Painters Dist Council 4 Labor-Management Cooperative Initi
- Assets
- $231.9k
- Revenue
- $258.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Cheektowaga, NY
- Founding
- 02/2009
- Data as of
- 04/2024
- EIN
- 26-3566314
Organization Overview
Painters Dist Council 4 Labor-Management Cooperative Initi is located in Cheektowaga, NY. The organization was established in 2009. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, 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. Painters Dist Council 4 Labor-Management Cooperative Initi is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 04/2024, Painters Dist Council 4 Labor-Management Cooperative Initi generated $258.6k 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 (3.6%) each year. All expenses for the organization totaled $238.7k during the year ending 04/2024. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 9 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH THE SAFETY TRAINING AWARDS RECOGNITION (STAR) PROGRAM, THE TRUSTEES HOPE TO REDUCE WORK-RELATED INJURIES TO MEMBERS OF THE UNION AND THUS REDUCE THE COSTS FOR EMPLOYERS. STAR IS A SAFETY INCENTIVE PROGRAM PROVIDING RECOGNITION AND REWARDS TO MEMBERS OF THE UNION WHO PARTICIPATE IN SAFETY EDUCATION PROGRAMS AND TRAINING CARRIED OUT BY THE FINISHING TRADES INSTITUTE OF WESTERN NEW YORK, AN AFFILIATED APPRENTICESHIP TRAINING PROGRAM OF THE UNION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING CENTER - THE NUMBER OF MEMBERS WHO REGISTER FOR THE TRAINING CLASSES VARIES WITH EACH CLASS. RECOMMENDED COURSES INCLUDE RED CROSS CPR, BLOOD BORNE PATHOGENS, AND RESPIRATORY TRAINING.
STAR RAFFLE - MEMBER MUST BE IN GOOD STANDING WHICH INCLUDES 800 OR MORE SAFE HOURS, CURRENT IN UNION DUES, PARTICIPATE IN THE REQUIRED NUMBER OF SAFETY COURSES, AND THEIR EMPLOYER HAS CONTRIBUTED TO THE STAR FUND.
RECOGNITION AND REWARD - AN AWARDS CEREMONY TO RECOGNIZE EMPLOYEES SAFE HOURS - HOURS WORKED WITHOUT MISSING A FULL DAY'S PAY DUE TO AN ON THE JOB ACCIDENT, INJURY OR WORK-RELATED ILLNESS FOR WORK PERFORMED DURING THE QUALIFYING WORK PERIOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Hogan Trustee, Chairman | Trustee | 0.5 | $0 |
Brian Lipczynski Trustee | Trustee | 0.5 | $0 |
David Chaffee Trustee | Trustee | 0.5 | $0 |
Daniel Lafrance Trustee | Trustee | 0.5 | $0 |
Dan Jackson Trustee | Trustee | 0.5 | $0 |
Dominic Zirilli Trustee | Trustee | 0.5 | $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 | $258,613 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $258,613 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,733 |
| Total functional expenses | $238,713 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $231,852 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $231,852 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $231,852 |
| Total liabilities and net assets/fund balances | $231,852 |