International Union Of Operating Engineers Local 4 Labr Mgt Corp Tr
- Assets
- $11.8m
- Revenue
- $3.1m
- Investments
- $4.0m
- Employees
- 0
- Location
- Medway, MA
- Founding
- 10/1995
- Data as of
- 12/2022
- EIN
- 04-6254465
Organization Overview
International Union Of Operating Engineers Local 4 Labr Mgt Corp Tr is located in Medway, MA. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Union Of Operating Engineers Local 4 Labr Mgt Corp Tr 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, International Union Of Operating Engineers Local 4 Labr Mgt Corp Tr generated $3.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, International Union Of Operating Engineers Local 4 Labr Mgt Corp Tr has awarded 144 individual grants totaling $5,063,999. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE LABOR MANAGEMENT RELATIONSHIPS, PRESERVE EMPLOYMENT SECURITY, ENHANCE ECONOMIC DEVELOPMENT IN THE COMMUNITY AND IMPROVE COMMUNICATION WITH RESPECT TO INDUSTRY ADVANCEMENTS, AND TO PROMOTE THE ECONOMIC COMPETITIVENESS OF OPERATING ENGINEERS AND EMPLOYERS IN THE INDUSTRY, PRIMARILY BY AWARDING GRANTS TO ELIGIBLE EMPLOYERS WHO ARE COLLECTIVELY BARGAINED WITH THE UNION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO IMPROVE LABOR MANAGEMENT RELATIONSHIPS, PRESERVE EMPLOYMENT SECURITY, ENHANCE ECONOMIC DEVELOPMENT IN THE COMMUNITY AND IMPROVE COMMUNICATION WITH RESPECT TO INDUSTRY ADVANCEMENTS, AND TO PROMOTE THE ECONOMIC COMPETITIVENESS OF OPERATING ENGINEERS AND EMPLOYERS IN THE INDUSTRY, PRIMARILY BY AWARDING GRANTS TO ELIGIBLE EMPLOYERS WHO ARE COLLECTIVELY BARGAINED WITH THE UNION.
TO IMPROVE LABOR MANAGEMENT RELATIONSHIPS, PRESERVE EMPLOYMENT SECURITY, ENHANCE ECONOMIC DEVELOPMENT IN THE COMMUNITY AND IMPROVE COMMUNICATION WITH RESPECT TO INDUSTRY ADVANCEMENTS, AND TO PROMOTE THE ECONOMIC COMPETITIVENESS OF OPERATING ENGINEERS AND EMPLOYERS IN THE INDUSTRY, PRIMARILY BY AWARDING GRANTS TO ELIGIBLE EMPLOYERS WHO ARE COLLECTIVELY BARGAINED WITH THE UNION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William D Mclaughlin Union Trustee | Trustee | 1 | $0 |
Christopher L Carey Union Trustee | Trustee | 1 | $0 |
Albert J Welch III Employer Trustee | Trustee | 1 | $0 |
Robert Pine Employer Trustee | Trustee | 1 | $0 |
Robert Burr Union Trustee | Trustee | 1 | $0 |
David Dobson Jr Union 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 | $2,848,067 |
| Investment income | $215,993 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $19,150 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,083,919 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,593,274 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $58,896 |
| Fees for services: Accounting | $22,156 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,563 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $15,938 |
| Information technology | $44,835 |
| Royalties | $0 |
| Occupancy | $7,444 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $337 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $319 |
| Insurance | $11,729 |
| All other expenses | $0 |
| Total functional expenses | $2,365,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,118,878 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $321,804 |
| 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 | $15,563 |
| Net Land, buildings, and equipment | $160 |
| Investments—publicly traded securities | $4,334,944 |
| Investments—other securities | $4,020,870 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,812,219 |
| Accounts payable and accrued expenses | $111,812 |
| Grants payable | $80,779 |
| 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 | $4,149,767 |
| Total liabilities | $4,342,358 |
| Net assets without donor restrictions | $0 |
| 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 | $7,469,861 |
| Total liabilities and net assets/fund balances | $11,812,219 |
Grants Awarded
Over the last fiscal year, International Union Of Operating Engineers Local 4 Labr Mgt Corp Tr has awarded $2,581,560 in support to 68 organizations.
| Grant Recipient | Amount |
|---|---|
A VOZZELLA & SONS PURPOSE: TO SUCCESSFULLY BID AND OBTAIN JOBS IN CONSTRUCTION INDUSTRY | $10,499 |
ALBANESE BROS INC PURPOSE: TO SUCCESSFULLY BID AND OBTAIN JOBS IN CONSTRUCTION INDUSTRY | $23,367 |
ALBANESE D&S INC PURPOSE: TO SUCCESSFULLY BID AND OBTAIN JOBS IN CONSTRUCTION INDUSTRY | $57,292 |
BALTAZAR CONTRACTORS INC PURPOSE: TO SUCCESSFULLY BID AND OBTAIN JOBS IN CONSTRUCTION INDUSTRY | $14,117 |
BARLETTA HEAVY DIVISION PURPOSE: TO SUCCESSFULLY BID AND OBTAIN JOBS IN CONSTRUCTION INDUSTRY | $71,143 |
BOND CIVIL UTILITY CONSTRUCTION INC PURPOSE: TO SUCCESSFULLY BID AND OBTAIN JOBS IN CONSTRUCTION INDUSTRY | $24,537 |