Nyc Building And Construction Industry Safety Fund
- Assets
- $717.9k
- Revenue
- $239.9k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/2019
- Data as of
- 12/2023
- EIN
- 82-5207118
Organization Overview
Nyc Building And Construction Industry Safety Fund is located in New York, NY. The organization was established in 2019. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nyc Building And Construction Industry Safety Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Nyc Building And Construction Industry Safety Fund generated $239.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $103.2k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION WAS FORMED FOR CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 102(A)(3-B) OF THE NEW YORK NOT-FOR-PROFIT CORPORATION LAW. THE CORPORATION WILL PROVIDE FINANCIAL ASSISTANCE TO FAMILIES OF DECEASED BUILDING AND CONSTRUCTION TRADES UNION WORKERS IN THE NEW YORK CITY AREA. THE CORPORATION WILL ALSO PROMOTE CONSTRUCTION SITE SAFETY IN NEW YORK CITY. THE PROMOTION OF CONSTRUCTION SITE SAFETY WILL BE DONE THROUGH THE PREPARATION AND DISSEMINATION OF WHITE PAPERS, EDUCATIONAL LITERATURE AND EVENTS, GRANTS TO ORGANIZATIONS THAT PROMOTE SAFETY TRAINING, AWARDS FOR HIGH ROAD SAFETY PRACTICES AND STUDIES, AND OTHER ACTIVITIES THAT PROMOTE CONSTRUCTION SITE SAFETY IN NEW YORK CITY. THE CORPORATION WILL ALSO PROVIDE, FREE OF CHARGE, PERSONAL PROTECTION EQUIPMENT (FOR EXAMPLE WORK BOOTS AND HARD HATS) TO UNION AND NON-UNIONIZED CONSTRUCTION WORKERS IN NEW YORK CITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OSEE ABOVE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John O'hare President | Trustee | 1 | $0 |
Gary Labarbera Vice President | Trustee | 1 | $0 |
Robert Bonanza Secretary/treasurer | Trustee | 1 | $0 |
Scott Corneby Vice President | Trustee | 1 | $0 |
Craig Noller Vice President | Trustee | 1 | $0 |
Joe Fitzpatrick Vice President | 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 | $232,950 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $232,950 |
| Total Program Service Revenue | $0 |
| Investment income | $6,998 |
| 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 | $239,948 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $95,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $5,070 |
| Total functional expenses | $103,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $213,974 |
| Savings and temporary cash investments | $249,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,911 |
| 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 | $0 |
| Investments—publicly traded securities | $249,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $717,885 |
| Accounts payable and accrued expenses | $2,700 |
| 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 | $2,700 |
| Net assets without donor restrictions | $715,185 |
| 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 | $717,885 |