Chicago Labor Management Trust
- Assets
- $86.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 10/2009
- Data as of
- 06/2023
- EIN
- 26-2506653
Organization Overview
Chicago Labor Management Trust is located in Chicago, IL. The organization was established in 2009. According to its NTEE Classification (J12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago Labor Management Trust 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 06/2023, Chicago Labor Management Trust generated $140.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $7.1k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (41.1%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE TRUST'S PURPOSE IS TO LESSEN THE BURDEN OF THE CITY OF CHICAGO IN FACILITATING ITS RELATIONSHIP WITH EMPLOYEES AND PARTICIPATING LABOR UNIONS IN PERFORMANCE OF A PUBLIC PURPOSE. THE TRUST SHALL FOCUS ON REVIEWING, RESEARCHING, AND MAKING RECOMMENDATIONS TO THE CITY REGARDING THE QUALITY OF, COST EFFECTIVENESS OF, COST CONTAINMENT OF, AND SAVINGS OBTAINED BY THE CITY HEALTH CARE PLAN PROVIDED TO THE EMPLOYEES OF PARTICIPATING LABOR UNIONS. THE FOCUS OF THE TRUST INCLUDES THE REDUCTION AND ATTEMPTED ELIMINATION OF MEDICAL RESOURCE INEFFICIENCIES THROUGH ANALYSIS OF VARIOUS SUBJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Reiter Co-Chair | 0.8 | $0 | |
Donald O'neill Trustee | 0.3 | $0 | |
Jeff Howard Trustee | 0.3 | $0 | |
Michael Newman Trustee | 0.3 | $0 | |
Martha Merrill Trustee | 0.3 | $0 | |
Joseph Healy Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $140 |
| Total Revenue | $140 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,860 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $5,275 |
| Total expenses | $7,135 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $86,131 |
| Other assets | $0 |
| Total assets | $86,131 |
| Total liabilities | $0 |
| Net assets or fund balances | $86,131 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Lawndale Employment Network Chicago, IL | $11,188,204 | $6,948,045 |
Constructing Bright Futures Chicago, IL | $297,781 | $149 |
Next Life Foundation Okoboji, IA | $10,893 | $0 |
Black Men Coalition Foundation Madison, WI | $175,256 | $242,888 |
James And Annelle Whitt Entrepreneurial Development Founda Columbia, MO | $98,307 | $48,663 |
Operation Honor Dry Ridge, KY | $491,675 | $29,000 |
Life And Work Connections Inc Columbia, MO | $41,628 | $28,626 |
Supportu Inc Indianapolis, IN | $75,460 | $0 |
Chicago Labor Management Trust Chicago, IL | $86,131 | $0 |
Lsf Charity Inc Nfp Chicago, IL | $135,843 | $11,891 |
Gaming 2 Give Indianapolis, IN | $0 | $0 |