Form 990 for tax year 2023
Filed by NEW ENGLAND LABORERS TRAINING TRUST FUND.
Totals
- Total revenue
- $24,116,609
- Total expenses
- $14,698,311
- Contributions and grants received
- $636,629
- Grants paid
- $0
- Program service revenue
- $19,005,710
- Investment income
- $4,340,859
- Other revenue
- $133,411
- Total assets, end of year
- $128,901,604
- Total liabilities, end of year
- $29,487,916
- Net assets or fund balances, end of year
- $99,413,688
- Program services expenses (Part IX)
- $12,114,898
- Management and general expenses
- $2,583,413
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $12,114,898
Program services were 82.4% 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
$636,629
-
1g · Noncash contributions included above
$57,752
-
2a · Program service revenue: EMPLOYERS CONTRIBUTIONS
total $18,541,612 · related or exempt $18,541,612
-
2b · Program service revenue: TRAINING FEES
total $464,098 · related or exempt $464,098
-
3 · Investment income
total $1,073,549 · excluded $1,073,549
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $119,166
-
6c · Rental income or loss
real property $119,166
-
6d · Net rental income or loss
total $119,166 · related or exempt $119,166
-
7a · Gross sales of assets other than inventory
securities $10,278,806
-
7b · Less cost or other basis and sales expenses
securities $7,011,496
-
7c · Gain or loss
securities $3,267,310
-
7d · Net gain or loss
total $3,267,310 · excluded $3,267,310
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: MISCELLANEOUS
total $14,245 · related or exempt $14,245
-
11e · Other revenue, total
$14,245
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $903,541 · management and general $903,541
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $3,264,475 · program services $2,897,185 · management and general $367,290
-
8 · Pension plan contributions
total $2,515,199 · program services $2,186,607 · management and general $328,592
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $297,760 · program services $267,984 · management and general $29,776
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $30,000 · management and general $30,000
-
11c · Fees: accounting
total $86,200 · management and general $86,200
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $40,315 · management and general $40,315
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $113,297 · program services $67,978 · management and general $45,319
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $36,758 · program services $9,189 · management and general $27,569
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $1,071,491 · program services $857,193 · management and general $214,298
-
23 · Insurance
total $315,583 · program services $252,466 · management and general $63,117
-
24a · Other expenses: APPENTICESHIP PROGRAM EXPENSES
total $1,954,692 · program services $1,954,692
-
24b · Other expenses: CAFETERIA
total $1,007,829 · program services $1,007,829
-
24c · Other expenses: BUILDING MAINTENANCE
total $653,557 · program services $522,846 · management and general $130,711
-
24d · Other expenses: TRAINING EXPENSE
total $601,487 · program services $601,487
-
24e · All other expenses
total $1,806,127 · program services $1,489,442 · management and general $316,685
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,725,972 · end of year $2,761,543
-
2 · Savings and temporary cash investments
beginning of year $69,299 · end of year $64,796
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $2,019,966 · end of year $3,632,305
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $59,635 · end of year $65,746
-
10a · Land, buildings and equipment: cost or other basis
$109,329,868
-
10b · Land, buildings and equipment: accumulated depreciation
$28,906,927
-
10c · Land, buildings and equipment, net
beginning of year $56,361,922 · end of year $80,422,941
-
11 · Investments: publicly traded securities
beginning of year $6,328,721 · end of year $6,788,414
-
12 · Investments: other securities
beginning of year $37,700,159 · end of year $34,942,222
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $241,986 · end of year $223,637
-
17 · Accounts payable and accrued expenses
beginning of year $7,173,409 · end of year $9,110,631
-
19 · Deferred revenue
beginning of year $2,217 · end of year $2,217
-
23 · Secured mortgages and notes payable
beginning of year $11,406,452 · end of year $20,215,431
-
25 · Other liabilities
beginning of year $165,497 · end of year $159,637
-
31 · Retained earnings, endowment or other funds
beginning of year $87,760,085 · end of year $99,413,688
Mission and programs · 2023
Mission
TO PROVIDE PREVOCATIONAL, VOCATIONAL AND ADVANCEMENT TRAINING, RETRAINING AND TRAINING OF INDIVIDUALS, AND TO EDUCATE INDIVIDUALS ABOUT SAFETY STANDARDS AND THEIR COLLECTIVE BARGAINING OBLIGATIONS.
-
TRAINING CLASSES - THE ORGANIZATION WAS CREATED TO TRAIN, RETRAIN AND EDUCATE INDIVIDUALS IN THE FIELD OF CONSTRUCTION AS THEIR VOCATION, SAFETY STANDARDS AND THEIR COLLECTIVE BARGAINING OBLIGATIONS. INDIVIDUALS RECEIVE A WEEKLY ALLOWANCE SO THEY MAY DEFRAY LIVING EXPENSES INCURRED WHILE ATTENDING CLASS.
Expenses $12,114,898
As filed on the 2023 return.
Listed in Part VII
-
Joseph SabitoniJOSEPH SABITONI
ADMINISTRATOR
- Total calculated
- $338,645
- From this org
- $221,676
- From related orgs
- $0
- Other
- $116,969
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $221,676
- Bonus
- not reported
- Other
- not reported
- Deferred
- $93,599
- Nontaxable benefits
- $23,370
- Filer's total
- $338,645
-
James Merloni IIIJAMES MERLONI III
TRAINING DIRECTOR
- Total calculated
- $319,340
- From this org
- $202,146
- From related orgs
- $0
- Other
- $117,194
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $202,146
- Bonus
- not reported
- Other
- not reported
- Deferred
- $95,404
- Nontaxable benefits
- $21,790
- Filer's total
- $319,340
-
Joseph CaparcoJOSEPH CAPARCO
TRAINING DIRECTOR
- Total calculated
- $245,556
- From this org
- $149,623
- From related orgs
- $0
- Other
- $95,933
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $149,623
- Bonus
- not reported
- Other
- not reported
- Deferred
- $72,563
- Nontaxable benefits
- $23,370
- Filer's total
- $245,556
-
Gary DisciulloGARY DISCIULLO
COMPTROLLER
- Total calculated
- $221,475
- From this org
- $127,412
- From related orgs
- $0
- Other
- $94,063
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $127,412
- Bonus
- not reported
- Other
- not reported
- Deferred
- $74,055
- Nontaxable benefits
- $20,008
- Filer's total
- $221,475
-
Nicolas PavoneNICOLAS PAVONE
APPRENTICE COORD
- Total calculated
- $217,248
- From this org
- $122,925
- From related orgs
- $0
- Other
- $94,323
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $122,925
- Bonus
- not reported
- Other
- not reported
- Deferred
- $72,533
- Nontaxable benefits
- $21,790
- Filer's total
- $217,248
-
Ajay PathakAJAY PATHAK
INSTRUCTOR
- Total calculated
- $216,488
- From this org
- $122,165
- From related orgs
- $0
- Other
- $94,323
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $122,165
- Bonus
- not reported
- Other
- not reported
- Deferred
- $72,533
- Nontaxable benefits
- $21,790
- Filer's total
- $216,488
-
Joel KubilisJOEL KUBILIS
INSTRUCTOR
- Total calculated
- $216,488
- From this org
- $122,165
- From related orgs
- $0
- Other
- $94,323
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $122,165
- Bonus
- not reported
- Other
- not reported
- Deferred
- $72,533
- Nontaxable benefits
- $21,790
- Filer's total
- $216,488
-
David EldridgeDAVID ELDRIDGE
FACILITIES MANAGER
- Total calculated
- $216,488
- From this org
- $122,165
- From related orgs
- $0
- Other
- $94,323
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $122,165
- Bonus
- not reported
- Other
- not reported
- Deferred
- $72,533
- Nontaxable benefits
- $21,790
- Filer's total
- $216,488
-
Donato A Bianco JrDONATO A BIANCO JR
Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Michael F SabitoniMICHAEL F SABITONI
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Keith R BrothersKEITH R BROTHERS
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Christopher A SabitoniCHRISTOPHER A SABITONI
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Joseph C BonfiglioJOSEPH C BONFIGLIO
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Jack HarneyJACK HARNEY
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
David F RamponeDAVID F RAMPONE
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Michael D'AmbraMICHAEL D'AMBRA
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Rodney G FriasRODNEY G FRIAS
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Thomas S Gunning IIITHOMAS S GUNNING III
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Joseph Vitullo JrJOSEPH VITULLO JR
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Donald J ShubertDONALD J SHUBERT
Trustee
- Total calculated
- $0
- Hours/week
- 2
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
- 1a · First-class or charter travel
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
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)
- Part I, Line 1a: Relevant information in regards to selections on 1a.
- Part III, Additional Information
- FIRST CLASS TRAVELTHE BOARD OF TRUSTEES HAS APPROVED FIRST CLASS TRAVEL FOR MEMBERS OF THE BOARD, TRAINING DIRECTORS AND THE ADMINISTRATOR. MEMBERS OF THE BOARD ARE REIMBURSED FOR TRAVEL EXPENSES AFTER APPROVAL FROM THE ADMINISTRATOR. TRAVEL EXPENSES FOR THE TRAINING DIRECTORS AND ADMINISTRATOR ARE PAID BY THE FUND DIRECTLY. BOTH REIMBURSEMENT AND DIRECT PAYMENT MUST BE SUBSTANTIATED.
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.
-
NEW ENGLAND LABORERS LABOR MANAGEMENT
501(C) 5 · LABOR-MANAGEMENT RELATIONS · RI
Directly controlled by NA
-
NEW ENGLAND LABORERS HEALTH & SAFETY FND
501(C) 5 · PROMOTE AWARENESS OF HEALTH & SAFETY ISSUES · RI
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202441349349301609
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.