2024-11-15T17:47:46-06:00 2023-12-31 WITHUMSMITHBROWNPC 4600 EAST WEST HWY 900 BETHESDA MD 208143423 990 2023-01-01 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 2024-11-15 true true RICHARD L RUVELSON P00234075 3012726000 2023 2024-10-15 13:58:12Z KEVIN HILTON 1750 NEW YORK AVENUE NW FL 4 WASHINGTON DC 20006 30002790 false X WWW.IMPACT-NET.ORG X 2003 DC TO PROMOTE THE UNION IRONWORKERS INDUSTRY AND INCREASE MARKET SHARE 33 33 0 0 0 0 0 0 25658309 26048893 585956 1695163 0 0 26244265 27744056 0 0 1844117 2405130 0 0 0 0 0 25839622 28887209 27683739 31292339 -1439474 -3548283 32872574 29860953 0 0 32872574 29860953 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 465 0 true 0 false true CA false false false false false false X 33 33 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 341451 0 121983 WILLIAM BROWN CO-CHAIRMAN 40.0 0.0 X X 0 0 0 ERIC DEAN CO-CHARIMAN 2.0 0.0 X X 0 0 0 KEVIN BYRNES TRUSTEE (THRU 9/1/2023) 2.0 0.0 X 0 0 0 VICTOR CORNELLIER TRUSTEE (THRU 1/1/2023) 2.0 0.0 X 0 0 0 KENNETH DEAN TRUSTEE (THRU 10/1/2023) 2.0 0.0 X 0 0 0 JEFF GREEN TRUSTEE 2.0 0.0 X 0 0 0 ROBERT HOOVER TRUSTEE (THRU 7/1/2023) 2.0 0.0 X 0 0 0 DAVID HUNT TRUSTEE (THRU 7/1/2023) 2.0 0.0 X 0 0 0 JOSEPH MERLINO TRUSTEE (THRU 7/1/2023) 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 DAVID BEARD TRUSTEE 2.0 0.0 X 0 0 0 STEVE PENDERGRASS TRUSTEE (THRU 1/1/2023) 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 (THRU 1/1/2023) 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 (THRU 4/14/23) 2.0 0.0 X 0 0 0 SHAWN NEHILEY TRUSTEE 2.0 0.0 X 0 0 0 BILL MORROW TRUSTEE (THRU 6/1/2023) 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 James Mahoney TRUSTEE (EFF. 11/1/2023) 2.0 0.0 X 0 0 0 Mark Thomas TRUSTEE (EFF. 9/1/2023) 2.0 0.0 X 0 0 0 Mike O'Sullivan TRUSTEE (EFF. 7/1/2023) 2.0 0.0 X 0 0 0 Isaac Pritchett TRUSTEE (EFF. 7/1/2023) 2.0 0.0 X 0 0 0 Keith Hopper TRUSTEE (EFF. 7/1/2023) 2.0 0.0 X 0 0 0 Vince Bosworth TRUSTEE (EFF. 7/1/2023) 2.0 0.0 X 0 0 0 Chris McClain TRUSTEE 2.0 0.0 X 0 0 0 Jordan Easy TRUSTEE (EFF. 4/1/2023) 2.0 0.0 X 0 0 0 Mark McCormick TRUSTEE 2.0 0.0 X 0 0 0 John Wilson TRUSTEE (EFF. 3/13/2023) 2.0 0.0 X 0 0 0 341451 0 121983 1 false true true IABSORIW 1750 NEW YORK AVE NW WASHINGTON DC 20006 CONTRACT LABOR 5562809 NIEATJUF 1750 New York Ave NW WASHINGTON DC 20006 NTF Funding 4803976 ClickSafetycom Inc 62274 Collections Center Drive CHICAGO IL 60693 Training 1060000 Hilton New Orleans Riverside 2 Poydras St NEW ORLEANS LA 70130 CONFERENCE SERVICES 861505 Alere Toxicology Services Inc PO Box 734577 CHICAGO IL 60673 Drug Testing 790365 5 0 CONTRIBUTIONS 900099 26048893 26048893 26048893 1093897 1093897 0 0 0 0 0 2860000 2258734 601266 601266 601266 0 0 0 0 0 0 0 0 0 0 27744056 26048893 0 1695163 X 0 0 0 2405130 0 0 0 0 0 0 0 71409 80502 0 0 8433 8804479 238864 279374 0 0 272940 0 0 3894979 0 10917807 1932 20547 SUBSTANCE ABUSE TESTING 1520862 LICENSING & SUBSCRIPTIONS 2562296 PROMOTIONAL ITEMS 140928 TRADE SHOWS 71857 31292339 16256091 3384809 0 10317944 0 0 0 0 0 0 0 0 0 0 0 0 0 0 814177 801407 9298 12770 16607185 16145430 0 0 0 0 0 0 0 0 32872574 29860953 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 32872574 29860953 0 0 32872574 29860953 32872574 29860953 X -3548283 752510 -215848 X X false true X false false true false false 554991 547624 7367 173199 167769 5403 85987 85987 0 12770 0 0 X 28272285 752510 -215848 536662 27735623 8433 8433 27744056 31283906 31283906 8433 8433 31292339 PART X, LINE 2 - FIN 48 FOOTNOTE Management evaluates tax positions taken by IMPACT and concluded that as of December 31, 2023 and2022, there are no uncertain tax positions 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 -$215,848 North America 0 2 Program Services TRAINING 764802 0 2 0 2 764802 764802 false false false false false false false false false KEVIN HILTON CHIEF EXECUTIVE OFFICER 303620 0 0 0 37831 0 79886 0 42097 0 463434 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 ACOMMITTEE 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 presented in these financial statements. Leases are also not capitalized in accordance with Accounting Standards Codification Topic 842, Leases ("ASC 842"). The financial statements are not intended to present IMPACT's financial position and activities in conformity with U.S. GAAP. PART XI, LINE 9 CURRENCY EXCHANGE LOSS ($215,848) FORM 990 PART IX LINE 11G DESCRIPTION:GENERAL & ADMIN SERVICES TOTAL FEES:5360928 FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTING TOTAL FEES:3443551