Civic Intelligence

Iron Workers Local Union 401

990 • Fiscal year 2015 • EIN 23-0724500

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 17, 2016

11600 Norcom RoadPhiladelphia, PA 19154

(215) 676-3000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

38th percentile

0.01x

Higher debt load relative to assets than 38% of similar nonprofits.

2015 filings • 501(c)5 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

35th percentile

0.01x

Higher debt load relative to revenue than 35% of similar nonprofits.

2015 filings • 501(c)5 • $5M-$10M nonprofits • Source year 2015

Net Margin

94th percentile

37%

Higher net margin than 94% of similar nonprofits.

2015 filings • 501(c)5 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

8th percentile

$0

Higher top officer pay than 8% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)5 • $5M-$10M nonprofits • Source year 2015

Asset Growth

93rd percentile

33%

Faster asset growth than 93% of similar nonprofits.

2015 filings • 501(c)5 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

79th percentile

15%

Faster revenue growth than 79% of similar nonprofits.

2015 filings • 501(c)5 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Up

$5,731,953

Up $1,417,390 (+33%) from 2014

Net Assets

Up

$5,664,452

Up $1,763,843 (+45%) from 2014

Liabilities

Down

$67,501

Down $346,453 (-84%) from 2014

Revenue

Up

$4,725,992

Up $606,193 (+15%) from 2014

Expenses

Down

$2,962,149

Down $685,106 (-19%) from 2014

Net Income

Up

$1,763,843

Up $1,291,299 (+273%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2011: $4,294,879Liabilities 2011: $208,646Net Assets 2011: $4,086,2332011Assets 2012: $4,302,112Liabilities 2012: $452,613Net Assets 2012: $3,849,4992012Assets 2013: $3,650,118Liabilities 2013: $222,053Net Assets 2013: $3,428,0652013Assets 2014: $4,314,563Liabilities 2014: $413,954Net Assets 2014: $3,900,6092014Assets 2015: $5,731,953Liabilities 2015: $67,501Net Assets 2015: $5,664,4522015Assets 2016: $8,203,575Liabilities 2016: $152,831Net Assets 2016: $8,050,7442016Assets 2017: $9,039,925Liabilities 2017: $174,336Net Assets 2017: $8,865,5892017Assets 2018: $10,154,987Liabilities 2018: $111,941Net Assets 2018: $10,043,0462018Assets 2019: $10,425,074Liabilities 2019: $59,495Net Assets 2019: $10,365,5792019Assets 2020: $10,726,279Liabilities 2020: $108,119Net Assets 2020: $10,618,1602020Assets 2021: $10,853,986Liabilities 2021: $87,036Net Assets 2021: $10,766,9502021Assets 2022: $10,180,839Liabilities 2022: $124,566Net Assets 2022: $10,056,2732022Assets 2023: $8,838,146Liabilities 2023: $87,459Net Assets 2023: $8,750,6872023Assets 2024: $9,499,915Liabilities 2024: $44,015Net Assets 2024: $9,455,9002024

Highlighted filing

2015

Assets$5,731,953
Liabilities$67,501
Net Assets$5,664,452

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $3,750,407Expenses 2011: $3,873,183Net Income 2011: -$122,7762011Expenses 2012: $4,268,6612012Expenses 2013: $4,600,5812013Revenue 2014: $4,119,799Expenses 2014: $3,647,255Net Income 2014: $472,5442014Revenue 2015: $4,725,992Expenses 2015: $2,962,149Net Income 2015: $1,763,8432015Revenue 2016: $5,650,440Expenses 2016: $3,264,148Net Income 2016: $2,386,2922016Revenue 2017: $4,627,901Expenses 2017: $3,813,056Net Income 2017: $814,8452017Revenue 2018: $4,685,493Expenses 2018: $3,508,036Net Income 2018: $1,177,4572018Revenue 2019: $4,662,257Expenses 2019: $4,339,724Net Income 2019: $322,5332019Revenue 2020: $4,008,817Expenses 2020: $3,756,236Net Income 2020: $252,5812020Revenue 2021: $3,673,094Expenses 2021: $3,524,304Net Income 2021: $148,7902021Revenue 2022: $3,112,285Expenses 2022: $3,822,962Net Income 2022: -$710,6772022Revenue 2023: $2,989,814Expenses 2023: $4,295,400Net Income 2023: -$1,305,5862023Revenue 2024: $5,178,193Expenses 2024: $4,472,980Net Income 2024: $705,2132024

Highlighted filing

2015

Revenue$4,725,992
Expenses$2,962,149
Net Income$1,763,843
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 17, 2016
Return Version
2014v6.0
Gross Receipts
$4,762,122
Mission and Program Overview

Mission

Placement and training of members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$3,900,609$5,664,452▲ $1,763,843
Cash and Non-Interest-Bearing Accounts$1,947,431$3,531,215▲ $1,583,784
Land, Buildings, and Equipment, Net$2,332,986$2,146,364▼ $186,622
Inventories for Sale or Use$18,283$7,000▼ $11,283
Total Assets$4,314,563$5,731,953▲ $1,417,390
Other Assets Total$15,863$47,374▲ $31,511
Liabilities
Accounts Payable and Accrued Expenses$413,954$67,501▼ $346,453
Total Liabilities$413,954$67,501▼ $346,453
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,900,609$5,664,452▲ $1,763,843
Total Liabilities and Net Assets / Fund Balance$4,314,563$5,731,953▲ $1,417,390

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,163,267$3,881,396$5,044,663
Other Land Buildings$388,200$375,695$763,895
Land$518,497-$518,497
Equipment$76,400$260,488$336,888
Other Assets Org$31,511--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Steven SweeneyTrustee / Administrator
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,345,640
Investment Income
$9,033
Other Revenue
$371,319
Change in Net Assets
$1,763,843

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,725,992
Total Revenue per Audited Statements
$4,725,992
Total Revenue per Form 990
$4,725,992
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,716,979
Salaries, Compensation, and Employee Benefits$1,230,320
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses---$646,192
Payments to Affiliates---$415,457
Current Officers, Directors, Trustees, and Key Employees---$409,075
Pension Plan Contributions---$395,772
Other Salaries and Wages---$230,570
Depreciation Depletion---$229,052
Other Employee Benefits---$139,951
Fees for Services Legal---$77,791
Occupancy---$74,204
Payroll Taxes---$54,952
Office Expenses---$54,551
Insurance---$33,828
Conferences and Meetings---$16,965
Fees for Services Accounting---$15,500
Benefits to Members---$14,850
Other Expenses---$5,244
Total Functional Expenses$0$0$0$2,962,149

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,962,149
Total Expenses per Audited Statements$2,962,149
Total Expenses per Form 990$2,962,149
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Iron Workers Local Union 401
EIN
23-0724500
Phone
2156763000
Address
11600 NORCOM ROAD, PHILADELPHIA, PA 19154

Signing Officer

Name
Stephen Sweeney
Title
Administrator
Phone
2156763000
Signed
2016-02-17
Discuss with paid preparer
Yes

Organization Details

Formed
1900
Legal Domicile
Pa
Voting Board Members
1
Independent Board Members
1
Employees
51
Volunteers
0

Preparer

Firm
Fischer Dorwart Pc
Address
16 W VASSAR ROAD, AUDUBON, NJ 08106
Preparer
Stephen M Dorwart
Phone
8563100990
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

Local Union 401 represents approximately 700 active dues paying members.

Pt VI, Line 7A

Local Union members vote to elect the officers of the Union.

Pt VI, Line 7B

Certain decisions are subject to approval by the members in accordance with the bylaws.

Pt VI, Line 11B

The 990 is reviewed by the responsible officer before signing.

Pt VI, Line 19

The documents are made available for inspection at the Union office upon request.

Pt XII, Line 2C

The Trustees of the Union provide audit oversight and selection.

Form 990, Part IX, Line 24F

Election 722. Flowers & gifts 5749. Member activity expenses 780. Work preservation costs 502458. Bridgemen's hall expenses 128455. Dues & subscriptions 3576. Taxes - liquor 4452.

Raw XML Appendix374 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Local Union 401 represents approximately 700 active dues paying members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Local Union members vote to elect the officers of the Union.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Certain decisions are subject to approval by the members in accordance with the bylaws.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The 990 is reviewed by the responsible officer before signing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The documents are made available for inspection at the Union office upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Trustees of the Union provide audit oversight and selection.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ELECTION 722. FLOWERS & GIFTS 5749. MEMBER ACTIVITY EXPENSES 780. WORK PRESERVATION COSTS 502458. BRIDGEMEN'S HALL EXPENSES 128455. DUES & SUBSCRIPTIONS 3576. TAXES - LIQUOR 4452.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 6
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt XII, Line 2c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24f
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd3PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0RETIREMENT FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1Apprentice training program
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2Vacation benefit fund
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt3SUPPLEMENTAL WELFARE FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0n/a
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1n/a
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt2n/a
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt3n/a
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt011600 Norcom Road
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt111600 Norcom Road
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt211600 Norcom Road
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt311600 Norcom Road
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Philadelphia
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1Philadelphia
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2Philadelphia
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm3Philadelphia
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd3PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd019154
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd119154
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd219154
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd319154
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0true
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0true
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0132734
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1139692
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Time study
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1Fair rental Value
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Local 401 Annuity Fund
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1Local 401 Apprentice Fund
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0o
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1j
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0PA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04314563
IRS990/TotalAssetsEOYAmt05731953
IRS990/TotalAssetsGrp/BOYAmt04314563
IRS990/TotalAssetsGrp/EOYAmt05731953
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt051
IRS990/TotalFunctionalExpensesGrp/TotalAmt02962149
IRS990/TotalGrossUBIAmt0126488
IRS990/TotalLiabilitiesBOYAmt0413954
IRS990/TotalLiabilitiesEOYAmt067501
IRS990/TotalLiabilitiesGrp/BOYAmt0413954
IRS990/TotalLiabilitiesGrp/EOYAmt067501
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03900609
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05664452
IRS990/TotalProgramServiceRevenueAmt04345640
IRS990/TotalRevenueGrp/ExclusionAmt0144099
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04455405
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04725992
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0126488
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04314563
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05731953
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt011600 Norcom Rd
IRS990/USAddress/CityNm0Philadelphia
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd019154
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STEPHEN SWEENEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0ADMINISTRATOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02156763000
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-02-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IRON WORKERS LOCAL UNION 401
ReturnHeader/Filer/BusinessNameControlTxt0IRON
ReturnHeader/Filer/EIN0230724500
ReturnHeader/Filer/PhoneNum02156763000
ReturnHeader/Filer/USAddress/AddressLine1Txt011600 NORCOM ROAD
ReturnHeader/Filer/USAddress/CityNm0PHILADELPHIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019154
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FISCHER DORWART PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt016 W VASSAR ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0AUDUBON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008106
ReturnHeader/PreparerPersonGrp/PhoneNum08563100990
ReturnHeader/PreparerPersonGrp/PreparationDt02016-02-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEPHEN M DORWART
ReturnHeader/ReturnTs02016-02-18T07:09:16-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.50$0.04$9.46$5.18$4.47$0.71
2023Detailed filing. Detailed filing data is available for this year.$8.84$0.09$8.75$2.99$4.30$1.31
2022Detailed filing. Detailed filing data is available for this year.$10.2$0.12$10.1$3.11$3.82$0.71
2021Detailed filing. Detailed filing data is available for this year.$10.9$0.09$10.8$3.67$3.52$0.15
2020Detailed filing. Detailed filing data is available for this year.$10.7$0.11$10.6$4.01$3.76$0.25
2019Detailed filing. Detailed filing data is available for this year.$10.4$0.06$10.4$4.66$4.34$0.32
2018Detailed filing. Detailed filing data is available for this year.$10.2$0.11$10.0$4.69$3.51$1.18
2017Detailed filing. Detailed filing data is available for this year.$9.04$0.17$8.87$4.63$3.81$0.81
2016Detailed filing. Detailed filing data is available for this year.$8.20$0.15$8.05$5.65$3.26$2.39
2015Detailed filing. Detailed filing data is available for this year.$5.73$0.07$5.66$4.73$2.96$1.76
2014Detailed filing. Detailed filing data is available for this year.$4.31$0.41$3.90$4.12$3.65$0.47
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.65$0.22$3.43$4.60
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.30$0.45$3.85$4.27
2011Summary only. Only limited summary data is available for this year.$4.29$0.21$4.09$3.75$3.87$0.12