Form 990 for tax year 2024
Filed by LABOR INSTITUTE INC.
This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.
What the amendment changed
Compared with the latest return for 2024 , filed 18 February 2026. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) 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.
- Total revenue
- $1,215,600 changed to $1,128,670
- Investment income
- $99,263 changed to $12,333
Totals
- Total revenue
- $1,215,600
- Total expenses
- $1,263,632
- Contributions and grants received
- $947,654
- Grants paid
- $0
- Program service revenue
- $168,683
- Investment income
- $99,263
- Other revenue
- $0
- Total assets, end of year
- $1,559,612
- Total liabilities, end of year
- $458,987
- Net assets or fund balances, end of year
- $1,100,625
- Program services expenses (Part IX)
- $1,031,369
- Management and general expenses
- $232,263
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,031,369
Program services were 81.6% 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.
-
1e · Government grants (contributions)
$697,654
-
1f · All other contributions, gifts and grants
$250,000
-
2a · Program service revenue: PUBLICATIONS EDUCATION
total $168,683 · related or exempt $168,683
-
3 · Investment income
total $99,263 · excluded $99,263
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $228,687 · program services $171,515 · management and general $57,172
-
7 · Other salaries and wages
total $249,716 · program services $187,287 · management and general $62,429
-
8 · Pension plan contributions
total $153,101 · program services $114,826 · management and general $38,275
-
9 · Other employee benefits
total $76,113 · program services $57,084 · management and general $19,029
-
10 · Payroll taxes
total $38,285 · program services $28,714 · management and general $9,571
-
11g · Fees: other
total $164,060 · program services $164,060
-
13 · Office expenses
total $7,346 · management and general $7,346
-
16 · Occupancy
total $29,038 · program services $21,779 · management and general $7,259
-
17 · Travel
total $32,789 · program services $32,789
-
23 · Insurance
total $2,272 · management and general $2,272
-
24a · Other expenses: PRODUCTION COSTS
total $245,158 · program services $245,158
-
24b · Other expenses: PROFESSIONAL FEES
total $28,910 · management and general $28,910
-
24c · Other expenses: PUBLICATIONS & EDUCATIO
total $8,157 · program services $8,157
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $152,267 · end of year $170,266
-
2 · Savings and temporary cash investments
beginning of year $396,310 · end of year $21,075
-
3 · Pledges and grants receivable
beginning of year $136,487 · end of year $101,131
-
9 · Prepaid expenses and deferred charges
beginning of year $1,069 · end of year $2,356
-
10a · Land, buildings and equipment: cost or other basis
$72,422
-
10b · Land, buildings and equipment: accumulated depreciation
$72,422
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $853,913 · end of year $1,264,784
-
17 · Accounts payable and accrued expenses
beginning of year $76,757 · end of year $62,987
-
19 · Deferred revenue
beginning of year $0 · end of year $125,000
-
25 · Other liabilities
beginning of year $271,000 · end of year $271,000
-
27 · Net assets without donor restrictions
beginning of year $231,562 · end of year $93,013
-
28 · Net assets with donor restrictions
beginning of year $960,727 · end of year $1,007,612
Mission and programs · 2024
Mission
THE PURPOSE OF THE LABOR INSTITUTE IS TO PROVIDE EDUCATION FOR WORKING PEOPLE AND FOR COMMUNITY GROUPS, EDUCATIONAL ORGANIZATIONS AND LABOR ORGANIZATIONS ON JOB RELATED HEALTH AND SAFETY ISSUES AND ECONOMICS.
Activities or mission (Part I)
THE PURPOSE OF THE LABOR INSTITUTE IS TO PROVIDE EDUCATION FOR WORKING PEOPLE AND FOR THE COMMUNITY GROUPS, EDUCATIONAL ORGANIZATIONS AND LABOR ORGANIZATIONS ON JOB RELATED HEALTH AND SAFETY ISSUES AND ECONOMICS.
-
LECTURE COURSES AND AUDIO VISUAL DISPLAY CONCERNING ECONOMICS AND OTHER TOPICS RELATED TO WORKING PEOPLE.
Expenses $1,031,369
As filed on the 2024 return.
Listed in Part VII
-
Leslie J LeopoldLESLIE J LEOPOLD
PRESIDENT
- Total calculated
- $160,057
- From this org
- $111,068
- From related orgs
- $0
- Other
- $48,989
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $111,068
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $48,989
- Filer's total
- $160,057
-
Jim YoungJIM YOUNG
SECRETARY
- Total calculated
- $162,274
- From this org
- $117,619
- From related orgs
- $0
- Other
- $44,655
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $117,619
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $44,655
- Filer's total
- $162,274
-
Sally SilversSALLY SILVERS
TREASURER
- Total calculated
- $4,308
- From this org
- $4,308
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Michael MerrillMICHAEL MERRILL
CHAIRMAN OF BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Adolph ReedADOLPH REED
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Joan GreenbaumJOAN GREENBAUM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Carolyn MugarCAROLYN MUGAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Mark DudzicMARK DUDZIC
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
David RosenDAVID ROSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Susan WefaldSUSAN WEFALD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
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
None.
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
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.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503189349314100
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.