Laborers Training And Re-Training Trust Fund For Southern California
- Assets
- $47.1m
- Revenue
- $22.7m
- Investments
- $11.9m
- Employees
- 93
- Location
- Covina, CA
- Founding
- 01/1971
- Data as of
- 12/2021
- EIN
- 95-2672750
Organization Overview
Laborers Training And Re-Training Trust Fund For Southern California is located in Covina, CA. The organization was established in 1971. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2021, Laborers Training And Re-Training Trust Fund For Southern California employed 93 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laborers Training And Re-Training Trust Fund For Southern 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 12/2021, Laborers Training And Re-Training Trust Fund For Southern California generated $22.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $21.2m during the year ending 12/2021. While expenses have increased by 7.7% 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
TRAINING AND RETRAINING CONSTRUCTION LABORERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE TRAINING AND RETRAINING FACILITIES FOR PERSONS WORKING AS CONSTRUCTION LABORERS. TRAINING SERVICES ARE PROVIDED REGARDLESS OF SEX, RACE, RELIGION, AGE OR NATIONALITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Gordon Executive Director | 40 | $199,044 | |
Ryan Winslow Instructor | 40 | $189,283 | |
Robert Canales Scheduling Lead/instructor | 40 | $150,947 | |
Michael Tuttle Curriculum Dev Lead/instructor | 40 | $138,339 | |
Timothy Carillo Instructor | 40 | $135,593 | |
David Espinoza Management Trustee | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Reich Adell Cvitan Legal | 12/30/21 | $287,200 |
Cox Castle Nicholson Llp Legal | 12/30/21 | $127,081 |
Pacific Southwest Administrators Contract Admin. | 12/30/21 | $139,608 |
Strategy Workplace Communication Consultant | 12/30/21 | $124,620 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $474,961 |
| 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 | $474,961 |
| Total Program Service Revenue | $20,063,130 |
| Investment income | $182,231 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,895,239 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,686,554 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,924,738 |
| Pension plan accruals and contributions | $2,004,911 |
| Other employee benefits | $1,145,817 |
| Payroll taxes | $620,635 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $454,805 |
| Fees for services: Accounting | $58,636 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $44,309 |
| Fees for services: Other | $264,228 |
| Advertising and promotion | $0 |
| Office expenses | $882,819 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,369,978 |
| Travel | $362,015 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,894 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,197,903 |
| Insurance | $434,476 |
| All other expenses | $26,062 |
| Total functional expenses | $21,230,403 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,355 |
| Savings and temporary cash investments | $4,553,628 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,107,765 |
| 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 | $408,380 |
| Net Land, buildings, and equipment | $17,483,435 |
| Investments—publicly traded securities | $10,537,727 |
| Investments—other securities | $11,857,905 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $47,095,195 |
| Accounts payable and accrued expenses | $1,132,892 |
| 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 | $1,132,892 |
| 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 | $45,962,303 |
| Total liabilities and net assets/fund balances | $47,095,195 |