Northeast Regional Council Of Carpe
- Assets
- $196.8m
- Revenue
- $85.0m
- Investments
- $180.7k
- Employees
- 803
- Location
- Edison, NJ
- Founding
- Data as of
- 06/2017
- EIN
- 22-3848173
Organization Overview
Northeast Regional Council Of Carpe is located in Edison, NJ. As of 06/2017, Northeast Regional Council Of Carpe employed 803 individuals. Northeast Regional Council Of Carpe is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2017, Northeast Regional Council Of Carpe generated $85.0m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 24.8% each year . All expenses for the organization totaled $73.7m during the year ending 06/2017. While expenses have increased by 19.2% per year over the past 2 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE COUNCIL IS TO PROVIDE FOR THE CONTINUOUS EMPLOYMENT OF LABOR, TO BRING ABOUT STABLE CONDITIONS IN THE INDUSTRY, AND TO ESTABLISH AMICABLE ADJUSTMENT OF ALL DISPUTES WHICH MAY ARISE BETWEEN EMPLOYERS AND EMPLOYEES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE COUNCIL IS TO PROVIDE FOR THE CONTINUOUS EMPLOYMENT OF LABOR, TO BRING ABOUT STABLE CONDITIONS IN THE INDUSTRY, AND TO ESTABLISH AMICABLE ADJUSTMENT OF ALL DISPUTES WHICH MAY ARISE BETWEEN EMPLOYERS AND EMPLOYEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Tarby Trustee | Trustee | 40 | $171,240 |
Anthony Verrelli Trustee | Trustee | 40 | $153,479 |
Michael Hand Trustee | Trustee | 40 | $129,973 |
James Malcolm Trustee | Trustee | 40 | $118,982 |
John Ballantyne Exec Sec/tre | Officer | 40 | $276,706 |
William Sproule President | Officer | 40 | $228,168 |
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 | $74,364,792 |
| Investment income | $7,516,389 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$34,601 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $84,971,989 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,955,930 |
| 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. | $3,125,419 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,891,390 |
| Pension plan accruals and contributions | $8,275,180 |
| Other employee benefits | $7,872,372 |
| Payroll taxes | $1,859,407 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $849,407 |
| Fees for services: Accounting | $76,762 |
| Fees for services: Lobbying | $399,177 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $592,567 |
| Fees for services: Other | $79,853 |
| Advertising and promotion | $97,260 |
| Office expenses | $274,419 |
| Information technology | $1,578,424 |
| Royalties | $0 |
| Occupancy | $3,253,183 |
| Travel | $4,535,731 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $977,675 |
| Interest | $0 |
| Payments to affiliates | $590,000 |
| Depreciation, depletion, and amortization | $926,760 |
| Insurance | $858,726 |
| All other expenses | $9,874 |
| Total functional expenses | $73,736,807 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $514,846 |
| Savings and temporary cash investments | $38,454,025 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $17,511,857 |
| Investments—publicly traded securities | $130,344,102 |
| Investments—other securities | $180,730 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,811,911 |
| Total assets | $196,817,471 |
| 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 | $42,274 |
| Total liabilities | $42,274 |
| Unrestricted restricted net Assets | $196,775,197 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $196,775,197 |
Grants Awarded
Over the last fiscal year, Northeast Regional Council Of Carpe has awarded $2,927,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CARPENTERS FUND FOR GROWTH & PROGRE | | | $2,900,000 |
CSCRC DISASTER RELIEF FUND PURPOSE: DONATION | $10,000 |
GOOD SAMARITAN FOUNDATION FOR BETTE | | | $7,000 |
NRCC SCHOLARSHIP FUND PURPOSE: DONATION | $10,000 |