Laborers Local 17 Educational & Training Fund
- Assets
- $7.7m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 17
- Location
- Newburgh, NY
- Founding
- 11/1987
- Data as of
- 12/2021
- EIN
- 22-2387008
Organization Overview
Laborers Local 17 Educational & Training Fund is located in Newburgh, NY. The organization was established in 1987. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2021, Laborers Local 17 Educational & Training Fund employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laborers Local 17 Educational & Training Fund 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 12/2021, Laborers Local 17 Educational & Training Fund generated $2.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TRAIN & EDUCATE UNION MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING AND EDUCATION OF UNION MEMBERS TO IMPROVE EMPLOYMENT SKILLS AND CREATE NEW SKILLS TO INCREASE EMPLOYMENT OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne K Mackey Administrati | Officer | 46 | $159,665 |
L Todd Diorio Board Chairm | Trustee | 0.5 | $0 |
Dean Tamburri Recording Se | Trustee | 0.5 | $0 |
Jeffrey Diorio Trustee | Trustee | 0.5 | $0 |
Genaro A Argenio Trustee | Trustee | 0.5 | $0 |
Michael Mastropietro Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $581,077 |
| All other contributions, gifts, grants, and similar amounts not included above | $92,134 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $673,211 |
| Total Program Service Revenue | $1,705,716 |
| Investment income | $53,677 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $102,189 |
| Net Gain/Loss on Asset Sales | $34,298 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,569,223 |
| 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. | $159,664 |
| Compensation of current officers, directors, key employees. | $65,841 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $495,597 |
| Pension plan accruals and contributions | $418,923 |
| Other employee benefits | $0 |
| Payroll taxes | $60,539 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,416 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,602 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $16,376 |
| Information technology | $974 |
| Royalties | $0 |
| Occupancy | $383,266 |
| Travel | $37,015 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,527 |
| Interest | $0 |
| Payments to affiliates | $20,159 |
| Depreciation, depletion, and amortization | $219,826 |
| Insurance | $41,833 |
| All other expenses | $3,116 |
| Total functional expenses | $2,299,366 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,320,036 |
| Savings and temporary cash investments | $381,161 |
| Pledges and grants receivable | $90,611 |
| Accounts receivable, net | $172,224 |
| 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 | $16,193 |
| Net Land, buildings, and equipment | $2,998,330 |
| Investments—publicly traded securities | $2,684,286 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,735 |
| Total assets | $7,670,576 |
| Accounts payable and accrued expenses | $54,832 |
| 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 | $500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $554,832 |
| Net assets without donor restrictions | $7,115,744 |
| 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 | $7,670,576 |
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