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Nonprofiteer
← BUFFALO LABORERS TRAINING FUND

Form 990 for tax year 2023

Filed by BUFFALO LABORERS TRAINING FUND.

Totals

Total revenue
$842,567
Total expenses
$843,576
Contributions and grants received
$57,025
Grants paid
$0
Program service revenue
$755,605
Investment income
$29,937
Other revenue
$0
Total assets, end of year
$1,050,843
Total liabilities, end of year
$11,587
Net assets or fund balances, end of year
$1,039,256
Program services expenses (Part IX)
$576,285
Management and general expenses
$267,291
Fundraising expenses
$0
Program service expenses (Part III)
$576,285

Program services were 68.3% 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.

  • 1f · All other contributions, gifts and grants

    $57,025

  • 2a · Program service revenue: EMPLOYER CONTRIBUTIONS

    total $754,171 · related or exempt $754,171

  • 2b · Program service revenue: PENALTY AND LATE FEES

    total $1,434 · related or exempt $1,434

  • 3 · Investment income

    total $29,937 · excluded $29,937

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $200,867 · program services $122,250 · management and general $78,617

  • 7 · Other salaries and wages

    total $170,498 · program services $148,889 · management and general $21,609

  • 8 · Pension plan contributions

    total $113,204 · program services $110,793 · management and general $2,411

  • 9 · Other employee benefits

    total $51,882 · program services $50,516 · management and general $1,366

  • 10 · Payroll taxes

    total $23,045 · program services $17,967 · management and general $5,078

  • 11b · Fees: legal

    total $29,666 · management and general $29,666

  • 11c · Fees: accounting

    total $62,329 · management and general $62,329

  • 12 · Advertising and promotion

    total $1,475 · program services $1,475

  • 13 · Office expenses

    total $17,202 · management and general $17,202

  • 14 · Information technology

    total $20,228 · management and general $20,228

  • 16 · Occupancy

    total $38,170 · program services $33,327 · management and general $4,843

  • 17 · Travel

    total $2,289 · program services $2,289

  • 19 · Conferences, conventions and meetings

    total $9,206 · program services $8,889 · management and general $317

  • 21 · Payments to affiliates

    total $18,720 · program services $18,720

  • 22 · Depreciation, depletion and amortization

    total $13,576 · program services $13,576

  • 23 · Insurance

    total $20,325 · management and general $20,325

  • 24a · Other expenses: PARTICIPANT TRAINING SU

    total $37,959 · program services $37,959

  • 24e · All other expenses

    total $12,935 · program services $9,635 · management and general $3,300

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $12,678 · end of year $9,270

  • 2 · Savings and temporary cash investments

    beginning of year $16,860 · end of year $14,809

  • 4 · Accounts receivable

    beginning of year $119,000 · end of year $105,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,739 · end of year $21,150

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

    $871,301

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

    $782,539

  • 10c · Land, buildings and equipment, net

    beginning of year $97,999 · end of year $88,762

  • 11 · Investments: publicly traded securities

    beginning of year $771,475 · end of year $811,852

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,840 · end of year $11,587

  • 27 · Net assets without donor restrictions

    beginning of year $1,027,911 · end of year $1,039,256

Mission and programs · 2023

Mission

THE TRAINING FUND OFFERED TRAINING TO APPROXIMATELY 700 PARTICIPANTS. TRAINING INCLUDED HAZARDOUS WASTE REMOVAL, ASBESTOS REMOVAL, CPR, OSHA 10 AND OSHA 30 COURSES, HOISTING AND RIGGING AND OTHER TRAINING PERTAINING TO THE LABORERS FIELD IN CONSTRUCTION AND HEAVY HIGHWAY. PARTICIPANTS RECEIVED VARIOUS CERTIFICATION FROM DEPARTMENT OF LABOR AND NYS HEALTH DEPARTMENT AFTER SUCCESSFULLY TAKING THE CLASS AND PASSING ANY EXAMS ADMINISTERED.

Activities or mission (Part I)

TO PROVIDE FORMAL VOCATIONAL INSTRUCTION TO ALL LABORERS INCLUDING APPRENTICES EMPLOYED BY SIGNATORY CONTRACTORS THAT CONTRIBUTE TO THE BUFFALO LABORERS' TRAINING FUND.

  • THE TRAINING FUND OFFERED TRAINING TO APPROXIMATELY 700 PARTICIPANTS. TRAINING INCLUDED HAZARDOUS WASTE REMOVAL, ASBESTOS REMOVAL, CPR, OSHA 10 AND OSHA 30 COURSES, HOISTING AND RIGGING AND OTHER TRAINING PERTAINING TO THE LABORERS FIELD IN CONSTRUCTION AND HEAVY HIGHWAY. PARTICIPANTS RECEIVED VARIOUS CERTIFICATION FROM DEPARTMENT OF LABOR AND NYS HEALTH DEPARTMENT AFTER SUCCESSFULLY TAKING THE CLASS AND PASSING ANY EXAMS ADMINISTERED.

    Expenses $576,285 · Revenue $755,605

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

Listed in Part VII

  • Peter Capitano

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Samuel Capitano

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • James C Logan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • John Massaro

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Nicholaus Osinski

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Charles Paladino

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Gregory Schober

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Matt Squires

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Thomas L Panek

    FUND ADMINISTRATOR THROUGH 6.30.24

    Total calculated
    $196,464
    From this org
    $0
    From related orgs
    $139,946
    Other
    $56,518
    Hours/week
    6 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $139,946 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $26,308 related
    Nontaxable benefits
    $0 + $30,210 related
    Filer's total
    $0 + $196,464 related

  • Gary Kubik

    DIRECTOR OF TRAINING

    Total calculated
    $195,602
    From this org
    $106,354
    From related orgs
    $0
    Other
    $89,248
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $106,354
    Bonus
    $0
    Other
    $0
    Deferred
    $63,808
    Nontaxable benefits
    $25,440
    Filer's total
    $195,602

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

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3:
THE BOARD OF TRUSTEES MET WITH COUNSEL AND CPA TO DISCUSS INITIAL AMOUNT OF COMPENSATION IN SIMILAR ORGANIZATIONS ALONG WITH THE PERFORMANCE OF EMPLOYEES AND ADJUST COMPENSATION ACCORDINGLY.

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.

  • BUFFALO LABORERS' WELFARE FUND

    501(C)(9) · ADMINISTRATION OF BENEFIT FUNDS · NY

  • BUFFALO LABORERS' PENSION FUND

    501(A) · ADMINSITRATION OF PENSION FUND · NY

  • BUFFALO LABORERS' SECURITY FUND

    501(A) · ADMINISTRATION OF LABORERS PENSION · NY

Provenance

Return type
form_990
Tax year
2023
Filed
9 May 2025
IRS schema version
2023v6.0
Source object
202531349349301813

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