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← LABORERS LOCAL NO 91 EDUCATIONAL AND TRAINING FUND

Form 990 for tax year 2023

Filed by LABORERS LOCAL NO 91 EDUCATIONAL AND TRAINING FUND.

Totals

Total revenue
$537,112
Total expenses
$378,893
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$487,525
Investment income
$17,819
Other revenue
$31,768
Total assets, end of year
$1,989,033
Total liabilities, end of year
$10,696
Net assets or fund balances, end of year
$1,978,337
Program services expenses (Part IX)
$290,263
Management and general expenses
$88,630
Fundraising expenses
$0
Program service expenses (Part III)
$290,263

Program services were 76.6% 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: EMPLOYER CONTRIBUTIONS

    total $487,525 · related or exempt $487,525

  • 3 · Investment income

    total $17,819 · related or exempt $17,819

  • 6a · Gross rents

    real property $46,800

  • 6b · Less rental expenses

    real property $15,032

  • 6c · Rental income or loss

    real property $31,768

  • 6d · Net rental income or loss

    total $31,768 · related or exempt $31,768

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $213,034 · program services $191,730 · management and general $21,304

  • 7 · Other salaries and wages

    total $5,556 · program services $5,556

  • 8 · Pension plan contributions

    total $3,490 · program services $3,490

  • 9 · Other employee benefits

    total $3,249 · program services $3,249

  • 10 · Payroll taxes

    total $8,951 · program services $8,105 · management and general $846

  • 11b · Fees: legal

    total $4,561 · management and general $4,561

  • 11c · Fees: accounting

    total $15,350 · management and general $15,350

  • 13 · Office expenses

    total $16,518 · program services $8,339 · management and general $8,179

  • 16 · Occupancy

    total $30,064 · program services $30,064

  • 17 · Travel

    total $1,678 · program services $1,678

  • 21 · Payments to affiliates

    total $3,314 · management and general $3,314

  • 22 · Depreciation, depletion and amortization

    total $24,692 · program services $24,692

  • 23 · Insurance

    total $25,048 · management and general $25,048

  • 24a · Other expenses: CLERICAL

    total $10,028 · management and general $10,028

  • 24b · Other expenses: TRAINING EXPENSE

    total $7,591 · program services $7,591

  • 24c · Other expenses: EQUIPMENT COSTS

    total $3,660 · program services $3,660

  • 24d · Other expenses: CERTIFICATION FEES

    total $2,109 · program services $2,109

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $596,108 · end of year $746,742

  • 2 · Savings and temporary cash investments

    beginning of year $318,239 · end of year $335,925

  • 4 · Accounts receivable

    beginning of year $68,907 · end of year $74,639

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,544 · end of year $10,437

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

    $1,137,527

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

    $419,846

  • 10c · Land, buildings and equipment, net

    beginning of year $735,897 · end of year $717,681

  • 11 · Investments: publicly traded securities

    beginning of year $90,152 · end of year $103,609

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,423 · end of year $10,696

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,808,424 · end of year $1,978,337

Mission and programs · 2023

Mission

TO PROVIDE CONTINUING EDUCATIONAL AND TRAINING CLASSES AND ACTIVITIES TO PROMOTE, REFRESH, AND EXPAND THE SKILLS AND ABILITIES OF LABORERS IN THE CONSTRUCTION INDUSTRY.

  • THE LABORERS TRAINING PROGRAM PROVIDED CLASSROOM INSTRUCTION AND ON THE JOB TRAINING FOR INDIVIDUALS ACCEPTED INTO THE APPRENTICE TRAINING PROGRAM. THE TRAINING PROGRAM ALSO PROVIDED CONTINUING TRAINING FOR JOURNEYMEN MEMBERS.

    Expenses $290,263 · Revenue $487,525

As filed on the 2023 return.

Listed in Part VII

  • Randy Palladino

    ADMINISTRATO

    Total calculated
    $205,957
    From this org
    $99,541
    From related orgs
    $0
    Other
    $106,416
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $99,041
    Bonus
    $500
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $106,416
    Filer's total
    $205,957

  • George Churakos

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • William Grace

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mario Neri

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • H Richard Palladino

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Herbert L Stevenson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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
  • 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

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
2023
Filed
3 October 2024
IRS schema version
2023v5.0
Source object
202402779349301310

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