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← NECA-IBEW 701 LABOR MANAGEMENT COOPERATION COMMITTEE

Form 990 for tax year 2024

Filed by NECA-IBEW 701 LABOR MANAGEMENT COOPERATION COMMITTEE.

Totals

Total revenue
$634,738
Total expenses
$625,914
Contributions and grants received
$20,000
Grants paid
$21,319
Program service revenue
$578,140
Investment income
$36,598
Other revenue
$0
Total assets, end of year
$1,645,000
Total liabilities, end of year
$16,752
Net assets or fund balances, end of year
$1,628,248
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $20,000

  • 2a · Program service revenue: CONTRACTOR CONTRIB

    total $578,140 · related or exempt $578,140

  • 3 · Investment income

    total $36,598 · excluded $36,598

  • 7a · Gross sales of assets other than inventory

    securities $158,673

  • 7b · Less cost or other basis and sales expenses

    securities $158,673

  • 7c · Gain or loss

    securities $0

  • 7d · Net gain or loss

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $11,787

  • 2 · Grants to domestic individuals

    total $9,532

  • 5 · Compensation of officers, directors and key employees

    total $2,318

  • 7 · Other salaries and wages

    total $211,301

  • 8 · Pension plan contributions

    total $22,352

  • 9 · Other employee benefits

    total $44,106

  • 10 · Payroll taxes

    total $16,591

  • 11c · Fees: accounting

    total $10,000

  • 11f · Fees: investment management

    total $12,587

  • 12 · Advertising and promotion

    total $40,984

  • 13 · Office expenses

    total $34,442

  • 16 · Occupancy

    total $47,878

  • 17 · Travel

    total $1,139

  • 19 · Conferences, conventions and meetings

    total $14,477

  • 21 · Payments to affiliates

    total $41,287

  • 22 · Depreciation, depletion and amortization

    total $5,439

  • 23 · Insurance

    total $18,057

  • 24a · Other expenses: LAB FEES

    total $48,705

  • 24b · Other expenses: Training Development

    total $27,385

  • 24c · Other expenses: INCENTIVE PROGRAM

    total $3,719

  • 24d · Other expenses: UCC FILING FEE

    total $1,428

  • 24e · All other expenses

    total $400

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $214,922 · end of year $190,237

  • 2 · Savings and temporary cash investments

    beginning of year $117,453 · end of year $119,728

  • 4 · Accounts receivable

    beginning of year $41,517 · end of year $39,940

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,959 · end of year $9,192

  • 10a · Land, buildings and equipment: cost or other basis

    $78,204

  • 10b · Land, buildings and equipment: accumulated depreciation

    $77,144

  • 10c · Land, buildings and equipment, net

    beginning of year $6,499 · end of year $1,060

  • 11 · Investments: publicly traded securities

    beginning of year $1,201,199 · end of year $1,284,843

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,940 · end of year $16,752

  • 19 · Deferred revenue

    beginning of year $20,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,554,609 · end of year $1,628,248

Mission and programs · 2024

Mission

FURTHER LABOR-MGMT COOPERATION

Activities or mission (Part I)

FURTHER LABOR-MANAGEMENT COOPERATION

  • THE LMCC WAS ESTABLISHED TO PROVIDE FINANCIAL AND OTHER SUPPORT FOR NECA-IBEW LCL 701 PROGRAMS. IT PROMOTES AND IMPROVES COMMUNICATION BETWEEN LABOR & MANAGEMENT THROUGH THE ENHANCEMENT OF WORKER INVOLVEMENT IN MAKING DECISIONS THAT AFFECT THEIR WORKING LIVES.

As filed on the 2024 return.

Listed in Part VII

  • Tony Giunti

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Lee Cerny

    DIRECTOR

    Total calculated
    $1,190
    From this org
    $608
    From related orgs
    $0
    Other
    $582
    Hours/week
    3

  • Peter Cattaneo Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Ken Bronski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • James Nichols

    DIRECTOR

    Total calculated
    $1,128
    From this org
    $577
    From related orgs
    $0
    Other
    $551
    Hours/week
    3

  • Kelly Lestina

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Karyn Charvat

    EXECUTIVE DIRECTOR

    Total calculated
    $153,458
    From this org
    $123,052
    From related orgs
    $0
    Other
    $30,406
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $123,052
    Bonus
    $0
    Other
    $0
    Deferred
    $6,630
    Nontaxable benefits
    $23,776
    Filer's total
    $153,458

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
16 March 2026
IRS schema version
2024v5.5
Source object
202640759349300339

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