Electrical Industry Labor Management Cooperation Tr
- Assets
- $23.7m
- Revenue
- $56.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Dorchester, MA
- Founding
- 04/1998
- Data as of
- 08/2022
- EIN
- 04-3398237
Organization Overview
Electrical Industry Labor Management Cooperation Tr is located in Dorchester, MA. The organization was established in 1998. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Electrical Industry Labor Management Cooperation Tr is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 08/2022, Electrical Industry Labor Management Cooperation Tr generated $56.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $53.5m during the year ending 08/2022. While expenses have increased by 14.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IDENTIFY AND EXPAND WORK OPPORTUNITIES, IMPROVE COMMUNICATIONS, PROMOTE EFFICIENCY IN OPERATIONS AND PROMOTE HEALTH AND SAFETY IN THE ELECTRICAL INDUSTRY WITHIN THE NEW ENGLAND AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A PROGRAM TO ASSIST EMPLOYERS IN BIDDING PROJECTS, AND TO PROMOTE HEALTH AND SAFETY PROGRAMS FOR ELECTRICAL WORKERS. THE TRUST PROVIDES SUBSIDIES TO UNION CONTRACTORS THROUGH THE RESPECTIVE TRUST FUNDS IN ORDER FOR THE UNION CONTRACTORS TO BE COMPETITIVE WITH NON-UNION CONTRACTORS IN THE MARKET.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Lash Business Development Direc | Officer | 40 | $175,926 |
Lisa Theriault Business Development Manag | 40.01 | $149,460 | |
Michael P Donovan Fund Administrator | Officer | 6.6 | $0 |
Kevin P Leroux Management Trustee | Trustee | 1 | $0 |
Paul Gray Union Trustee | Trustee | 1 | $0 |
Robert S Sheehan Jr Union Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
617mediagroup Llc Advertising | 8/30/22 | $195,495 |
Delaware North Co Inc Advertising | 8/30/22 | $514,592 |
K Courtney & Associates Consulting | 8/30/22 | $172,440 |
Boston Red Sox Advertising | 8/30/22 | $755,000 |
Oswego Creative Inc Marketing | 8/30/22 | $182,878 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $56,764,117 |
| Investment income | $4,027 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $56,768,144 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $50,208,610 |
| 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 | $425,171 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $173,388 |
| Payroll taxes | $32,523 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,982 |
| Fees for services: Accounting | $24,205 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $149 |
| Fees for services: Other | $172,440 |
| Advertising and promotion | $1,909,260 |
| Office expenses | $31,190 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $15,242 |
| 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 | $13,068 |
| All other expenses | $4,247 |
| Total functional expenses | $53,465,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,963,306 |
| Savings and temporary cash investments | $7,248,871 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,491,936 |
| 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 | $28,639 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,732,752 |
| Accounts payable and accrued expenses | $55,097 |
| 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 | $492,903 |
| Total liabilities | $548,000 |
| Net assets without donor restrictions | $23,184,752 |
| 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 | $23,732,752 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Electrical Industry Labor Management Cooperation Tr Dorchester, MA | $23,732,752 | $56,768,144 |
Dairy One Cooperative Inc Ithaca, NY | $10,249,154 | $25,724,887 |
Holstein Friesian Association Of America Brattleboro, VT | $42,888,096 | $20,454,102 |
The William H Miner Agricultural Research Institute Chazy, NY | $25,150,167 | $10,410,462 |
Grace Communications Foundation Inc New York, NY | $9,222,389 | $7,837,107 |
New Haven Ecology Project Inc New Haven, CT | $13,646,916 | $6,735,090 |
Attleboro Corporate Center Association Inc Attleboro, MA | $92,995 | $6,024,289 |
United Food And Commercial Workers International Union Dedham, MA | $6,169,904 | $6,230,011 |
Essex Agricultural Society Topsfield, MA | $13,692,899 | $6,659,006 |
Rhode Island Laborers Unified Tr Cranston, RI | $3,637,033 | $4,506,206 |
New York Farm Bureau Albany, NY | $21,413,106 | $1,125,268 |
The Livestock Institute Of Southern New England Westport, MA | $6,774,804 | $2,810,112 |