Local 57 Operating Engineers Apprenticeship & Skill Improvement
- Assets
- $5.0m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 32
- Location
- Johnston, RI
- Founding
- 08/1972
- Data as of
- 06/2024
- EIN
- 05-0347056
Organization Overview
Local 57 Operating Engineers Apprenticeship & Skill Improvement is located in Johnston, RI. The organization was established in 1972. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 06/2024, Local 57 Operating Engineers Apprenticeship & Skill Improvement employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Local 57 Operating Engineers Apprenticeship & Skill Improvement is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Local 57 Operating Engineers Apprenticeship & Skill Improvement generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $1.3m during the year ending 06/2024. While expenses have increased by 7.5% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE APPRENTICESHIP TRAINING FOR MEN AND WOMEN COMING INTO THE CONSTRUCTION INDUSTRY;TO TRAIN APPRENTICES PRESENTLY IN THE INDUSTRY TO BECOME QUALIFIED JOURNEYPERSONS; AND TO AFFORD SKILL IMPROVEMENT OPPORTUNITIES TO JOURNEYPERSONS ALREADY IN THE CONSTRUCTION INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS PROGRAM HAS BEEN ESTABLISHED EXCLUSIVELY FOR THE PURPOSE OF EDUCATING APPRENTICES TO BECOME DULY QUALIFIED JOURNEYPERSONS IN THE CONSTRUCTION INDUSTRY, AND TO UPGRADE THE EDUCATION OF JOURNEYPERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James J White Trustee | Trustee | 1 | $0 |
Ryan White Trustee | Trustee | 1 | $0 |
Russell Amato Training Coordinator | 40 | $127,786 | |
William Shepard Jr Training Director | 40 | $127,638 | |
Brad Bilodeau Trustee | Trustee | 1 | $0 |
Stephen Cardi 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 | $1,990,224 |
| Investment income | $83,463 |
| 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 | $2,082,117 |
| 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. | $255,424 |
| Compensation of current officers, directors, key employees. | $25,543 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $251,212 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $207,913 |
| Payroll taxes | $35,749 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,500 |
| Fees for services: Accounting | $17,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,031 |
| Advertising and promotion | $0 |
| Office expenses | $52,160 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,174 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,312 |
| Interest | $650 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $229,788 |
| Insurance | $66,539 |
| All other expenses | $0 |
| Total functional expenses | $1,278,163 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,937,610 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $239,013 |
| 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 | $1,801,880 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,978,503 |
| Accounts payable and accrued expenses | $44,069 |
| 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 | $11,105 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $55,174 |
| 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 | $4,923,329 |
| Total liabilities and net assets/fund balances | $4,978,503 |