Local 825 Labor Management Fund
- Assets
- $8.8m
- Revenue
- $10.5m
- Investments
- $0.0
- Employees
- 5
- Location
- Springfield, NJ
- Founding
- 03/2014
- Data as of
- 06/2021
- EIN
- 45-2828933
Organization Overview
Local 825 Labor Management Fund is located in Springfield, NJ. The organization was established in 2014. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 06/2021, Local 825 Labor Management Fund employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Local 825 Labor Management Fund is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2021, Local 825 Labor Management Fund generated $10.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $10.7m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Local 825 Labor Management Fund has awarded 14 individual grants totaling $20,324,423. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
LABOR MANAGEMENT TRUST ASSISTING OPERATING ENGINEERS LOCAL 825 AND ITS SIGNATORY CONTRACTORS IN SECURING BUILDING PROJECTS, CREATING JOBS, PROMOTING THE BENEFITS OF UNION LABOR AND MAINTAINING A CREDENTIALED WORKFORCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LABOR MANAGEMENT TRUST ASSISTING OPERATING ENGINEERS LOCAL 825 AND ITS SIGNATORY CONTRACTORS IN SECURING BUILDING PROJECTS, CREATING JOBS,PROMOTING THE BENEFITS OF UNION LABOR AND MAINTAINING A CREDENTIALED WORKFORCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Longo Director | Officer | 40 | $206,420 |
Kate Gibbs Deputy Direc | 40 | $173,115 | |
Michael Makarski External Aff | 40 | $159,447 | |
Daniel Ortega Community Af | 40 | $114,528 | |
Robert Davis Trustee | Trustee | 2 | $0 |
Jack Kocsis Jr Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
New York Jets Advertising | 6/29/21 | $450,000 |
Entercom Communications Advertising | 6/29/21 | $400,926 |
Mww Group Media | 6/29/21 | $393,576 |
National Research Inc Polling | 6/29/21 | $244,000 |
Professional Sports Publications Advertising | 6/29/21 | $124,500 |
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 | $10,387,339 |
| Investment income | $109,259 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,327 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,504,925 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,792,184 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $810,186 |
| Compensation of current officers, directors, key employees. | $272,756 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $550,144 |
| Pension plan accruals and contributions | $149,921 |
| Other employee benefits | $88,016 |
| Payroll taxes | $53,712 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $79,600 |
| Fees for services: Accounting | $21,756 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,999 |
| Fees for services: Other | $94,086 |
| Advertising and promotion | $1,654,751 |
| Office expenses | $38,806 |
| Information technology | $30,579 |
| Royalties | $0 |
| Occupancy | $53,962 |
| Travel | $12,323 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,990 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,664 |
| Insurance | $39,017 |
| All other expenses | $16,675 |
| Total functional expenses | $10,680,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $738,469 |
| Savings and temporary cash investments | $47,179 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,656,570 |
| 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 | $87,198 |
| Net Land, buildings, and equipment | $134,245 |
| Investments—publicly traded securities | $6,088,595 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,752,256 |
| Accounts payable and accrued expenses | $437,773 |
| Grants payable | $3,630,092 |
| 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 | $4,067,865 |
| Net assets without donor restrictions | $4,684,391 |
| 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 | $8,752,256 |
Grants Awarded
Over the last fiscal year, Local 825 Labor Management Fund has awarded $5,792,184 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED PART IV STATEMENT PURPOSE: MARKET RECOVERY | $5,017,184 |
STRONGER FOUNDATIONS INC PURPOSE: ISSUE ADVOCACY | $745,000 |
Monticello, NY PURPOSE: ISSUE ADVOCACY | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Federation Of State County & Municipal Employees New York, NY | $77,027,109 | $53,363,394 |
New York State Nurses Association New York, NY | $106,360,017 | $53,864,397 |
Cement & Concrete Workers District Council Welfare Fund Flushing, NY | $115,712,146 | $34,540,506 |
Service Employees International Union Albany, NY | $31,308,144 | $40,993,536 |
Major League Baseball Players Assn New York, NY | $280,679,317 | $145,511,307 |
United Brotherhood Of Carpenters & Joiners Of America New York, NY | $64,514,321 | $30,390,224 |
American Federation Of State County & Municipal Employees Harrisburg, PA | $13,029,415 | $28,034,126 |
Enterprise Association Local 638 Long Island City, NY | $80,989,566 | $29,703,227 |
United University Professions Benefit Trust Fund Albany, NY | $81,922,697 | $45,334,954 |
Transport Workers Union Of America Brooklyn, NY | $13,886,848 | $35,125,762 |
International Alliance Theatrical Stage Employees New York, NY | $95,540,739 | $36,594,534 |
Hotel And Gaming Trades Council Afl-Cio New York, NY | $55,965,580 | $24,291,785 |