2023-11-15T20:09:30-06:00 2022-12-31 WITHUMSMITHBROWNPC 4600 EAST WEST HWY 900 BETHESDA MD 208143423 990 2022-01-01 753054646 IRONWORKER MANAGEMENT PROGRESSIVE ACTION COOPERATIVE TRUST % WITHUMSMITHBROWN PC IRON 2023931147 1750 NEW YORK AVENUE NW FL 4 WASHINGTON DC 20006 KEVIN HILTON CEO 2023931147 2023-11-13 true KEVIN HILTON 999009999 RICHARD RUVELSON P00234075 3012726000 2 2022 2023-04-26 12:10:37Z KEVIN HILTON 1750 NEW YORK AVENUE NW FL 4 WASHINGTON DC 20006 26331538 false X WWW.IMPACT-NET.ORG X 2003 DC TO PROMOTE THE UNION IRONWORKERS INDUSTRY AND INCREASE MARKET SHARE 32 32 0 0 0 0 0 0 25258717 25658309 2805141 585956 354509 0 28418367 26244265 0 0 1903951 1844117 0 0 0 0 0 20674319 25839622 22578270 27683739 5840097 -1439474 38057274 32872574 0 0 38057274 32872574 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. false false IMPACT IS A JOINT LABOR-MANAGEMENT, NON PROFIT TRUST WHOSE MISSION OF IMPACT IS TO EXPAND THE JOB OPPORTUNITIES FOR UNION IRONWORKERS AND THEIR SIGNATORY CONTRACTORS. false false false true false false false false false true false false false false true true false false false true false false false false false false false false true false false false false false false false false false false false false false false true 511 0 true 0 false true CA false false false false false false X 32 32 true false false false false true false true true false false false true true true true true false false false X WITHUMSMITHBROWN PC 3012726000 4600 EAST WEST HWY 900 BETHESDA MD 20814 X KEVIN HILTON CHIEF EXECUTIVE OFFICER 40.0 0.0 X 331585 0 113360 WILLIAM BROWN CO-CHAIRMAN 2.0 0.0 X X 0 0 0 ERIC DEAN CO-CHARIMAN 2.0 0.0 X X 0 0 0 KEVIN BYRNES TRUSTEE 2.0 0.0 X 0 0 0 VICTOR CORNELLIER TRUSTEE 2.0 0.0 X 0 0 0 KENNETH DEAN TRUSTEE 2.0 0.0 X 0 0 0 JEFF GREEN TRUSTEE 2.0 0.0 X 0 0 0 ROBERT HOOVER TRUSTEE 2.0 0.0 X 0 0 0 DAVID HUNT TRUSTEE 2.0 0.0 X 0 0 0 JOSEPH MERLINO TRUSTEE 2.0 0.0 X 0 0 0 RON PIKSA TRUSTEE 2.0 0.0 X 0 0 0 ALISSA SCHNEIDER TRUSTEE 2.0 0.0 X 0 0 0 DAVID MCEUEN TRUSTEE 2.0 0.0 X 0 0 0 DARLAINE TAYLOR TRUSTEE (THRU 10/2022) 2.0 0.0 X 0 0 0 DAVID BEARD TRUSTEE 2.0 0.0 X 0 0 0 STEVE PENDERGRASS TRUSTEE 2.0 0.0 X 0 0 0 THOMAS WOODFORD TRUSTEE 2.0 0.0 X 0 0 0 DAVID BENNETT TRUSTEE 2.0 0.0 X 0 0 0 STEPHEN SWEENEY TRUSTEE 2.0 0.0 X 0 0 0 JEFF ILENSTINE TRUSTEE 2.0 0.0 X 0 0 0 KEVIN BRYENTON TRUSTEE 2.0 0.0 X 0 0 0 JACK MESLEY TRUSTEE 2.0 0.0 X 0 0 0 BRAD MACLEAN TRUSTEE 2.0 0.0 X 0 0 0 MICHAEL BAKER TRUSTEE 2.0 0.0 X 0 0 0 KENDALL MARTIN TRUSTEE 2.0 0.0 X 0 0 0 PETER HAYES TRUSTEE 2.0 0.0 X 0 0 0 JERRY WILSON TRUSTEE 2.0 0.0 X 0 0 0 COLIN DANIELS TRUSTEE 2.0 0.0 X 0 0 0 KEN BIRD TRUSTEE 2.0 0.0 X 0 0 0 SHAWN NEHILEY TRUSTEE 2.0 0.0 X 0 0 0 BILL MORROW TRUSTEE 2.0 0.0 X 0 0 0 DAVID S OSBORNE TRUSTEE 2.0 0.0 X 0 0 0 GREGORY CHRISTY TRUSTEE 2.0 0.0 X 0 0 0 RICHARD BROWN TRUSTEE 2.0 0.0 X 0 0 0 331585 0 113360 1 false true true IABSORIW 1750 NEW YORK AVE NW WASHINGTON DC 20006 CONTRACT LABOR 5220252 ALERE TOXICOLOGY SERVICES PO BOX 734577 CHICAGO IL 60673 DRUG TESTING 736803 THE HILTON SAN FRANCISCO 333 OFARRELL STREET SAN FRANCISCO CA 94102 CONFERENCE SERVICES 649400 CONVENTION SERVICES UNLIMITED 1701 CABIN BRANCH DRIVE CHEVERLY MD 20785 CONFERENCE SERVICES 552024 AISLEM LLC 2308 ENGLISH IVY COURT SE ATLANTA GA 30339 CONSULTING 538513 25 0 CONTRIBUTIONS 900099 25658309 25658309 25658309 592229 592229 0 0 0 0 0 81000 87273 -6273 -6273 0 -6273 0 0 0 0 0 0 0 0 0 0 26244265 25658309 0 585956 X 0 0 0 1844117 0 0 0 0 0 0 0 57415 71914 0 0 12640 7957553 314654 401839 0 0 267446 0 0 3156947 0 10653617 3573 7579 SUBSTANCE ABUSE TESTING 1511640 LICENSING & SUBSCRIPTIONS 1215935 PROMOTIONAL ITEMS 156838 TRADE SHOWS 50032 27683739 X 19623195 16256091 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 808773 799475 3338 9298 18430741 16607185 0 0 0 0 0 0 0 0 38057274 32872574 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 38057274 32872574 0 0 38057274 32872574 38057274 32872574 X -1439474 -3251731 -493495 X X false true X false false true false false 554991 553585 1406 167795 159903 7892 85987 85987 0 9298 0 0 X 22486399 -3251731 -493495 -3745226 26231625 12640 12640 26244265 27671099 27671099 12640 12640 27683739 PART X, LINE 2 - FIN 48 FOOTNOTE Management annually evaluates tax positions taken to determine whether IMPACT has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service ("IRS") and, any such uncertain tax position would be disclosed in the financial statements. Management has evaluated the tax positions taken by IMPACT and concluded that as of December 31, 2022 and 2021 there were no uncertain positions taken or expected to be taken that would require disclosure in the financial statements. IMPACT is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. In addition, there have been no tax related interest or penalties for the periods presented in these financial statements. Should such penalties and interest be paid, IMPACT's policy is to recognize them as part of general and administrative expenses on the statements of revenue, expenses and changes in net assets - modified cash basis. PART XI, LINE 2D - OTHER ADJUSTMENTS CURRENCY EXCHANGE LOSS -$493,495 North America 0 2 Program Services TRAINING 527796 0 2 0 2 527796 527796 false false false false false false false false false KEVIN HILTON CHIEF EXECUTIVE OFFICER 293921 0 0 0 37664 0 73397 0 39963 0 444945 0 0 0 PART II, LINE 1 THE CHIEF EXECUTIVE OFFICER'S COMPENSATION IS DETERMINED BY AND REPORTED BY AN UNRELATED ORGANIZATION. PART VI, SECTION A, LINE 2 CERTAIN TRUSTEES SERVE AS BOARD MEMBERS, OFFICERS OR EMPLOYEES OF THE INTERNATIONAL ASSOCIATION OF BRIDGE, STRUCTURAL, ORNAMENTAL AND REINFORCEMENT IRON WORKERS UNION AFL-CIO AND HAVE A BUSINESS RELATIONSHIP WITH THE FILING ORGANIZATION SINCE THEY ALSO SERVE AS TRUSTEES ON THE BOARD OF THE FILING ORGANIZATION. PART VI, SECTION A, LINE 7A The Board of Trustees shall be composed of not fewer than six (6) Trustees or Trustee positions, and shall have equal numbers of Union Trustees and Employer Trustees. Successor and additional Union Trustees shall be appointed by the Iron Workers General President. Successor and additional Employer Trustees shall be appointed by the incumbent Employer Trustees, provided however, that no more than two (2) Employer Trustees shall be employed by or contracting with any one Employer so as to encourage broader involvement by Employers. The Board of Trustees shall be co-chaired by a Union Trustee selected from among the Union Trustees then sitting and by an Employer Trustee selected from among the Employer Trustees then sitting. During the first meeting of each calendar year, there shall be a re-election of the co-chairmen unless such re-election is waived by the Union Trustees with respect to the Union Co-Chairman and by the Employer Trustees with respect to the Employer Co-Chairman. PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND GENERAL COUNSEL PRIOR TO FILING OF THE RETURN. PART VI, SECTION B, LINE 12C GENERAL COUNSEL REVIEWS AND MONITORS COMPLIANCE WITH IMPACT'S CONFLICT OF INTEREST POLICY. THE CONFLICT OF INTEREST POLCIY TO PERSON THAT SERVES AS A DIRECTOR, OFFICER OR MEMBER OF A COMMITTEE. ANY INTERESTED PERSON WITH A FINANCIAL INTEREST OR WHO THINKS THAT HE OR SHE IS IN CIRCUMSTANCES THAT MIGHT LEAD TO A CONFLICT OF INTEREST, MUST DISCLOSE THE INTEREST OR CIRCUMSTANCES TO THE BOARD OF DIRECTORS (OR A CONFLICT OF INTEREST COMMITTEE IF APPLICABLE). ANY MEMBER OF THE BOARD OF DIRECTORS WHO ALSO SERVES IMPACT IN ANOTHER CAPACITY FOR COMPENSATION IS PRECLUDED FROM VOTING ON MATTERS CONCERNING HIS OR HER COMPENSATION OR BENEFITS. EACH DIRECTOR, OFFICER, AND MEMBER OF A COMMITTEE MUST READ AND SIGN A COPY OF THE CONFLICT OF INTEREST POLCIY AND RETURN IT TO THE TRUST OFFICE. PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND POLICIES ARE AVAILABLE UPON REQUEST. PART XII, LINE 1 - OTHER BASIS OF ACCOUNTING The financial statements have been prepared using the modified cash basis of accounting. The modified cash basis of accounting differs from accounting principles generally accepted in the United States of America ("U.S. GAAP") primarily because revenue is recognized when received rather than when earned and expenses are recorded when paid rather than when the obligation is incurred. However, fixed assets are capitalized and depreciated, investments are presented at fair value and both realized and unrealized gains and losses in the fair value of investments are recognized in the period in which they occur and assets and liabilities that arise from cash transactions are recognized. U.S. GAAP requires operating leases of lessees to be capitalized through a right-of-use asset and a corresponding operating lease liability. The presentation under modified cash basis of accounting has no such requirement. PART XI, LINE 9 CURRENCY EXCHANGE LOSS ($493,495) FORM 990 PART IX LINE 11G DESCRIPTION:GENERAL & ADMIN SERVICES TOTAL FEES:5046383 FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTING TOTAL FEES:2911170