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Filing year 2024

LABORERS' 563 BUILDING CORPORATION

Minneapolis, Minnesota·EIN 23-7161548·2
Total revenue
$770k
Total assets
$14.2M
Total expenses
$809k
Reported officers
18
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.

Executive compensation

Form 990 · Schedule J · 8 reported individuals · Filing year 2024

Business Man
officer (unspecified)
$59k
$63k
Fin Sec/trea
officer (unspecified)
$57k
$61k
Asst Busines
highest compensated employee
$54k
$58k
Director of
highest compensated employee
$53k
$56k
Business Age
highest compensated employee
$52k
$55k
Business Age
highest compensated employee
$51k
$54k
Business Age
highest compensated employee
$51k
$54k
Fmr Auditor
board member
$42k
$45k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 10 unpaid individuals.

Down 43%
from 2023

From $104k in 2023 to $59k in 2024.

$104k
2023
$59k
2024
In today's dollarsEst.
Down 45% in real terms$114k to $63k

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

LABORERS' 563 BUILDING CORPORATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$87k
$339k
2023
$770k
$809k
2024
Total revenue and total expenses from IRS Form 990 filings.
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