International Union Of Operating Engineers Local 406 Hoisting & Por
- Assets
- $6.0m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 18
- Location
- Metairie, LA
- Founding
- 05/1956
- Data as of
- 12/2022
- EIN
- 72-0220017
Organization Overview
International Union Of Operating Engineers Local 406 Hoisting & Por is located in Metairie, LA. The organization was established in 1956. 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, International Union Of Operating Engineers Local 406 Hoisting & Por employed 18 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 406 Hoisting & Por 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, International Union Of Operating Engineers Local 406 Hoisting & Por generated $3.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $2.8m during the year ending 12/2022. While expenses have increased by 3.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ELEVATE THE TRADE OF OPERATING ENGINEERS WITHIN THE CONTRUCTION INDUSTRY. TO BARGAIN, THROUGH NEGOTIATION, FOR A FAIR WAGE AND FRINGE BENEFITS FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
I.U.O.E. LOCAL 406 HAS ASSISTED ITS MEMBERS IN ACHIEVING A HIGHER STANDARD OF LIVING BY NEGOTIATING FOR FAIR WAGES AND FRINGE BENEFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald J Billings President / Business Manager | OfficerTrustee | 40 | $141,844 |
Carlos Beonit Treasurer / Business Agent | OfficerTrustee | 40 | $130,871 |
David Hyatt Vice-President / Business Agent | OfficerTrustee | 40 | $88,137 |
John Babin Trustee / Business Agent | Trustee | 40 | $108,983 |
Miguel Perrault Trustee / Business Agent | Trustee | 40 | $84,989 |
William Young Trustee / Business Agent | Trustee | 40 | $92,769 |
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 | $2,675,906 |
| Investment income | $186,886 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $69,974 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$12,133 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,118,409 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,150 |
| Grants and other assistance to domestic individuals. | $2,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $43,450 |
| Compensation of current officers, directors, key employees. | $779,485 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $423,847 |
| Pension plan accruals and contributions | $305,020 |
| Other employee benefits | $180,153 |
| Payroll taxes | $94,855 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $46,534 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,533 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,903 |
| Office expenses | $92,644 |
| Information technology | $46,978 |
| Royalties | $0 |
| Occupancy | $88,343 |
| Travel | $18,384 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,034 |
| Interest | $0 |
| Payments to affiliates | $305,080 |
| Depreciation, depletion, and amortization | $46,038 |
| Insurance | $154,821 |
| All other expenses | $42 |
| Total functional expenses | $2,785,533 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $800 |
| Savings and temporary cash investments | $1,719,020 |
| 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 | $15,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $490,647 |
| Investments—publicly traded securities | $3,658,276 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $97,204 |
| Total assets | $5,980,947 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,349 |
| Total liabilities | $1,349 |
| Net assets without donor restrictions | $5,882,805 |
| Net assets with donor restrictions | $96,793 |
| 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 | $5,980,947 |