Local 825 Labor Management Fund
- Assets
- $9.3m
- Revenue
- $13.2m
- Investments
- $0.0
- Employees
- 5
- Location
- Springfield, NJ
- Founding
- 03/2014
- Data as of
- 06/2022
- 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 06/2022, 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 06/2022, Local 825 Labor Management Fund generated $13.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $13.2m during the year ending 06/2022. While expenses have increased by 11.4% 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.
Since 2019, Local 825 Labor Management Fund has awarded 15 individual grants totaling $22,794,887. 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 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 WORK FORCE.
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 WORK FORCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Longo Director | Officer | 40 | $222,192 |
Katie Gibbs Deputy Director | 40 | $183,501 | |
Michael Makarski External Affairs | 40 | $171,828 | |
Daniel Ortega Community Affairs | 40 | $121,515 | |
Gina Sullivan Business Development | 40 | $105,376 | |
Ross Pepe Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Audacy Inc Advertising | 6/29/22 | $654,192 |
New York Jets Advertising | 6/29/22 | $472,500 |
Townsquare Media Nj 1015 Advertising | 6/29/22 | $267,659 |
Mclaughlin Associates Inc Polling | 6/29/22 | $200,900 |
Roberti Global Llc Consulting | 6/29/22 | $200,000 |
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 | $13,113,770 |
| Investment income | $98,250 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,220,020 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,663,893 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $994,050 |
| Compensation of current officers, directors, key employees. | $290,251 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $590,139 |
| Pension plan accruals and contributions | $155,588 |
| Other employee benefits | $89,100 |
| Payroll taxes | $59,309 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $89,433 |
| Fees for services: Accounting | $25,173 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,726 |
| Fees for services: Other | $300,522 |
| Advertising and promotion | $1,569,421 |
| Office expenses | $56,867 |
| Information technology | $35,980 |
| Royalties | $0 |
| Occupancy | $51,007 |
| Travel | $28,562 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,950 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $67,300 |
| Insurance | $42,114 |
| All other expenses | $28,325 |
| Total functional expenses | $13,193,742 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $686,586 |
| Savings and temporary cash investments | $943,043 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,352,233 |
| 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 | $28,266 |
| Net Land, buildings, and equipment | $99,180 |
| Investments—publicly traded securities | $5,215,590 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,324,898 |
| Accounts payable and accrued expenses | $233,137 |
| Grants payable | $4,870,017 |
| 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 | $5,103,154 |
| Net assets without donor restrictions | $4,221,744 |
| 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 | $9,324,898 |
Grants Awarded
Over the last fiscal year, Local 825 Labor Management Fund has awarded $7,663,893 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED PART IV STATEMENT PURPOSE: MARKET RECOVERY | $6,523,893 |
STRONGER FOUNDATIONS INC PURPOSE: ISSUE ADVOCACY | $1,000,000 |
17 FORWARD 86 INC PURPOSE: ISSUE ADVOCACY | $10,000 |
AFFORDABLE ENERGY FOR NJ PURPOSE: ISSUE ADVOCACY | $30,000 |
STATE GOVERNMENT LEADERSHIP FOUND PURPOSE: ISSUE ADVOCACY | $100,000 |