New Jersey Laborers Employers Cooperation & Education Tr
- Assets
- $30.8m
- Revenue
- $6.7m
- Investments
- $752.3k
- Employees
- 12
- Location
- East Brunswick, NJ
- Founding
- 12/1991
- Data as of
- 12/2023
- EIN
- 22-3060614
Organization Overview
New Jersey Laborers Employers Cooperation & Education Tr is located in East Brunswick, NJ. The organization was established in 1991. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 12/2023, New Jersey Laborers Employers Cooperation & Education Tr employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Jersey Laborers Employers Cooperation & Education Tr is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2023, New Jersey Laborers Employers Cooperation & Education Tr generated $6.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $7.1m during the year ending 12/2023. While expenses have increased by 13.5% 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
TO IMPROVE COMMUNICATIONS, AND ENGENDER COOPERATIVE AND HARMONIOUS RELATIONS, BETWEEN AND AMONG REPRESENTATIVES OF LABOR AND MANAGEMENT IN THE INDUSTRY, AND PROVIDE A FORUM FOR DISCUSSION OF MATTERS OF MUTUAL INTEREST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO IMPROVE COMMUNICATIONS, AND ENGENDER COOPERATIVE AND HARMONIOUS RELATIONS, BETWEEN AND AMONG REPRESENTATIVES OF LABOR AND MANAGEMENT IN THE INDUSTRY, AND PROVIDE A FORUM FOR DISCUSSION OF MATTERS OF MUTUAL INTEREST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael E Hellstrom Co-Chairman | Trustee | 2 | $0 |
Jeffrey Waters Co-Chairman | Trustee | 2 | $0 |
Darlene Regina- Thru 92023 Employer Trustee | Trustee | 2 | $0 |
Mark Hall- Eff 92023 Employer Trustee | Trustee | 2 | $0 |
Jack Kocsis Jr Employer Trustee | Trustee | 2 | $0 |
Anthony Capaccio Labor Trustee | Trustee | 2 | $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 | $6,103,174 |
| Investment income | $685,954 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$99,553 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,689,575 |
| 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. | $1,035,152 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,706,526 |
| Pension plan accruals and contributions | $554,556 |
| Other employee benefits | $2,920,511 |
| Payroll taxes | $163,759 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,106 |
| Fees for services: Accounting | $43,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,141 |
| Fees for services: Other | $4,500 |
| Advertising and promotion | $0 |
| Office expenses | $164,057 |
| Information technology | $25,483 |
| Royalties | $0 |
| Occupancy | $836,802 |
| Travel | $38,699 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $96,481 |
| Interest | $0 |
| Payments to affiliates | $306,791 |
| Depreciation, depletion, and amortization | $74,449 |
| Insurance | $57,622 |
| All other expenses | $0 |
| Total functional expenses | $7,060,870 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,627,185 |
| Savings and temporary cash investments | $6,967,209 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,410,785 |
| 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 | $6,370 |
| Net Land, buildings, and equipment | $364,719 |
| Investments—publicly traded securities | $11,602,809 |
| Investments—other securities | $752,343 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,098,577 |
| Total assets | $30,829,997 |
| Accounts payable and accrued expenses | $284,452 |
| 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 | $18,411,379 |
| Total liabilities | $18,695,831 |
| Net assets without donor restrictions | $12,134,166 |
| 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 | $30,829,997 |