International Union Of Operating Engineers Local 624
- Assets
- $2.9m
- Revenue
- $876.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Richland, MS
- Founding
- 09/1941
- Data as of
- 06/2021
- EIN
- 64-0281410
Organization Overview
International Union Of Operating Engineers Local 624 is located in Richland, MS. 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 06/2021, International Union Of Operating Engineers Local 624 employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Union Of Operating Engineers Local 624 is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2021, International Union Of Operating Engineers Local 624 generated $876.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $868.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (8.3%) per year over the past 6 years. 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
THE ORGANIZATION IS A TRADE UNION THAT REPRESENTS OPERATING ENGINEERS, WHOWORK AS HEAVY EQUIPMENT OPERATORS, MECHANICS, AND SURVEYORS IN THE CONSTRUCTION INDUSTRY, AND STATIONARY ENGINEERS, WHO WORK IN OPERATIONS AND MAINTENANCE IN BUILDING AND INDUSTRIAL COMPLEXES, AND IN THE SERVICE INDUSTRIES. IUOE IS A TRADE UNION WHO IS DEDICATED TO THE COMMON INTERESTS OF ITS MEMBERS BY ENSURING PROTECTIONS OF PREVAILING WAGES ON PUBLIC PROJECTS AND ALLEVIATING HEALTHCARE COSTS THROUGH COALITION BUILDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED NEGOTIATING SERVICES ON THE BEHALF OF MEMBERS. NEGOTIATIONS INVOLVED PAYROLL AND BENEFITS THE MEMBER'S EMPLOYER WOULD PAY ON THEIR BEHALF.
PROVIDE HEALTH AND WELFARE BENEFITS FOR MEMBERS. MEMBERS PAY DUES WHICH ARE POOLED BY THE INTERNATIONAL BODY.
PROVIDE PENSION BENEFITS FOR THE MEMBERS PAYING DUES FOR THOSE BENEFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Coby Graves Business Man | Officer | 40 | $89,150 |
Brett Daniel VP & Fin Sec | Officer | 40 | $75,415 |
William Henderson Treasurer | Officer | 40 | $75,356 |
Revel Applewhite Auditor & T | Officer | 1 | $0 |
Kris Huffman Trustee | Officer | 1 | $0 |
Talmadge Magee Auditor & T | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $63,350 |
| 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 | $63,350 |
| Total Program Service Revenue | $771,989 |
| Investment income | $33,639 |
| 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 | $876,567 |
| 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 | $52,291 |
| Compensation of current officers, directors, key employees. | $292,763 |
| Compensation of current officers, directors, key employees. | $52,842 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $99,769 |
| Other employee benefits | $6,835 |
| Payroll taxes | $29,839 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,682 |
| Fees for services: Accounting | $21,593 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $66,534 |
| Advertising and promotion | $0 |
| Office expenses | $9,143 |
| Information technology | $4,456 |
| Royalties | $0 |
| Occupancy | $4,048 |
| Travel | $8,095 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $836 |
| Interest | $3,432 |
| Payments to affiliates | $192,653 |
| Depreciation, depletion, and amortization | $31,114 |
| Insurance | $27,574 |
| All other expenses | $0 |
| Total functional expenses | $868,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $275,728 |
| Savings and temporary cash investments | $2,051,655 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $61,036 |
| 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 | $558,194 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,792 |
| Total assets | $2,949,405 |
| Accounts payable and accrued expenses | $1,033 |
| 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 | $1,033 |
| Net assets without donor restrictions | $2,948,372 |
| 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 | $2,949,405 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that International Union Of Operating Engineers Local 624 has recieved totaling $5,325.
| Awarding Organization | Amount |
|---|---|
Operating Engineers Nationalcharity Fund Washington, DC PURPOSE: COVID-19 ASSISTANCE | $5,325 |