Local 25 Permanent Building Corp FY2020 filing

Not tax-deductible

Washington, DCMutual-benefit / member-servingHuman ServicesEIN 27-0769968Revenue $388K in FY2020

On file with the IRS901 K St Nw Ste 200, 20001-4223 · Washington, DCTax-exempt since Nov 2009

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The corporation is organized to hold title to property, whether real, personal or mixed, to collect income therefrom, and to turn over the entire amount thereof,less expenses, to a related labor organization.

Mission: Form 990 Part I, line 1

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $58K a year · 15% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
64 mo
of spending, in cash
Looks good: 64.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$388K
Spent
$164K
To programs
0%
Net assets
$5.1M
By yearFY2020–FY2024
Revenue
$388K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$388K
FY2021$387K
FY2022$387K
FY2023$404K
FY2024$417K
Expenses
$164K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$164K
FY2021$157K
FY2022$160K
FY2023$158K
FY2024$1.1M
Net assets
$5.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$5.1M
FY2021$5.3M
FY2022$4.7M
FY2023$4.9M
FY2024$4.3M

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2009.

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

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Local 25 Permanent Building Corp executive salaries →

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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 15aNo

Programs and updates

Manages property and income for a related labor union.

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1 program · in their own filed words · FY2020
01

The corporation provided office space for use by a related labor organization.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$388K
Ln 12
Fees for servicesLn 2g$387K
Investment incomeLn 3$1K
Money outPt IX
$164K
Ln 25
Owns and owesPt X
$5.1M
net assets · Ln 32
Cash and savingsLn 1–2$876K
Total assetsLn 16$5.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$387K
Investment incomeLn 3$1K
Gains on assetsLn 7$0
Total revenueLn 12$388K
Assets in detailPt X, end of year
CashLn 1$35K
SavingsLn 2$841K
Cash and savings togetherLn 1–2$876K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$4.2M
Other assetsLn 15$0
Total assetsLn 16$5.1M
LiabilitiesLn 26$0
Net assetsLn 32$5.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$749K$876K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$4.4M$4.2M
Total assetsLn 16$5.1M$5.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$5.1M$5.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$10K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$153K
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$225
All other expensesLn 24e$0
Total functional expensesLn 25$164K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $417K$1.1M−$639K$4.3M 990 PDF
FY2023 $404K$158K$246K$4.9M 990 PDF
FY2022 $387K$160K$227K$4.7M 990 PDF
FY2021 $387K$157K$230K$5.3M 990 PDF
FY2020 Viewing $388K$164K$224K$5.1M 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 O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $388,124 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $387,000$387,000
I-10 Investment incomePrior year $1,426$1,124
I-11 Other revenue$0
I-12 Total revenuePrior year $388,426$388,124
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $157,207$163,832
I-18 Total expensesPrior year $157,207$163,832
I-19 Revenue less expensesPrior year $231,219$224,292
Part VI · Governance 0 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members0
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $388,124 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $387,000$387,000
VIII-3 Investment incomeRelated to mission $1,124$1,124
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $388,124$388,124
Part IX · Statement of functional expenses $163,832 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$10,120
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$153,487
IX-23 Insurance$0
IX-24 Other expenses (24a–d)$225
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$163,832
Part X · Balance sheet $5,115,609 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $5,231$35,135
X-2 Savings and temporary cash investmentsStart of year $743,478$841,353
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $4,391,165$4,239,121
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $5,139,874$5,115,609
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $5,139,874$5,115,609
X-32 Total net assets or fund balancesStart of year $5,139,874$5,115,609
X-33 Total liabilities and net assetsStart of year $5,139,874$5,115,609
Part XI · Reconciliation of net assets $5,115,609 net assets at year end
XI-1 Total revenue$388,124
XI-2 Total expenses$163,832
XI-3 Revenue less expenses$224,292
XI-4 Net assets at start of year$5,139,874
XI-9 Other changes in net assets−$248,557
XI-10 Net assets at end of year$5,115,609

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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