Roofers Local 241 Market Recovery Trust Fund
- Assets
- $292.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Albany, NY
- Founding
- 04/2018
- Data as of
- 06/2023
- EIN
- 81-2591361
Organization Overview
Roofers Local 241 Market Recovery Trust Fund is located in Albany, NY. The organization was established in 2018. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Roofers Local 241 Market Recovery 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 06/2023, Roofers Local 241 Market Recovery Trust Fund generated $147.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $49.8k during the year ending 06/2023. While expenses have increased by 22.4% per year over the past 6 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE ROOFERS LOCAL 241 MARKET RECOVERY PROGRAM ("PROGRAM") IS SPONSORED BY THE BOARD OF TRUSTEES ("TRUSTEES") OF THE ROOFERS LOCAL 241 MARKET RECOVERY TRUST FUND. THE PRIMARY GOAL OF THE PROGRAM IS TO MAINTAIN AND, WHERE POSSIBLE, IMPROVE THE UNION'S CURRENT MARKET SHARE IN THE ROOFING INDUSTRY. THE PROGRAM, COUPLED WITH EFFECTIVE LABOR MANAGEMENT RELATIONS, A POOL OF QUALIFIED MANPOWER, ONGOING TRAINING OF APPRENTICES AND JOURNEYMEN, COMPETITIVE LABOR AGREEMENTS AND EFFECTIVE UNION ORGANIZING IS INTENDED TO PROTECT THE UNION'S SHARE OF THE ROOFING MARKET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Rossi Trustee | 1 | $0 | |
Steven Sawyer Trustee | 1 | $0 | |
Anthony Pazmino Trustee | 1 | $0 | |
Bob Farrell Trustee | 1 | $0 | |
Todd Helfrich Trustee | 1 | $0 | |
Marcus Harris Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $147,896 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $147,896 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $31,251 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $18,517 |
| Total expenses | $49,768 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $292,812 |
| Other assets | $0 |
| Total assets | $292,812 |
| Total liabilities | $7,755 |
| Net assets or fund balances | $285,057 |