Colorado Laborers & Contractors Education & Training Fund
- Assets
- $4.1m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 6
- Location
- Brighton, CO
- Founding
- 06/1970
- Data as of
- 06/2022
- EIN
- 23-7067251
Organization Overview
Colorado Laborers & Contractors Education & Training Fund is located in Brighton, CO. The organization was established in 1970. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 06/2022, Colorado Laborers & Contractors Education & Training Fund employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Laborers & Contractors Education & 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 06/2022, Colorado Laborers & Contractors Education & Training Fund generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $848.3k during the year ending 06/2022. While expenses have increased by 7.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TRAIN INDIVIDUALS IN THE CONSTRUCTION INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAYROLL, RELATED TAXES AND FRINGES BENEFITS
TRAINING RELATED EXPENSES
TRAVEL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jose Pena Employee Trustee | Trustee | 1 | $0 |
Anthony Trujillo Jr Employee Trustee, Chairman | Trustee | 1 | $0 |
Mario Espinoza Employee Trustee | Trustee | 1 | $0 |
Chris Pedersen Employer Trustee | Trustee | 1 | $0 |
Alan Brooker Employer Trustee, Secretar | Trustee | 1 | $0 |
Ken Price Employer Trustee | Trustee | 1 | $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 | $1,156,906 |
| Investment income | $82,741 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$32,245 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,208,443 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $297,443 |
| Pension plan accruals and contributions | $103,742 |
| Other employee benefits | $48,752 |
| Payroll taxes | $28,713 |
| Fees for services: Management | $12,000 |
| Fees for services: Legal | $4,156 |
| Fees for services: Accounting | $12,621 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,244 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,892 |
| Office expenses | $48,656 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,885 |
| Travel | $26,842 |
| 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 | $77,455 |
| Insurance | $37,793 |
| All other expenses | $37,649 |
| Total functional expenses | $848,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,590 |
| Savings and temporary cash investments | $647,553 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $174,384 |
| 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 | $629,673 |
| Investments—publicly traded securities | $2,553,679 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,067,879 |
| Accounts payable and accrued expenses | $22,621 |
| 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 | $22,621 |
| Net assets without donor restrictions | $4,045,258 |
| 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 | $4,067,879 |
Peer Organizations
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|---|---|---|
Southwestern Line Construction Electrical Joint Apprenticeship Albuquerque, NM | $14,369,563 | $8,044,899 |
Arizona Pipe Trades Joint Apprenticeship Trust Phoenix, AZ | $15,602,426 | $5,116,585 |
Mountain States Line Constructors Apprenticeship & Trng Joint Comm West Jordan, UT | $17,284,814 | $7,133,339 |
Employment Resources Inc Tulsa, OK | $2,608,990 | $4,335,874 |
Independent Electrical Contractors Training Fund Inc Northglenn, CO | $9,955,340 | $3,926,354 |
Denver Electrical Joint Apprenticeship And Training Commit Denver, CO | $8,983,539 | $2,884,351 |
Construction Industry Training Council Of Colorado Inc Wheat Ridge, CO | $7,748,373 | $2,215,735 |
Womens Bean Project Denver, CO | $7,419,490 | $2,971,101 |
Utah Electrical Joint Apprenticeship And Training West Jordan, UT | $10,372,737 | $2,666,640 |
Denver Pipefitters Joint Denver, CO | $2,381,064 | $2,108,145 |
Phoenix Electrical Joint Apprenticeship & Training Program Phoenix, AZ | $5,021,978 | $2,024,387 |
Southwest Creations Collaborative Albuquerque, NM | $745,795 | $1,735,568 |