Civic Intelligence

Ironworker Management Progressive Action Cooperative Trust

990 • Fiscal year 2017 • EIN 75-3054646

Jan 01, 2017 to Dec 31, 2017 • Filed on Jun 07, 2018

1750 New York Avenuenw No 4th FLWashington, DC 20006

(202) 393-1147

Siviq Scores

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

Liabilities / Assets

25th percentile

0.01x

Higher debt load relative to assets than 25% of similar nonprofits.

2017 filings • 501(c)5 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

21st percentile

0.02x

Higher debt load relative to revenue than 21% of similar nonprofits.

2017 filings • 501(c)5 • $25M-$50M nonprofits • Source year 2017

Net Margin

1st percentile

-20%

Higher net margin than 1% of similar nonprofits.

2017 filings • 501(c)5 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

97th percentile

$643,691

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2017 filings • 501(c)5 • $25M-$50M nonprofits • Source year 2017

Asset Growth

3rd percentile

-9.6%

Faster asset growth than 3% of similar nonprofits.

2017 filings • 501(c)5 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

6th percentile

-11%

Faster revenue growth than 6% of similar nonprofits.

2017 filings • 501(c)5 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Assets

Down

$37,590,998

Down $4,010,276 (-9.6%) from 2016

Net Assets

Down

$37,191,172

Down $4,011,813 (-9.7%) from 2016

Liabilities

Up

$399,826

Up $1,537 (+0.4%) from 2016

Revenue

Down

$25,042,068

Down $2,979,991 (-11%) from 2016

Expenses

Up

$30,106,680

Up $3,427,540 (+13%) from 2016

Net Income

Down

-$5,064,612

Down $6,407,531 (-477%) from 2016

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2011: $39,560,093Liabilities 2011: $953,152Net Assets 2011: $38,606,9412011Assets 2012: $38,488,137Liabilities 2012: $801,621Net Assets 2012: $37,686,5162012Assets 2013: $40,424,997Liabilities 2013: $1,291,975Net Assets 2013: $39,133,0222013Assets 2014: $41,634,400Liabilities 2014: $1,001,218Net Assets 2014: $40,633,1822014Assets 2015: $40,031,857Liabilities 2015: $707,974Net Assets 2015: $39,323,8832015Assets 2016: $41,601,274Liabilities 2016: $398,289Net Assets 2016: $41,202,9852016Assets 2017: $37,590,998Liabilities 2017: $399,826Net Assets 2017: $37,191,1722017Assets 2018: $30,356,755Liabilities 2018: $419,948Net Assets 2018: $29,936,8072018Assets 2019: $28,804,750Liabilities 2019: $0Net Assets 2019: $28,804,7502019Assets 2020: $33,955,565Liabilities 2020: $0Net Assets 2020: $33,955,5652020Assets 2021: $38,057,274Liabilities 2021: $0Net Assets 2021: $38,057,2742021Assets 2022: $32,872,574Liabilities 2022: $0Net Assets 2022: $32,872,5742022Assets 2023: $29,860,953Liabilities 2023: $0Net Assets 2023: $29,860,9532023Assets 2024: $27,194,387Liabilities 2024: $0Net Assets 2024: $27,194,3872024

Highlighted filing

2017

Assets$37,590,998
Liabilities$399,826
Net Assets$37,191,172

Operations Trend

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

$40M$30M$20M$10M$0-$10MRevenue 2011: $17,293,945Expenses 2011: $17,409,004Net Income 2011: -$115,0592011Revenue 2012: $18,381,125Expenses 2012: $19,301,550Net Income 2012: -$920,4252012Revenue 2013: $21,141,842Expenses 2013: $19,695,336Net Income 2013: $1,446,5062013Revenue 2014: $22,873,639Expenses 2014: $21,373,479Net Income 2014: $1,500,1602014Revenue 2015: $25,654,589Expenses 2015: $26,963,888Net Income 2015: -$1,309,2992015Revenue 2016: $28,022,059Expenses 2016: $26,679,140Net Income 2016: $1,342,9192016Revenue 2017: $25,042,068Expenses 2017: $30,106,680Net Income 2017: -$5,064,6122017Revenue 2018: $26,783,275Expenses 2018: $32,606,636Net Income 2018: -$5,823,3612018Revenue 2019: $28,052,256Expenses 2019: $29,734,276Net Income 2019: -$1,682,0202019Revenue 2020: $24,567,245Expenses 2020: $19,631,275Net Income 2020: $4,935,9702020Revenue 2021: $28,418,367Expenses 2021: $22,578,270Net Income 2021: $5,840,0972021Revenue 2022: $26,244,265Expenses 2022: $27,683,739Net Income 2022: -$1,439,4742022Revenue 2023: $27,744,056Expenses 2023: $31,292,339Net Income 2023: -$3,548,2832023Revenue 2024: $27,425,484Expenses 2024: $30,249,616Net Income 2024: -$2,824,1322024

Highlighted filing

2017

Revenue$25,042,068
Expenses$30,106,680
Net Income-$5,064,612
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 7, 2018
Return Version
2017v2.2
Gross Receipts
$25,042,068
Mission and Program Overview

Mission

The primary mission of impact is to expand the job opportunities for union ironworkers and their signatory contractors through progressive and innovative labor management cooperative programs

To promote the union ironworkers industry and increase market share

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$34,352,473$31,903,617▼ $2,448,856
Savings and Temporary Cash Investments$7,068,406$5,498,948▼ $1,569,458
Land, Buildings, and Equipment, Net$123,289$93,288▼ $30,001
Accounts Receivable$31,356$25,345▼ $6,011
Total Assets$41,601,274$37,590,998▼ $4,010,276
Other Assets Total$25,750$69,800▲ $44,050
Liabilities
Accounts Payable and Accrued Expenses$398,289$399,826▲ $1,537
Total Liabilities$398,289$399,826▲ $1,537
Net Assets / Fund Balance
Unrestricted Net Assets$41,202,985$37,191,172▼ $4,011,813
Total Net Assets Fund Balance$41,202,985$37,191,172▼ $4,011,813
Total Liabilities and Net Assets / Fund Balance$41,601,274$37,590,998▼ $4,010,276

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$47,606$491,929$539,535
Other Land Buildings$45,682$173,976$219,658
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Hilton KevinChief Executive OfficerFT$280,791$280,791
Waugh KennethKey EmployeeFT$218,230$218,230
Thomas MarkKey EmployeeFT$217,874$217,874
Gorman ZacharyKey EmployeeFT$217,615$217,615
Rank StevenKey EmployeeFT$214,167$214,167
Mcquire JamesKey EmployeeFT$210,702$210,702

Highest Paid Contractors

ContractorServicesLocationCompensation
IabsoriwReimburse Leased Employees And Rent1750 NEW YORK AVENUENW, Washington, DC 20006$5,572,516
National Traing FundTraining Fund Support1750 NEW YORK AVENUENW, Washington, DC 20006$5,258,799
Alere ToxicologyDrug Testing2413 LYTLE ROAD, Bethel Park, PA 15102$1,048,878
Suntrust Corporate CardTravel And Related1445 NEW YORK AVE NW, Washington, DC 20005$894,294
Fmi CorporationConstruction Consulting5171 GLENWOOD AVE, Raleigh, NC 27612$790,908
Revenue and Support

Revenue Composition

Contributions and Grants
$24,458,738
Program Service Revenue
$0
Investment Income
$583,330
Other Revenue
$0
All Other Contributions
$24,458,738
Change in Net Assets
$-5,064,612

Audited Revenue Reconciliation

Revenue per Audited Statements
$25,042,068
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$921,406
Total Revenue per Audited Statements
$25,963,474
Total Revenue per Form 990
$25,042,068
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$25,421,739
Salaries, Compensation, and Employee Benefits$4,684,941
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses---$4,436,435
Other Salaries and Wages---$2,935,642
Other Expenses---$1,539,416
Advertising---$1,282,565
Other Employee Benefits---$895,419
Payroll Taxes---$853,880
Travel---$779,741
Occupancy---$436,057
Office Expenses---$255,994
Fees for Services Accounting---$179,790
Fees for Service Investment Mgmnt Fees---$131,393
Fees for Services Legal---$107,723
Conferences and Meetings---$84,053
Fees for Services Other---$28,000
Insurance---$19,797
Total Functional Expenses$0$0$0$30,106,680

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$30,106,680
Expenses per Audited Statements$29,975,287
Total Expenses per Audited Statements$29,975,287
Expenses Not Reported on Financial Statements$131,393
Other Expense Adjustments$131,393
Expenses Not Reported on Form 990$0
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

990 reviewed with executive director and general counsel

Form 990, Part VI, Section B, Line 12C

General counsel reviews and monitors

Form 990, Part VI, Section C, Line 19

990 is made available upon written request

Filing and Contact Details

Filer

Filer Name
Ironworker Management Progressive Action
EIN
75-3054646
Phone
2023931147
Address
1750 NEW YORK AVENUENW NO 4TH FL, WASHINGTON, DC 20006

Signing Officer

Name
Kevin Hilton
Title
CEO
Phone
2023931147
Signed
2018-06-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Hilton
Formed
2003
Legal Domicile
Dc
Voting Board Members
32
Independent Board Members
32
Employees
0
Volunteers
0

Preparer

Firm
Haley & Associates LLC
Address
5000 SUNNYSIDE AVENUE 300, BELTSVILLE, MD 20705
Preparer
Matthew T Haley
Phone
3015955600
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Website costs 1,184,956. Annual meeting 1,040,601. Business development 652,710. Project tracking systems 519,102. Industry membership and support 419,139. Member website program 211,486. Twic reimbursements 160,582. Maternity program 146,913. Contributions 54,000. Other projects 22,283. Legal issues 21,553. Ipad project 3,110.

Form 990 Part XII Line 2C

Impact currently has an executive board that reviews the audit. This is not a change from the practices of previous years. Number of employees reported: impact has no direct employees but leases employees from the iron workers international who issues the w-2 on the employees' behalf.

Financial Statement Notes

PART X, LINE 2:

Asc topic 740, income taxes, addresses the accounting for uncertainty in income taxes recognized in an organization's financial statements and prescribes a threshold and measurement attribute for financial statement recognition regarding tax positions taken or expected to be taken on a tax return, including the entity's status as a tax-exempt entity. The union has determined there are no significant uncertain tax positions. While the organization's tax and other regulatory forms may be examined by tax authorities, such as the irs, it is no longer subject to federal income tax examinations for any years earlier than is fiscal year ended december 31, 2011.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Investment expenses netted against investment income -131,393.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Investment expenses netted against investment income 131,393.

Raw XML AppendixShowing 400 of 786 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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IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2CO-CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5CO-CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt23TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt24TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt25TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt26TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt27TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt28TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt29TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt30TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt31TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt32CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt33KEY EMPLOYEE
IRS990/Form990PartVIISectionAGrp/TitleTxt34KEY EMPLOYEE
IRS990/Form990PartVIISectionAGrp/TitleTxt35KEY EMPLOYEE
IRS990/Form990PartVIISectionAGrp/TitleTxt36KEY EMPLOYEE
IRS990/Form990PartVIISectionAGrp/TitleTxt37KEY EMPLOYEE
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02003
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt032
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt025042068
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt032
IRS990/IndivRcvdGreaterThan100KCnt012
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0583330
IRS990/InvestmentInJointVentureInd00
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IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0665905
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.2$0.00$27.2$27.4$30.2$2.82
2023Detailed filing. Detailed filing data is available for this year.$29.9$0.00$29.9$27.7$31.3$3.55
2022Detailed filing. Detailed filing data is available for this year.$32.9$0.00$32.9$26.2$27.7$1.44
2021Detailed filing. Detailed filing data is available for this year.$38.1$0.00$38.1$28.4$22.6$5.84
2020Detailed filing. Detailed filing data is available for this year.$34.0$0.00$34.0$24.6$19.6$4.94
2019Detailed filing. Detailed filing data is available for this year.$28.8$0.00$28.8$28.1$29.7$1.68
2018Detailed filing. Detailed filing data is available for this year.$30.4$0.42$29.9$26.8$32.6$5.82
2017Detailed filing. Detailed filing data is available for this year.$37.6$0.40$37.2$25.0$30.1$5.06
2016Detailed filing. Detailed filing data is available for this year.$41.6$0.40$41.2$28.0$26.7$1.34
2015Detailed filing. Detailed filing data is available for this year.$40.0$0.71$39.3$25.7$27.0$1.31
2014Summary only. Only limited summary data is available for this year.$41.6$1.00$40.6$22.9$21.4$1.50
2013Summary only. Only limited summary data is available for this year.$40.4$1.29$39.1$21.1$19.7$1.45
2012Summary only. Only limited summary data is available for this year.$38.5$0.80$37.7$18.4$19.3$0.92
2011Summary only. Only limited summary data is available for this year.$39.6$0.95$38.6$17.3$17.4$0.12