Ironworkers Union Local #7 FY2022 filing

Not tax-deductible

South Boston, MA501(c)(5)Since 1896Mutual / membership EIN 04-1473615Revenue $15.7M in FY2022

On file with the IRS195 Old Colony Ave, 02127-2409 · South Boston, MATax-exempt since Nov 1944

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To provide labor Union activities

501(c)(5) labor or agricultural organization; gifts are not tax-deductible as charitable contributions.
$1.8M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(5)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $2.9M a year · 19% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$1.8M
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
17 mo
of spending, in cash
Looks good: 16.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$889K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
27
of 27 voting members
Looks good: 27 of 27 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$15.7M
+0.8% vs prior year
Spent
$13.4M
Net assets
$21.3M
By yearFY2021–FY2025
Revenue
$15.7M
FY2022▲ +0.8%
Tap a bar for its year
Revenue by fiscal year
FY2021$15.5M
FY2022$15.7M
FY2023$17.3M
FY2024$15.0M
FY2025$14.0M
Expenses
$13.4M
FY2022▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2021$12.6M
FY2022$13.4M
FY2023$12.6M
FY2024$12.0M
FY2025$12.5M
Net assets
$21.3M
FY2022▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2021$19.4M
FY2022$21.3M
FY2023$26.1M
FY2024$29.3M
FY2025$31.1M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1944.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

28 people listed on the 990; $1.8M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Business Manager
$179,301Pt VII · Sec A
Business Agent
$162,428Pt VII · Sec A
Business Agent
$162,401Pt VII · Sec A
Financial Secretary Treasu
$162,228Pt VII · Sec A
Business Agent
$162,043Pt VII · Sec A
Business Agent
$162,028Pt VII · Sec A
Business Agent
$161,715Pt VII · Sec A
Business Agent
$129,201Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Vincent Coyle JR$199,770$192,083$166,926$162,428$157,399
Kevin Collins$181,709$173,971$164,942$162,043$157,297
Paul Repucci$181,278$16,728———
Walter Belmonte JR$181,104$173,820$163,917$162,401$157,500
Christopher Beaton$180,643$170,306$4,442$5,696$2,273
Thomas Pecoraro$180,620$173,817$35,346$15,635—
Daniel McWilliams$180,378$177,064$170,385$101,236$629
Michael Hess——$176,323$179,301$172,663

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Ironworkers Union Local #7 is a member-serving organization based in South Boston, MA, formed in 1896.

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Provided by the organization

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1 program · in their own filed words · FY2021
01

Labor union activities

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$15.7M
Ln 12
Fees for servicesLn 2g$14.9M
Other incomeLn 4–11$604K
Investment incomeLn 3$132K
Money outPt IX
$13.4M
Ln 25
Owns and owesPt X
$21.3M
net assets · Ln 32
Cash and savingsLn 1–2$18.5M
Total assetsLn 16$22.2M
LiabilitiesLn 26$889K
PeoplePt VI, VII
28
listed · VII A
PaidVII A28
Voting boardVI 1a27
IndependentVI 1b27
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$14.9M
Investment incomeLn 3$132K
Other incomeLn 4–11$604K
Total revenueLn 12$15.7M
Assets in detailPt X, end of year
CashLn 1$2.0M
SavingsLn 2$16.5M
Cash and savings togetherLn 1–2$18.5M
InvestmentsLn 11–13$2.5M
Land, buildings, equipmentLn 10c$111K
Total assetsLn 16$22.2M
LiabilitiesLn 26$889K
Net assetsLn 32$21.3M
OperationsPt I, VI
EmployeesI 540
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$16.8M$18.5M
InvestmentsLn 11–13$2.8M$2.5M
Land, buildings, equipmentLn 10c$137K$111K
Total assetsLn 16$20.6M$22.2M
LiabilitiesLn 26$1.2M$889K
Net assetsLn 32$19.4M$21.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$177K
Pay of current officers, directors and key staffLn 5$1.8M
Other salaries and wagesLn 7$149K
Pension plan contributionsLn 8$763K
Other employee benefitsLn 9$643K
Payroll taxesLn 10$176K
Legal feesLn 11b$31K
Accounting feesLn 11c$48K
Lobbying feesLn 11d$80K
Investment management feesLn 11f$11K
Advertising and promotionLn 12$202K
Office expensesLn 13$324K
Information technologyLn 14$4K
OccupancyLn 16$92K
Conferences, conventions and meetingsLn 19$75K
Depreciation, depletion and amortizationLn 22$26K
InsuranceLn 23$329K
Other expenses (24a–d)Ln 24$8.0M
All other expensesLn 24e$410K
Total functional expensesLn 25$13.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $14.0M$12.5M$1.5M$31.1M 990 PDF
FY2024 $15.0M$12.0M$3.0M$29.3M 990 PDF
FY2023 $17.3M$12.6M$4.7M$26.1M 990 PDF
FY2022 Viewing $15.7M$13.4M$2.3M$21.3M 990 PDF
FY2021 $15.5M$12.6M$2.9M$19.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $15,665,064 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $15,419,423$14,929,550
I-10 Investment incomePrior year $116,867$131,974
I-11 Other revenuePrior year $0$603,540
I-12 Total revenuePrior year $15,536,290$15,665,064
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $88,911$177,395
I-15 Salaries and benefitsPrior year $3,386,928$3,567,069
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $9,162,793$9,651,526
I-18 Total expensesPrior year $12,638,632$13,395,990
I-19 Revenue less expensesPrior year $2,897,658$2,269,074
Part VI · Governance 27 of 27 board members independent, 3 to look at
VI-1a Voting members of the governing body27
VI-1b Independent voting members27
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $15,665,064 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $14,929,550$14,929,550
VIII-3 Investment incomeExcluded from tax $131,974$131,974
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $603,540$603,540
VIII-12 Total revenueRelated to mission $15,533,090 · Unrelated business $0 · Excluded from tax $131,974$15,665,064
Part IX · Statement of functional expenses $13,395,990 across 19 lines filed
IX-4 Benefits paid to or for members$177,395
IX-5 Pay of current officers, directors and key staff$1,835,796
IX-7 Other salaries and wages$149,355
IX-8 Pension plan contributions$762,919
IX-9 Other employee benefits$643,212
IX-10 Payroll taxes$175,787
IX-11b Legal fees$31,210
IX-11c Accounting fees$48,080
IX-11d Lobbying fees$80,000
IX-11f Investment management fees$10,839
IX-12 Advertising and promotion$202,315
IX-13 Office expenses$324,300
IX-14 Information technology$4,443
IX-16 Occupancy$92,424
IX-19 Conferences, conventions and meetings$74,731
IX-22 Depreciation, depletion and amortization$25,708
IX-23 Insurance$329,309
IX-24 Other expenses (24a–d)$8,018,296
IX-24e All other expenses$409,871
IX-25 Total functional expenses$13,395,990
Part X · Balance sheet $22,159,108 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $1,081,434$1,952,112
X-2 Savings and temporary cash investmentsStart of year $15,686,138$16,539,041
X-4 Accounts receivableStart of year $752,257$955,326
X-9 Prepaid expenses and deferred chargesStart of year $173,399$115,317
X-10c Land, buildings and equipment, netStart of year $136,607$110,900
X-11 Publicly traded securitiesStart of year $2,751,155$2,486,412
X-16 Total assetsStart of year $20,580,990$22,159,108
X-17 Accounts payable and accrued expensesStart of year $1,222,756$889,006
X-26 Total liabilitiesStart of year $1,222,756$889,006
X-32 Total net assets or fund balancesStart of year $19,358,234$21,270,102
X-33 Total liabilities and net assetsStart of year $20,580,990$22,159,108
Part XI · Reconciliation of net assets $21,270,102 net assets at year end
XI-1 Total revenue$15,665,064
XI-2 Total expenses$13,395,990
XI-3 Revenue less expenses$2,269,074
XI-4 Net assets at start of year$19,358,234
XI-5 Net unrealized gains (losses) on investments−$357,206
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$21,270,102

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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