Upstate New York Laborers Education & Training Funds Tr
- Assets
- $838.0k
- Revenue
- $530.3k
- Investments
- $0.0
- Employees
- 7
- Location
- Oswego, NY
- Founding
- 11/1990
- Data as of
- 10/2022
- EIN
- 16-6332350
Organization Overview
Upstate New York Laborers Education & Training Funds Tr is located in Oswego, NY. The organization was established in 1990. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 10/2022, Upstate New York Laborers Education & Training Funds Tr employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Upstate New York Laborers Education & Training Funds Tr 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 10/2022, Upstate New York Laborers Education & Training Funds Tr generated $530.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $391.1k during the year ending 10/2022. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 7 years. 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
PROVIDE TRAINING TO INDUSTRIAL AND CONSTRUCTION WORKERS IN UPSTATE NEW YORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS ARE COLLECTED FROM PARTICIPATING TRAINING FUNDS FOR PAYMENT OF EXPENSES IN CONNECTION WITH THE OPERATION OF A TRAINING FACILITY FOR INDUSTRIAL AND CONSTRUCTION WORKERS IN UPSTATE NEW YORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Shannon Director | Officer | 24 | $38,064 |
David Marsh Trustee | OfficerTrustee | 1 | $0 |
Gabriel Rosetti III Trustee | Trustee | 1 | $0 |
Daniel Kuntz Trustee | Trustee | 1 | $0 |
Edward Giardini Jr Trustee | Trustee | 1 | $0 |
Earl R Hall 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 | $58,900 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,900 |
| Total Program Service Revenue | $471,257 |
| Investment income | $0 |
| 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 | $530,276 |
| 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. | $38,223 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $129,272 |
| Pension plan accruals and contributions | $7,488 |
| Other employee benefits | $3,380 |
| Payroll taxes | $20,069 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,566 |
| Fees for services: Accounting | $13,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12,723 |
| Information technology | $4,086 |
| Royalties | $0 |
| Occupancy | $25,519 |
| Travel | $6,748 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $720 |
| Interest | $4,270 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,707 |
| Insurance | $13,345 |
| All other expenses | $0 |
| Total functional expenses | $391,146 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $631,368 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $76,024 |
| 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 | $8,620 |
| Net Land, buildings, and equipment | $121,997 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $838,009 |
| Accounts payable and accrued expenses | $1,385 |
| 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 | $138,536 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,778 |
| Total liabilities | $155,699 |
| Net assets without donor restrictions | $682,310 |
| 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 | $838,009 |
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Joint Apprenticeship And Training Trust Fund Local 103 Ibew Boston, MA | $13,179,581 | $8,861,151 |
Nueva Esperanza Philadelphia, PA | $22,032,264 | $12,218,705 |