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Nonprofiteer
← LABORERS DISTRICT COUNCIL MANAGEMENT COOPERATIVE FUND

Form 990 for tax year 2022

Filed by LABORERS DISTRICT COUNCIL MANAGEMENT COOPERATIVE FUND.

Totals

Total revenue
$3,764,991
Total expenses
$3,117,609
Contributions and grants received
$0
Grants paid
$64,320
Program service revenue
$3,493,035
Investment income
$269,791
Other revenue
$2,165
Total assets, end of year
$16,247,668
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$16,247,668
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 $3,493,035 · related or exempt $3,493,035

  • 3 · Investment income

    total $263,759 · excluded $263,759

  • 7a · Gross sales of assets other than inventory

    securities $22,498

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

    securities $16,466

  • 7c · Gain or loss

    securities $6,032

  • 7d · Net gain or loss

    total $6,032 · excluded $6,032

  • 11a · Other revenue: OTHER INCOME

    total $2,165 · excluded $2,165

  • 11e · Other revenue, total

    $2,165

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $64,320

  • 7 · Other salaries and wages

    total $824,955

  • 8 · Pension plan contributions

    total $427,145

  • 9 · Other employee benefits

    total $239,974

  • 10 · Payroll taxes

    total $64,913

  • 11b · Fees: legal

    total $11,724

  • 11c · Fees: accounting

    total $19,000

  • 11f · Fees: investment management

    total $24,999

  • 11g · Fees: other

    total $50,000

  • 13 · Office expenses

    total $25,086

  • 14 · Information technology

    total $45,828

  • 16 · Occupancy

    total $52,025

  • 17 · Travel

    total $35,935

  • 19 · Conferences, conventions and meetings

    total $4,181

  • 21 · Payments to affiliates

    total $903,442

  • 22 · Depreciation, depletion and amortization

    total $63,639

  • 23 · Insurance

    total $33,722

  • 24a · Other expenses: REIMBURSED SALARY AND B

    total $108,623

  • 24b · Other expenses: COLLECTION FEES

    total $69,861

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $34,201

  • 24d · Other expenses: OTHER FRINGE CONTRIBUTI

    total $14,036

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $78,597 · end of year $312,182

  • 2 · Savings and temporary cash investments

    beginning of year $1,405,008 · end of year $1,633,672

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

    $739,332

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

    $534,148

  • 10c · Land, buildings and equipment, net

    beginning of year $261,764 · end of year $205,184

  • 11 · Investments: publicly traded securities

    beginning of year $9,137,340 · end of year $9,392,306

  • 12 · Investments: other securities

    beginning of year $4,717,577 · end of year $4,704,324

  • 27 · Net assets without donor restrictions

    beginning of year $15,600,286 · end of year $16,247,668

Mission and programs · 2022

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 2022 return.

Listed in Part VII

  • James Connolly

    TRUSTEE

    Total calculated
    $611,690
    From this org
    $0
    From related orgs
    $419,962
    Other
    $191,728
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $394,218 related
    Bonus
    $0
    Other
    $0 + $25,744 related
    Deferred
    $0 + $156,792 related
    Nontaxable benefits
    $0 + $34,936 related
    Filer's total
    $0 + $611,690 related

  • Joseph Healy

    TRUSTEE

    Total calculated
    $350,694
    From this org
    $0
    From related orgs
    $254,721
    Other
    $95,973
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $234,488 related
    Bonus
    $0
    Other
    $0 + $20,233 related
    Deferred
    $0 + $78,514 related
    Nontaxable benefits
    $0 + $17,459 related
    Filer's total
    $0 + $350,694 related

  • Leonel Esparza

    TRUSTEE

    Total calculated
    $32,188
    From this org
    $0
    From related orgs
    $25,000
    Other
    $7,188
    Hours/week
    2 + 2 related

  • Shawn Fitzgerald

    TRUSTEE

    Total calculated
    $32,188
    From this org
    $0
    From related orgs
    $25,000
    Other
    $7,188
    Hours/week
    2 + 2 related

  • Brian Urso

    TRUSTEE

    Total calculated
    $20,896
    From this org
    $0
    From related orgs
    $16,667
    Other
    $4,229
    Hours/week
    2 + 2 related

  • Dexter Ziemann

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Charles V Loverde III

    TRUSTEE - PAST

    Total calculated
    $460,676
    From this org
    $0
    From related orgs
    $369,063
    Other
    $91,613
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $162,230 related
    Bonus
    $0
    Other
    $0 + $206,833 related
    Deferred
    $0 + $74,136 related
    Nontaxable benefits
    $0 + $17,477 related
    Filer's total
    $0 + $460,676 related

  • Patrick Hosty

    INTERIM EXECUTIVE DIRECTOR

    Total calculated
    $322,302
    From this org
    $0
    From related orgs
    $208,565
    Other
    $113,737
    Hours/week
    15 + 25 related

    Schedule J breakdown matched by us

    Base
    $0 + $203,001 related
    Bonus
    $0
    Other
    $0 + $5,564 related
    Deferred
    $0 + $79,781 related
    Nontaxable benefits
    $0 + $33,956 related
    Filer's total
    $0 + $322,302 related

  • Steve Stoynoff

    EMPLOYEE

    Total calculated
    $227,034
    From this org
    $129,917
    From related orgs
    $0
    Other
    $97,117
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,930
    Bonus
    $0
    Other
    $1,987
    Deferred
    $62,835
    Nontaxable benefits
    $34,282
    Filer's total
    $227,034

  • Scott McFedries

    EMPLOYEE

    Total calculated
    $226,325
    From this org
    $129,062
    From related orgs
    $0
    Other
    $97,263
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,230
    Bonus
    $0
    Other
    $1,832
    Deferred
    $62,981
    Nontaxable benefits
    $34,282
    Filer's total
    $226,325

  • Anthony Wallk

    EMPLOYEE

    Total calculated
    $223,462
    From this org
    $126,345
    From related orgs
    $0
    Other
    $97,117
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,574
    Bonus
    $0
    Other
    $1,771
    Deferred
    $62,835
    Nontaxable benefits
    $34,282
    Filer's total
    $223,462

  • Stan Komperda

    EMPLOYEE

    Total calculated
    $224,523
    From this org
    $127,406
    From related orgs
    $0
    Other
    $97,117
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $125,533
    Bonus
    $0
    Other
    $1,873
    Deferred
    $62,835
    Nontaxable benefits
    $34,282
    Filer's total
    $224,523

  • Jairo Gomez

    EMPLOYEE

    Total calculated
    $223,685
    From this org
    $126,275
    From related orgs
    $0
    Other
    $97,410
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,547
    Bonus
    $0
    Other
    $1,728
    Deferred
    $63,128
    Nontaxable benefits
    $34,282
    Filer's total
    $223,685

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: JAMES CONNOLLY $12,616 JOSEPH HEALY $4,499 CHARLES V LOVERDE III $3,120 ADDITIONALLY, CHARLES V LOVERDE III RETIRED IN 2022 AND RECEIVED A SEVERANCE DISTRIBUTION IN THE AMOUNT OF $122,920 WHICH IS INCLUDED IN HIS REPORTABLE COMPENSATION FROM THE RELATED PARTY.

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
2022
Filed
25 April 2023
IRS schema version
2022v5.0
Source object
202301159349301195

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