Laborers Training And Retraining Trust Fund For Northern California
- Assets
- $52.6m
- Revenue
- $20.9m
- Investments
- $0.0
- Employees
- 44
- Location
- Pleasanton, CA
- Founding
- 01/1970
- Data as of
- 05/2023
- EIN
- 94-1688279
Organization Overview
Laborers Training And Retraining Trust Fund For Northern California is located in Pleasanton, CA. The organization was established in 1970. As of 05/2023, Laborers Training And Retraining Trust Fund For Northern California employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laborers Training And Retraining Trust Fund For Northern California 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 05/2023, Laborers Training And Retraining Trust Fund For Northern California generated $20.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $21.0m during the year ending 05/2023. While expenses have increased by 8.9% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE TRAINING TO ELIGIBLE PARTICIPANTS COVERED BY THE COLLECTIVE BARGAINING AGREEMENTS BETWEEN THE UNION AND THE EMPLOYERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED TRAINING TO ELIGIBLE PARTICIPANTS COVERED BY THE COLLECTIVE BARGAINING AGREEMENTS BETWEEN THE UNIONS AND THE EMPLOYERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leonard Gonzalez Executive Director | Officer | 40 | $175,063 |
Ollie Hurd Director Of Training | 40 | $135,339 | |
Hugo DE La Torre Director Of Apprenticeship | 40 | $131,196 | |
Lauro Perez Training Instructor | 40 | $130,170 | |
Alfredo Munoz DE La Torre Maintenance Worker | 40 | $129,573 | |
Jose B Lopez Training Instructor | 40 | $114,499 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Laborers Funds Administrative Offic Administrator | 5/30/23 | $597,223 |
Pacific Professional Solutions Printing | 5/30/23 | $875,975 |
Environmental Safety Training Profe Training Consultant | 5/30/23 | $362,920 |
Blue Team Home Services Cleaning | 5/30/23 | $769,240 |
Cast West Coast Safety Consultant | 5/30/23 | $466,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,651,377 |
| All other contributions, gifts, grants, and similar amounts not included above | $876,839 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,528,216 |
| Total Program Service Revenue | $18,378,931 |
| Investment income | $1,386,161 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,611,738 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,850,904 |
| 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. | $289,368 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,949,092 |
| Pension plan accruals and contributions | $2,382,945 |
| Other employee benefits | $968,100 |
| Payroll taxes | $320,395 |
| Fees for services: Management | $667,199 |
| Fees for services: Legal | $52,316 |
| Fees for services: Accounting | $24,311 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $88,193 |
| Fees for services: Other | $3,315,712 |
| Advertising and promotion | $0 |
| Office expenses | $851,499 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,399,032 |
| Travel | $252,368 |
| 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 | $444,180 |
| Insurance | $359,073 |
| All other expenses | $299,336 |
| Total functional expenses | $21,040,535 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $160,710 |
| Savings and temporary cash investments | $2,497,631 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,014,162 |
| 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 | $37,174 |
| Net Land, buildings, and equipment | $1,766,641 |
| Investments—publicly traded securities | $44,197,506 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $911,174 |
| Total assets | $52,584,998 |
| Accounts payable and accrued expenses | $1,680,071 |
| 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 | $897,624 |
| Total liabilities | $2,577,695 |
| Net assets without donor restrictions | $0 |
| 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 | $50,007,303 |
| Total liabilities and net assets/fund balances | $52,584,998 |