New Jersey Labor-Management Committee
- Assets
- $372.7k
- Revenue
- $17.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Bordentown, NJ
- Founding
- 12/1998
- Data as of
- 12/2023
- EIN
- 22-3449783
Organization Overview
New Jersey Labor-Management Committee is located in Bordentown, NJ. The organization was established in 1998. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Jersey Labor-Management Committee 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 Labor-Management Committee generated $17.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (14.2%) each year. All expenses for the organization totaled $196.0k during the year ending 12/2023. 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
A. TO IMPROVE COMMUNICATIONS AND ENCOURAGE COOPERATIVE, HARMONIOUS AND STABLE LABOR-MANAGEMENT RELATIONS IN THE MASONRY INDUSTRY AND TO PROVIDE A FORUM TO DISCUSS MUTUAL INTERESTS;B. TO PRESERVE, IDENTIFY AND EXPAND WORK OPPORTUNITIES FOR MASONS AND THEIR EMPLOYERS IN THE INDUSTRY;C. TO ENHANCE THE ECONOMIC DEVELOPMENT AND COMPETITIVENESS OF THE UNIONIZED MASONRY INDUSTRY AND THE JOB SECURITY OF EMPLOYEES IN THE INDUSTRY AND ELIMINATE THE PROBLEMS OF REDUCED COMPETITIVENESS AND THE INHIBITION OF ECONOMIC DEVELOPMENT OF THE UNIONIZED MASONRY INDUSTRY;D. TO PROMOTE THE ESTABLISHMENT AND MAINTENANCE OF QUALITY TRAINING PROGRAMS FOR MASONS EMPLOYED OR TO BE EMPLOYED IN THE INDUSTRY;E. TO FOSTER GOODWILL AND ECONOMIC DEVELOPMENT IN COMMUNITIES SERVED BY THE INDUSTRY;F. TO ASSIST AND ASSURE EFFECTIVE ENFORCEMENT OF STATE AND FEDERAL PREVAILING WAGE LEGISLATION BY, AMONG OTHER THINGS, MONITORING JOB SITES, GATHERING DATA, PRESENTING INFORMATION AND EVIDENCE TO APPROPRIATE FEDERAL AND STATE AG
Describe the Organization's Program Activity:
Part 3 - Line 4a
A. TO IMPROVE COMMUNICATIONS AND ENCOURAGE COOPERATIVE, HARMONIOUS AND STABLE LABOR-MANAGEMENT RELATIONS IN THE MASONRY INDUSTRY AND TO PROVIDE A FORUM TO DISCUSS MUTUAL INTERESTS;B. TO PRESERVE, IDENTIFY AND EXPAND WORK OPPORTUNITIES FOR MASONS AND THEIR EMPLOYERS IN THE INDUSTRY;C. TO ENHANCE THE ECONOMIC DEVELOPMENT AND COMPETITIVENESS OF THE UNIONIZED MASONRY INDUSTRY AND THE JOB SECURITY OF EMPLOYEES IN THE INDUSTRY AND ELIMINATE THE PROBLEMS OF REDUCED COMPETITIVENESS AND THE INHIBITION OF ECONOMIC DEVELOPMENT OF THE UNIONIZED MASONRY INDUSTRY;D. TO PROMOTE THE ESTABLISHMENT AND MAINTENANCE OF QUALITY TRAINING PROGRAMS FOR MASONS EMPLOYED OR TO BE EMPLOYED IN THE INDUSTRY;E. TO FOSTER GOODWILL AND ECONOMIC DEVELOPMENT IN COMMUNITIES SERVED BY THE INDUSTRY;F. TO ASSIST AND ASSURE EFFECTIVE ENFORCEMENT OF STATE AND FEDERAL PREVAILING WAGE LEGISLATION BY, AMONG OTHER THINGS, MONITORING JOB SITES, GATHERING DATA, PRESENTING INFORMATION AND EVIDENCE TO APPROPRIATE FEDERAL AND STATE AGENCIES, AND TO TAKE SUCH OTHER ACTION AS WILL FURTHER THE ADMINISTRATION AND ENFORCEMENT OF PREVAILING WAGE LEGISLATION;G. TO ENCOURAGE FREE COLLECTIVE BARGAINING BETWEEN THE UNION AND EMPLOYERS IN THE INDUSTRY;H. TO SOLICIT AND OTHERWISE RAISE FUNDS TO FINANCE THE TRUST'S ACTIVITIES FROM ANY LAWFUL SOURCE, INCLUDING UNIONS, EMPLOYERS, PRIVATE FOUNDATIONS, AND THE FEDERAL, STATE AND LOCAL GOVERNMENTS;I. TO DO EVERYTHING THAT MAY BE NECCESSARY, SUITABLE OR PROPER TO ACCOMPLISH ANY OF THE PURPOSES, OR TO ATTAIN ANY OF THE OBJECTS, HEREINBEFORE ENUMERATED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John F Capo Trustee | Trustee | 0 | $0 |
Lynn Canfield Trustee | Trustee | 0 | $0 |
Kenneth Simone Trustee | Trustee | 0 | $0 |
Leon Jones Trustee | Trustee | 0 | $0 |
Jack Kocsis Jr Trustee | Trustee | 0 | $0 |
Michael Travostino Trustee | 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 | $924 |
| Investment income | $14,783 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,957 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,664 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,000 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $51,925 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $220 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,691 |
| All other expenses | $0 |
| Total functional expenses | $195,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,139 |
| Savings and temporary cash investments | $309,379 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $90 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,137 |
| Total assets | $372,745 |
| Accounts payable and accrued expenses | $5,050 |
| 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 | $5,050 |
| 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 | $367,695 |
| Total liabilities and net assets/fund balances | $372,745 |