Operating Engineers Local 137 Labor Management Cooperative T
- Assets
- $1.7m
- Revenue
- $736.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Briarcliff Manor, NY
- Founding
- Data as of
- 12/2021
- EIN
- 82-6654758
Organization Overview
Operating Engineers Local 137 Labor Management Cooperative T is located in Briarcliff Manor, NY. 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. Operating Engineers Local 137 Labor Management Cooperative T is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2021, Operating Engineers Local 137 Labor Management Cooperative T generated $736.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 17.0% each year . All expenses for the organization totaled $817.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Operating Engineers Local 137 Labor Management Cooperative T has awarded 35 individual grants totaling $1,914,196. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE TRUST IS TO IMPROVE COMMUNICATION BETWEEN REPRESENTATIVES OF LABOR AND MANAGEMENT IN THE INDUSTRY; PRESERVE, IDENTIFY AND EXPAND WORK OPPORTUNITIES; PROMOTE EFFICIENCY IN OPERATIONS AND THE ECONOMIC COMPETITIVENESS; PROMOTE THE ESTABLISHMENT AND MAINTENANCE OF QUALITY TRAINING PROGRAMS; ESTABLISH AND MAINTAIN MECHANISMS FOR MONITORING AND ENFORCING COMPLIANCE WITH FEDERAL, STATE AND LOCAL LAWS, RULES, REGULATIONS AND STANDARDS; AND AWARD GRANTS TO ELIGIBLE EMPLOYERS WHO ARE COLLECTIVELY BARGAINED WITH THE UNION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE TRUST IS TO IMPROVE COMMUNICATION BETWEEN REPRESENTATIVES OF LABOR AND MANAGEMENT IN THE INDUSTRY; PRESERVE, IDENTIFY AND EXPAND WORK OPPORTUNITIES; PROMOTE EFFICIENCY IN OPERATIONS AND THE ECONOMIC COMPETITIVENESS; PROMOTE THE ESTABLISHMENT AND MAINTENANCE OF QUALITY TRAINING PROGRAMS; ESTABLISH AND MAINTAIN MECHANISMS FOR MONITORING AND ENFORCING COMPLIANCE WITH FEDERAL, STATE AND LOCAL LAWS, RULES, REGULATIONS AND STANDARDS; AND AWARD GRANTS TO ELIGIBLE EMPLOYERS WHO ARE COLLECTIVELY BARGAINED WITH THE UNION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rita Kostik Fund Manager | Officer | 3 | $0 |
Jeffrey Loughlin Union Trustee | Trustee | 0 | $0 |
James Sasso Union Trustee | Trustee | 0 | $0 |
Michael Miller Union Trustee | Trustee | 0 | $0 |
John Cooney Emp Trustee | Trustee | 0 | $0 |
Mark Fante Emp Trustee | Trustee | 0 | $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 | $730,739 |
| Investment income | $5,777 |
| 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 | $736,516 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $757,450 |
| 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 | $19,439 |
| Pension plan accruals and contributions | $7,809 |
| Other employee benefits | $5,664 |
| Payroll taxes | $1,397 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $275 |
| Fees for services: Accounting | $17,820 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,664 |
| Information technology | $1,327 |
| Royalties | $0 |
| Occupancy | $2,389 |
| 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 | $0 |
| Insurance | $1,533 |
| All other expenses | $0 |
| Total functional expenses | $817,767 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,586,750 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $97,000 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,683,750 |
| Accounts payable and accrued expenses | $77,086 |
| 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 | $77,086 |
| Net assets without donor restrictions | $1,606,664 |
| 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 | $1,683,750 |
Grants Awarded
Over the last fiscal year, Operating Engineers Local 137 Labor Management Cooperative T has awarded $757,450 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
SHAWN'S LAWN INC PURPOSE: TO SUCCESSFULLY BID AND OBTAIN JOBS IN THE CONSTRUCTION INDUSTRY | $224,605 |
MONTESANO CONTRACTING INC PURPOSE: TO SUCCESSFULLY BID AND OBTAIN JOBS IN THE CONSTRUCTION INDUSTRY | $193,262 |
GIANFIA CORP PURPOSE: TO SUCCESSFULLY BID AND OBTAIN JOBS IN THE CONSTRUCTION INDUSTRY | $62,201 |
NORTHBROOK CONTRACTING CORP PURPOSE: TO SUCCESSFULLY BID AND OBTAIN JOBS IN THE CONSTRUCTION INDUSTRY | $43,946 |
BRADHURST SITE CONSTR CORP PURPOSE: TO SUCCESSFULLY BID AND OBTAIN JOBS IN THE CONSTRUCTION INDUSTRY | $41,171 |
AVANTI BUILDING CONSTRUCTION PURPOSE: TO SUCCESSFULLY BID AND OBTAIN JOBS IN THE CONSTRUCTION INDUSTRY | $38,797 |