Labor-Management Union Carpentry Cooperation Promotion Fund
- Assets
- $40.5m
- Revenue
- $9.4m
- Investments
- $0.0
- Employees
- 1
- Location
- Chicago, IL
- Founding
- 11/2001
- Data as of
- 12/2023
- EIN
- 36-4273836
Organization Overview
Labor-Management Union Carpentry Cooperation Promotion Fund is located in Chicago, IL. The organization was established in 2001. 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. Labor-Management Union Carpentry Cooperation Promotion Fund is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Labor-Management Union Carpentry Cooperation Promotion Fund generated $9.4m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $6.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Labor-Management Union Carpentry Cooperation Promotion Fund has awarded 68 individual grants totaling $1,890,309. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
LABOR MANAGEMENT COOPERATION COMMITTEE
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PRESERVE AND REVITALIZE THE CARPENTRY INDUSTRY AND TO INCREASE OPPORTUNITIES FOR THE BARGAINING UNIT EMPLOYEES AND EMPLOYERS. TO ESTABLISH COOPERATIVE AND HARMONIOUS LABOR - MGMT. RELATIONS IN THE INDUSTRY. TO INCREASE EMPLOYMENT OPPORTUNITIES FOR JOURNEYMEN AND APPRENTICES. TO ENCOURAGE MAINTENANCE OF THE HIGHEST STANDARDS OF CRAFTSMANSHIP AND WORKING CONDITIONS IN THE INDUSTRY. TO ESTABLISH A PROGRAM TO ACTIVELY PROMOTE THE UNION CARPENTRY INDUSTRY. TO PROVIDE A FORUM FOR OPEN AND HONEST DISCUSSION AND RESEARCH OF PROBLEMS CONFRONTING EMPLOYERS AND EMPLOYEES IN THE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Perinar Jr Trustee/administrator | Trustee | 5 | $30,000 |
Jeffrey Isaacson Trustee | Trustee | 1 | $0 |
Joel Pogose Trustee | Trustee | 1 | $0 |
Gerald W Thiel Jr Trustee | Trustee | 1 | $0 |
Stan Pepper Trustee | Trustee | 1 | $0 |
Terrence Roche Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Elkhorn Entertainment Inc Media Entertainment | 12/30/23 | $278,017 |
Amalgamated Bank Of Chicago Cash And Investment Management | 12/30/23 | $114,115 |
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 | $8,227,319 |
| Investment income | $1,299,044 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$164,737 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,361,626 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $421,300 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $1,803,005 |
| Compensation of current officers, directors, key employees. | $30,000 |
| 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 | $2,429 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,341 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $111,578 |
| Fees for services: Other | $0 |
| Advertising and promotion | $389,584 |
| Office expenses | $2,536 |
| 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 | $83,876 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $6,350,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $195,547 |
| Savings and temporary cash investments | $1,629,637 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $38,687,271 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $40,512,455 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $40,512,455 |
| 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 | $40,512,455 |
Grants Awarded
Over the last fiscal year, Labor-Management Union Carpentry Cooperation Promotion Fund has awarded $388,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ARISE PURPOSE: CHARITABLE CONTRIBUTION | $40,000 |
PATHWAY TO ADVENTURE COUNCIL BSA PURPOSE: CHARITABLE CONTRIBUTION | $10,000 |
SPECIAL OLYMPICS OF ILLINOIS PURPOSE: CHARITABLE CONTRIBUTION | $25,000 |
AMERICAN HEART ASSOCIATION PURPOSE: CHARITABLE CONTRIBUTION | $20,000 |
CHICAGO WOMEN IN TRADES PURPOSE: CHARITABLE CONTRIBUTION | $30,000 |
MISERICORDIA PURPOSE: CHARITABLE CONTRIBUTION | $10,000 |