Laborers-Employers Cooperation And Education Trust
- Assets
- $20.4m
- Revenue
- $9.0m
- Investments
- $0.0
- Employees
- 27
- Location
- Washington, DC
- Founding
- 07/1989
- Data as of
- 12/2021
- EIN
- 52-6367549
Organization Overview
Laborers-Employers Cooperation And Education Trust is located in Washington, DC. The organization was established in 1989. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 12/2021, Laborers-Employers Cooperation And Education Trust employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 12/2021, Laborers-Employers Cooperation And Education Trust generated $9.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $8.7m during the year ending 12/2021. While expenses have increased by 4.9% per year over the past 7 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 2015, Laborers-Employers Cooperation And Education Trust has awarded 49 individual grants totaling $1,815,000. 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
TO IMPROVE AND PROMOTE NEW JOBS AND BUSINESS OPPORTUNITIES IN THE TRADITIONAL CONSTRUCTION AND EMERGING ENVIRONMENTAL REMEDIATION INDUSTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERATING BUSINESS OPPORTUNITIES FOR UNION CONTRACTORS AND JOB OPPORTUNITIES FOR UNION MEMBERS BY FOCUSING ON COMMUNICATIONS, MARKET RESEARCH, MARKETING, PROJECT TRACKING AND FIELD COORDINATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Marocco Assistant Director | 37.5 | $214,065 | |
Linda Priscilla Accounting Director | Officer | 37.5 | $174,073 |
Robert Wright Marketing Rep | 37.5 | $164,158 | |
Rob Garrison Marketing Rep | 37.5 | $159,819 | |
Walter Robinson Marketing Rep | 37.5 | $156,435 | |
Arthur Izzo Marketing Rep | 37.5 | $155,688 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mobomo Llc It Consulting | 12/30/21 | $721,667 |
Y Media Labs Llc It Consulting | 12/30/21 | $1,138,992 |
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 | $8,008,786 |
| Investment income | $264,410 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $549,436 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,972,632 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $86,747 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $10,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $277,075 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,068,262 |
| Pension plan accruals and contributions | $581,054 |
| Other employee benefits | $643,692 |
| Payroll taxes | $178,486 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $780 |
| Fees for services: Accounting | $28,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $60,743 |
| Fees for services: Other | $0 |
| Advertising and promotion | $131,780 |
| Office expenses | $170,774 |
| Information technology | $1,860,659 |
| Royalties | $0 |
| Occupancy | $312,613 |
| Travel | $127,727 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $287,341 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $64,661 |
| Insurance | $59,406 |
| All other expenses | $0 |
| Total functional expenses | $8,732,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,173,505 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $269,321 |
| 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 | $223,914 |
| Investments—publicly traded securities | $16,716,039 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,858 |
| Total assets | $20,406,637 |
| Accounts payable and accrued expenses | $133,536 |
| 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 | $133,536 |
| Net assets without donor restrictions | $20,273,101 |
| 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 | $20,406,637 |
Grants Awarded
Over the last fiscal year, Laborers-Employers Cooperation And Education Trust has awarded $86,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Sacramento, CA PURPOSE: TRANSPORTATION MARKETING | $30,000 |
Washington, DC PURPOSE: CONTRIBITION TO PROGRAM | $15,000 |
Kingston, RI PURPOSE: CONTRIBUTION TO PROGRAM | $10,000 |
Washington, DC PURPOSE: CONTRIBUTION TO PROGRAM | $10,000 |
Providence, RI PURPOSE: CONTRIBUTION TO PROGRAM | $10,000 |
Arlington, VA PURPOSE: CONTRIBUTION TO PROGRAM | $5,500 |