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Nonprofiteer
← CENTRAL NEW YORK LABORERS TRAINING FUND

Form 990 for tax year 2023

Filed by CENTRAL NEW YORK LABORERS TRAINING FUND.

Totals

Total revenue
$514,534
Total expenses
$272,449
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$451,348
Investment income
$58,941
Other revenue
$4,245
Total assets, end of year
$2,248,066
Total liabilities, end of year
$102,312
Net assets or fund balances, end of year
$2,145,754
Program services expenses (Part IX)
$158,230
Management and general expenses
$114,219
Fundraising expenses
$0
Program service expenses (Part III)
$158,230

Program services were 58.1% 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 CONTRIBUTION

    total $451,348 · related or exempt $451,348

  • 3 · Investment income

    total $61,646 · excluded $61,646

  • 7a · Gross sales of assets other than inventory

    securities $9,956

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

    securities $12,661

  • 7c · Gain or loss

    securities -$2,705

  • 7d · Net gain or loss

    total -$2,705 · excluded -$2,705

  • 11a · Other revenue: INVESTMENT RECOVERY

    total $3,005 · related or exempt $3,005

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $1,240 · related or exempt $1,240

  • 11e · Other revenue, total

    $4,245

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $10,851 · management and general $10,851

  • 9 · Other employee benefits

    total $5,457 · management and general $5,457

  • 10 · Payroll taxes

    total $2,366 · management and general $2,366

  • 11b · Fees: legal

    total $12,493 · management and general $12,493

  • 11c · Fees: accounting

    total $12,000 · management and general $12,000

  • 11f · Fees: investment management

    total $8,143 · management and general $8,143

  • 12 · Advertising and promotion

    total $119 · program services $119

  • 13 · Office expenses

    total $5,173 · management and general $5,173

  • 14 · Information technology

    total $675 · management and general $675

  • 16 · Occupancy

    total $63,996 · program services $63,996

  • 19 · Conferences, conventions and meetings

    total $448 · management and general $448

  • 22 · Depreciation, depletion and amortization

    total $1,812 · management and general $1,812

  • 23 · Insurance

    total $1,032 · management and general $1,032

  • 24a · Other expenses: EDUCATION & TRAINING

    total $83,048 · program services $83,048

  • 24b · Other expenses: BUILDING EXPENSE

    total $50,963 · management and general $50,963

  • 24c · Other expenses: TRAINING CLASS EXPENSE

    total $5,517 · program services $5,517

  • 24d · Other expenses: APPRENTICE COORDINATOR

    total $5,200 · program services $5,200

  • 24e · All other expenses

    total $3,156 · program services $350 · management and general $2,806

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $20,833 · end of year $94,693

  • 4 · Accounts receivable

    beginning of year $35,192 · end of year $65,246

  • 9 · Prepaid expenses and deferred charges

    beginning of year $57,444 · end of year $57,444

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

    $278,715

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

    $73,966

  • 10c · Land, buildings and equipment, net

    beginning of year $23,018 · end of year $204,749

  • 11 · Investments: publicly traded securities

    beginning of year $1,717,717 · end of year $1,746,454

  • 15 · Other assets

    beginning of year $105,028 · end of year $79,480

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,311 · end of year $30,976

  • 25 · Other liabilities

    beginning of year $108,048 · end of year $71,336

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 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 $1,833,873 · end of year $2,145,754

Mission and programs · 2023

Mission

TO PROVIDE TRAINING BENEFITS TO PARTICIPANTS.

Activities or mission (Part I)

PROVIDE TRAINING BENEFITS TO PARTICIPANTS.

  • TRAINING PROGRAMS FOR ASBESTOS REMOVAL, HAZARDOUS MATERIALS AND OTHER JOB RELATED CLASSES.

    Expenses $158,230 · Revenue $455,593

As filed on the 2023 return.

Listed in Part VII

  • Jennifer Solazzo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Earl R Hall

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Beth Bellinger

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Joseph Solazzo III

    TRUSTEE

    Total calculated
    $21,320
    From this org
    $0
    From related orgs
    $21,320
    Other
    $0
    Hours/week
    1 + 40 related
  • Gabriel Rosetti III

    TRUSTEE

    Total calculated
    $124,791
    From this org
    $0
    From related orgs
    $124,791
    Other
    $0
    Hours/week
    1 + 40 related
  • Stephen Compagni

    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.

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
2023
Filed
8 May 2025
IRS schema version
2023v6.0
Source object
202531359349305253

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