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← BUFFALO LABORERS TRAINING FUND

Form 990 for tax year 2022

Filed by BUFFALO LABORERS TRAINING FUND.

What the amendment changed

Compared with the return it replaced , filed 21 October 2023. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Both are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$782,339
Total expenses
$795,039
Contributions and grants received
$64,700
Grants paid
$0
Program service revenue
$694,129
Investment income
$20,783
Other revenue
$2,727
Total assets, end of year
$1,035,751
Total liabilities, end of year
$7,840
Net assets or fund balances, end of year
$1,027,911
Program services expenses (Part IX)
$537,165
Management and general expenses
$257,874
Fundraising expenses
$0
Program service expenses (Part III)
$537,165

Program services were 67.6% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $64,700

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: EMPLOYER CONTRIBUTIONS

    total $691,750 · related or exempt $691,750 · unrelated business $0 · excluded $0

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

    total $2,379 · related or exempt $2,379 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $20,783 · related or exempt $0 · unrelated business $0 · excluded $20,783

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11a · Other revenue: REFUNDS AND REIMBURSEMENTS

    total $2,727 · related or exempt $2,727 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $2,727

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $185,727 · program services $124,066 · management and general $61,661 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $164,507 · program services $143,987 · management and general $20,520 · fundraising $0

  • 8 · Pension plan contributions

    total $110,333 · program services $87,853 · management and general $22,480 · fundraising $0

  • 9 · Other employee benefits

    total $51,088 · program services $41,124 · management and general $9,964 · fundraising $0

  • 10 · Payroll taxes

    total $22,283 · program services $17,100 · management and general $5,183 · fundraising $0

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $30,765 · program services $0 · management and general $30,765 · fundraising $0

  • 11c · Fees: accounting

    total $55,718 · program services $0 · management and general $55,718 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $1,402 · program services $1,402 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $16,329 · program services $0 · management and general $16,329 · fundraising $0

  • 14 · Information technology

    total $8,609 · program services $0 · management and general $8,609 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $29,799 · program services $24,953 · management and general $4,846 · fundraising $0

  • 17 · Travel

    total $824 · program services $824 · management and general $0 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $3,864 · program services $3,538 · management and general $326 · fundraising $0

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $13,480 · program services $13,480 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $13,795 · program services $13,795 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $20,473 · program services $0 · management and general $20,473 · fundraising $0

  • 24a · Other expenses: PARTICIPANTS LICENSE REIMBURSEMENT

    total $6,425 · program services $6,425 · management and general $0 · fundraising $0

  • 24b · Other expenses: PARTICIPANTS TRAINING SUPPLIES, FOOD ETC

    total $48,993 · program services $48,993 · management and general $0 · fundraising $0

  • 24c · Other expenses: PARTICIPANTS HAZARDOUS WASTE PHYSICALS

    total $9,625 · program services $9,625 · management and general $0 · fundraising $0

  • 24d · Other expenses: BAD DEBT EXPENSE - EMPLOYERS

    total $1,000 · program services $0 · management and general $1,000 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,600 · end of year $12,678

  • 2 · Savings and temporary cash investments

    beginning of year $69,664 · end of year $16,860

  • 3 · Pledges and grants receivable

    beginning of year $0

  • 4 · Accounts receivable

    beginning of year $102,000 · end of year $119,000

  • 5 · Loans and receivables from officers and key people

    beginning of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0

  • 8 · Inventories for sale or use

    beginning of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $18,770 · end of year $17,739

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

    $874,244

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

    $776,245

  • 10c · Land, buildings and equipment, net

    beginning of year $107,847 · end of year $97,999

  • 11 · Investments: publicly traded securities

    beginning of year $770,246 · end of year $771,475

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,125 · end of year $7,840

  • 27 · Net assets without donor restrictions

    beginning of year $1,060,002 · end of year $1,027,911

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

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 BUILDING 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 $537,165 · Revenue $696,856

As filed on the 2022 return.

Listed in Part VII

  • THOMAS L PANEK

    FUND ADMINISTRATOR

    Total calculated
    $186,515
    From this org
    $0
    From related orgs
    $133,400
    Other
    $53,115
    Hours/week
    6 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $133,400 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $22,905 related
    Nontaxable benefits
    $0 + $30,210 related
    Filer's total
    $0 + $186,515 related

  • GARY KUBIK

    DIRECTOR OF TRAINING

    Total calculated
    $178,950
    From this org
    $94,749
    From related orgs
    $0
    Other
    $84,201
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $94,749
    Bonus
    $0
    Other
    $0
    Deferred
    $59,291
    Nontaxable benefits
    $24,910
    Filer's total
    $178,950

  • 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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
21 October 2023
IRS schema version
2022v5.0
Source object
202323209349302042

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