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← NECA-IBEW 701 LABOR MANAGEMENT COOPERATION COMMITTEE

Form 990 for tax year 2023

Filed by NECA-IBEW 701 LABOR MANAGEMENT COOPERATION COMMITTEE.

Totals

Total revenue
$646,582
Total expenses
$751,614
Contributions and grants received
$0
Grants paid
$21,343
Program service revenue
$606,796
Investment income
$39,786
Other revenue
$0
Total assets, end of year
$1,590,549
Total liabilities, end of year
$35,940
Net assets or fund balances, end of year
$1,554,609
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: CONTRACTOR CONTRIB

    total $606,796 · related or exempt $606,796

  • 3 · Investment income

    total $39,786 · excluded $39,786

  • 7a · Gross sales of assets other than inventory

    securities $239,101

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

    securities $239,101

  • 7c · Gain or loss

    securities $0

  • 7d · Net gain or loss

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $11,313

  • 2 · Grants to domestic individuals

    total $10,030

  • 4 · Benefits paid to or for members

    total $140,518

  • 5 · Compensation of officers, directors and key employees

    total $1,632

  • 7 · Other salaries and wages

    total $204,707

  • 8 · Pension plan contributions

    total $19,837

  • 9 · Other employee benefits

    total $47,605

  • 10 · Payroll taxes

    total $16,078

  • 11b · Fees: legal

    total $4,713

  • 11c · Fees: accounting

    total $10,000

  • 11f · Fees: investment management

    total $11,395

  • 12 · Advertising and promotion

    total $19,060

  • 13 · Office expenses

    total $35,119

  • 16 · Occupancy

    total $43,888

  • 17 · Travel

    total $1,298

  • 19 · Conferences, conventions and meetings

    total $15,734

  • 21 · Payments to affiliates

    total $42,958

  • 22 · Depreciation, depletion and amortization

    total $6,596

  • 23 · Insurance

    total $12,924

  • 24a · Other expenses: LAB FEES

    total $56,252

  • 24b · Other expenses: Training Development

    total $29,575

  • 24c · Other expenses: UCC FILING FEE

    total $6,552

  • 24d · Other expenses: INCENTIVE PROGRAM

    total $3,480

  • 24e · All other expenses

    total $350

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $230,180 · end of year $214,922

  • 2 · Savings and temporary cash investments

    beginning of year $375,927 · end of year $117,453

  • 4 · Accounts receivable

    beginning of year $42,747 · end of year $41,517

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,742 · end of year $8,959

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

    $78,204

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

    $71,705

  • 10c · Land, buildings and equipment, net

    beginning of year $13,096 · end of year $6,499

  • 11 · Investments: publicly traded securities

    beginning of year $893,722 · end of year $1,201,199

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,616 · end of year $15,940

  • 19 · Deferred revenue

    end of year $20,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,552,798 · end of year $1,554,609

Mission and programs · 2023

Mission

FURTHER LABOR-MGMT COOPERATION

Activities or mission (Part I)

FURTHER LABOR-MANAGEMENT COOPERATION

  • THE LMCC WAS ESTABLISHED TO PROVIDE FINANCIAL AND OTHER SUPPORT FOR NECA-IBEW LCL 701 PROGRAMS. IT PROMOTES AND IMPROVES COMMUNICATION BETWEEN LABOR & MANAGEMENT THROUGH THE ENHANCEMENT OF WORKER INVOLVEMENT IN MAKING DECISIONS THAT AFFECT THEIR WORKING LIVES.

As filed on the 2023 return.

Listed in Part VII

  • Tony Ginuti

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Robert Klco

    former director

    Total calculated
    $0
    Hours/week
    3

  • Lee Cerny

    DIRECTOR

    Total calculated
    $816
    From this org
    $414
    From related orgs
    $0
    Other
    $402
    Hours/week
    3

  • Peter Cattaneo Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Ken Bronski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • James Nichols

    DIRECTOR

    Total calculated
    $816
    From this org
    $414
    From related orgs
    $0
    Other
    $402
    Hours/week
    3

  • Karyn Charvat

    EXECUTIVE DIRECTOR

    Total calculated
    $134,542
    From this org
    $106,945
    From related orgs
    $0
    Other
    $27,597
    Hours/week
    40

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.

Provenance

Return type
form_990
Tax year
2023
Filed
24 February 2025
IRS schema version
2023v6.0
Source object
202500559349301275

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