Local Union No 550 Of The International Assocaitio

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 340225474 ✦ Canton, OH ✦ Designated as a 501(c)(5)

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Overview

What is Local Union No 550 Of The International Assocaitio?

Local Union No 550, affiliated with an international association, is a nonprofit organization situated in Canton, Ohio. With a mission to foster professional growth, the union aims to promote camaraderie among its members and distribute employment opportunities equitably. The organization's objectives include securing fair wages for its members, considering the risks and demands of their jobs. In addition, they work towards discouraging piecework and advocating for safe and reasonable work methods. The union also strives to improve the moral, intellectual, and social well-being of its members and their families, contributing positively to citizenship. This nonprofit organization, with a team of 10 dedicated individuals, is dedicated to the betterment of its members and the trade as a whole.


Official website here: www.iw550.org

Is Local Union No 550 Of The International Assocaitio legitimate?

Local Union No 550 Of The International Assocaitio is a legitimate nonprofit organization registered as a 501(c)(5) entity. Local Union No 550 Of The International Assocaitio submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $204,062
Professional Fundraising Fees: $0
Other Salaries and Wages: $49,022

For more financial information, click here


Official website here: www.iw550.org

What is the mission statement of Local Union No 550 Of The International Assocaitio?

The mission of Local Union No 550 of the International Association is focused on three main objectives. Firstly, they aim to foster and enhance trade skills among its members. Secondly, they strive to cultivate camaraderie and friendship within the trade. Lastly, they work towards ensuring fair distribution of employment opportunities. The union also seeks to secure fair wages for its members, considering the hazards and physical and mental exertion involved in their work. They are committed to discouraging piece work and promoting safe and reasonable work methods. Additionally, they aim to improve the moral, intellectual, and social well-being of their members and their families, contributing to the broader principle of good citizenship.


Official website here: www.iw550.org

Who is the CEO of Local Union No 550 Of The International Assocaitio?

Gary Craft is the President of Local Union No 550 Of The International Assocaitio.


Official website here: www.iw550.org

What is the revenue of Local Union No 550 Of The International Assocaitio?

Local Union No 550 Of The International Assocaitio's revenue in 2023 was $2,091,607.


Official website here: www.iw550.org

Who are the executives of Local Union No 550 Of The International Assocaitio and what are their salaries?

The average compensation at Local Union No 550 Of The International Assocaitio during 2023 was $25,308. There are 10 employees at Local Union No 550 Of The International Assocaitio.


Here are 13 key members and their salaries:


Theron Hodge (Business Agentsecretary)
  • Compensation: $84,388
  • Related: $0
  • Other: $0
William Sherer Ii (Business Manager)
  • Compensation: $81,236
  • Related: $0
  • Other: $0
Shawn Mccartney (Executive Committee)
  • Compensation: $0
  • Related: $72,532
  • Other: $0
Gary Craft (President)
  • Compensation: $10,110
  • Related: $0
  • Other: $0
Sean Diekmann (Vice President)
  • Compensation: $2,110
  • Related: $0
  • Other: $0
Scott Slider (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chad Jordan (Sergeant-At-Arms)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug Vickers (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicholas Tsaftarides (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Huntley (Executive Committeeconductor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Felgenhauer (Executive Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Wayble (Executive Commitee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Liolios (Executive Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.iw550.org

Where can I find the form 990 for Local Union No 550 Of The International Assocaitio?

Local Union No 550 Of The International Assocaitio's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.iw550.org

Learn more at the official website: www.iw550.org

Mission Statement of Local Union No 550 Of The International Assocaitio

Local Union No 550 of the International Association aims to foster the development of trade skills among its members. This organization recognizes the importance of camaraderie within the trade and strives to cultivate strong relationships among its members. Moreover, Local Union No 550 is committed to ensuring that employment opportunities are distributed equitably among its members. The union's mission extends beyond professional growth, as it also seeks to secure fair compensation for its members, taking into account the hazards, physical and mental taxation, and exhaustion associated with their work. In addition, Local Union No 550 is dedicated to promoting safe and reasonable work methods, and to enhancing the moral, intellectual, and social well-being of its members and their families. The union's ultimate goal is to contribute positively to the wider community and promote the principles of good citizenship.

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Impact




October, 2024

Local Union No 550 of the International Association significantly impacts its members and the broader community by developing essential trade skills and fostering a strong sense of camaraderie among workers in the trade. By prioritizing skill enhancement, the union ensures that its members maintain a high standard of craftsmanship, which not only benefits individual workers but also elevates the overall quality of work within the industry.

The union also plays a crucial role in promoting equitable employment opportunities, ensuring that all members have fair access to job openings. This commitment to fairness helps create a more stable and supportive work environment, reducing competition among members and fostering a sense of unity.

Moreover, the union advocates for fair compensation that reflects the physical and mental demands of the trade, seeking to secure better pay for its members. This not only improves the financial well-being of workers but also encourages a better quality of life for their families.

In addition to economic benefits, Local Union No 550 emphasizes the importance of safety and reasonable work methods, contributing to a healthier work environment. By discouraging piece work, the union promotes more sustainable practices that protect the well-being of its members.

Overall, Local Union No 550 not only enhances trade skills and job opportunities but also cultivates a supportive community that uplifts its members and promotes their interests within the realm of citizenship and social responsibility.




This information is meant to be a general summary of Local Union No 550 Of The International Assocaitio. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$2,091,607 (2023)
Expenses
$1,726,384 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: -$7,654
  • Program Service Revenue: $1,995,953
  • Gross Receipts: $3,198,088

Assets and Liabilities:

  • Total Assets: $2,057,904
  • Total Liabilities: $18,624
  • Net Assets: $2,039,280

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Reimbursements From CD

Revenue

$2,859

Death Fund Reimbursemen

Revenue

$15,400

Membership Dues

Revenue

$1,977,694

Organization Details

Founding Year

1937

Principal Officer

Gary Craft

Main Address

618 High Avenue NW, Canton, OH, 44703

NTEE Category

Code: J40 - Employment

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