Piping Industry Progress And Ed Labor-Mngmnt Co-Op Comm
- Assets
- $22.6m
- Revenue
- $7.1m
- Investments
- $0.0
- Employees
- 13
- Location
- Los Angeles, CA
- Founding
- 07/1986
- Data as of
- 12/2022
- EIN
- 95-3942172
Organization Overview
Piping Industry Progress And Ed Labor-Mngmnt Co-Op Comm is located in Los Angeles, CA. The organization was established in 1986. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2022, Piping Industry Progress And Ed Labor-Mngmnt Co-Op Comm employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Piping Industry Progress And Ed Labor-Mngmnt Co-Op Comm 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, Piping Industry Progress And Ed Labor-Mngmnt Co-Op Comm generated $7.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $11.7m during the year ending 12/2022. 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
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 |
|---|---|---|---|
Christopher Cheek Director | Officer | 40 | $175,543 |
David Otterstein Director | Officer | 40 | $175,543 |
Jarrod Ferruccio Executive Director | Officer | 40 | $175,543 |
Jeffrey Modrzejewski Director Of Government Affairs | 40 | $175,543 | |
Doug Wilson Director Of Plumbing Services | 40 | $175,543 | |
Luis Reyes Hvacr Specialist | 40 | $150,745 |
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 | $6,610,273 |
| Investment income | $341,198 |
| 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 | $7,071,471 |
| 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. | $801,825 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $514,693 |
| Pension plan accruals and contributions | $128,921 |
| Other employee benefits | $116,080 |
| Payroll taxes | $78,887 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $335,136 |
| Fees for services: Accounting | $176,980 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,843 |
| Advertising and promotion | $234,611 |
| Office expenses | $330,214 |
| Information technology | $46,133 |
| Royalties | $0 |
| Occupancy | $175,115 |
| Travel | $97,880 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $148,004 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,294 |
| Insurance | $53,595 |
| All other expenses | $2,136 |
| Total functional expenses | $11,650,162 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,387,794 |
| Savings and temporary cash investments | $8,000,001 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $681,961 |
| 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 | $42,919 |
| Net Land, buildings, and equipment | $670,645 |
| Investments—publicly traded securities | $6,444,930 |
| Investments—other securities | $0 |
| Investments—program-related | $5,381,955 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,610,205 |
| Accounts payable and accrued expenses | $224,294 |
| 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 | $1,784,951 |
| Total liabilities | $2,009,245 |
| Net assets without donor restrictions | $20,600,960 |
| 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 | $22,610,205 |