Laborers-Employers Cooperation And Education Trust
- Assets
- $17.5m
- Revenue
- $8.9m
- Investments
- $0.0
- Employees
- 27
- Location
- Washington, DC
- Founding
- 07/1989
- Data as of
- 12/2023
- EIN
- 52-6367549
Organization Overview
Laborers-Employers Cooperation And Education Trust is located in Washington, DC. The organization was established in 1989. 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, Laborers-Employers Cooperation And Education Trust employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laborers-Employers Cooperation And Education 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 12/2023, Laborers-Employers Cooperation And Education Trust generated $8.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $8.2m during the year ending 12/2023. While expenses have increased by 3.0% per year over the past 9 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 2015, Laborers-Employers Cooperation And Education Trust has awarded 58 individual grants totaling $1,476,982. 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
THE MISSION IS TO MAXIMIZE PROJECT OPPORTUNITIES FOR SIGNATORY CONTRACTORS AND JOB OPPORTUNITIES FOR LIUNA MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERATING BUSINESS OPPORTUNITIES FOR UNION CONTRACTORS AND JOB OPPORTUNITIES FOR UNION MEMBERS BY FOCUSING ON COMMUNICATIONS, MARKET RESEARCH, MARKETING, PROJECT TRACKING AND FIELD COORDINATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brent Booker Co-Chairman | OfficerTrustee | 2 | $0 |
Michael Sabitoni Trustee | Trustee | 2 | $0 |
Terrence Healy Trustee | Trustee | 2 | $0 |
Joseph Mancinelli Trustee | Trustee | 2 | $0 |
Robert Richardson Trustee | Trustee | 2 | $0 |
Donato Bianco Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Y Media Labs Llc It Consulting | 12/30/23 | $281,453 |
Mobomo Llc It Consulting | 12/30/23 | $204,500 |
Industrial Info Resources Global Market Intelligence | 12/30/23 | $133,614 |
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 | $7,421,525 |
| Investment income | $446,905 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $977,555 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,945,985 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $166,000 |
| 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. | $488,011 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,018,458 |
| Pension plan accruals and contributions | $679,304 |
| Other employee benefits | $731,462 |
| Payroll taxes | $182,520 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,100 |
| Fees for services: Accounting | $115,576 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $48,766 |
| Fees for services: Other | $485,953 |
| Advertising and promotion | $292,248 |
| Office expenses | $770,779 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $328,481 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $463,004 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $60,507 |
| Insurance | $78,999 |
| All other expenses | $0 |
| Total functional expenses | $8,174,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,269,586 |
| Savings and temporary cash investments | $321,929 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $329,061 |
| 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 | $126,367 |
| Investments—publicly traded securities | $13,452,317 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,499,260 |
| Accounts payable and accrued expenses | $386,040 |
| 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 | $386,040 |
| Net assets without donor restrictions | $17,113,220 |
| 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 | $17,499,260 |
Grants Awarded
Over the last fiscal year, Laborers-Employers Cooperation And Education Trust has awarded $163,500 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
TRANSPORTATION CALIFORNIA PURPOSE: CONTRIBUTION TO PROGRAM- SUPPORT COALITION OF LABOR ORGANIZATIONS | $30,000 |
DC FRIENDS OF IRELAND PURPOSE: CONTRIBUTION TO PROGRAM | $10,000 |
WASHINGTON IRELAND PROGRAM PURPOSE: CONTRIBUTION TO PROGRAM | $10,000 |
SEIA PURPOSE: CONTRIBUTION TO PROGRAM | $15,000 |
LIUNA PSW EDUCATION & EVENT FUND PURPOSE: CONTRIBUTION TO PROGRAM | $6,000 |
LABORERS HEALTH & SAFETY FUND PURPOSE: CONTRIBUTION TO PROGRAM | $52,500 |