Nuclear Power Labor Management Cooperation Committee Trust
- Assets
- $7.6m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 1
- Location
- Washington, DC
- Founding
- 02/2011
- Data as of
- 06/2022
- EIN
- 27-2715179
Organization Overview
Nuclear Power Labor Management Cooperation Committee Trust is located in Washington, DC. The organization was established in 2011. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nuclear Power Labor Management Cooperation Committee 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, Nuclear Power Labor Management Cooperation Committee Trust generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $4.4m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Nuclear Power Labor Management Cooperation Committee Trust has awarded 16 individual grants totaling $2,655,000. 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 NUCLEAR POWER LABOR MANAGEMENT COOPERATION COMMITTEE TRUST (TRUST) EXISTS TO ASSIST EMPLOYERS AND UNIONS IN SOLVING PROBLEMS OF MUTUAL CONCERN AS PROVIDED FOR BY SECTION 302(C)(9) OF THE TAFT-HARTLEY ACT, 29 USC, SECTION 186(C)(9) FOR ANY AND ALL PURPOSES SET FORTH IN SECTION 6(B) OF THE LABOR-MANAGEMENT COOPERATION ACT OF 1978, INCLUDING THE ENCOURAGEMENT AND SUPPORT OF THE CONSTRUCTION AND OPERATION OF NUCLEAR POWER FACILITIES. THE TRUST'S JOINT LABOR MANAGEMENT ACTIVITIES ARE DESIGNED TO IMPROVE LABOR-MANAGEMENT RELATIONS, JOB SECURITY, COMPETITIVENESS, PRODUCTIVITY, ORGANIZATIONAL EFFECTIVENESS, AND ECONOMIC DEVELOPMENT IN THE CONSTRUCTION INDUSTRY AND IN PARTICULAR IN THE NUCLEAR POWER CONSTRUCTION INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPLORING WAYS TO INCREASE PRODUCTIVITY, DEVELOPING INNOVATIVE SKILLS-UPGRADING PROGRAMS, RECRUITING NEW WORKERS FOR THE CONSTRUCTION AND OPERATION OF NUCLEAR FACILITIES INCLUDING MINORITIES AND WOMEN, AND DEVELOPING OTHER SPECIAL PROGRAMS FOR THE BENEFIT OF THE NUCLEAR INDUSTRY AND ITS WORKFORCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Mcgarvey Co-Chair | OfficerTrustee | 1 | $0 |
Brent Booker Co-Chair | OfficerTrustee | 1 | $0 |
Lonnie Stephenson Trustee | Trustee | 1 | $0 |
Eric Dean Trustee | Trustee | 1 | $0 |
Newton Jones Trustee | Trustee | 1 | $0 |
Mark Mcmanus 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 | $3,071,621 |
| Investment income | $10,029 |
| 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 | $3,081,650 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,555,000 |
| 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. | $260,831 |
| 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 | $12,758 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,189 |
| Fees for services: Accounting | $6,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,821 |
| Fees for services: Other | $274,292 |
| Advertising and promotion | $25,000 |
| Office expenses | $1,020 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $52,815 |
| 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 | $8,329 |
| Insurance | $9,278 |
| All other expenses | $487 |
| Total functional expenses | $4,398,943 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $433,086 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $244,790 |
| 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 | $4,610 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $6,938,125 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,620,611 |
| Accounts payable and accrued expenses | $137,458 |
| 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 | $137,458 |
| Net assets without donor restrictions | $7,483,153 |
| 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 | $7,620,611 |
Grants Awarded
Over the last fiscal year, Nuclear Power Labor Management Cooperation Committee Trust has awarded $2,555,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED WAY PURPOSE: DONATION | $20,000 |
DIABETES RESEARCH INSTITUTE PURPOSE: DONATION | $25,000 |
MARINE TOYS FOR TOTS PURPOSE: DONATION | $30,000 |
WREATHS ACROSS AMERICA PURPOSE: DONATION | $7,500 |
IBEW 1579 PURPOSE: SUPPORT | $15,000 |
TRADESFUTURE PURPOSE: SUPPORT | $1,600,000 |