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Nonprofit · EIN 34-0225474

LOCAL UNION NO 550 OF THE INTL ASSN OF BRIDGE STR & ORN IRON WORKERS

Also known as LOCAL 550

Tax-exempt · CANTON, OH 44703

Financials

$2.1M$1.6M2023$1.9M$1.4M2024
Revenue Expenses · by fiscal year end
Financials of LOCAL UNION NO 550 OF THE INTL ASSN OF BRIDGE STR & ORN IRON WORKERS by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$1,948,950$1,422,994$525,956$2,982,225$23,681$2,958,544
June 30, 2024990$2,130,959$1,573,475$557,484$2,453,636$18,008$2,435,628
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$1,823,777
Investment income
$125,173
Net gain from sales of assets
$28,228
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$17,400
Compensation of officers, directors and key employees
$298,913
Other salaries and wages
$56,382
Salaries, compensation and benefits (total)
$500,632
Professional fundraising fees
$0
Accounting fees
$12,430
Occupancy
$37,281
Travel
$6,569
Depreciation
$26,424

Balance sheet and other

Total assets, start of year
$2,453,636
Total assets, end of year
$2,982,225
Total liabilities, end of year
$23,681
Net assets, end of year
$2,958,544
Land, buildings and equipment
$174,714
Publicly traded securities
$1,650,170
Net assets without donor restrictions
$2,958,544
Gross receipts
$1,967,600
Employees
7
Volunteers
8
Year formed
1937
State of legal domicile
OH

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, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
SEAN DIEKMANNBUSINESS MANAGER
Trustee or director, Officer
38$67,871$1,144$29,759
SHAWN MCCARTNEYRECORDING SECRETARY
Trustee or director, Officer
1$1,119$89,573$92
GARY FELGENHAUERPRESIDENT
Trustee or director, Officer
38$54,065$0$24,350
THERON HODGEPAST BUSINESS MANAGER
Former
40$40,716$0$17,752
CHAD JORDANVICE PRESIDENT
Trustee or director, Officer
1$2,397$39,225$611
CODY D WILLIAMSEXECUTIVE COMMITTEE
Trustee or director
1$0$0$0
PETER HUNTLEYEXECUTIVE COMMITTEE
Trustee or director
1$0$0$0
NICHOLAS TSAFTARIDESEXECUTIVE COMMITTEE
Trustee or director
1$0$0$0
JOE LIOLIOSEXECUTIVE COMMITTEE
Trustee or director
1$0$0$0
DAVID WAYBLEEXECUTIVE COMMITTEE
Trustee or director
1$0$0$0
JOSH S YAREFFTRUSTEE
Trustee or director
1$0$0$0
JEFFREY L VAUGHNTRUSTEE
Trustee or director
1$0$0$0
JEFF L BROWNTRUSTEE
Trustee or director
1$0$0$0
990 for the year ended June 30, 2024: 13 people
NameTitleHours / weekCompensation
William Sherer IIPast Business Manager
Former
48$97,525
Theron HodgePast Business Manager
Former
1$88,945
Gary CraftPresident
Trustee or director, Officer
40$38,419
Sean DiekmannBusiness Manager
Trustee or director, Officer
0.5$6,682
Gary FelgenhauerExecutive Committee
Trustee or director
0.5$3,128
Joseph LioliosExecutive Committee
Trustee or director
0.5$268
David WaybleExecutive Commitee
Trustee or director
0.5$268
Scott SliderTrustee
Trustee or director
0.5$0
Doug VickersTrustee
Trustee or director
0.5$0
Nicholas TsaftaridesTrustee
Trustee or director
0.5$0
Shawn MccartneyExecutive Committee
Trustee or director
0.5$0
Peter HuntleyExecutive CommitteeConductor
Trustee or director
0.5$0
Chad JordanSergeant-at-Arms
Trustee or director
0.5$0

Address and contacts

Address (IRS master file)
618 HIGH AVE NW, CANTON, OH 44703-2500
In care of
% F IRONWORKERS
Principal officer (990 for 2024)
SEAN DIEKMANN, 618 HIGH AVENUE NW, CANTON, OH 44703
Signed the 990
SEAN DIEKMANN, BUSINESS MANAGER
Phone
(330) 455-5164
Return prepared by
CLIFTONLARSONALLEN LLP

Mission

DEVELOP TRADE SKILLS; CULTIVATE FRIENDSHIP IN THE TRADE; DISTRIBUTE EMPLOYMENT OPPORTUNITIES FAIRLY

990 for the year ended June 30, 2025

Program accomplishments

  • THE OBJECTIVE OF THE INTERNATIONAL ORGANIZATION SHALL BE TO ENCOURAGE AND DEVELOP A HIGH STANDARD OF SKILL, TO CULTIVATE FEELINGS OF FRIENDSHIP AMONG THE CRAFT, AND TO EQUITABLY DISTRIBUTE OPPORTUNITIES OF EMPLOYMENT. THE OBJECTIVE SHALL BE TO SECURE BY LEGAL AND PROPER MEANS PAY COMMENSURATE WITH THE HAZARD, PHYSICAL AND MENTAL TAXATION AND EXHAUSTION AND AVERAGE LIFE ENDURED BY ITS MEMBERS IN PERFORMING SERVICES OF THE TRADE. THE OBJECTIVE SHALL BE TO DISCOURAGE PIECE WORK AND PROMOTE SAFE AND REASONABLE METHODS OF WORK TO CULTIVATE THE MORAL, INTELLECTUAL AND SOCIAL CONDITIONS FOR THE WELL BEING OF ALL ITS MEMBERS, THEIR FAMILIES, & IN THE INTEREST OF CITIZENSHIPS.

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
34-0225474
Tax-exempt status
501(c)(5): Labor, agricultural or horticultural organization
Donations deductible
No
Exempt since
1995
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,982,225
Income (IRS master file)
$1,967,600

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$1,948,950$1,422,994$2,982,225IRS
990June 2024$2,130,959$1,573,475$2,453,636XML
990June 2023$2,091,607$1,726,384$2,057,904IRS
990June 2022–––IRS
990June 2021–––IRS
990June 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 34-0225474).

Questions about LOCAL UNION NO 550 OF THE INTL ASSN OF BRIDGE STR & ORN IRON WORKERS

What is the EIN of LOCAL UNION NO 550 OF THE INTL ASSN OF BRIDGE STR & ORN IRON WORKERS?
The employer identification number (EIN) of LOCAL UNION NO 550 OF THE INTL ASSN OF BRIDGE STR & ORN IRON WORKERS is 34-0225474.
Is LOCAL UNION NO 550 OF THE INTL ASSN OF BRIDGE STR & ORN IRON WORKERS tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(5) since 1995.
Are donations to LOCAL UNION NO 550 OF THE INTL ASSN OF BRIDGE STR & ORN IRON WORKERS tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does LOCAL UNION NO 550 OF THE INTL ASSN OF BRIDGE STR & ORN IRON WORKERS 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 LOCAL UNION NO 550 OF THE INTL ASSN OF BRIDGE STR & ORN IRON WORKERS due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LOCAL UNION NO 550 OF THE INTL ASSN OF BRIDGE STR & ORN IRON WORKERS last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of LOCAL UNION NO 550 OF THE INTL ASSN OF BRIDGE STR & ORN IRON WORKERS?
The 990 for the year ended June 30, 2025 names SEAN DIEKMANN.
Who are the officers and directors of LOCAL UNION NO 550 OF THE INTL ASSN OF BRIDGE STR & ORN IRON WORKERS?
The 990 for the year ended June 30, 2025 lists 13 people; 5 received compensation from the organization, the highest $67,871 (SEAN DIEKMANN, BUSINESS MANAGER).
How much revenue does LOCAL UNION NO 550 OF THE INTL ASSN OF BRIDGE STR & ORN IRON WORKERS have?
On its 990 for the year ended June 30, 2025 it reported revenue of $1,948,950, expenses of $1,422,994 and total assets of $2,982,225 at year end.

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