Civic Intelligence

Ironworkers Union Local 377

990 • Fiscal year 2018 • EIN 94-0577195

Jul 01, 2017 to Jun 30, 2018 • Filed on May 08, 2019

570 Barneveld AvenueSan Francisco, CA 94124

(415) 285-3880

Siviq Scores

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

Liabilities / Assets

41st percentile

0.01x

Higher debt load relative to assets than 41% of similar nonprofits.

2018 filings • 501(c)5 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

36th percentile

0.02x

Higher debt load relative to revenue than 36% of similar nonprofits.

2018 filings • 501(c)5 • $10M-$25M nonprofits • Source year 2018

Net Margin

74th percentile

22%

Higher net margin than 74% of similar nonprofits.

2018 filings • 501(c)5 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

59th percentile

$243,654

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

2018 filings • 501(c)5 • $10M-$25M nonprofits • Source year 2018

Asset Growth

77th percentile

15%

Faster asset growth than 77% of similar nonprofits.

2018 filings • 501(c)5 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

80th percentile

15%

Faster revenue growth than 80% of similar nonprofits.

2018 filings • 501(c)5 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Assets

Up

$10,409,560

Up $1,337,739 (+15%) from 2017

Net Assets

Up

$10,270,619

Up $1,336,046 (+15%) from 2017

Liabilities

Up

$138,941

Up $1,693 (+1.2%) from 2017

Revenue

Up

$6,182,644

Up $815,958 (+15%) from 2017

Expenses

Up

$4,849,701

Up $1,434,435 (+42%) from 2017

Net Income

Down

$1,332,943

Down $618,477 (-32%) from 2017

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $3,395,890Liabilities 2011: $56,050Net Assets 2011: $3,339,8402011Assets 2012: $3,171,311Liabilities 2012: $77,182Net Assets 2012: $3,094,1292012Assets 2013: $3,145,777Liabilities 2013: $77,338Net Assets 2013: $3,068,4392013Assets 2014: $3,732,337Liabilities 2014: $107,451Net Assets 2014: $3,624,8862014Assets 2015: $5,054,330Liabilities 2015: $230,966Net Assets 2015: $4,823,3642015Assets 2016: $7,089,134Liabilities 2016: $103,614Net Assets 2016: $6,985,5202016Assets 2017: $9,071,821Liabilities 2017: $137,248Net Assets 2017: $8,934,5732017Assets 2018: $10,409,560Liabilities 2018: $138,941Net Assets 2018: $10,270,6192018Assets 2019: $13,211,772Liabilities 2019: $204,748Net Assets 2019: $13,007,0242019Assets 2020: $15,988,965Liabilities 2020: $168,117Net Assets 2020: $15,820,8482020Assets 2021: $18,269,959Liabilities 2021: $532,467Net Assets 2021: $17,737,4922021Assets 2022: $19,314,422Liabilities 2022: $150,281Net Assets 2022: $19,164,1412022Assets 2023: $20,747,690Liabilities 2023: $353,482Net Assets 2023: $20,394,2082023Assets 2024: $21,879,527Liabilities 2024: $172,142Net Assets 2024: $21,707,3852024

Highlighted filing

2018

Assets$10,409,560
Liabilities$138,941
Net Assets$10,270,619

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $2,157,205Expenses 2011: $2,795,599Net Income 2011: -$638,3942011Revenue 2012: $2,420,315Expenses 2012: $2,693,861Net Income 2012: -$273,5462012Revenue 2013: $2,828,355Expenses 2013: $2,854,407Net Income 2013: -$26,0522013Revenue 2014: $3,582,178Expenses 2014: $3,026,345Net Income 2014: $555,8332014Revenue 2015: $4,373,674Expenses 2015: $3,182,354Net Income 2015: $1,191,3202015Revenue 2016: $5,095,204Expenses 2016: $2,935,647Net Income 2016: $2,159,5572016Revenue 2017: $5,366,686Expenses 2017: $3,415,266Net Income 2017: $1,951,4202017Revenue 2018: $6,182,644Expenses 2018: $4,849,701Net Income 2018: $1,332,9432018Revenue 2019: $6,055,783Expenses 2019: $3,319,925Net Income 2019: $2,735,8582019Revenue 2020: $6,111,746Expenses 2020: $3,296,805Net Income 2020: $2,814,9412020Revenue 2021: $5,277,547Expenses 2021: $3,357,142Net Income 2021: $1,920,4052021Revenue 2022: $4,712,634Expenses 2022: $3,285,985Net Income 2022: $1,426,6492022Revenue 2023: $5,279,639Expenses 2023: $4,049,572Net Income 2023: $1,230,0672023Revenue 2024: $5,094,554Expenses 2024: $3,781,377Net Income 2024: $1,313,1772024

Highlighted filing

2018

Revenue$6,182,644
Expenses$4,849,701
Net Income$1,332,943
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 8, 2019
Return Version
2017v2.2
Gross Receipts
$6,200,064
Mission and Program Overview

Mission

To promote the welfare and working conditions of the union's membership

To organize our industry to raise the standard of living of all ironworkers

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$8,154,946$9,534,181▲ $1,379,235
Land, Buildings, and Equipment, Net$799,002$787,870▼ $11,132
Investments in Publicly Traded Securities$103,473$85,609▼ $17,864
Prepaid Expenses and Deferred Charges$1,500$1,500→ $0
Cash and Non-Interest-Bearing Accounts$400$400→ $0
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$9,071,821$10,409,560▲ $1,337,739
Other Assets Total$12,500$0▼ $12,500
Liabilities
Accounts Payable and Accrued Expenses$137,248$138,941▲ $1,693
Total Liabilities$137,248$138,941▲ $1,693
Net Assets / Fund Balance
Unrestricted Net Assets$8,934,573$10,270,619▲ $1,336,046
Total Net Assets Fund Balance$8,934,573$10,270,619▲ $1,336,046
Total Liabilities and Net Assets / Fund Balance$9,071,821$10,409,560▲ $1,337,739

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$251,606$304,401$556,007
Land$471,574-$471,574
Equipment$44,904$93,549$138,453
Other Land Buildings$19,786$106,532$126,318
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Charile HernandezExecutive DirectorFT$148,753$91,573$243,654
Eddie ReyesTrusteeFT$133,279$79,876$226,850
Christopher DonnellyTrusteeFT$122,112$93,571$213,685
Mitchel KettleTrusteeFT$107,561$79,876$187,437
David OrtizTrusteeFT$38,755$27,472$66,227
Dennis DoughertyPresidentPT$21,886$11,988$33,874
Jackie WinslowTrustee-$5,184-$5,184
Steven ThangTrustee-$5,124-$5,124
Diahanna ChristieSecretary-$4,756-$4,756
David LuceroTrusteePT$4,360-$4,360
Aaron ClaytonTrustee-$3,721-$3,721
Daniel GordonTrustee-$2,924-$2,924
Terry DunniganTrustee-$2,743-$2,743
Armando BarosTrustee-$2,127-$2,127
Patrick WilsonExecutive Committee-$2,127-$2,127
Alan PaulsenTrustee-$1,895$94,901$1,895
Lisa DavidsonVice President-$1,861-$1,861
Tim IselyTrustee-$632-$632
Trieu ThanhTrustee-$532-$532
Clayton BennettTrustee-$299-$299

Board Members and Trustees

NameTitle
Jack DigbyTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$3,886,485
Program Service Revenue
$2,194,349
Investment Income
$46,617
Other Revenue
$55,193
Change in Net Assets
$1,332,943

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,642,918
Revenue Not Reported on Financial Statements
$1,539,726
Revenue Not Reported on Form 990
$3,103
Other Revenue Adjustments
$1,539,726
Total Revenue per Audited Statements
$4,646,021
Total Revenue per Form 990
$6,182,644
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,294,133
Salaries, Compensation, and Employee Benefits$1,419,739
Grants and Similar Amounts Paid$12,704
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates---$2,563,246
Current Officers, Directors, Trustees, and Key Employees---$1,010,398
Office Expenses---$361,717
Other Salaries and Wages---$266,328
Benefits to Members---$123,125
Payroll Taxes---$73,207
Travel---$71,494
Other Employee Benefits---$49,083
Depreciation Depletion---$39,540
Fees for Services Other---$37,411
Fees for Services Accounting---$20,810
Pension Plan Contributions---$20,723
Grants to Domestic Individuals---$11,754
Fees for Services Legal---$9,852
Occupancy---$8,515
Other Expenses---$8,140
Information Technology---$6,573
All Other Expenses---$2,697
Advertising---$1,609
Grants to Domestic Orgs---$950
Total Functional Expenses$0$0$0$4,849,701

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,849,701
Expenses per Audited Statements$3,309,975
Total Expenses per Audited Statements$3,309,975
Expenses Not Reported on Financial Statements$1,539,726
Other Expense Adjustments$1,539,726
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

Collectively bargained members

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

Officers are elected by members

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

Material transactions require membership approval.

Form 990, Part VI, Line 11B: Form 990 Review Process

Executive officer reviews 990 and provides to full board for additional review & approval

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

ANNUAL QUESTIONNAIRE

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Compensation is set by cba

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Compensation is set by cba

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Available upon written request.

Filing and Contact Details

Filer

Filer Name
Ironworkers Union Local 377
EIN
94-0577195
Phone
4152853880
Address
570 BARNEVELD AVENUE, SAN FRANCISCO, CA 94124

Signing Officer

Name
Charles Hernandez
Title
CEO
Signed
2019-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles Haernandez
Formed
1921
Legal Domicile
CA
Voting Board Members
15
Independent Board Members
0
Employees
28

Preparer

Firm
Dawn Rogers CPA
Address
3060 EL CERRITO PLAZA 362 CA, El Cerrito, CA 94530
Preparer
Dawn Rogers
Phone
5109906443
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The Organization has evaluated its current tax positions as of June 30, 2017 and is not aware of any significant uncertain tax positions for which a reserve would be necessary.

Part XI, Line 4B: Other revenue amounts included on 990 but not included in F/S

On behalf of affiliate - netted on fs $1539726

Part XII, Line 4B: Other revenue amounts included on 990 but not included in F/S

On behalf of affil - netted on fs $1539726

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IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt13President
IRS990/Form990PartVIISectionAGrp/TitleTxt14Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt15Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt16Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt17Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt18Vice President
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt140800
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IRS990/ProgSrvcAccomActy3Grp/Desc0TO PROVIDE IMPORTANT INFORMATION REGARDING SOCIETAL ISSUES TO BETTER ALLOW OUR MEMBERS TO MAKE AN INFORMED CHOICE
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$21.9$0.17$21.7$5.09$3.78$1.31
2023Detailed filing. Detailed filing data is available for this year.$20.7$0.35$20.4$5.28$4.05$1.23
2022Detailed filing. Detailed filing data is available for this year.$19.3$0.15$19.2$4.71$3.29$1.43
2021Detailed filing. Detailed filing data is available for this year.$18.3$0.53$17.7$5.28$3.36$1.92
2020Detailed filing. Detailed filing data is available for this year.$16.0$0.17$15.8$6.11$3.30$2.81
2019Detailed filing. Detailed filing data is available for this year.$13.2$0.20$13.0$6.06$3.32$2.74
2018Detailed filing. Detailed filing data is available for this year.$10.4$0.14$10.3$6.18$4.85$1.33
2017Summary only. Only limited summary data is available for this year.$9.07$0.14$8.93$5.37$3.42$1.95
2016Summary only. Only limited summary data is available for this year.$7.09$0.10$6.99$5.10$2.94$2.16
2015Summary only. Only limited summary data is available for this year.$5.05$0.23$4.82$4.37$3.18$1.19
2014Summary only. Only limited summary data is available for this year.$3.73$0.11$3.62$3.58$3.03$0.56
2013Summary only. Only limited summary data is available for this year.$3.15$0.08$3.07$2.83$2.85$0.03
2012Summary only. Only limited summary data is available for this year.$3.17$0.08$3.09$2.42$2.69$0.27
2011Summary only. Only limited summary data is available for this year.$3.40$0.06$3.34$2.16$2.80$0.64