International Association Of Machinists & Aerospace Workers
- Assets
- $24.6m
- Revenue
- $12.4m
- Investments
- $0.0
- Employees
- 73
- Location
- Elk Grove Village, IL
- Founding
- Data as of
- 12/2023
- EIN
- 94-1116539
Organization Overview
International Association Of Machinists & Aerospace Workers, operating under the name IAMAW District Lodge 141, is located in Elk Grove Village, IL. As of 12/2023, IAMAW District Lodge 141 employed 73 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. IAMAW District Lodge 141 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, IAMAW District Lodge 141 generated $12.4m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $10.8m during the year ending 12/2023. While expenses have increased by 7.7% per year over the past 4 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
IMPROVEMENT OF WAGES, HOURS, BENEFITS AND WORK CONDITIONS OF OUR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPROVEMENT OF WAGES, HOURS, BENEFITS AND WORKING CONDITIONS FOR OUR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Klemm Pdgc | Officer | 40 | $196,252 |
Alexander Gerulis St | Officer | 40 | $186,194 |
Patrick J Rezler Agc | Officer | 40 | $179,294 |
Joseph Bartz Agc | Officer | 40 | $178,411 |
Mark Baskett Agc | Officer | 40 | $178,411 |
Mitch Buckley Agc | Officer | 40 | $178,411 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $10,759,908 |
| 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 | $10,759,908 |
| Total Program Service Revenue | $0 |
| Investment income | $203,550 |
| 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 | $12,423,169 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,400 |
| Grants and other assistance to domestic individuals. | $8,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,746,125 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,349,952 |
| Pension plan accruals and contributions | $91,425 |
| Other employee benefits | $568,611 |
| Payroll taxes | $454,334 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $58,732 |
| Fees for services: Accounting | $37,585 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $351,261 |
| Advertising and promotion | $94,093 |
| Office expenses | $93,098 |
| Information technology | $80,641 |
| Royalties | $0 |
| Occupancy | $284,722 |
| Travel | $250,453 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $764,660 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $144,436 |
| Insurance | $94,112 |
| All other expenses | $0 |
| Total functional expenses | $10,828,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,050,225 |
| Savings and temporary cash investments | $7,530,786 |
| 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 | $2,035,519 |
| Investments—publicly traded securities | $1,988,654 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,605,184 |
| 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 | $7,898,376 |
| Total liabilities | $7,898,376 |
| Net assets without donor restrictions | $0 |
| 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 | $16,706,808 |
| Total liabilities and net assets/fund balances | $24,605,184 |