International Longshoremens Association
- Assets
- $1.8m
- Revenue
- $689.6k
- Investments
- $0.0
- Employees
- 16
- Location
- Virginia Beach, VA
- Founding
- 05/1957
- Data as of
- 12/2021
- EIN
- 54-0460808
Organization Overview
International Longshoremens Association is located in Virginia Beach, VA. The organization was established in 1957. 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, International Longshoremens Association employed 16 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 12/2021, International Longshoremens Association generated $689.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $692.3k during the year ending 12/2021. 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
SERVICES FOR MEMBERS - UNION BARGAINING, DEATH BENEFITS, SCHOLARSHIP AWARDS, ETC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICES FOR MEMBERS - UNION BARGAINING, DEATH BENEFITS, SCHOLARSHIP AWARDS, ETC.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Halstead President | Officer | 60 | $157,353 |
Larry A Bachtell 1st Vice President | Officer | 37 | $79,919 |
Michael W Heath 2nd Vice President | OfficerTrustee | 17 | $35,490 |
Bruce L Gray Financial Secretary | Officer | 12 | $27,405 |
Irene C Heath Recording Secretary | Officer | 9 | $20,543 |
Jason Capps Trustee | Trustee | 6 | $11,408 |
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 | $681,932 |
| Investment income | $5,478 |
| 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 | $689,620 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $5,908 |
| Compensation of current officers, directors, key employees. | $387,197 |
| Compensation of current officers, directors, key employees. | $241,872 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $51,120 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $43,262 |
| Payroll taxes | $30,318 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,250 |
| Fees for services: Accounting | $8,365 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $19,849 |
| Information technology | $14,820 |
| Royalties | $0 |
| Occupancy | $34,669 |
| Travel | $7,375 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,265 |
| Interest | $12,574 |
| Payments to affiliates | $4,446 |
| Depreciation, depletion, and amortization | $5,779 |
| Insurance | $15,321 |
| All other expenses | $381 |
| Total functional expenses | $692,251 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $172,459 |
| Savings and temporary cash investments | $103,745 |
| 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 | $350,681 |
| Investments—publicly traded securities | $1,039,526 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $133,115 |
| Total assets | $1,799,526 |
| 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 | $459,394 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $408 |
| Total liabilities | $459,802 |
| Net assets without donor restrictions | $1,339,724 |
| 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 | $1,799,526 |