Liuna Local 731 Training Fund
- Assets
- $35.2m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 12
- Location
- Astoria, NY
- Founding
- 02/1997
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Liuna Local 731 Training Fund generated $6.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $5.1m during the year ending 12/2021. While expenses have increased by 4.5% 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
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 |
|---|---|---|---|
James Nethaway Training Dir | 40 | $219,248 | |
Michael Truscello Training COO | 40 | $212,327 | |
Paul Turck Instructor | 40 | $193,133 | |
Timothy Maguire Instructor | 40 | $192,933 | |
Jose Cambeiro Instructor | 40 | $177,657 | |
Joseph D'amato Union Truste | Trustee | 0 | $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 | $6,121,232 |
| Investment income | $470,555 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $286,803 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,900,469 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $216,000 |
| 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 | $1,662,507 |
| Pension plan accruals and contributions | $1,318,903 |
| Other employee benefits | $671,301 |
| Payroll taxes | $110,369 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $91,357 |
| Fees for services: Accounting | $43,370 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $85,026 |
| Fees for services: Other | $17,545 |
| Advertising and promotion | $0 |
| Office expenses | $41,012 |
| Information technology | $53,725 |
| Royalties | $0 |
| Occupancy | $747,744 |
| Travel | $30 |
| 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 | $105,826 |
| Insurance | $28,561 |
| All other expenses | $0 |
| Total functional expenses | $5,073,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $191,248 |
| Savings and temporary cash investments | $13,610,912 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $767,836 |
| 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 | $427,096 |
| Investments—publicly traded securities | $19,850,602 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $359,770 |
| Total assets | $35,207,464 |
| 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 | $35,685 |
| Total liabilities | $35,685 |
| 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 | $35,171,779 |
| Total liabilities and net assets/fund balances | $35,207,464 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Atlantic States Carpenters Training Fund Millbury, MA | $72,466,434 | $22,130,164 |
Building Service Thomas Shortman Training Scholarship And New York, NY | $24,265,152 | $18,661,986 |
New York District Council Crpntrs Apprntcshp Jrnymn Retraing Educa New York, NY | $32,423,989 | $13,554,381 |
Groundtruth Project Inc Boston, MA | $12,977,835 | $12,726,930 |
Northeast Carpenters Apprenticeship Fund Edison, NJ | $19,860,788 | $10,381,249 |
Hawthorne Valley Association Inc Ghent, NY | $11,965,949 | $10,914,219 |
Liuna Training And Education Fund Pomfret Center, CT | $19,387,955 | $9,381,853 |
Operating Engineers Local 825 Springfield, NJ | $22,861,458 | $9,545,959 |
Operating Engineers Local 825 Sub Fund Springfield, NJ | $82,702,164 | $12,313,269 |
Joint Apprenticeship And Training Trust Fund Local 103 Ibew Boston, MA | $13,179,581 | $8,861,151 |
Nueva Esperanza Philadelphia, PA | $22,032,264 | $12,218,705 |
National Automatic Sprinkler Industry Apprentice And Training New Milford, CT | $8,318,559 | $7,669,959 |