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← LABORERS LOCAL NO 17 EMPLOYERS COOPERATION AND EDUCATION TRUST

Form 990 for tax year 2023

Filed by LABORERS LOCAL NO 17 EMPLOYERS COOPERATION AND EDUCATION TRUST.

Totals

Total revenue
$1,652,014
Total expenses
$489,372
Contributions and grants received
$0
Grants paid
$2,250
Program service revenue
$1,552,198
Investment income
$83,525
Other revenue
$16,291
Total assets, end of year
$4,075,950
Total liabilities, end of year
$287
Net assets or fund balances, end of year
$4,075,663
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

  • 2a · Program service revenue: MEMBERSHIP DUES & ASSESSMENTS

    total $1,552,198 · related or exempt $1,552,198

  • 3 · Investment income

    total $109,336 · excluded $109,336

  • 7a · Gross sales of assets other than inventory

    securities $1,697,763

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

    securities $1,715,120 · other assets $8,454

  • 7c · Gain or loss

    securities -$17,357 · other assets -$8,454

  • 7d · Net gain or loss

    total -$25,811 · related or exempt -$8,454 · excluded -$17,357

  • 8a · Fundraising events: gross income

    $39,091

  • 8b · Fundraising events: direct expenses

    $22,800

  • 8c · Net income from fundraising events

    total $16,291 · excluded $16,291

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $2,250

  • 4 · Benefits paid to or for members

    total $14,343

  • 7 · Other salaries and wages

    total $31,123

  • 10 · Payroll taxes

    total $3,509

  • 11c · Fees: accounting

    total $15,455

  • 11f · Fees: investment management

    total $14,042

  • 11g · Fees: other

    total $23,130

  • 12 · Advertising and promotion

    total $165,557

  • 13 · Office expenses

    total $27,099

  • 16 · Occupancy

    total $3,408

  • 17 · Travel

    total $3,489

  • 19 · Conferences, conventions and meetings

    total $34,514

  • 21 · Payments to affiliates

    total $131,558

  • 22 · Depreciation, depletion and amortization

    total $2,590

  • 23 · Insurance

    total -$227

  • 24a · Other expenses: LUNCH EXPENSE

    total $17,532

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,654,732 · end of year $1,544,939

  • 2 · Savings and temporary cash investments

    beginning of year $269,743 · end of year $1,041,924

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

    $7,167

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

    $5,850

  • 10c · Land, buildings and equipment, net

    beginning of year $12,361 · end of year $1,317

  • 11 · Investments: publicly traded securities

    beginning of year $976,355 · end of year $1,487,770

  • 17 · Accounts payable and accrued expenses

    beginning of year $170 · end of year $287

  • 27 · Net assets without donor restrictions

    beginning of year $2,913,021 · end of year $4,075,663

Mission and programs · 2023

Mission

TO DEVELOP PROGRAMS, INCLUDING MARKETING, TO EDUCATE AND PROMOTE THE UNION CONSTRUCTION INDUSTRY INCLUDING EMPLOYERS, END USERS, AND THE GENERAL PUBLIC IN THE BUILDING, HEALTH, HIGHWAY AND ENVIRONMENTAL CONSTRUCTION INDUSTRY.

  • TO DEVELOP PROGRAMS TO EDUCATE CONSTRUCTION INDUSTRY EMPLOYEES, EMPLOYERS AND THE GENERAL PUBLIC IN MATTERS RELATING TO ENVIRONMENTAL WORK AND CONSTRUCTION PROJECTS. PROMOTE AND SECURE UNION CONSTRUCTION. INVESTIGATE PREVAILING WAGES.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • L TODD DIORIO

    BOARD CHAIRM

    Total calculated
    $101,531
    From this org
    $0
    From related orgs
    $86,700
    Other
    $14,831
    Hours/week
    1 + 22.5 related

  • JEFFREY T DIORIO

    TRUSTEE

    Total calculated
    $456,186
    From this org
    $0
    From related orgs
    $303,989
    Other
    $152,197
    Hours/week
    1 + 69.5 related

    Schedule J breakdown matched by us

    Base
    not reported + $302,889 related
    Bonus
    not reported
    Other
    not reported + $1,100 related
    Deferred
    not reported + $139,514 related
    Nontaxable benefits
    not reported + $12,683 related
    Filer's total
    not reported + $456,186 related

  • DEAN TAMBURRI

    TRUSTEE

    Total calculated
    $363,596
    From this org
    $0
    From related orgs
    $237,142
    Other
    $126,454
    Hours/week
    1 + 69.5 related

    Schedule J breakdown matched by us

    Base
    not reported + $236,042 related
    Bonus
    not reported
    Other
    not reported + $1,100 related
    Deferred
    not reported + $113,771 related
    Nontaxable benefits
    not reported + $12,683 related
    Filer's total
    not reported + $363,596 related

  • GENARO A ARGENIO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2.5 related

  • JUSTIN DARROW

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2.5 related

  • MICHAEL MASTROPIETRO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2.5 related

  • MICHAEL MARTUCCI

    FUND MANAGER

    Total calculated
    $87,500
    From this org
    $0
    From related orgs
    $87,500
    Other
    $0
    Hours/week
    1 + 40 related

  • SCOTT OLIVER

    TERM ENDED 0

    Total calculated
    $126,501
    From this org
    $0
    From related orgs
    $126,501
    Other
    $0
    Hours/week
    1 + 47 related

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

The filer's explanations (Part III)

SCHEDULE J, PART III
PART I, LINE 3 - RELATED PARTY COMPENSATION METHODS: ALL COMPENSATION PACKAGES ESTABLISHED AND PAID BY A RELATED ORGANIZATION FOR THE CEO/EXECUTIVE DIRECTOR OR THE ORGANIZATION'S TOP MANAGEMENT/FINANCIAL OFFICIAL IS DETERMINED BY APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE OF SUCH RELATED ORGANIZATION.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
29 October 2024
IRS schema version
2023v5.0
Source object
202403109349303365

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