Teamsters Local 456 Education & Training Fund
- Assets
- $976.2k
- Revenue
- $534.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Elmsford, NY
- Founding
- 04/1985
- Data as of
- 12/2022
- EIN
- 13-3217233
Organization Overview
Teamsters Local 456 Education & Training Fund is located in Elmsford, NY. The organization was established in 1985. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teamsters Local 456 Education & Training Fund is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2022, Teamsters Local 456 Education & Training Fund generated $534.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $315.2k during the year ending 12/2022. While expenses have increased by 2.5% per year over the past 8 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATION & TRAINING CLASSES TO MEMBERS WHO ARE PARTICIPANTS IN THE FUND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMPLOYER CONTRIBUTIONS PROVIDE EDUCATION AND TRAINING FOR EMPLOYEES WHO ARE PARTICIPANTS IN THE FUND
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Ritch Fund Administrator | 6 | $0 | |
Dominick Cassanelli Jr Union Trustee | 1 | $0 | |
Jeffrey Isaacs Employer Trustee | 1 | $0 | |
John Cooney Employer Trustee | 1 | $0 | |
Joseph Sansone Union Trustee | 1 | $0 | |
Louis A Picani Union Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $534,327 |
| Total Revenue | $534,327 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $117,673 |
| Pension plans, employee benefits | $31,786 |
| Interest | $0 |
| Taxes | $9,445 |
| Depreciation | $20,310 |
| Occupancy | $55,176 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $52,304 |
| Total operating and administrative expenses | $315,216 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $315,216 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $752,208 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,291 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $217,667 |
| Other assets | $0 |
| Total assets | $976,166 |
| Accounts payable and accrued expenses | $1,736 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $42,519 |
| Other liabilities | $167,850 |
| Total liabilities | $212,105 |