Liuna Local 731 Training Fund
- Assets
- $34.2m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 12
- Location
- Astoria, NY
- Founding
- 02/1997
- Data as of
- 12/2022
- EIN
- 13-3900715
Organization Overview
Liuna Local 731 Training Fund is located in Astoria, NY. The organization was established in 1997. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2022, Liuna Local 731 Training Fund employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Liuna Local 731 Training 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 12/2022, Liuna Local 731 Training Fund generated $6.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $5.3m during the year ending 12/2022. While expenses have increased by 2.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
COLLECTIVELY BARGAINED MULTI-EMPLOYER TRAINING FUND PROVIDES TRAINING, RETRAINING & EDUCATION BENEFITS ON BEHALF OF EMPLOYEES OF CONTRIBUTING EMPLOYERS & DEPENDENTS OF SUCH EMPLOYEES
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTIVELY BARGAINED MULTI-EMPLOYER TRAINING FUND TO PROVIDE TRAINING,RE-TRAINING AND EDUCATION BENEFITS ON BEHALF OF EMPLOYEES OF CONTRIBUTING EMPLOYERS & DEPENDENTS OF SUCH EMPLOYEES
COLLECTIVELY BARGAINED MULTI-EMPLOYER TRAINING FUND TO PROVIDE TRAINING,RE-TRAINING AND EDUCATION BENEFITS ON BEHALF OF EMPLOYEES OF CONTRIBUTING EMPLOYERS & DEPENDENTS OF SUCH EMPLOYEES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph D'amato Union Truste | Trustee | 0 | $0 |
Dominic Valdner Union Truste | Trustee | $0 | |
Frank Biancaniello Past Union T | Trustee | 0 | $0 |
James Nethaway Training Dir | Officer | 40 | $226,156 |
Paul Turck Instructor | 40 | $198,921 | |
Timothy Maguire Instructor | 40 | $198,721 |
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 | $6,319,076 |
| Investment income | $556,941 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$79,662 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,806,306 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $234,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,684,346 |
| Pension plan accruals and contributions | $496,064 |
| Other employee benefits | $705,281 |
| Payroll taxes | $113,574 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $98,371 |
| Fees for services: Accounting | $45,348 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $79,285 |
| Fees for services: Other | $13,416 |
| Advertising and promotion | $0 |
| Office expenses | $55,999 |
| Information technology | $71,467 |
| Royalties | $0 |
| Occupancy | $839,788 |
| Travel | $31,871 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $110,422 |
| Insurance | $32,037 |
| All other expenses | $0 |
| Total functional expenses | $5,335,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $286,234 |
| Savings and temporary cash investments | $12,730,467 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $887,110 |
| 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 | $2,717,208 |
| Investments—publicly traded securities | $17,032,466 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $582,287 |
| Total assets | $34,235,772 |
| Accounts payable and accrued expenses | $77,807 |
| 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 | $551,681 |
| Total liabilities | $629,488 |
| 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 | $33,606,284 |
| Total liabilities and net assets/fund balances | $34,235,772 |