Central And Eastern New York Cooperative Trust
- Assets
- $2.0m
- Revenue
- $381.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Syracuse, NY
- Founding
- 01/1999
- Data as of
- 06/2022
- EIN
- 16-1556922
Organization Overview
Central And Eastern New York Cooperative Trust is located in Syracuse, NY. The organization was established in 1999. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, 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. Central And Eastern New York Cooperative Trust is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2022, Central And Eastern New York Cooperative Trust generated $381.1k 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 (5.0%) each year. All expenses for the organization totaled $396.0k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Central And Eastern New York Cooperative Trust has awarded 47 individual grants totaling $1,940,456. 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
THE IDENTIFICATION AND EXPANSION OF WORK OPPORTUNITIES FOR EMPLOYERS WHO ARE MEMBERS OF THE LOCAL 60 IRON WORKERS UNION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IDENTIFIED AND EXPANDED WORK OPPORTUNITIES FOR EMPLOYERS WHO ARE MEMBERS OF THE LOCAL 60 UNION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Clark Trustee (retired September 2021) | Trustee | 1 | $0 |
Matthew Nesbitt Trustee | Trustee | 1 | $0 |
Michael Conway Trustee | Trustee | 1 | $0 |
Corey Mossow Trustee (joined September 2021) | Trustee | 1 | $0 |
Jerry Abrantes 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 | $186,530 |
| Investment income | $123,816 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $68,702 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $381,128 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $248,001 |
| 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 | $78,000 |
| Fees for services: Legal | $19,706 |
| Fees for services: Accounting | $7,925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,722 |
| 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 | $1,641 |
| Total functional expenses | $395,951 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,521 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,626 |
| 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 | $9,818 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,875,785 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,969,750 |
| Accounts payable and accrued expenses | $1,887 |
| 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 | $1,887 |
| Net assets without donor restrictions | $1,967,863 |
| 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 | $1,969,750 |
Grants Awarded
Over the last fiscal year, Central And Eastern New York Cooperative Trust has awarded $243,151 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
TITAN STEEL PURPOSE: MARKET RECOVERY | $139,614 |
BVR CONSTRUCTION CO INC PURPOSE: MARKET RECOVERY | $47,975 |
WHITACRE ENGINEERING PURPOSE: MARKET RECOVERY | $13,845 |
TITCHENER IRON WORKS PURPOSE: MARKET RECOVERY | $12,585 |
LONGHOUSE CONSTRUCTION GROUP PURPOSE: MARKET RECOVERY | $11,605 |
ROCHESTER RIGGING PURPOSE: MARKET RECOVERY | $8,820 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tuscarora Intermediate Unit Capital Insurance Trust Pleasant Gap, PA | $4,120,321 | $22,419,678 |
Benevolent Fraternity Of Unitarian Church Roxbury, MA | $18,907,229 | $2,121,494 |
Delta Phi Epsilon Sorority Inc Philadelphia, PA | $2,908,015 | $2,233,543 |
National Sorority Of Phi Delta Kappa Inc Jersey City, NJ | $268,975 | $76,573 |
Beta Alpha Chapter Of Chi Omega House Corp Wayne, PA | $1,129,031 | $303,939 |
Akwesasne Boys & Girls Club St Regis Mohawk Tribe Akwesasne, NY | $980,425 | $1,776,234 |
Phi Sigma Pi National Honor Fraternity Lancaster, PA | $2,938,187 | $1,733,075 |
Zeta Psi Fraternity Of North America Pearl River, NY | $650,645 | $844,211 |
Kappa Delta Rho National Fraternity Inc Latrobe, PA | $697,261 | $1,007,764 |
Theta Chi Fraternity Inc Hamilton, NY | $187,643 | $1,010,005 |
Sigma Pi Fraternity International Inc Ithaca, NY | $1,758,643 | $749,851 |
Alpha Lambda Delta Fairport, NY | $5,719,443 | $1,145,562 |