Laborers Training Trust
- Assets
- $4.8m
- Revenue
- $1.4m
- Investments
- $726.7k
- Employees
- 6
- Location
- Reno, NV
- Founding
- 02/2013
- Data as of
- 12/2021
- EIN
- 23-7222294
Organization Overview
Laborers Training Trust is located in Reno, NV. The organization was established in 2013. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2021, Laborers Training Trust employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laborers Training Trust is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2021, Laborers Training Trust generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $812.6k during the year ending 12/2021. While expenses have increased by 12.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE TRAINING BENEFITS FOR PLAN PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LABORERS AND NATIONAL APPRENTICESHIP TRAINING PROGRAM FOR APPROXIMATELY 964 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Skip Daly Chairman | OfficerTrustee | 5 | $0 |
Craig Madole Co-Chairman | OfficerTrustee | 5 | $0 |
Eloy Jara Trustee | Trustee | 1 | $0 |
Fred Reeder Trustee | Trustee | 1 | $0 |
Mike Kinney Trustee | Trustee | 1 | $0 |
Jarrett Rosenau Alternate | 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 | $1,415,304 |
| Investment income | $442 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $99 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,420,928 |
| 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 | $254,009 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $145,574 |
| Payroll taxes | $19,872 |
| Fees for services: Management | $18,224 |
| Fees for services: Legal | $32,905 |
| Fees for services: Accounting | $9,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,000 |
| Fees for services: Other | $11,394 |
| Advertising and promotion | $3,563 |
| Office expenses | $10,016 |
| Information technology | $5,342 |
| Royalties | $0 |
| Occupancy | $66,844 |
| Travel | $720 |
| 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 | $107,214 |
| Insurance | $8,217 |
| All other expenses | $0 |
| Total functional expenses | $812,617 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $310,923 |
| Savings and temporary cash investments | $399,777 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $95,014 |
| 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 | $6,752 |
| Net Land, buildings, and equipment | $3,251,724 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $726,704 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,790,894 |
| Accounts payable and accrued expenses | $44,484 |
| 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 | $44,484 |
| 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 | $4,746,410 |
| Total liabilities and net assets/fund balances | $4,790,894 |