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Nonprofiteer
← LABORERS DISTRICT COUNCIL MANAGEMENT COOPERATIVE FUND

Form 990 for tax year 2023

Filed by LABORERS DISTRICT COUNCIL MANAGEMENT COOPERATIVE FUND.

Totals

Total revenue
$4,227,479
Total expenses
$3,150,049
Contributions and grants received
$0
Grants paid
$192,466
Program service revenue
$3,848,162
Investment income
$376,199
Other revenue
$3,118
Total assets, end of year
$17,325,098
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$17,325,098
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 CONTRIBUTIONS

    total $3,848,162 · related or exempt $3,848,162

  • 3 · Investment income

    total $352,641 · excluded $352,641

  • 7a · Gross sales of assets other than inventory

    securities $20,437 · other assets $32,082

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

    securities $15,806 · other assets $13,155

  • 7c · Gain or loss

    securities $4,631 · other assets $18,927

  • 7d · Net gain or loss

    total $23,558 · excluded $23,558

  • 11a · Other revenue: OTHER INCOME

    total $3,118 · excluded $3,118

  • 11e · Other revenue, total

    $3,118

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $192,466

  • 5 · Compensation of officers, directors and key employees

    total $2,083

  • 7 · Other salaries and wages

    total $765,297

  • 8 · Pension plan contributions

    total $447,013

  • 9 · Other employee benefits

    total $228,542

  • 10 · Payroll taxes

    total $60,853

  • 11b · Fees: legal

    total $31,936

  • 11c · Fees: accounting

    total $20,025

  • 11f · Fees: investment management

    total $22,437

  • 11g · Fees: other

    total $60,000

  • 13 · Office expenses

    total $17,531

  • 14 · Information technology

    total $37,089

  • 16 · Occupancy

    total $81,315

  • 17 · Travel

    total $33,670

  • 19 · Conferences, conventions and meetings

    total $5,298

  • 21 · Payments to affiliates

    total $764,394

  • 22 · Depreciation, depletion and amortization

    total $61,683

  • 23 · Insurance

    total $32,377

  • 24a · Other expenses: REIMBURSED SALARY AND B

    total $122,145

  • 24b · Other expenses: COLLECTION FEES

    total $76,963

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $74,012

  • 24d · Other expenses: OTHER FRINGE CONTRIBUTI

    total $12,920

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $312,182 · end of year $136,004

  • 2 · Savings and temporary cash investments

    beginning of year $1,633,672 · end of year $2,432,272

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

    $833,712

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

    $482,862

  • 10c · Land, buildings and equipment, net

    beginning of year $205,184 · end of year $350,850

  • 11 · Investments: publicly traded securities

    beginning of year $9,392,306 · end of year $9,714,553

  • 12 · Investments: other securities

    beginning of year $4,704,324 · end of year $4,691,419

  • 27 · Net assets without donor restrictions

    beginning of year $16,247,668 · end of year $17,325,098

Mission and programs · 2023

Mission

LABOR MANAGEMENT COOPERATIVE

Activities or mission (Part I)

LABOR-MANAGEMENT COOPERATION COMMITTEE

  • TO FOSTER IMPROVED RELATIONS AND COMMUNICATIONS BETWEEN REPRESENTATIVES OF LABOR AND MANAGEMENT.

As filed on the 2023 return.

Listed in Part VII

  • James Connolly

    TRUSTEE

    Total calculated
    $641,226
    From this org
    $0
    From related orgs
    $441,325
    Other
    $199,901
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $406,851 related
    Bonus
    $0
    Other
    $0 + $34,474 related
    Deferred
    $0 + $164,112 related
    Nontaxable benefits
    $0 + $35,789 related
    Filer's total
    $0 + $641,226 related

  • Joseph Healy

    TRUSTEE

    Total calculated
    $632,843
    From this org
    $0
    From related orgs
    $438,920
    Other
    $193,923
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $406,851 related
    Bonus
    $0
    Other
    $0 + $32,069 related
    Deferred
    $0 + $158,134 related
    Nontaxable benefits
    $0 + $35,789 related
    Filer's total
    $0 + $632,843 related

  • Leonel Esparza

    TRUSTEE

    Total calculated
    $32,250
    From this org
    $0
    From related orgs
    $25,000
    Other
    $7,250
    Hours/week
    2 + 2 related

  • Shawn Fitzgerald

    TRUSTEE

    Total calculated
    $32,250
    From this org
    $0
    From related orgs
    $25,000
    Other
    $7,250
    Hours/week
    2 + 2 related

  • Brian Urso

    TRUSTEE

    Total calculated
    $32,250
    From this org
    $0
    From related orgs
    $25,000
    Other
    $7,250
    Hours/week
    2 + 2 related

  • Dexter Ziemann

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Patrick Hosty

    INTERIM EXECUTIVE DIRECTOR

    Total calculated
    $337,364
    From this org
    $2,083
    From related orgs
    $212,625
    Other
    $122,656
    Hours/week
    15 + 25 related

    Schedule J breakdown matched by us

    Base
    $0 + $207,064 related
    Bonus
    $2,083
    Other
    $0 + $5,561 related
    Deferred
    $0 + $87,712 related
    Nontaxable benefits
    $0 + $34,944 related
    Filer's total
    $2,083 + $335,281 related

  • Scott McFedries

    EMPLOYEE

    Total calculated
    $242,892
    From this org
    $134,613
    From related orgs
    $0
    Other
    $108,279
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,173
    Bonus
    $0
    Other
    $2,440
    Deferred
    $72,482
    Nontaxable benefits
    $35,797
    Filer's total
    $242,892

  • Anthony Wallk

    EMPLOYEE

    Total calculated
    $237,154
    From this org
    $129,260
    From related orgs
    $0
    Other
    $107,894
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,193
    Bonus
    $0
    Other
    $2,067
    Deferred
    $72,097
    Nontaxable benefits
    $35,797
    Filer's total
    $237,154

  • Stan Komperda

    EMPLOYEE

    Total calculated
    $239,087
    From this org
    $131,193
    From related orgs
    $0
    Other
    $107,894
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,924
    Bonus
    $0
    Other
    $2,269
    Deferred
    $72,097
    Nontaxable benefits
    $35,797
    Filer's total
    $239,087

  • Jairo Gomez

    EMPLOYEE

    Total calculated
    $240,326
    From this org
    $131,661
    From related orgs
    $0
    Other
    $108,665
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $129,411
    Bonus
    $0
    Other
    $2,250
    Deferred
    $72,868
    Nontaxable benefits
    $35,797
    Filer's total
    $240,326

  • James McConachie

    EMPLOYEE

    Total calculated
    $230,524
    From this org
    $126,137
    From related orgs
    $0
    Other
    $104,387
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $123,979
    Bonus
    $0
    Other
    $2,158
    Deferred
    $69,833
    Nontaxable benefits
    $34,554
    Filer's total
    $230,524

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
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 4B
CONTRIBUTIONS TO SEVERANCE PLAN - FROM RELATED PARTY: JAMES CONNOLLY $14,115 JOSEPH HEALY $8,137

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

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
19 April 2024
IRS schema version
2023v5.0
Source object
202411109349300711

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