Laborers International Union Of North America is located in Chestnut Ridge, NY. The organization was established in 1940. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 06/2023, Laborers International Union Of North America employed 13 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Laborers International Union Of North America is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2023, Laborers International Union Of North America generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $1.3m during the year ending 06/2023. 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
ORGANIZATION AND REPRESENTATION OF WORKERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REPRESENTATION OF MEMBERS IN THE COLLECTIVE BARGAINING PROCESS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Stephen J Reich Business Manager | Officer | 40 | $221,740 |
Kenneth Lewis Former President | Officer | 40 | $34,057 |
Bradley Ashford Executive Board | Officer | 1 | $3,500 |
Brian Barbera Executive Board | Officer | 1 | $4,000 |
Robert Bonomolo Secretary Treasurer | Officer | 1 | $7,000 |
Joseph Coskey President | Officer | 40 | $5,500 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $1,473,056 |
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 | $1,473,056 |
Total Program Service Revenue | $0 |
Investment income | $78,234 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$89,520 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,545,895 |
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 | $2,000 |
Compensation of current officers, directors, key employees. | $284,797 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $82,058 |
Pension plan accruals and contributions | $96,781 |
Other employee benefits | $95,050 |
Payroll taxes | $27,438 |
Fees for services: Management | $0 |
Fees for services: Legal | $5,582 |
Fees for services: Accounting | $20,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $20,006 |
Fees for services: Other | $13,050 |
Advertising and promotion | $586 |
Office expenses | $10,910 |
Information technology | $8,910 |
Royalties | $0 |
Occupancy | $72,000 |
Travel | $25,401 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $27,275 |
Interest | $0 |
Payments to affiliates | $72,392 |
Depreciation, depletion, and amortization | $27,679 |
Insurance | $13,009 |
All other expenses | $34,926 |
Total functional expenses | $1,290,768 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $131,862 |
Savings and temporary cash investments | $5,132,178 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $29,925 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $472,874 |
Total assets | $5,766,839 |
Accounts payable and accrued expenses | $0 |
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 | $139,376 |
Total liabilities | $139,376 |
Net assets without donor restrictions | $5,627,463 |
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 | $5,766,839 |