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Filing year 2024

LABORERS' 563 BUILDING CORPORATION

Minneapolis, Minnesota·EIN 23-7161548·501(c)(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 · Part VII & Schedule J · 8 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Business Man
Officer (Unspecified)
$59k
$63k
Fin Sec/trea
Officer (Unspecified)
$57k
$61k
Asst Busines
Highest Compensated Employee
Below 10th percentile
$54k
$58k
Director of
Highest Compensated Employee
Below 10th percentile
$53k
$56k
Business Age
Highest Compensated Employee
Below 10th percentile
$52k
$55k
Business Age
Highest Compensated Employee
Below 10th percentile
$51k
$54k
Business Age
Highest Compensated Employee
Below 10th percentile
$51k
$54k
Fmr Auditor
Board Member
Median to 75th percentile
$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.

Pay for the position

Highest Compensated Employee pay fell 40% from 2023 to 2024, while revenue rose 789%.

$91k in 2023 to $54k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

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.
FAQ

Common questions about LABORERS' 563 BUILDING CORPORATION

What does the Highest Compensated Employee of LABORERS' 563 BUILDING CORPORATION earn?

In 2024, the Highest Compensated Employee of LABORERS' 563 BUILDING CORPORATION received $53,926 in total compensation. This pay is in the bottom 10% for Highest Compensated Employee roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report more. Based on IRS Form 990 data.

How does Highest Compensated Employee pay at LABORERS' 563 BUILDING CORPORATION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Highest Compensated Employee at LABORERS' 563 BUILDING CORPORATION falls in the bottom 10%.

What are LABORERS' 563 BUILDING CORPORATION's revenue and expenses?

In 2024, LABORERS' 563 BUILDING CORPORATION reported $770k in total revenue and $809k in total expenses on its IRS Form 990.

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