Retail Wholesale & Department Store Union
- Assets
- $8.6m
- Revenue
- $4.1m
- Investments
- $235.7k
- Employees
- 11
- Location
- Birmingham, AL
- Founding
- 08/1943
- Data as of
- 12/2023
- EIN
- 63-0377433
Organization Overview
Retail Wholesale & Department Store Union is located in Birmingham, AL. The organization was established in 1943. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2023, Retail Wholesale & Department Store Union employed 11 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Retail Wholesale & Department Store Union is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2023, Retail Wholesale & Department Store Union generated $4.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $3.6m during the year ending 12/2023. While expenses have increased by 2.3% per year over the past 9 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
ADVANCEMENT AND SAFEGUARDING THE ECONOMIC AND SOCIAL WELFARE OF THE COUNCIL'S MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVANCEMENT AND SAFEGUARDING THE ECONOMIC AND SOCIAL WELFARE OF THE COUNCIL'S MEMBERS - MEMBERS SERVED - 4,700.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randall L Hadley President | OfficerTrustee | 40 | $240,064 |
Allen Gregory Sec/treasure | OfficerTrustee | 40 | $167,729 |
Curtis Gray Vice Preside | OfficerTrustee | 40 | $122,011 |
Marisol Urena-Gonzales Vice Preside | OfficerTrustee | 40 | $101,539 |
Bruce Fatherly Vice Preside | OfficerTrustee | 2 | $0 |
Latunya Love Recorder | OfficerTrustee | 2 | $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 | $500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $500 |
| Total Program Service Revenue | $3,493,937 |
| Investment income | $318,631 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,088 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,117,152 |
| 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. | $791,884 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $574,562 |
| Pension plan accruals and contributions | $113,318 |
| Other employee benefits | $165,104 |
| Payroll taxes | $84,696 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $59,193 |
| Fees for services: Accounting | $15,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $48,428 |
| Fees for services: Other | $9,047 |
| Advertising and promotion | $22,334 |
| Office expenses | $76,226 |
| Information technology | $3,805 |
| Royalties | $0 |
| Occupancy | $2,400 |
| Travel | $37,305 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $227,539 |
| Interest | $0 |
| Payments to affiliates | $1,004,867 |
| Depreciation, depletion, and amortization | $78,872 |
| Insurance | $23,538 |
| All other expenses | $10,150 |
| Total functional expenses | $3,628,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,008,426 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $246,606 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $20,690 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $322,226 |
| Investments—publicly traded securities | $6,606,739 |
| Investments—other securities | $235,714 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $199,622 |
| Total assets | $8,640,023 |
| Accounts payable and accrued expenses | $39,187 |
| 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 | $39,187 |
| Net assets without donor restrictions | $8,265,771 |
| Net assets with donor restrictions | $335,065 |
| 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 | $8,640,023 |