Form 990 for tax year 2023
Filed by LABOR MANAGEMENT COOPERATION COMMITTEE OF CHICAGO.
Totals
- Total revenue
- $7,086,196
- Total expenses
- $6,290,817
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $6,799,507
- Investment income
- $286,689
- Other revenue
- $0
- Total assets, end of year
- $9,417,795
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $9,417,795
- Program services expenses (Part IX)
- $4,687,978
- Management and general expenses
- $1,602,839
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $4,687,978
Program services were 74.5% 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 CONT INC-UNRESTRCTD
total $6,799,507 · related or exempt $6,799,507
-
3 · Investment income
total $277,550 · excluded $277,550
-
7a · Gross sales of assets other than inventory
securities $40,106
-
7b · Less cost or other basis and sales expenses
securities $30,967
-
7c · Gain or loss
securities $9,139
-
7d · Net gain or loss
total $9,139 · related or exempt $9,139
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $10,703 · program services $6,422 · management and general $4,281
-
11c · Fees: accounting
total $18,845 · management and general $18,845
-
11g · Fees: other
total $37,154 · management and general $37,154
-
13 · Office expenses
total $25,302 · management and general $25,302
-
14 · Information technology
total $662 · management and general $662
-
17 · Travel
total $20,774 · program services $16,619 · management and general $4,155
-
19 · Conferences, conventions and meetings
total $6,064 · management and general $6,064
-
22 · Depreciation, depletion and amortization
total $22,504 · program services $22,504
-
23 · Insurance
total $14,969 · program services $748 · management and general $14,221
-
24a · Other expenses: MEDIA-RADIO BROCHURES
total $1,464,630 · program services $1,025,241 · management and general $439,389
-
24b · Other expenses: STRATEGIC PLAN
total $960,155 · program services $672,109 · management and general $288,046
-
24c · Other expenses: PROMOTIONAL CONTRIBUTIONS
total $807,376 · program services $726,638 · management and general $80,738
-
24d · Other expenses: ADMINISTRATIVE
total $623,111 · program services $436,178 · management and general $186,933
-
24e · All other expenses
total $2,278,568 · program services $1,781,519 · management and general $497,049
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,268,197 · end of year $2,830,833
-
2 · Savings and temporary cash investments
beginning of year $4,684,448 · end of year $4,930,662
-
10a · Land, buildings and equipment: cost or other basis
$225,039
-
10b · Land, buildings and equipment: accumulated depreciation
$74,511
-
10c · Land, buildings and equipment, net
beginning of year $173,031 · end of year $150,528
-
11 · Investments: publicly traded securities
beginning of year $1,283,682 · end of year $1,505,772
-
27 · Net assets without donor restrictions
beginning of year $8,409,358 · end of year $9,417,795
Mission and programs · 2023
Mission
ASSISTING WORKERS AND EMPLOYERS IN SOLVING PROBLEMS OF MUTUAL CONCERN NOT SUSCEPTIBLE TO RESOLUTION WITHIN THE COLLECTIVE BARGAINING PROCESS.
-
THE COMMITTEE PROVIDES WORKERS AND EMPLOYERS WITH OPPORTUNITIES TO STUDY AND EXPLORE NEW AND INNOVATIVE JOINT APPROACHES TO ACHIEVING ORGANIZATIONAL EFFECTIVENESS, STUDY AND EXPLORE WAYS OF ELIMINATING POTENTIAL PROBLEMS WHICH REDUCE THE COMPETITIVENESS AND INHIBIT THE ECONOMIC DEVELOPMENT OF THE ELECTRICAL CONTRACTING INDUSTRY IN COOK COUNTY, ILLINOIS, AND EXPAND AND IMPROVE WORKING RELATIONSHIPS BETWEEN WORKERS AND MANAGERS.
Expenses $4,687,978 · Revenue $6,799,507
As filed on the 2023 return.
Listed in Part VII
-
Carolyn SpaethCAROLYN SPAETH
LMCC ADMINIS
- Total calculated
- $239,728
- From this org
- $0
- From related orgs
- $176,203
- Other
- $63,525
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- not reported + $176,203 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $41,300 related
- Nontaxable benefits
- not reported + $22,225 related
- Filer's total
- not reported + $239,728 related
-
Elbert Walters IIIELBERT WALTERS III
EXECUTIVE DI
- Total calculated
- $199,933
- From this org
- $0
- From related orgs
- $198,883
- Other
- $1,050
- Hours/week
- 24 + 16 related
Schedule J breakdown matched by us
- Base
- not reported + $156,414 related
- Bonus
- not reported + $42,469 related
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported + $1,050 related
- Filer's total
- not reported + $199,933 related
-
Andres AguilarANDRES AGUILAR
ASSOCIATE TR
- Total calculated
- $0
- Hours/week
- 3
-
Dave ChorleyDAVE CHORLEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Kevin ConnollyKEVIN CONNOLLY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Donald FinnDONALD FINN
CHAIRMAN - L
- Total calculated
- $0
- Hours/week
- 3
-
William Cullen IIIWILLIAM CULLEN III
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Colt MoylanCOLT MOYLAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Eric NixonERIC NIXON
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 3
-
Pat NugentPAT NUGENT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Nicholas SantoroNICHOLAS SANTORO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Jesse SchmidtJESSE SCHMIDT
ASSOCIATE TR
- Total calculated
- $0
- Hours/week
- 3
-
Beatrice ThompsonBEATRICE THOMPSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Richard ZaperRICHARD ZAPER
ASSOCIATE TR
- Total calculated
- $0
- Hours/week
- 3
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
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
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
- 2023
- Filed
- 22 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202510599349302111
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