New England Laborers Apprenticeship Advancement Fund
- Assets
- $1.7m
- Revenue
- $217.2k
- Investments
- $1.2m
- Employees
- 0
- Location
- Providence, RI
- Founding
- 10/2003
- Data as of
- 06/2022
- EIN
- 03-0466664
Organization Overview
New England Laborers Apprenticeship Advancement Fund is located in Providence, RI. The organization was established in 2003. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New England Laborers Apprenticeship Advancement Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, New England Laborers Apprenticeship Advancement Fund generated $217.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $116.8k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, New England Laborers Apprenticeship Advancement Fund has awarded 13 individual grants totaling $793,620. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE LABORERS' APPRENTICESHIP PROGRAM TO FORMULATE AND INSTITUTE SECONDARY SCHOOL CURRICULUMS APPLICABLE TO THE CONSTRUCTION INDUSTRY AND TO CONTRIBUTE TOWARD THE COST OF INSTRUCTORS NECESSARY TO TRAIN STUDENTS AND TO DEVELOP A HIGHER DEGREE OF EFFICIENCY IN THE CONSTRUCTION TRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ADVANCE THE LABORERS' APPRENTICESHIP PROGRAM TO FORMULATE AND INSTITUTE SECONDARY SCHOOL CURRICULUMS APPLICABLE TO THE CONSTRUCTION INDUSTRY AND TO CONTRIBUTE TOWARD THE COST OF INSTRUCTORS NECESSARY TO TRAIN STUDENTS AND TO DEVELOP A HIGHER DEGREE OF EFFICIENCY IN THE CONSTRUCTION TRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vincent R Masino Treasurer | OfficerTrustee | 1 | $0 |
Armand E Sabitoni President | OfficerTrustee | 1 | $0 |
Michael A Traficante Recording Sec. | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $150,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $150,000 |
| Total Program Service Revenue | $0 |
| Investment income | $25,995 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $41,192 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $217,187 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $98,636 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,066 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $116,807 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $357,868 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $164,562 |
| Investments—other securities | $1,166,217 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,688,647 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,688,647 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,688,647 |
Grants Awarded
Over the last fiscal year, New England Laborers Apprenticeship Advancement Fund has awarded $112,067 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CRANSTON CHARTER SCHOOL PURPOSE: CONSULTING/RECRUITING | $62,067 |
CRANSTON CHARTER SCHOOL PURPOSE: FOR FISCAL YEAR 6/30/21 | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New England Laborers Apprenticeship Advancement Fund has recieved totaling $150,000.
| Awarding Organization | Amount |
|---|---|
Laborers International Union Of North America Washington, DC PURPOSE: GENERAL SUPPORT | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cw Resources Inc New Britain, CT | $72,075,898 | $102,860,890 |
North Atlantic States Carpenters Training Fund Millbury, MA | $72,466,434 | $22,130,164 |
Groundtruth Project Inc Boston, MA | $12,977,835 | $12,726,930 |
Skills For Rhode Islands Future Providence, RI | $3,601,484 | $11,174,331 |
Liuna Training And Education Fund Pomfret Center, CT | $19,387,955 | $9,381,853 |
Joint Apprenticeship And Training Trust Fund Local 103 Ibew Boston, MA | $13,179,581 | $8,861,151 |
National Automatic Sprinkler Industry Apprentice And Training New Milford, CT | $8,318,559 | $7,669,959 |
Center For Women & Enterprises Inc Boston, MA | $1,190,751 | $4,605,541 |
Hoisting & Portable Engineers Local No 4 Apprenticeship & Training Fnd Canton, MA | $8,832,377 | $4,420,891 |
Finishing Trades Institute Of New England Roslindale, MA | $13,310,120 | $5,877,455 |
Greater Boston Manufacturing Partnership Inc Plymouth, MA | $1,527,539 | $3,021,530 |
I B E W Local 42 O S H E Trust Fund East Windsor, CT | $12,268,359 | $3,885,464 |