Chicago Area Laborers-Employers Cooperation And Education Trust
- Assets
- $6.1m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 2
- Location
- Burr Ridge, IL
- Founding
- 08/1999
- Data as of
- 07/2022
- EIN
- 36-4272793
Organization Overview
Chicago Area Laborers-Employers Cooperation And Education Trust is located in Burr Ridge, IL. The organization was established in 1999. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 07/2022, Chicago Area Laborers-Employers Cooperation And Education Trust employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago Area Laborers-Employers Cooperation And Education 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 07/2022, Chicago Area Laborers-Employers Cooperation And Education Trust generated $1.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $1.4m during the year ending 07/2022. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Chicago Area Laborers-Employers Cooperation And Education Trust has awarded 21 individual grants totaling $506,279. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
LABOR MANAGEMENT COOPERATIVE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S PROGRAM SERVICES ARE THE IMPROVEMENT OF COMMUNICATION BETWEEN LABOR AND MANAGEMENT; IDENTIFICATION AND EXPANSION OF WORK OPPORTUNITIES FOR LABORERS AND EMPLOYERS; IMPROVEMENT OF SAFETY AND EFFICIENCY IN THE OPERATIONS AND ECONOMIC COMPETITIVENESS OF THE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick S Hosty Executive Director | Officer | 40 | $208,565 |
Paul Gehrmann Employee | 40 | $118,216 | |
Charles V Loverde III - Past Trustee | Trustee | 1 | $0 |
Vernon Bauman - Past Trustee | Trustee | 1 | $0 |
Rich Kuczkowski Trustee | Trustee | 1 | $0 |
James P Connolly Chairman | 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 | $1,419,237 |
| Investment income | $123,832 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,435 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,639,231 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $96,099 |
| Grants and other assistance to domestic individuals. | $114,837 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $326,066 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $115,807 |
| Pension plan accruals and contributions | $62,094 |
| Other employee benefits | $36,875 |
| Payroll taxes | $21,498 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,947 |
| Fees for services: Accounting | $14,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $113,589 |
| Advertising and promotion | $265,119 |
| Office expenses | $21,252 |
| Information technology | $17,001 |
| Royalties | $0 |
| Occupancy | $32,795 |
| Travel | $8,494 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,189 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,966 |
| Insurance | $21,706 |
| All other expenses | $250 |
| Total functional expenses | $1,410,532 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $265,198 |
| 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 | $256,035 |
| Investments—publicly traded securities | $5,592,868 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,114,101 |
| 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 | $5,832 |
| Total liabilities | $5,832 |
| Net assets without donor restrictions | $6,108,269 |
| 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 | $6,114,101 |
Grants Awarded
Over the last fiscal year, Chicago Area Laborers-Employers Cooperation And Education Trust has awarded $56,250 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Joliet, IL PURPOSE: GENERAL SUPPORT | $40,000 |
Burr Ridge, IL PURPOSE: GENERAL SUPPORT | $10,000 |
Chicago, IL PURPOSE: GENERAL SUPPORT | $6,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Federation Of State County & Municipal Employees Springfield, IL | $61,133,676 | $26,100,915 |
Laborers International Union Of North America Burr Ridge, IL | $65,530,613 | $20,238,151 |
Chicago Regional Council Of Carpenters Apprentice And Trainee Elk Grove Village, IL | $58,144,102 | $15,674,310 |
Indiana State Teachers Association Indianapolis, IN | $36,026,795 | $22,473,562 |
Chicago Journeymen Plumbers Local 130 Chicago, IL | $20,981,689 | $17,441,460 |
United Food And Commercial Workers International Union Des Plaines, IL | $30,640,392 | $15,439,141 |
Laborers International Union Of North America Chicago, IL | $42,312,837 | $17,661,518 |
National Pork Producers Council Des Moines, IA | $42,247,883 | $19,050,439 |
International Union Of Operating Engineers 139 Pewaukee, WI | $24,439,793 | $14,629,454 |
Service Employees International Union Chicago, IL | $8,645,665 | $14,966,009 |
Chicago & Vicinity Laborers Carol Stream, IL | $83,711,023 | $20,877,636 |
Boilermakers National Apprentice Ship Fund Kansas City, MO | $53,012,610 | $16,312,331 |