New England Laborers Health & Safety Fund
- Assets
- $14.9m
- Revenue
- $3.7m
- Investments
- $11.8m
- Employees
- 11
- Location
- Providence, RI
- Founding
- 05/1996
- Data as of
- 12/2022
- EIN
- 04-3241041
Organization Overview
New England Laborers Health & Safety Fund is located in Providence, RI. The organization was established in 1996. 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 12/2022, New England Laborers Health & Safety Fund employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New England Laborers Health & Safety Fund 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, New England Laborers Health & Safety Fund generated $3.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $3.1m during the year ending 12/2022. While expenses have increased by 0.6% 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
PROMOTE AWARENESS OF HEALTH & SAFETY ISSUES FOR THE LABORERS' INTERNATIONAL UNION OF NORTH AMERICA MEMBERS AND THEIR FAMILIES THROUGH EDUCATIONAL MATERIALS AND PROGRAMS,AND IN THE DELIVERY OF HEALTH SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S EXEMPT PURPOSE IS TO CREATE SAFER, HEALTHIER AND MORE COST-EFFECTIVE WORK PLACES BY IDENTIFYING WORK SITE HAZARDS, PROVIDING MEMBERS WITH HEALTH & SAFETY PUBLICATIONS AND ORGANIZING HEALTH FAIRS AND SITE SAFETY AWARENESS PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond C Coia Administrator | Officer | 40 | $198,478 |
Kevin Ferias Media Director | 40 | $140,123 | |
Noel Woolley Program Director | 40 | $122,391 | |
David Scorpio Accounting Manager | 40 | $116,282 | |
Gary Garafano Health & Safety | 40 | $111,022 | |
Jane Viscolosi Health & Safety | 40 | $107,210 |
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 | $3,471,314 |
| Investment income | $233,403 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,665 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,707,382 |
| 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. | $247,835 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $827,392 |
| Pension plan accruals and contributions | $146,671 |
| Other employee benefits | $294,822 |
| Payroll taxes | $79,053 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,000 |
| Fees for services: Accounting | $43,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,974 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,526 |
| Office expenses | $64,577 |
| Information technology | $14,100 |
| Royalties | $0 |
| Occupancy | $65,245 |
| Travel | $87,787 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $98,750 |
| Interest | $0 |
| Payments to affiliates | $465,171 |
| Depreciation, depletion, and amortization | $52,018 |
| Insurance | $64,045 |
| All other expenses | $23,871 |
| Total functional expenses | $3,082,237 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,246,968 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $410,130 |
| 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 | $11,034 |
| Net Land, buildings, and equipment | $122,942 |
| Investments—publicly traded securities | $1,164,870 |
| Investments—other securities | $11,834,181 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $89,379 |
| Total assets | $14,879,504 |
| Accounts payable and accrued expenses | $213,264 |
| 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 | $85,795 |
| Total liabilities | $299,059 |
| Net assets without donor restrictions | $14,580,445 |
| 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 | $14,879,504 |