Laborers-Employers Benefit Plan Collection Trust
- Assets
- $3.3m
- Revenue
- $316.4m
- Investments
- $0.0
- Employees
- 9
- Location
- Washington, DC
- Founding
- 09/1995
- Data as of
- 12/2022
- EIN
- 52-6681436
Organization Overview
Laborers-Employers Benefit Plan Collection Trust is located in Washington, DC. The organization was established in 1995. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2022, Laborers-Employers Benefit Plan Collection Trust employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laborers-Employers Benefit Plan Collection 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 12/2022, Laborers-Employers Benefit Plan Collection Trust generated $316.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $318.2m during the year ending 12/2022. While expenses have increased by 1.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FACILITATE COLLECTION AND DISBURSEMENT OF CONTRIBUTIONS AND BENEFITS
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEBPCT PROCESS HOURS CONTINUE TO BE HIGH: APPROXIMATE TOTAL HOURS PROCESSED IN 2018 OVER 31.5 MILLION; 2019 OVER 25.6 MILLION; 2020 OVER 19.2 MILLION; 2021 OVER 19.6 MILLION; 2022 OVER 16.6 MILLION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Penn Trustee | Trustee | 1 | $0 |
Jon Rocco Davis Trustee | Trustee | 1 | $0 |
Dennis Martire Trustee | Trustee | 1 | $0 |
Terrence M Healy Trustee | Trustee | 1 | $0 |
Dave Williams Trustee | Trustee | 1 | $0 |
David Nelson 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 | $316,244,136 |
| Investment income | $28,811 |
| 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 | $316,415,067 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $680,097 |
| Pension plan accruals and contributions | $213,931 |
| Other employee benefits | $260,789 |
| Payroll taxes | $58,387 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,547 |
| Fees for services: Accounting | $40,130 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $101,113 |
| Advertising and promotion | $0 |
| Office expenses | $27,975 |
| Information technology | $55,920 |
| Royalties | $0 |
| Occupancy | $136,552 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $93,748 |
| Insurance | $20,324 |
| All other expenses | $0 |
| Total functional expenses | $318,156,131 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,750,312 |
| 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 | $1,549,880 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,300,192 |
| Accounts payable and accrued expenses | $1,048 |
| 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 | $3,437,746 |
| Total liabilities | $3,438,794 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$138,602 |
| 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 | $3,300,192 |