United Steelworkers

Organization Overview

United Steelworkers, operating under the name Local Union 507, is located in Canton, NC. The organization was established in 1940. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2022, Local Union 507 employed 29 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Local Union 507 is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.

For the year ending 12/2022, Local Union 507 generated $270.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $378.4k during the year ending 12/2022. While expenses have increased by 6.9% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

LOCAL UNION ENFORCED THE COLLECTIVE BARGAINING AGREEMENT TO BETTER THE WORKING CONDITIONS OF THE LOCAL UNION AND PROVIDE REPRESENTATION TO ITS MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE LOCAL UNION CONTINUES IN AN ONGOING EFFORT TO DEFEND AND ENFORCE THE NEGOTIATED COLLECTIVE BARGAINING AGREEMENT FOR OUR MEMBERS WAGES, BENEFITS AND WORKING CONDITIONS. THE MEMBERS DUES, RELATED INCOME AND EXPENSES ARE USED TO CARRY OUT THESE ACTIVITIES. THE LOCAL UNION IS CONTINUALLY STRIVING TO MAINTAIN OR ACCOMPLISH IMPROVEMENTS FOR OUR MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
Ricky Lunsford
Vice President
$24,226
Anthony Rickman
Treasurer
$10,189
Gregory Lawrence
VP Paper Board
$8,122
Robert Depietto
Dept VP
$7,736
Brandon Ferguson
Dept VP
$7,451
April Huffman
Rec Sec
$7,292

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$263,881
Investment income $1,334
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 $270,074

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