Form 990 for tax year 2024
Filed by LABORERS LOCAL NO 91 EDUCATIONAL AND TRAINING FUND.
Totals
- Total revenue
- $633,518
- Total expenses
- $427,838
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $580,050
- Investment income
- $24,613
- Other revenue
- $28,855
- Total assets, end of year
- $2,200,103
- Total liabilities, end of year
- $19,130
- Net assets or fund balances, end of year
- $2,180,973
- Program services expenses (Part IX)
- $322,140
- Management and general expenses
- $105,698
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $322,140
Program services were 75.3% 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 $580,050 · related or exempt $580,050
-
3 · Investment income
total $24,613 · excluded $24,613
-
6a · Gross rents
real property $46,800
-
6b · Less rental expenses
real property $17,945
-
6c · Rental income or loss
real property $28,855
-
6d · Net rental income or loss
total $28,855 · excluded $28,855
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $223,881 · program services $201,493 · management and general $22,388
-
7 · Other salaries and wages
total $7,570 · program services $7,570
-
8 · Pension plan contributions
total $5,130 · program services $5,130
-
9 · Other employee benefits
total $6,233 · program services $6,233
-
10 · Payroll taxes
total $10,611 · program services $9,665 · management and general $946
-
11b · Fees: legal
total $1,532 · management and general $1,532
-
11c · Fees: accounting
total $15,150 · management and general $15,150
-
13 · Office expenses
total $33,515 · program services $16,831 · management and general $16,684
-
16 · Occupancy
total $35,892 · program services $35,892
-
17 · Travel
total $1,468 · program services $1,468
-
21 · Payments to affiliates
total $6,508 · management and general $6,508
-
22 · Depreciation, depletion and amortization
total $25,303 · program services $25,303
-
23 · Insurance
total $29,160 · management and general $29,160
-
24a · Other expenses: CLERICAL
total $13,330 · management and general $13,330
-
24b · Other expenses: TRAINING EXPENSE
total $8,167 · program services $8,167
-
24c · Other expenses: EQUIPMENT COSTS
total $3,830 · program services $3,830
-
24d · Other expenses: PRINTING EXPENSE
total $365 · program services $365
-
24e · All other expenses
total $193 · program services $193
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $746,742 · end of year $956,823
-
2 · Savings and temporary cash investments
beginning of year $335,925 · end of year $300,762
-
4 · Accounts receivable
beginning of year $74,639 · end of year $78,304
-
9 · Prepaid expenses and deferred charges
beginning of year $10,437 · end of year $11,320
-
10a · Land, buildings and equipment: cost or other basis
$1,137,527
-
10b · Land, buildings and equipment: accumulated depreciation
$445,150
-
10c · Land, buildings and equipment, net
beginning of year $717,681 · end of year $692,377
-
11 · Investments: publicly traded securities
beginning of year $103,609 · end of year $160,517
-
17 · Accounts payable and accrued expenses
beginning of year $10,696 · end of year $19,130
-
31 · Retained earnings, endowment or other funds
beginning of year $1,978,337 · end of year $2,180,973
Mission and programs · 2024
Mission
TO PROVIDE CONTINUING EDUCATIONAL AND TRAINING CLASSES AND ACTIVITIES TO PROMOTE, REFRESH, AND EXPAND THE SKILLS AND ABILITIES OF LABORERS IN THE CONSTRUCTION INDUSTRY.
-
THE LABORERS TRAINING PROGRAM PROVIDED CLASSROOM INSTRUCTION AND ON THE JOB TRAINING FOR INDIVIDUALS ACCEPTED INTO THE APPRENTICE TRAINING PROGRAM. THE TRAINING PROGRAM ALSO PROVIDED CONTINUING TRAINING FOR JOURNEYMEN MEMBERS.
Expenses $322,140 · Revenue $580,050
As filed on the 2024 return.
Listed in Part VII
-
Randy PalladinoRANDY PALLADINO
ADMINISTRATO
- Total calculated
- $243,326
- From this org
- $115,558
- From related orgs
- $18,945
- Other
- $108,823
- Hours/week
- 40 + 4 related
Schedule J breakdown matched by us
- Base
- $115,058
- Bonus
- $500
- Other
- not reported + $18,945 related
- Deferred
- not reported
- Nontaxable benefits
- $108,823
- Filer's total
- $224,381 + $18,945 related
-
William GraceWILLIAM GRACE
TRUSTEE
- Total calculated
- $213,908
- From this org
- $0
- From related orgs
- $95,913
- Other
- $117,995
- Hours/week
- 2 + 38 related
Schedule J breakdown matched by us
- Base
- not reported + $95,000 related
- Bonus
- not reported + $500 related
- Other
- not reported + $413 related
- Deferred
- not reported
- Nontaxable benefits
- not reported + $117,995 related
- Filer's total
- not reported + $213,908 related
-
Thomas CefaluTHOMAS CEFALU
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
George ChurakosGEORGE CHURAKOS
TRUSTEE (FOR
- Total calculated
- $0
- Hours/week
- 1
-
Anthony CimatoANTHONY CIMATO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mike McLaughlinMIKE MCLAUGHLIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mario NeriMARIO NERI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
H Richard PalladinoH RICHARD PALLADINO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
Herbert L StevensonHERBERT L STEVENSON
TRUSTEE (FOR
- 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. 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.
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LABORERS LOCAL NO 91 WELFARE FUND
501C9 · DC WELFARE · NY
-
LABORERS LOCAL 91 PENSION FUND
401A · DB PENSION · NY
-
LABORERS' INT'L LOCAL 91 LABOR-EMPL COOPERATION & EDUCATION TRUSTE
501C5 · TRUST · NY
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 16 February 2026
- IRS schema version
- 2024v5.0
- Source object
- 202630479349300828
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