Greater N Y Laborers & Employers Cooporation & Education Fund
- Assets
- $7.5m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 11
- Location
- New York, NY
- Founding
- 03/1999
- Data as of
- 12/2023
- EIN
- 13-3988867
Organization Overview
Greater N Y Laborers & Employers Cooporation & Education Fund is located in New York, NY. The organization was established in 1999. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Greater N Y Laborers & Employers Cooporation & Education Fund employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater N Y Laborers & Employers Cooporation & Education 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 12/2023, Greater N Y Laborers & Employers Cooporation & Education Fund generated $4.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $3.9m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE COMMUNICATIONS BETWEEN EMPLOYEES, THEIR REPRESENTATIVES, AND EMPLOYERS IN THE BUILDING INDUSTRY AND PROVIDE A FORUM FOR DISCUSSION OF MATTERS OF MUTUAL INTEREST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO IMPROVE COMMUNICATIONS BETWEEN EMPLOYEES, THEIR REPRESENTATIVES, AND EMPLOYERS IN THE BUILDING INDUSTRY AND PROVIDE A FORUM FOR DISCUSSION OF MATTERS OF MUTUAL INTEREST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Flanagan Trustee | Trustee | 1 | $0 |
Pawel Gruchacz Trustee - Eff 2023 | Trustee | 1 | $0 |
John O'hare Trustee | Trustee | 1 | $0 |
Michael Prohaska Trustee | Trustee | 1 | $0 |
John Virga Trustee | Trustee | 1 | $0 |
Michael E Hellstrom Trustee | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,976,252 |
| Investment income | $119,119 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,091 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,086,280 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $397,314 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $906,449 |
| Pension plan accruals and contributions | $393,372 |
| Other employee benefits | $162,226 |
| Payroll taxes | $84,365 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $68,013 |
| Fees for services: Accounting | $31,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,000 |
| Fees for services: Other | $59,652 |
| Advertising and promotion | $73,028 |
| Office expenses | $115,206 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $450,473 |
| Travel | $85,748 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $233,191 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $82,682 |
| Insurance | $132,827 |
| All other expenses | -$108,317 |
| Total functional expenses | $3,899,019 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $618,088 |
| Savings and temporary cash investments | $7,910 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $878,048 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $75,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $30,088 |
| Net Land, buildings, and equipment | $203,372 |
| Investments—publicly traded securities | $4,598,057 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,098,405 |
| Total assets | $7,508,968 |
| Accounts payable and accrued expenses | $250,446 |
| 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 | $108,253 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,139,810 |
| Total liabilities | $1,498,509 |
| Net assets without donor restrictions | $6,010,459 |
| 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 | $7,508,968 |