Laborers Health & Safety Fund Of North America
- Assets
- $13.5m
- Revenue
- $10.4m
- Investments
- $0.0
- Employees
- 45
- Location
- Washington, DC
- Founding
- 03/1989
- Data as of
- 12/2023
- EIN
- 52-1569286
Organization Overview
Laborers Health & Safety Fund Of North America is located in Washington, DC. The organization was established in 1989. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2023, Laborers Health & Safety Fund Of North America employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laborers Health & Safety Fund Of North America 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, Laborers Health & Safety Fund Of North America generated $10.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $10.5m during the year ending 12/2023. While expenses have increased by 3.3% per year over the past 8 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.
Since 2016, Laborers Health & Safety Fund Of North America has awarded 27 individual grants totaling $300,000. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Armand E Sabitoni Co-Chairman (former) | OfficerTrustee | 4 | $0 |
Noel C Borck Co-Chairman (former) | OfficerTrustee | 4 | $0 |
Brent Booker Co-Chairman | OfficerTrustee | 4 | $0 |
David F Rampone Co-Chairman | OfficerTrustee | 4 | $0 |
Michael F Sabitoni Trustee | Trustee | 2 | $0 |
Dennis L Martire Trustee | Trustee | 2 | $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 | $6,528,370 |
| Investment income | $393,874 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $498,308 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,400,521 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $77,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $32,101 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $790,202 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,046,078 |
| Pension plan accruals and contributions | $1,358,302 |
| Other employee benefits | $1,087,555 |
| Payroll taxes | $296,049 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,124 |
| Fees for services: Accounting | $32,605 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $41,773 |
| Fees for services: Other | $275,457 |
| Advertising and promotion | $3,987 |
| Office expenses | $620,939 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $672,691 |
| Travel | $273,123 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $64,558 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $133,897 |
| Insurance | $78,092 |
| All other expenses | $0 |
| Total functional expenses | $10,472,187 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $1,198,024 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $277,337 |
| 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 | $267,912 |
| Investments—publicly traded securities | $11,790,056 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,533,529 |
| Accounts payable and accrued expenses | $546,180 |
| 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 | $546,180 |
| Net assets without donor restrictions | $12,987,349 |
| 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 | $13,533,529 |
Grants Awarded
Over the last fiscal year, Laborers Health & Safety Fund Of North America has awarded $50,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ARMAND E SABITONI CHARITABLE FOUNDATION PURPOSE: CHARITABLE SUPPORT | $25,000 |
TERENCE J O'SULLIVAN LIUNA CHARITABLE FOUNDATION PURPOSE: CHARITABLE SUPPORT | $15,000 |
JOHNS HOPKINS MEDICINE PURPOSE: KIMMEL CANCER CENTER | $10,000 |