Plumbers Local Union No 1 Trade & Education Fund
- Assets
- $18.0m
- Revenue
- $5.7m
- Investments
- $625.5k
- Employees
- 0
- Location
- Long Island City, NY
- Founding
- 12/1990
- Data as of
- 12/2023
- EIN
- 11-1805197
Organization Overview
Plumbers Local Union No 1 Trade & Education Fund is located in Long Island City, NY. The organization was established in 1990. 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. Plumbers Local Union No 1 Trade & Education Fund 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 12/2023, Plumbers Local Union No 1 Trade & Education Fund generated $5.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $4.9m during the year ending 12/2023. While expenses have increased by 2.4% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION AND MAINTENANCE OF TRADE SCHOOL FOR APPRENTICES AND JOURNEYMEN IN THE PLUMBING AND PIPE FITTING TRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION AND MAINTENANCE OF TRADE SCHOOL FOR APPRENTICES AND JOURNEYMEN IN THE PLUMBING AND PIPE FITTING TRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eugene Boccieri Employer Trustee | Trustee | 2 | $0 |
Paul O'connor Labor Trustee | Trustee | 2 | $0 |
Freddy Delligatti Labor Trustee | Trustee | 2 | $0 |
Marie Cardoza Employer Trustee | Trustee | 2 | $0 |
Jeffery Levine Employer Trustee | Trustee | 2 | $0 |
Richard Gilligan Labor Trustee | Trustee | 2 | $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 | $89,851 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $89,851 |
| Total Program Service Revenue | $5,421,727 |
| Investment income | $167,304 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $36,448 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,744,634 |
| 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 | $189,603 |
| Compensation of current officers, directors, key employees. | $311,655 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,934,499 |
| Pension plan accruals and contributions | $139,772 |
| Other employee benefits | $747,516 |
| Payroll taxes | $171,352 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,847 |
| Fees for services: Accounting | $36,933 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,412 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $91,011 |
| Information technology | $89,532 |
| Royalties | $0 |
| Occupancy | $493,595 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $87,491 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $482,599 |
| Insurance | $43,070 |
| All other expenses | $487 |
| Total functional expenses | $4,930,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,342,995 |
| Savings and temporary cash investments | $1,224 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $530,161 |
| 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 | $42,101 |
| Net Land, buildings, and equipment | $11,872,684 |
| Investments—publicly traded securities | $3,588,316 |
| Investments—other securities | $625,461 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,357 |
| Total assets | $18,039,299 |
| Accounts payable and accrued expenses | $394,594 |
| 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 | $3,307,449 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $72,305 |
| Total liabilities | $3,774,348 |
| 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 | $14,264,951 |
| Total liabilities and net assets/fund balances | $18,039,299 |