Correction Captains Association Inc
- Assets
- $3.0m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 9
- Location
- Brooklyn, NY
- Founding
- 06/1982
- Data as of
- 12/2021
- EIN
- 13-3035012
Organization Overview
Correction Captains Association Inc is located in Brooklyn, NY. The organization was established in 1982. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2021, Correction Captains Association Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Correction Captains Association Inc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2021, Correction Captains Association Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 2.0% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE COLLECTIVE BARGAINING REPRESENTATION TO MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED COLLECTIVE BARGAINING REPRESENTATION TO MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Ferraiuolo President | Officer | 25 | $91,961 |
William Inman 1st VP | Officer | 34 | $57,207 |
Joseph Ferramosca Leg. Chairman | Officer | 40 | $56,455 |
Otis Blount Treasurer | Officer | 10 | $52,348 |
Paul Idlett Ser-At-Arm/1 VP | Officer | 4 | $31,126 |
Lawrence Debianchi Secretary | Officer | 4 | $22,377 |
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 | $1,292,676 |
| Investment income | $66,802 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $31,792 |
| Net Income from Fundraising Events | $17,526 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,520,288 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $43,690 |
| Grants and other assistance to domestic individuals. | $50,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $2,688 |
| Compensation of current officers, directors, key employees. | $361,407 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $56,736 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $35,592 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $298,937 |
| Fees for services: Accounting | $17,000 |
| Fees for services: Lobbying | $24,300 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,750 |
| Fees for services: Other | $0 |
| Advertising and promotion | $64,166 |
| Office expenses | $49,367 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $132,334 |
| Travel | $34,766 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,742 |
| Interest | $0 |
| Payments to affiliates | $1,000 |
| Depreciation, depletion, and amortization | $1,120 |
| Insurance | $37,228 |
| All other expenses | $5,387 |
| Total functional expenses | $1,465,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $239,445 |
| Savings and temporary cash investments | $116,779 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,612 |
| 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 | $32,154 |
| Net Land, buildings, and equipment | $19,487 |
| Investments—publicly traded securities | $2,397,792 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $142,343 |
| Total assets | $2,952,612 |
| Accounts payable and accrued expenses | $17,216 |
| Grants payable | $0 |
| Deferred revenue | $14,900 |
| 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 | $0 |
| Total liabilities | $32,116 |
| Net assets without donor restrictions | $2,920,496 |
| 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 | $2,952,612 |
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 |