Form 990 for tax year 2023

Filed by NEW YORK LATHERS APPRENTICESHIP FUND.

What the amendment changed

Compared with the return it replaced , filed 24 September 2024. 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.

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

Totals

Total revenue: $1,133,403
Total expenses: $1,245,432
Contributions and grants received: $0
Grants paid: $0
Program service revenue: $475,669
Investment income: $657,734
Other revenue: $0
Total assets, end of year: $4,403,147
Total liabilities, end of year: $29,546
Net assets or fund balances, end of year: $4,373,601
Program services expenses (Part IX): $1,134,940
Management and general expenses: $110,492
Fundraising expenses: $0
Program service expenses (Part III): $1,134,940

Program services were 91.1% 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 CONTRIBUTIONS

total $475,669 · related or exempt $475,669
3 · Investment income

total $37,880 · excluded $37,880
7a · Gross sales of assets other than inventory

securities $2,816,082
7b · Less cost or other basis and sales expenses

securities $2,196,228
7c · Gain or loss

securities $619,854
7d · Net gain or loss

total $619,854 · excluded $619,854

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $229,517 · program services $222,632 · management and general $6,885
7 · Other salaries and wages

total $220,032 · program services $213,431 · management and general $6,601
8 · Pension plan contributions

total $36,749 · program services $35,647 · management and general $1,102
9 · Other employee benefits

total $28,753 · program services $27,890 · management and general $863
10 · Payroll taxes

total $34,257 · program services $33,344 · management and general $913
11a · Fees: management

total $2,054 · management and general $2,054
11b · Fees: legal

total $7,974 · management and general $7,974
11c · Fees: accounting

total $26,771 · management and general $26,771
11f · Fees: investment management

total $26,082 · management and general $26,082
13 · Office expenses

total $90,842 · program services $85,652 · management and general $5,190
14 · Information technology

total $4,100 · management and general $4,100
16 · Occupancy

total $436,134 · program services $434,855 · management and general $1,279
19 · Conferences, conventions and meetings

total $1,850 · management and general $1,850
22 · Depreciation, depletion and amortization

total $2,927 · program services $2,927
23 · Insurance

total $83,633 · program services $64,805 · management and general $18,828
24a · Other expenses: TRAINING SUPPLIES

total $7,043 · program services $7,043
24b · Other expenses: EQUIPMENT LEASING

total $6,714 · program services $6,714

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $24,635 · end of year $68,425
2 · Savings and temporary cash investments

end of year $1,132,673
4 · Accounts receivable

beginning of year $101,093 · end of year $117,559
10a · Land, buildings and equipment: cost or other basis

$1,778,825
10b · Land, buildings and equipment: accumulated depreciation

$1,770,788
10c · Land, buildings and equipment, net

beginning of year $7,119 · end of year $8,037
12 · Investments: other securities

beginning of year $4,490,558 · end of year $3,076,453
17 · Accounts payable and accrued expenses

beginning of year $19,727 · end of year $29,546
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 $4,603,678 · end of year $4,373,601

Mission and programs · 2023

Mission

PROVIDING TRAINING AND EDUCATION TO DEVELOP AND MAINTAIN THE SKILLS OF THE METAL LATHERS LOCAL 46 WORKERS AS WELL AS PROMOTING WORKER SAFETY AND PRODUCTIVITY.

EDUCATE AND TRAIN APPRENTICES AS METAL LATHERS AND PROVIDE TRAINING ON WORK SAFETY WITHIN THE TRADE

Expenses $1,134,940 · Revenue $475,669

As filed on the 2023 return.

Listed in Part VII

Michael AndersonMICHAEL ANDERSON

TRUSTEE

Total calculated

$0

Hours/week

1
John CoffeyJOHN COFFEY

TRUSTEE

Total calculated

$0

Hours/week

1
John ClausmanJOHN CLAUSMAN

TRUSTEE

Total calculated

$0

Hours/week

1
George FernandezGEORGE FERNANDEZ

TRUSTEE

Total calculated

$0

Hours/week

1
Michael SalgoMICHAEL SALGO

TRUSTEE

Total calculated

$0

Hours/week

1
Kevin O'BrienKEVIN O'BRIEN

TRUSTEE

Total calculated

$0

Hours/week

1
Joseph MitrioneJOSEPH MITRIONE

TRUSTEE

Total calculated

$0

Hours/week

1
Anthony LanganANTHONY LANGAN

APPRENTICESHIP COORDINATOR

Total calculated

$229,517

From this org

$144,144

From related orgs

$0

Other

$85,373

Hours/week

41

Schedule J breakdown matched by us

Base

$144,144

Bonus

$0

Other

$0

Deferred

$56,115

Nontaxable benefits

$29,258

Filer's total

$229,517

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.

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.

METAL LATHERS UNION LOCAL 46 PENSION FD

401(A) · PENSION FUND · NY
METAL LATHERS UNION LOCAL 46 ANNUITY FD

401(A) · ANNUITY FUND · NY
METAL LATHERS UNION LOCAL 46 TRUST FUND

501(C)(3) · WELFARE FUND · NY
METAL LATHERS UNION LOCAL 46 SCHOLARSHIP

501(C)(3) · SCHOLARHSIP FUND · NY
METAL LATHERS LOCAL 46 LABOR MGMT CORP

501(C)(5) · LABOR MANAGEMENT · NY

Provenance

Return type: form_990
Tax year: 2023
Filed: 24 September 2024
IRS schema version: 2023v5.1
Source object: 202432889349300528

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