Edward J Malloy Initiative For Constructive Skills Inc
- Assets
- $2.4m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 3
- Location
- New York, NY
- Founding
- 11/2002
- Data as of
- 12/2023
- EIN
- 13-4147836
Organization Overview
Edward J Malloy Initiative For Constructive Skills Inc is located in New York, NY. The organization was established in 2002. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 12/2023, Edward J Malloy Initiative For Constructive Skills Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edward J Malloy Initiative For Constructive Skills Inc 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 12/2023, Edward J Malloy Initiative For Constructive Skills Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 7.2% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRE-APPRETICESHIP PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S EXEMPT PURPOSE ACHIEVEMENTS ARE TO BETTER EXPOSE STUDENTS TO THE WIDE ARRAY OF CAREER OPPORTUNITIES WITHIN THE BUILDING AND CONSTRUCTION INDUSTRIES THROUGH PRE-APPRENTICESHIP PROGRAMS. THE APPRENTICESHIP PROGRAMS ARE AIMED AT PREPARING HIGH SCHOOL STUDENTS PRIOR TO GRADUATION FOR ENTRY INTO APPRENTICESHIP PROGRAMS WITHIN THE BUILDING AND CONSTRUCTION INDUSTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Labarbera President And CEO | OfficerTrustee | 2 | $0 |
Edwin Lopez Secretary | OfficerTrustee | 2 | $0 |
Jeff Grabelsky Director | Trustee | 2 | $0 |
Darly Corniel Director | Trustee | 2 | $0 |
Paul Fernandes Chairman & Treasurer | OfficerTrustee | 2 | $0 |
Raymond Mcguire Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $143,502 |
| Related organizations | $0 |
| Government grants | $1,192,408 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,341,910 |
| Total Program Service Revenue | $0 |
| Investment income | $4,997 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,346,907 |
| 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. | $164,297 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $190,847 |
| Pension plan accruals and contributions | $46,146 |
| Other employee benefits | $112,310 |
| Payroll taxes | $28,628 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,049 |
| Fees for services: Accounting | $24,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $27,652 |
| Information technology | $6,326 |
| Royalties | $0 |
| Occupancy | $22,100 |
| Travel | $48,344 |
| 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 | $6,012 |
| Insurance | $9,228 |
| All other expenses | $266 |
| Total functional expenses | $1,250,146 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,059,905 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $216,060 |
| 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 | $28,397 |
| Net Land, buildings, and equipment | $52,971 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,357,333 |
| Accounts payable and accrued expenses | $319,269 |
| Grants payable | $0 |
| Deferred revenue | $16,666 |
| 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 | $335,935 |
| Net assets without donor restrictions | $2,021,398 |
| 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 | $2,357,333 |