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← LABORERS DISTRICT CNCL OF THE METRO AREA OF PHILADELHIA & VICINITY

Form 990 for tax year 2022

Filed by LABORERS DISTRICT CNCL OF THE METRO AREA OF PHILADELHIA & VICINITY.

Totals

Total revenue
$14,230,157
Total expenses
$8,987,010
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$13,196,652
Investment income
$1,033,505
Other revenue
$0
Total assets, end of year
$71,458,680
Total liabilities, end of year
$14,480,470
Net assets or fund balances, end of year
$56,978,210
Program services expenses (Part IX)
$7,004,667
Management and general expenses
$1,982,343
Fundraising expenses
$0
Program service expenses (Part III)
$7,004,667

Program services were 77.9% 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 $13,122,214 · related or exempt $13,122,214

  • 2b · Program service revenue: GRANT & TRAINING REIMBURSEMENTS

    total $74,438 · related or exempt $74,438

  • 3 · Investment income

    total $851,598 · excluded $851,598

  • 4 · Income from investment of tax-exempt bond proceeds

    total $252,513 · excluded $252,513

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

    other assets $70,606

  • 7c · Gain or loss

    other assets -$70,606

  • 7d · Net gain or loss

    total -$70,606 · excluded -$70,606

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,674,178 · program services $1,232,449 · management and general $441,729

  • 9 · Other employee benefits

    total $1,154,037 · program services $853,452 · management and general $300,585

  • 10 · Payroll taxes

    total $149,752 · program services $106,764 · management and general $42,988

  • 11g · Fees: other

    total $587,352 · management and general $587,352

  • 13 · Office expenses

    total $127,167 · program services $57,720 · management and general $69,447

  • 14 · Information technology

    total $180,533 · management and general $180,533

  • 16 · Occupancy

    total $354,197 · program services $313,521 · management and general $40,676

  • 19 · Conferences, conventions and meetings

    total $148,353 · program services $16,423 · management and general $131,930

  • 20 · Interest

    total $1,010,854 · program services $1,010,854

  • 22 · Depreciation, depletion and amortization

    total $1,519,590 · program services $1,519,590

  • 23 · Insurance

    total $232,813 · program services $119,501 · management and general $113,312

  • 24a · Other expenses: SECURITY

    total $458,458 · program services $458,458

  • 24b · Other expenses: TRAINING EXPENSES

    total $428,649 · program services $428,649

  • 24c · Other expenses: EQUIPMENT RENTAL&MAINTE

    total $419,742 · program services $419,742

  • 24d · Other expenses: FOOD SERVICES

    total $405,907 · program services $405,907

  • 24e · All other expenses

    total $135,428 · program services $61,637 · management and general $73,791

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $24,966,971 · end of year $10,322,271

  • 4 · Accounts receivable

    beginning of year $1,689,676 · end of year $1,911,948

  • 9 · Prepaid expenses and deferred charges

    beginning of year $23,497 · end of year $34,348

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

    $46,775,740

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

    $10,511,074

  • 10c · Land, buildings and equipment, net

    beginning of year $37,418,389 · end of year $36,264,666

  • 11 · Investments: publicly traded securities

    beginning of year $6,347,769 · end of year $21,092,523

  • 15 · Other assets

    beginning of year $1,548,889 · end of year $1,832,924

  • 17 · Accounts payable and accrued expenses

    beginning of year $598,823 · end of year $575,079

  • 19 · Deferred revenue

    beginning of year $57,709 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $351,391 · end of year $463,058

  • 25 · Other liabilities

    beginning of year $19,660,338 · end of year $13,442,333

  • 27 · Net assets without donor restrictions

    beginning of year $51,086,500 · end of year $56,737,780

  • 28 · Net assets with donor restrictions

    beginning of year $240,430 · end of year $240,430

Mission and programs · 2022

Mission

TO PROVIDE EDUCATION AND TRAINING IN THE BUILDING AND CONSTRUCTION TRADE, TO TRAIN JOURNEYMEN WHO ARE NOW IN THE TRADE, TO ASSIST IN PROVIDING TRAINING THAT WILL EQUIP THEM FOR PROFITABLE EMPLOYMENT AND CITIZENSHIP, AND TO FURTHER THE ASSURANCE TO THE EMPLOYERS OF PROFICIENT WORKMEN TO THE END THAT THE PUBLIC MAY RECEIVE THE BEST POSSIBLE WORKMANSHIP.

Activities or mission (Part I)

TO PROVIDE EDUCATION & TRAINING TO QUALIFYING MEMBERS UNDER A COLLECTIVE BARGAINING AGREEMENT.

  • EDUCATION & TRAINING SERVICES TO QUALIFYING MEMBERS OF PARTICIPATING UNIONS AND LABOR ASSOCIATIONS IN THE CONSTRUCTION INDUSTRY UNDER A COLLECTIVE BARGAINING AGREEMENT

    Expenses $7,004,667 · Revenue $13,196,652

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Stanley Sanders

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • James N Harper Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Samuel Staten Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • James R Davis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Benjamin Connors

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Amy Hennessey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Anthony Moss

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Malik Staten

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Alan Parham

    ADMINISTRATOR

    Total calculated
    $322,636
    From this org
    $158,662
    From related orgs
    $73,783
    Other
    $90,191
    Hours/week
    40 + 20 related

    Schedule J breakdown matched by us

    Base
    $158,662 + $73,783 related
    Bonus
    $0
    Other
    $0
    Deferred
    $61,300 + $9,443 related
    Nontaxable benefits
    $19,448
    Filer's total
    $239,410 + $83,226 related

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 · Compensation survey or study
  • 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
  • 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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • LDC (PHILADELPHIA AND VICINITY) EDUCATION AND TRAINING FUND LLC

    CONSTRUCTION & FINANCING · PA

    Directly controlled by LABORERS' DISTRICT COUNCIL EDUCATION & TRAINING FUND OF PHILADELPHIA AREA

Provenance

Return type
form_990
Tax year
2022
Filed
15 March 2024
IRS schema version
2022v5.0
Source object
202410759349302406

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