Mid-Atlantic Laborers-Employees Cooperation & Education Trust Fund
- Assets
- $13.6m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 11
- Location
- Reston, VA
- Founding
- 03/1993
- Data as of
- 12/2021
- EIN
- 54-1575076
Organization Overview
Mid-Atlantic Laborers-Employees Cooperation & Education Trust Fund is located in Reston, VA. 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 12/2021, Mid-Atlantic Laborers-Employees Cooperation & Education Trust Fund employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid-Atlantic Laborers-Employees Cooperation & Education Trust 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 12/2021, Mid-Atlantic Laborers-Employees Cooperation & Education Trust Fund generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $2.5m during the year ending 12/2021. While expenses have increased by 3.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MID-ATLANTIC LABORERS-EMPLOYERS COOPERATION AND EDUCATION TRUST (LECET) BRINGS THE LABORERS MID-ATLANTIC REGION OF THE INTERNATIONAL UNION OF NORTH AMERICA (LIUNA) AND ITS SIGNATORY CONTRACTORS TOGETHER TO ADDRESS ISSUES OF IMPORTANCE TO BOTH LABORERS AND THEIR EMPLOYERS. THESE STAKEHOLDERS SHARE A LOT OF COMMON GROUND; WORKING AS A TEAM THEY SECURE PROJECTS AND JOBS, INCREASE UNION-SECTOR MARKET SHARE, ADVERTISE THEIR SERVICES, DEVELOP A WORKFORCE, AND ADVANCE SHARED MARKET-RELATED INTERESTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
MID-ATLANTIC LABORERS-EMPLOYERS COOPERATION AND EDUCATION TRUST (LECET) BRINGS THE LABORERS MID- ATLANTIC REGION OF THE INTERNATIONAL UNION OF NORTH AMERICA (LIUNA) AND ITS SIGNATORY CONTRACTORS TOGETHER TO ADDRESS ISSUES OF IMPORTANCE TO BOTH LABORERS AND THEIR EMPLOYERS. THESE STAKEHOLDERS SHARE A LOT OF COMMON GROUND; WORKING AS A TEAM THEY SECURE PROJECTS AND JOBS, INCREASE UNION-SECTOR MARKET SHARE, ADVERTISE THEIR SERVICES, DEVELOP A WORKFORCE, AND ADVANCE SHARED MARKET-RELATED INTERESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Brown Director | 40 | $176,518 | |
Ryan Turner Director | 40 | $108,317 | |
Dennis Martire Chairman | OfficerTrustee | 2 | $0 |
Mary Prim Co-Chair | OfficerTrustee | 2 | $0 |
Jessie King Trustee | Trustee | 2 | $0 |
Joseph Catena Trustee | Trustee | 2 | $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 | $2,000,824 |
| Investment income | $1,050,943 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $71,339 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,123,106 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $284,834 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $513,933 |
| Pension plan accruals and contributions | $222,824 |
| Other employee benefits | $344,212 |
| Payroll taxes | $56,399 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,100 |
| Fees for services: Accounting | $13,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $81,975 |
| Fees for services: Other | $12,659 |
| Advertising and promotion | $528,336 |
| Office expenses | $55,987 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $94,456 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $72,849 |
| Interest | $0 |
| Payments to affiliates | $191,517 |
| Depreciation, depletion, and amortization | $2,073 |
| Insurance | $5,023 |
| All other expenses | $0 |
| Total functional expenses | $2,481,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $234,416 |
| 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 | $7,703 |
| Investments—publicly traded securities | $13,379,674 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,621,793 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $13,621,793 |
| 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 | $13,621,793 |