Form 990 for tax year 2022
Filed by PAINTERS AND ALLIED TRADES LABOR MANAGEMENT COOPERATION FUND.
Totals
- Total revenue
- $8,316,245
- Total expenses
- $9,258,280
- Contributions and grants received
- $0
- Grants paid
- $3,813,279
- Program service revenue
- $7,816,344
- Investment income
- $282,820
- Other revenue
- $217,081
- Total assets, end of year
- $16,097,462
- Total liabilities, end of year
- $1,009,493
- Net assets or fund balances, end of year
- $15,087,969
- 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.
-
2a · Program service revenue: EMPLOYER CONTRIB.
total $7,816,344 · related or exempt $7,816,344
-
3 · Investment income
total $308,062 · excluded $308,062
-
7a · Gross sales of assets other than inventory
securities $4,235,141
-
7b · Less cost or other basis and sales expenses
securities $4,260,383
-
7c · Gain or loss
securities -$25,242
-
7d · Net gain or loss
total -$25,242 · excluded -$25,242
-
11a · Other revenue: ADMINISTRATIVE REIMBURSEMENT
total $130,934 · related or exempt $130,934
-
11b · Other revenue: MISCELLANEOUS INCOME
total $86,147 · excluded $86,147
-
11e · Other revenue, total
$217,081
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $3,813,279
-
5 · Compensation of officers, directors and key employees
total $326,424
-
7 · Other salaries and wages
total $640,518
-
8 · Pension plan contributions
total $166,861
-
9 · Other employee benefits
total $102,475
-
10 · Payroll taxes
total $73,976
-
11b · Fees: legal
total $64,496
-
11c · Fees: accounting
total $126,740
-
11f · Fees: investment management
total $32,567
-
11g · Fees: other
total $753,712
-
13 · Office expenses
total $232,236
-
14 · Information technology
total $163,050
-
16 · Occupancy
total $99,990
-
17 · Travel
total $502,071
-
19 · Conferences, conventions and meetings
total $160,821
-
21 · Payments to affiliates
total $340,943
-
22 · Depreciation, depletion and amortization
total $3,564
-
23 · Insurance
total $56,877
-
24a · Other expenses: TRADE SHOWS
total $637,165
-
24b · Other expenses: FINISHING INDUSTRY FORU
total $440,056
-
24c · Other expenses: MARKET RECOVERY
total $215,921
-
24d · Other expenses: SHARED PERSONNEL COSTS
total $94,626
-
24e · All other expenses
total $209,912
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $500,000 · end of year $250,000
-
2 · Savings and temporary cash investments
beginning of year $2,651,327 · end of year $2,846,676
-
4 · Accounts receivable
beginning of year $1,637,437 · end of year $2,599,882
-
8 · Inventories for sale or use
beginning of year $77,478 · end of year $112,787
-
9 · Prepaid expenses and deferred charges
beginning of year $103,959 · end of year $59,460
-
10a · Land, buildings and equipment: cost or other basis
$106,828
-
10b · Land, buildings and equipment: accumulated depreciation
$99,701
-
10c · Land, buildings and equipment, net
beginning of year $10,691 · end of year $7,127
-
11 · Investments: publicly traded securities
beginning of year $7,185,180 · end of year $7,173,578
-
12 · Investments: other securities
beginning of year $2,591,915 · end of year $2,659,710
-
14 · Intangible assets
end of year $286,521
-
15 · Other assets
beginning of year $772,006 · end of year $101,721
-
17 · Accounts payable and accrued expenses
beginning of year $244,670 · end of year $319,170
-
25 · Other liabilities
beginning of year $617,841 · end of year $690,323
-
29 · Capital stock, trust principal or current funds
beginning of year $14,667,482 · end of year $15,087,969
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $0 · end of year $0
Mission and programs · 2022
Mission
THE ORGANIZATION WAS ESTABLISHED UNDER THE NATIONAL LABOR RELATIONS ACT, SEC. 302(C)(9) AND THE LABOR-MANAGEMENT COOPERATION ACT OF 1974 TO ADVANCE THE COLLECTIVELY-BARGAINED FINISHING INDUSTRIES THROUGH COMMUNICATION, TRUST, AND MUTUAL RESPECT BETWEEN THE INTERNATIONAL UNION OF PAINTERS AND ALLIED TRADES, AFL-CIO (IUPAT), THE FINISHING CONTRACTORS ASSOCIATION, AND THE SIGNATORY EMPLOYERS OF IUPAT. THE ORGANIZATION IS THE: (1) PRIMARY RESOURCE FOR THE LEADER EDUCATION, KNOWLEDGE EXCHANGE, AND NETWORKING THAT IMPROVES THE CAPABILITIES OF THE UNIONIZED FINISHING INDUSTRY'S WORKFORCE. (2) RECOGNIZED LEADER OF A LABOR-MANAGEMENT COOPERATIVE APPROACH TO ADVANCE THE COLLECTIVELY-BARGAINED FINISHING INDUSTRY; AND (3) DRIVING FORCE IN EXPANDING THE COOPERATIVE INITIATIVES TO ADDITIONAL FINISHING INDUSTRY ASSOCIATION AND UNION ENTITIES AT ALL LEVELS.
-
INDUSTRY ADVOCACY - DEVELOPED AND LAUNCHED A COMPREHENSIVE MARKETING AND PROMOTION CAMPAIGN FOCUSED ON ENHANCING IUPAT SIGNATORY CONTRACTORS MARKET SHARE. DEVELOPED AND DEPLOYED A MARKETING CAMPAIGN FOCUSED ON INCREASING THE NUMBER OF CONTRACTORS AND CRAFTWORKERS TAKING PART IN INDUSTRY CERTIFICATIONS AND CONTRACTOR QUALITY MANAGEMENT PROGRAMS DESIGNED TO INCREASE CONTRACTORS COMPETITIVENESS. DEVELOPED AN ONLINE PLATFORM TO DISTRIBUTE NEWLY CREATED BROCHURES AND OTHER MARKETING COLLATERAL. HELD INDUSTRY WORKGROUPS FOCUSED ON TARGETED INDUSTRY ISSUES AND PROBLEM SOLVING, IDENTIFIED BY A COLLABORATIVE EFFORT BETWEEN LABOR AND MANAGEMENT.
-
EDUCATION AND TRAINING - SUPPORTED INDUSTRY ADVANCEMENT PROGRAMS THROUGHOUT NORTH AMERICA FOCUSED AIMED AT INCREASING CONTRACTOR PROFITABILITY AND MARKETSHARE AND CONTRIBUTING TO POSITIVE AND PROGRESSIVE LABOR MANAGEMENT RELATIONSHIPS. AWARDED GRANTS FOCUSED ON INCREASING CONTRACTOR BIDDING AND PERFORMANCE CAPACITY.
-
RESOURCES - REVIEWED COLLECTIVE BARGAINING AGREEMENT GUIDES, AND PROVIDED MUTUAL GAINS BARGAINING SEMINARS AND GUIDES AIMED AT PREPARING FOR AND CONDUCTING NEGOTIATIONS IN A MORE COOPERATIVE AND COLLABORATIVE MANNER. PROVIDED ONLINE RESOURCES FOR RESEARCHING BID OPPORTUNITIES FOR CONTRACTORS. PROVIDED MARKETING AND PROGRAM TOOL KITS FOCUSED ON ASSISTING CONTRACTORS IN OBTAINING NEW WORK IN NEW AND EXISTING MARKETS INCLUDING DEMOUNTABLE PARTITIONS, AND INDUSTRIAL COATINGS WORK, AS WELL AS RECRUITMENT, MENTORING, SUBSTANCE ABUSE DISORDER AND DEATH BY SUICIDE PREVENTION PROGRAMS.
-
CREATED SEVERAL NEW PROGRAMS THAT AFFECT LABOR AND MANAGEMENT INCLUDING RECRUITING AND RETAINING A MORE DIVERSE WORKFORCE, REDUCING THE RATE OF SUICIDE AND SUBSTANCE ABUSE BY MEMBERS WORKING FOR SIGNATORY CONTRACTORS, PROMOTING INDUSTRY CERTIFICATIONS IN CORROSION PREVENTION AND INSPECTION, INDUSTRIAL COATINGS, AND GLAZING. CREATED AND MAINTAINED RELATIONSHIPS WITH OTHER 3RD PARTY ORGANIZATIONS AND PARTICIPATED IN INDUSTRY TRADE-SHOWS AND STANDARDS WRITING WORKSHOPS AND COMMITTEES.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
James A Williams JrJAMES A WILLIAMS JR
CO-CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Aspostolos TsourousASPOSTOLOS TSOUROUS
CO-CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Gregg SmithGREGG SMITH
LABOR TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Paul CanningPAUL CANNING
LABOR TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Charlie MeadowsCHARLIE MEADOWS
LABOR TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mike GutierrezMIKE GUTIERREZ
LABOR TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mark KomaromiMARK KOMAROMI
LABOR TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Shane SmithSHANE SMITH
LABOR TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Todd SpringerTODD SPRINGER
LABOR TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Robert KucheranROBERT KUCHERAN
LABOR TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Penny McDonaldPENNY MCDONALD
MANAGEMENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Chris BagatelosCHRIS BAGATELOS
MANAGEMENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Daniel Joseph DalyDANIEL JOSEPH DALY
MANAGEMENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Fred EpsicopoFRED EPSICOPO
MANAGEMENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Dave JohnsonDAVE JOHNSON
MANAGEMENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Louis LyrasLOUIS LYRAS
MANAGEMENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Kurk RogersKURK ROGERS
MANAGEMENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mark SwitzerMARK SWITZER
MANAGEMENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Terry WebbTERRY WEBB
MANAGEMENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Thomas SteevesTHOMAS STEEVES
MANAGEMENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Jordan PooleJORDAN POOLE
MANAGEMENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Anton RuesingANTON RUESING
EXECUTIVE DIRECTOR
- Total calculated
- $275,372
- From this org
- $230,575
- From related orgs
- $0
- Other
- $44,797
- Hours/week
- 20 + 20 related
Schedule J breakdown matched by us
- Base
- $230,575
- Bonus
- $0
- Other
- $0
- Deferred
- $16,071
- Nontaxable benefits
- $28,726
- Filer's total
- $275,372
-
Timothy StrickerTIMOTHY STRICKER
DIRECTOR
- Total calculated
- $284,064
- From this org
- $252,593
- From related orgs
- $0
- Other
- $31,471
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $252,593
- Bonus
- $0
- Other
- $0
- Deferred
- $16,071
- Nontaxable benefits
- $15,400
- Filer's total
- $284,064
-
Gavin McDonaldGAVIN MCDONALD
MARKETING AND COMMUNICATIO
- Total calculated
- $194,738
- From this org
- $155,953
- From related orgs
- $0
- Other
- $38,785
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $155,953
- Bonus
- $0
- Other
- $0
- Deferred
- $10,059
- Nontaxable benefits
- $28,726
- Filer's total
- $194,738
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
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
-
NEW BUILDING PURCHASE
-
NATIONAL ASSOCIATION NEED INDUSTRY STUDY
-
ATLANTIC CITY BUILDING
-
2021 AGMCC MARKING GRANT, TEST RIG FABRICATION AND OPERATIONAL SUPPORT, 2022 AGMCC MARKING GRANT
-
FSN REPRESENTATIVE
-
TRAINING FACILITY UPGRADES
-
NEW TRAINING FACILITY & FSN LEAD REPRESENTATIVE
-
FINISHING TRADES INSTITUTE NORTHWEST
$207,500
NEW FACILITY IN SALT LAKE CITY & ORANIZING/TRAINING
-
FINISHING TRADES INSTITUTE OF DC 36
$139,071
NEW TRAINING FACILITY
-
DC9 PUERTO RICO ORGANIZER
The 10 largest by cash amount. The API serves every itemized grant.
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.
-
LABOR MANAGEMENT COOPERATION INITIATIVE 401K PLAN
401(A)/501(A) · PENSION FUND · MD
-
IUPAT - FINISHING TRADES INSTITUTE
501(C)(3) · TRAINING FUND · MD
-
FINISHING INDUSTRY LABOR MANAGEMENT PARTNERSHIP
501(C)(5) · LABOR UNION - MANAGEMENT COOPERATIVE · MD
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401369349304100
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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