 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,064,150 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $37,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $717,862 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $195,622 |
| Pension plan accruals and contributions | $90,635 |
| Other employee benefits | $107,125 |
| Payroll taxes | $65,114 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,073 |
| Fees for services: Accounting | $99,446 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,546 |
| Office expenses | $12,718 |
| Information technology | $4,298 |
| Royalties | $0 |
| Occupancy | $149,376 |
| Travel | $82,004 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $260,997 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,566 |
| Insurance | $5,567 |
| All other expenses | $15,438 |
| Total functional expenses | $2,405,817 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $663,442 |
| 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 | $578 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $30,270 |
| Investments—publicly traded securities | $8,448,980 |
| Investments—other securities | $2,117,217 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,260,487 |
| Accounts payable and accrued expenses | $21,998 |
| 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 | $21,998 |
| Net assets without donor restrictions | $11,218,635 |
| Net assets with donor restrictions | $19,854 |
| 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 | $11,260,487 |