Washington Laborers-Employers Cooperation & Education Trust
- Assets
- $828.2k
- Revenue
- $422.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Lynnwood, WA
- Founding
- Data as of
- 05/2018
- EIN
- 72-1612395
Organization Overview
Washington Laborers-Employers Cooperation & Education Trust is located in Lynnwood, WA. Washington Laborers-Employers Cooperation & 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 05/2018, Washington Laborers-Employers Cooperation & Education Trust generated $422.2k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $360.4k during the year ending 05/2018. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
WASHINGTON LABORERS EMPLOYERS COOPERATIVE & TRAINING TRUST (WALECET) SERVES TO BUILD STRONG PARTNERSHIPS BETWEEN CONTRACTORS, OWNERS, DEVELOPERS, AND THE LABORS UNION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WALECET WORKS WITH ITS PARTNERS TO GENERATE PROJECTS, CREATE JOBS, AND GROW THE MARKET WITHIN THE STATE OF WASHINGTON AND LOCAL COMMUNITIES.
WALECET WORKS WITH ITS PARTNERS TO GENERATE PROJECTS, CREATE JOBS, AND GROW THE MARKET WITHIN THE STATE OF WASHINGTON AND LOCAL COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jermaine Smiley Director | Trustee | 1 | $0 |
Dale Cannon Director | Trustee | 1 | $0 |
Jason Goetz Director | Trustee | 1 | $0 |
Doug Scott Director | Trustee | 1 | $0 |
Corey Christensen Director | Trustee | 1 | $0 |
Doug Peterson Director | Trustee | 1 | $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 | $421,105 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $421,105 |
| Total Program Service Revenue | $0 |
| Investment income | $1,127 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $422,232 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $55,663 |
| 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 | $80,889 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,289 |
| Payroll taxes | $7,175 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,288 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $100 |
| Advertising and promotion | $129,907 |
| Office expenses | $7,665 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,604 |
| Travel | $16,695 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,018 |
| Insurance | $4,604 |
| All other expenses | $26,512 |
| Total functional expenses | $360,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $756,650 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $69,757 |
| 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 | $1,828 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $828,235 |
| Accounts payable and accrued expenses | $4,887 |
| 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 | $4,887 |
| Unrestricted restricted net Assets | $823,348 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $823,348 |
Grants Awarded
Over the last fiscal year, Washington Laborers-Employers Cooperation & Education Trust has awarded $90,668 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
AGC EDUCATION FOUNDATION PURPOSE: CONSTRUCTION CAREER DAY, KING COUNTY HIGH SCHOOLS | $10,000 |
WASHINGTON STATE BUILDING & CONSTRUCTION TRADES COUNCIL PURPOSE: CONSTRUCTION CAREER DAY, PIERCE COUNTY HIGH SCHOOLS | $15,000 |
NUCA OF WASHINGTON PURPOSE: CONSTRUCTION INDUSTRY PROMOTION | $5,000 |
SOUTH KITSAP SCHOOL DISTRICT PURPOSE: TOUR LABORERS APPRENTICESHIP/TRAINING DAY | $327 |
BREMERTON SCHOLL DISTRICT PURPOSE: TRANSPORTATION COST REIMBURSEMENT FOR STUDENTS | $274 |
INTERACTIVE YOUTH SAFETY PROGRAM - BC CONSTRUCTION SAFETY ALLIANCE PURPOSE: DONATION FOR PARTICIPATION IN DOZER DAY CONSTRUCTION INDUSTRY PROMOTION AND CHILDREN'S CHARITY. | $3,038 |