Nonprofit · EIN 23-7161548
LABORERS 563 BUILDING CORPORATION
Tax-exempt · MINNEAPOLIS, MN 55415
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2026 | 990 | $74,439 | $812,002 | -$737,563 | $13,417,662 | $2,901,998 | $10,515,664 |
| June 30, 2025 | 990 | $769,595 | $809,460 | -$39,865 | $14,211,030 | $2,957,803 | $11,253,227 |
| June 30, 2024 | 990 | $86,527 | $338,831 | -$252,304 | $14,276,854 | $2,483,762 | $11,793,092 |
Financial details: 990 for the year ended June 30, 2026
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $102,429
- Investment income
- $368
- Net rental income
- -$51,941
- Other revenue
- -$28,358
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $7,057
- Occupancy
- $347,716
- Depreciation
- $279,531
Balance sheet and other
- Total assets, start of year
- $14,211,030
- Total assets, end of year
- $13,417,662
- Total liabilities, end of year
- $2,901,998
- Net assets, end of year
- $10,515,664
- Land, buildings and equipment
- $13,118,912
- Net assets without donor restrictions
- $10,515,664
- Gross unrelated business income
- $23,583
- Gross receipts
- $135,980
- Employees
- 0
- Year formed
- 1971
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOE FOWLER | BUSINESS MAN Trustee or director, Officer | 1 | $0 | $217,756 | $60,654 |
| DANIEL BRADY | FIN SEC/ TRE Trustee or director, Officer | 1 | $0 | $199,490 | $57,075 |
| KEITH PETERSEN | ASST BUSINES Highest-paid employee | 1 | $0 | $169,416 | $52,217 |
| NICHOLAS SLAVICEK | DIRECTOR OF Highest-paid employee | 1 | $0 | $163,687 | $51,047 |
| STEVEN JOHNSON | METRO DISPAT Highest-paid employee | 1 | $0 | $156,474 | $49,852 |
| STACEY KARELS | MANKATO BUS Highest-paid employee | 1 | $0 | $156,266 | $49,847 |
| LAWRENCE ENGSTROM | BUSINESS AGE Highest-paid employee | 1 | $0 | $155,427 | $49,681 |
| MARK ASHER | PRESIDENT Trustee or director, Officer | 1 | $0 | $8,025 | $0 |
| TODD MUTCH | FMR RECORDIN Trustee or director, Officer | 1 | $0 | $6,119 | $0 |
| GWEN COOK | BOARD MEMBER Trustee or director | 1 | $0 | $6,006 | $0 |
| OCTAVIO CHUNG | RECORDING SE Trustee or director, Officer | 1 | $0 | $5,450 | $0 |
| DEAN MILLS | VICE PRESIDE Trustee or director, Officer | 1 | $0 | $5,350 | $0 |
| KRIS KLEIN | SERGEANT-AT- Trustee or director, Officer | 1 | $0 | $2,400 | $0 |
| JOHN KAPPEDAHL-O'BRIEN | AUDITOR Trustee or director | 0.5 | $0 | $1,976 | $0 |
| CARLY WORDELMAN | BOARD MEMBER Trustee or director | 1 | $0 | $1,225 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| CAROLYN WOOD | AUDITOR Trustee or director | 0.5 | $0 | $800 |
| SEAMUS MCDEVITT | AUDITOR Trustee or director | 0.5 | $0 | $267 |
990 for the year ended June 30, 2025: 18 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOE FOWLER | BUSINESS MAN Trustee or director, Officer | 1 | $0 | $195,979 | $59,225 |
| DANIEL BRADY | FIN SEC/TREA Trustee or director, Officer | 1 | $0 | $185,068 | $57,405 |
| KEITH PETERSEN | ASST BUSINES Highest-paid employee | 1 | $0 | $163,793 | $53,926 |
| NICHOLAS SLAVICEK | DIRECTOR OF Highest-paid employee | 1 | $0 | $156,773 | $52,949 |
| STACEY KARELS | BUSINESS AGE Highest-paid employee | 1 | $0 | $149,805 | $51,802 |
| TROY COX | BUSINESS AGE Highest-paid employee | 1 | $0 | $146,330 | $51,072 |
| TODD SORTER | BUSINESS AGE Highest-paid employee | 1 | $0 | $145,861 | $51,036 |
| KORY KREAGER | FMR AUDITOR Trustee or director | 0.5 | $0 | $62,805 | $42,084 |
| MARK ASHER | PRESIDENT Trustee or director, Officer | 1 | $0 | $4,900 | $0 |
| DEAN MILLS | VICE PRESIDE Trustee or director, Officer | 1 | $0 | $4,675 | $0 |
| TODD MUTCH | RECORDING SE Trustee or director, Officer | 1 | $0 | $4,675 | $0 |
| OCTAVIO CHUNG | BOARD MEMBER Trustee or director | 1 | $0 | $4,400 | $0 |
| LAURIE JOHNSON | FMR PRESIDEN Trustee or director, Officer | 1 | $0 | $3,000 | $0 |
| GWEN COOK | BOARD MEMBER Trustee or director | 1 | $0 | $2,600 | $0 |
| CAROLYN WOOD | AUDITOR Trustee or director | 0.5 | $0 | $2,463 | $0 |
| KRIS KLEIN | SERGEANT-AT- Trustee or director, Officer | 1 | $0 | $2,200 | $0 |
| JOHN KAPPEDAHL-O'BRIEN | AUDITOR Trustee or director | 0.5 | $0 | $935 | $0 |
| CARLY WORDELMAN | AUDITOR Trustee or director | 0.5 | $0 | $800 | $0 |
990 for the year ended June 30, 2024: 16 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOE FOWLER | BUSINESS MAN Trustee or director, Officer | 1 | $0 | $196,734 | $104,346 |
| DANIEL BRADY | FIN SEC/TREA Trustee or director, Officer | 1 | $0 | $184,258 | $99,948 |
| KEITH PETERSON | ASST BUSINES Highest-paid employee | 1 | $0 | $159,919 | $90,611 |
| NICHOLAS SLAVICEK | BUSINESS AGE Highest-paid employee | 1 | $0 | $154,452 | $88,611 |
| STACEY KARELS | BUSINESS AGE Highest-paid employee | 1 | $0 | $148,120 | $86,548 |
| STEVE ZUPON | BUSINESS AGE Highest-paid employee | 1 | $0 | $147,717 | $86,586 |
| STERLING SANDERS | JOB DISPATCH Highest-paid employee | 1 | $0 | $147,721 | $86,468 |
| LAURIE JOHNSON | PRESIDENT Trustee or director, Officer | 1 | $0 | $6,500 | $0 |
| DEAN MILLS | VICE PRESIDE Trustee or director, Officer | 1 | $0 | $5,525 | $0 |
| TODD MUTCH | RECORDING SE Trustee or director, Officer | 1 | $0 | $5,525 | $0 |
| MARK ASHER | BOARD MEMBER Trustee or director | 1 | $0 | $5,200 | $0 |
| OCTAVIO CHUNG | BOARD MEMBER Trustee or director | 1 | $0 | $5,200 | $0 |
| KORY KREAGER | AUDITOR Trustee or director | 0.5 | $0 | $3,188 | $0 |
| GWENDOLYN COOK | AUDITOR Trustee or director | 0.5 | $0 | $2,997 | $0 |
| CARLY WORDELMAN | AUDITOR Trustee or director | 0.5 | $0 | $2,604 | $0 |
| KRIS KLEIN | SERGEANT-AT- Trustee or director, Officer | 1 | $0 | $2,600 | $0 |
Address and contacts
- Address (IRS master file)
- 620 12TH AVE S, MINNEAPOLIS, MN 55415-1716
- Principal officer (990 for 2025)
- DANIEL BRADY, 620 12TH AVE SOUTH, MINNEAPOLIS, MN 55415
- Signed the 990
- DANIEL BRADY, FIN SEC/ TREASURER
- Phone
- (612) 781-6933
- Website
- WWW.LOCAL563.ORG
- Return prepared by
- LEWIS KISCH & ASSOCIATES LTD
Mission
THE BUILDING CORPORATION OWNS THE BUILDING WHICH IS THE HEADQUARTERS FOR LOCAL UNION 563, WHOSE PURPOSE IS TO SUPPORT WORKERS FOR THE ECONOMIC, MORAL AND SOCIAL ADVANCEMENT OF THEIR CONDITION AND STATUS.
Program accomplishments
- TO OWN AND OPERATE THE BUILDING FOR LOCAL 563 - A UNION WHOSE PURPOSE IS TO SUPPORT WORKERS FOR THE ECONOMIC, MORAL AND SOCIAL ADVANCEMENT OF THEIR CONDITION AND STATUS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | 990 on file |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7161548
- Tax-exempt status
- 501(c)(2): Title-holding corporation
- Donations deductible
- No
- Exempt since
- 1972
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $13,417,662
- Income (IRS master file)
- $135,980
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2026 | $74,439 | $812,002 | $13,417,662 | XML |
| 990 | June 2025 | $769,595 | $809,460 | $14,211,030 | XML |
| 990 | June 2024 | $86,527 | $338,831 | $14,276,854 | XML |
| 990 | June 2023 | $95,962 | $337,859 | $5,385,326 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7161548).
Questions about LABORERS 563 BUILDING CORPORATION
- What is the EIN of LABORERS 563 BUILDING CORPORATION?
- The employer identification number (EIN) of LABORERS 563 BUILDING CORPORATION is 23-7161548.
- Is LABORERS 563 BUILDING CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(2) since 1972.
- Are donations to LABORERS 563 BUILDING CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LABORERS 563 BUILDING CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LABORERS 563 BUILDING CORPORATION due?
- The return for tax year 2026 (the year ending June 30, 2027) is due November 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LABORERS 563 BUILDING CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2026.
- Who is the principal officer of LABORERS 563 BUILDING CORPORATION?
- The 990 for the year ended June 30, 2026 names DANIEL BRADY.
- Who are the officers and directors of LABORERS 563 BUILDING CORPORATION?
- The 990 for the year ended June 30, 2026 lists 17 people; 0 received compensation from the organization.
- How much revenue does LABORERS 563 BUILDING CORPORATION have?
- On its 990 for the year ended June 30, 2026 it reported revenue of $74,439, expenses of $812,002 and total assets of $13,417,662 at year end.
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