Joint Labor Management Work Preservation Fund
- Assets
- $2.0m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 16
- Location
- Madison, WI
- Founding
- 08/1993
- Data as of
- 05/2023
- EIN
- 39-1703979
Organization Overview
Joint Labor Management Work Preservation Fund, operating under the name Construction Business Group, is located in Madison, WI. The organization was established in 1993. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 05/2023, Construction Business Group employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Construction Business Group is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 05/2023, Construction Business Group generated $4.4m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $4.5m during the year ending 05/2023. While expenses have increased by 7.6% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
INDUSTRY ADVANCEMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE JOINT LABOR-MANAGEMENT ACTIVITES CONDUCTED BY AN AREA AND INDUSTRY-WIDE COMMITTEE DESIGNED TO IMPROVE LABOR-MANAGEMENT RELATIONSHIPS, JOB SECURITY, COMPETITIVENESS, PRODUCTIVITY, ORGANIZATIONAL EFFECTIVENESS, ECONOMIC DEVELOPMENT AND SPECIFICALLY TO ENSURE THAT EMPLOYERS PAY THEIR EMPLOYEES THE APPLICABLE CERTIFIED WAGE BENEFIT RATES AND FOR SUCH OTHER PURPOSES AS MAY BE LAWFULLY SOUGHT AND ACHIEVED BY THE PARTIES.
TO PROVIDE JOINT LABOR-MANAGEMENT ACTIVITIES CONDUCTED BY AN AREA AND INDUSTRY-WIDE COMMITTEE DESIGNED TO IMPROVE LABOR-MANAGEMENT RELATIONSHIPS, JOB SECURITY, COMPETITIVENESS, PRODUCTIVITY, ORGANIZATIONAL EFFECTIVENESS, ECONOMIC DEVELOPMENT AND SPECIFICALLY TO ENSURE THAT EMPLOYERS PAY THEIR EMPLOYEES THE APPLICABLE CERTIFIED WAGE BENEFIT RATES AND FOR SUCH OTHER PURPOSES AS MAY BE LAWFULLY SOUGHT AND ACHIEVED BY THE PARTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Strand Brandon Treasurer | Trustee | 3 | $0 |
Kahl William Trustee | Trustee | 3 | $0 |
Scholz Barry Trustee | Trustee | 3 | $0 |
Basten Dean Former Trustee | Trustee | 3 | $0 |
Mcgowan Terrance Chairman | Trustee | 3 | $0 |
Raab Aaron Trustee | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Good Karma Broadcasting Advertising | 5/30/23 | $184,441 |
Green Bay Packers Advertising | 5/30/23 | $172,038 |
Badger Sports Properties Llc Advertising | 5/30/23 | $161,755 |
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 | $4,248,609 |
| Investment income | $8,719 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10,825 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,383,276 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $645,004 |
| 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 | $1,232,314 |
| Pension plan accruals and contributions | $537,925 |
| Other employee benefits | $209,632 |
| Payroll taxes | $88,287 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $52,359 |
| Fees for services: Accounting | $50,724 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $159,817 |
| Advertising and promotion | $918,856 |
| Office expenses | $129,018 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $69,853 |
| Travel | $53,186 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $194,211 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62,326 |
| Insurance | $55,525 |
| All other expenses | $0 |
| Total functional expenses | $4,459,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,254,714 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $489,011 |
| 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 | $36,588 |
| Net Land, buildings, and equipment | $165,874 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,556 |
| Total assets | $1,977,743 |
| Accounts payable and accrued expenses | $107,633 |
| 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 | $107,633 |
| Net assets without donor restrictions | $1,870,110 |
| 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 | $1,977,743 |
Grants Awarded
Over the last fiscal year, Joint Labor Management Work Preservation Fund has awarded $632,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
WISCONSIN INFRASTRUCTURE INVESTMENT NOW PURPOSE: ADVOCATES FOR RESPONSIBLE INVESTMENT IN INFRASTRUCTURE IN WISCONSIN | $600,000 |
WORKER JUSTICE WISCONSIN PURPOSE: provides legal services for workers | $25,000 |
ILLINOIS ECONOMIC POLICY INSTITUTE PURPOSE: advocates for thoughtful economic growth for businesses and working families | $7,500 |