New York Lathers Apprenticeship Fund
- Assets
- $6.4m
- Revenue
- $828.8k
- Investments
- $6.0m
- Employees
- 16
- Location
- Woodside, NY
- Founding
- 02/1981
- Data as of
- 12/2021
- EIN
- 13-3049630
Organization Overview
New York Lathers Apprenticeship Fund is located in Woodside, NY. The organization was established in 1981. According to its NTEE Classification (J11) the organization is classified as: Single Organization Support, under the broad grouping of Employment and related organizations. As of 12/2021, New York Lathers Apprenticeship Fund employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York Lathers Apprenticeship 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, New York Lathers Apprenticeship Fund generated $828.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 7 years. 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
PROVIDING TRAINING AND EDUCATION TO DEVELOP AND MAINTAIN THE SKILLS OF THE METAL LATHERS LOCAL 46 WORKERS AS WELL AS PROMOTING WORKER SAFETY AND PRODUCTIVITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATE AND TRAIN APPRENTICES AS METAL LATHERS AND PROVIDE TRAINING ON WORK SAFETY WITHIN THE TRADE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Langan Apprenticeship Coordinator | Officer | 41 | $144,311 |
Alex Bonilla Fund Administator-Past | Officer | 1 | $0 |
Michael Anderson Trustee | Trustee | 1 | $0 |
John Clausman Trustee | Trustee | 1 | $0 |
John Coffey Trustee | Trustee | 1 | $0 |
George Fernandez 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 | $533,311 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $283,949 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $828,758 |
| 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. | $251,673 |
| Compensation of current officers, directors, key employees. | $15,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $269,159 |
| Pension plan accruals and contributions | $37,353 |
| Other employee benefits | $5,091 |
| Payroll taxes | $37,514 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,511 |
| Fees for services: Accounting | $31,245 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,242 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $84,769 |
| Information technology | $2,574 |
| Royalties | $0 |
| Occupancy | $411,050 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $203 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,422 |
| Insurance | $54,305 |
| All other expenses | $0 |
| Total functional expenses | $1,288,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $269,072 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $95,274 |
| 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 | $14,390 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,984,380 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,363,116 |
| Accounts payable and accrued expenses | $54,730 |
| 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 | $0 |
| Total liabilities | $54,730 |
| 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 | $6,308,386 |
| Total liabilities and net assets/fund balances | $6,363,116 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jevs Foundation Philadelphia, PA | $22,378,436 | $5,045,422 |
E & C Property Holdings South Inc Flushing, NY | $55,632,278 | $0 |
Apprenticeship Training Fund Local 138 Farmingdale, NY | $2,557,064 | $2,163,863 |
New York Lathers Apprenticeship Fund Woodside, NY | $6,363,116 | $828,758 |
E & C Property Holdings Inc Flushing, NY | $28,030,443 | $0 |
Cuisine On The Green Inc Toms River, NJ | $231,623 | $683,860 |
Boston Carpenters Training Center Boston, MA | $8,599,890 | $0 |
Edward K Leighton Tr Uw 10104869003 Pittsburgh, PA | $4,325,418 | $891,584 |
Charles Ensley Educational & Scholarship Fund Of The Sseu New York, NY | $65,749 | $267,729 |
County Plumbers Inc Ronkonkoma, NY | $1,423,743 | $115,200 |
Nace Center For Career Development And Talent Acquisition Bethlehem, PA | $1,377 | $0 |
Iron Workers Local 580 Shop Apprenticeship Training-Upgrading Fund New York, NY | $266,925 | $0 |