Plumbers Local Union No 1 Trade & Education Fund
- Assets
- $14.1m
- Revenue
- $6.0m
- Investments
- $594.4k
- Employees
- 0
- Location
- Long Island City, NY
- Founding
- 12/1990
- Data as of
- 12/2021
- 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 12/2021, Plumbers Local Union No 1 Trade & Education Fund generated $6.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $3.6m during the year ending 12/2021. 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
2021
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 |
|---|---|---|---|
Arthur Klock Director Of Training | Officer | 40 | $0 |
Daniel Lucarelli Trustee (p) | Trustee | 2 | $0 |
Michael Apuzzo Trustee | Trustee | 2 | $0 |
Paul O'connor Trustee | Trustee | 2 | $0 |
Freddy Delligatti Trustee | Trustee | 2 | $0 |
Marie Cardoza 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 | $56,091 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,091 |
| Total Program Service Revenue | $5,834,322 |
| Investment income | $69,419 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $39,740 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,002,321 |
| 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 | $41,552 |
| Compensation of current officers, directors, key employees. | $273,300 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,524,079 |
| Pension plan accruals and contributions | $127,876 |
| Other employee benefits | $661,820 |
| Payroll taxes | $147,660 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,950 |
| Fees for services: Accounting | $34,424 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,298 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $75,795 |
| Information technology | $71,376 |
| Royalties | $0 |
| Occupancy | $276,089 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,913 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $227,031 |
| Insurance | $74,057 |
| All other expenses | $0 |
| Total functional expenses | $3,615,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,893,601 |
| Savings and temporary cash investments | $277 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $441,765 |
| 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 | $70,913 |
| Net Land, buildings, and equipment | $7,713,098 |
| Investments—publicly traded securities | $3,254,483 |
| Investments—other securities | $594,445 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $130,439 |
| Total assets | $14,099,021 |
| Accounts payable and accrued expenses | $1,315,543 |
| 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 | $562,057 |
| Total liabilities | $1,877,600 |
| 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 | $12,221,421 |
| Total liabilities and net assets/fund balances | $14,099,021 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Federation Of Teachers New York, NY | $15,634,112 | $19,917,624 |
Sheetmetal Workers Local 12 Pittsburgh, PA | $43,864,039 | $19,934,211 |
International Brotherhood Of Electrical Workers Flushing, NY | $42,808,557 | $29,527,864 |
American Federation Of State County & Municipal Employees New York, NY | $5,666,474 | $18,719,600 |
Laboers International Union Of North America New York, NY | $82,959,218 | $20,599,249 |
Teamsters Local 97 Fund Clark, NJ | $4,130,996 | $17,509,914 |
International Union Of Operating Engineers 825 825 A&b Springfield, NJ | $42,119,361 | $15,523,159 |
Electrical Workers Local No 86 Insurance Fund Plan And Trust Rochester, NY | $26,301,983 | $18,525,409 |
International Brotherhood Of Electrical Workers Dorchester, MA | $20,226,169 | $18,660,825 |
International Union Of Painters And Allied Trades New York, NY | $30,422,741 | $16,478,287 |
International Brotherhood Of Teamsters New York, NY | $10,937,127 | $16,693,793 |
New York State Correctional Albany, NY | $26,423,975 | $18,262,137 |