Illinois Laborers-Employees Cooperation & Education Tr
- Assets
- $2.7m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 4
- Location
- Springfield, IL
- Founding
- 07/1993
- Data as of
- 12/2023
- EIN
- 37-6304539
Organization Overview
Illinois Laborers-Employees Cooperation & Education Tr is located in Springfield, IL. The organization was established in 1993. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 12/2023, Illinois Laborers-Employees Cooperation & Education Tr employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois Laborers-Employees Cooperation & Education Tr is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2023, Illinois Laborers-Employees Cooperation & Education Tr generated $2.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. While expenses have increased by 1.5% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ADDRESS LABOR-MANAGEMENT NEEDS IN THE STATE OF ILLINOIS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVE AND EXPAND WORK OPPORTUNITIES FOR LABORERS AND THEIR EMPLOYERS IN TEH BUILDING, CONSTRUCTION, ASBESTOS ABATEMENT AND HAZARDOUS SUBSTANCE INDUSTRY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Penn - Past Chairman | OfficerTrustee | 1 | $0 |
Anthony Penn Trustee | Trustee | 1 | $0 |
Glyn Ramage Trustee | Trustee | 1 | $0 |
Timothy Schmidgall - Past Trustee | Trustee | 1 | $0 |
Bruce Holland Trustee | Trustee | 1 | $0 |
Stephen Boyd 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 | $1,524,744 |
| Investment income | $81,819 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $44,089 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,180,652 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $44,465 |
| 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. | $219,351 |
| Compensation of current officers, directors, key employees. | $57,034 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $198,994 |
| Pension plan accruals and contributions | $124,191 |
| Other employee benefits | $32,067 |
| Payroll taxes | $26,033 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,811 |
| Fees for services: Accounting | $8,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,116 |
| Fees for services: Other | $16,401 |
| Advertising and promotion | $0 |
| Office expenses | $125 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,741 |
| 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 | $728,913 |
| Depreciation, depletion, and amortization | $39 |
| Insurance | $7,055 |
| All other expenses | $0 |
| Total functional expenses | $1,536,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,000 |
| Savings and temporary cash investments | $1,040,294 |
| 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 | $8,691 |
| Investments—publicly traded securities | $1,611,218 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,416 |
| Total assets | $2,691,619 |
| Accounts payable and accrued expenses | $255 |
| 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 | $10,646 |
| Total liabilities | $10,901 |
| Net assets without donor restrictions | $2,680,718 |
| 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 | $2,691,619 |
Grants Awarded
Over the last fiscal year, Illinois Laborers-Employees Cooperation & Education Tr has awarded $23,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MCLEAN COUNTY MUSEUM OF HISTORY PURPOSE: 2023 ASBESTOS TRAGEDY CONTRIBUTION | $6,000 |
STRATEGIC ECONOMIC RESEARCH LLC PURPOSE: PARTNER 2023 SPONSORSHIP FOR ILLINOIS RENEWABLE ENERGY CONFERENCE | $7,500 |
TERENCE J O'SULLIVAN CHARITABLE FOUNDATION PURPOSE: ANNUAL GOLD SPONSORSHIP DONATION | $10,000 |