Iron Workers Industry FY2020 filing

Lutherville, MDUnknown exempt organization EIN 52-1127066Revenue $20K in FY2020

On file with the IRS1400 Front Ave Ste 201 · Lutherville, MD

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Promotion and advancement of the iron workers industry

82¢ of each $1 spent went to programs.
$32K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $29K a year · 47% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$32K
to officers and key staff · 63% of spending
Concern: pay to officers and key staff is 63% of spending; over 30%.
Pt VII · Sec A
2 mo
of spending, in cash
Plus $216K in investments, Pt X · Ln 11–13
Fine: 2.4 months of spending in cash; 1 to 3.
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
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$20K
Spent
$50K
To programs
82%
Net assets
$226K
By yearFY2020–FY2021
Revenue
$20K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$20K
FY2021$103K
Expenses
$50K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$50K
FY2021$16K
Net assets
$226K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$226K
FY2021$0

From the FY2020 Form 990 (year ending March 2020) · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $41K Management & general 18% · $9K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

2 people listed on the 990; $32K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$31,500Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2021FY2020
Ronald F Mantegna$6,000$31,500

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 15aNo

Programs and updates

Promotes and advances the iron workers industry.

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Provided by the organization

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2 programs · in their own filed words · FY2019
01

To foster and provide for the safety, education and training of personnel engaged in the iron worker industry, i.e. support of union sponsored apprenticeship, safety, training programs and other educational programs.This is done by giving monetary assistance to the Joint Apprenticeship Training Committee (JATC), operated by Ironworkers…

Pt IX · col B
02

To advocate for the iron workers who were union members of Baltimore Iron Workers Local #16(Baltimore, MD)and monitor and assist with the merging of their various benefit funds with the Iron Workers Local #5 (District of Columbia).

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$20K
Ln 12
Investment incomeLn 3$20K
Money outPt IX
$50K
Ln 25
Programscol B$41K
Managementcol C$9K
Owns and owesPt X
$226K
net assets · Ln 32
Cash and savingsLn 1–2$10K
Total assetsLn 16$226K
LiabilitiesLn 26$0
PeoplePt VI, VII
2
listed · VII A
PaidVII A1
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$20K
Gains on assetsLn 7$6K
Total revenueLn 12$20K
Assets in detailPt X, end of year
CashLn 1$6K
SavingsLn 2$4K
Cash and savings togetherLn 1–2$10K
InvestmentsLn 11–13$216K
Total assetsLn 16$226K
LiabilitiesLn 26$0
Net assetsLn 32$226K
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderMarch
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 FY20End FY20
Cash and savingsLn 1–2$14K$10K
InvestmentsLn 11–13$271K$216K
Total assetsLn 16$285K$226K
LiabilitiesLn 26$0$0
Net assetsLn 32$285K$226K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$32K$32K
Payroll taxesLn 10$3K$3K
Accounting feesLn 11c$5K$5K
Investment management feesLn 11f$4K$4K
Office expensesLn 13$828$828
TravelLn 17$2K$2K
Conferences, conventions and meetingsLn 19$4K$4K
InsuranceLn 23$100$100
Total functional expensesLn 25$50K$41K$9K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest $103K$16K$87K$0 990 PDF
FY2020 Viewing $20K$50K−$30K$226K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $20,253 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $14,890$20,253
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $14,890$20,253
I-13 Grants and similar amounts paidPrior year $20,000$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $53,344$34,582
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $23,635$15,346
I-18 Total expensesPrior year $96,979$49,928
I-19 Revenue less expensesPrior year −$82,089−$29,675
Part VI · Governance 2 of 2 board members independent, 4 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members2
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $20,253 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $14,639$14,639
VIII-7 Net gain or loss on sales of assetsExcluded from tax $5,614$5,614
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $20,253$20,253
Part IX · Statement of functional expenses $49,928 across 8 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $31,500$31,500
IX-10 Payroll taxesPrograms $3,082$3,082
IX-11c Accounting feesManagement $4,650$4,650
IX-11f Investment management feesManagement $4,113$4,113
IX-13 Office expensesPrograms $828$828
IX-17 TravelPrograms $1,746$1,746
IX-19 Conferences, conventions and meetingsPrograms $3,909$3,909
IX-23 InsuranceManagement $100$100
IX-25 Total functional expensesPrograms $41,065 · Management $8,863 · Fundraising $0$49,928
Part X · Balance sheet $225,694 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $12,282$6,255
X-2 Savings and temporary cash investmentsStart of year $1,799$3,777
X-11 Publicly traded securitiesStart of year $270,503$215,662
X-16 Total assetsStart of year $284,584$225,694
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $284,584$225,694
X-32 Total net assets or fund balancesStart of year $284,584$225,694
X-33 Total liabilities and net assetsStart of year $284,584$225,694
Part XI · Reconciliation of net assets $225,694 net assets at year end
XI-1 Total revenue$20,253
XI-2 Total expenses$49,928
XI-3 Revenue less expenses−$29,675
XI-4 Net assets at start of year$284,584
XI-5 Net unrealized gains (losses) on investments−$26,002
XI-9 Other changes in net assets−$3,213
XI-10 Net assets at end of year$225,694

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

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