Hawaii Laborers Training Trust Fund
- Assets
- $10.2m
- Revenue
- $1.8m
- Investments
- $6.1m
- Employees
- 11
- Location
- Honolulu, HI
- Founding
- 07/1971
- Data as of
- 02/2023
- EIN
- 99-6016434
Organization Overview
Hawaii Laborers Training Trust Fund is located in Honolulu, HI. The organization was established in 1971. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 02/2023, Hawaii Laborers Training Trust Fund employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hawaii Laborers Training 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 02/2023, Hawaii Laborers Training Trust Fund generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $2.1m during the year ending 02/2023. 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
TO PROVIDE TRAINING BENEFITS TO ELIGIBLE PARTICIPANTS OF THE FUND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE FOR WHICH THE PLAN WAS ESTABLISHED IS TO PROVIDE TRAINING BENEFITS TO ELIGIBLE PARTICIPANTS OF THE FUND COVERED BY THE COLLECTIVE BARGAINING AGREEMENTS BY AND BETWEEN THE LABORERS' INTERNATIONAL UNION OF NORTH AMERICA, LOCAL 368, AFL-CIO, THE GENERAL CONTRACTORS LABOR ASSOCIATION, THE BUILDING INDUSTRY LABOR ASSOCIATION OF HAWAII, THE LABOR ASSOCIATION OF THE MASON CONTRACTORS ASSOCIATION OF HAWAII, THE HAWAII LANDSCAPE AND IRRIGATION CONTRACTORS ASSOCIATION, AND SPECIALTY CONTRACTORS LICENSED TO PERFORM DRYWALL AND PLASTERING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Tomas Trustee | Trustee | 2 | $0 |
Colin Ching Chair | OfficerTrustee | 2 | $0 |
Scott I Higa Trustee | Trustee | 2 | $0 |
Toni Figueroa Trustee | Trustee | 2 | $0 |
Micah Furuyama Secretary | OfficerTrustee | 2 | $0 |
Leonard Leong Trustee | Trustee | 2 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,742,617 |
| Investment income | $213,403 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$153,260 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,803,852 |
| 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. | $172,495 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $499,883 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $535,570 |
| Payroll taxes | $55,479 |
| Fees for services: Management | $160,951 |
| Fees for services: Legal | $13,656 |
| Fees for services: Accounting | $14,566 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,212 |
| Fees for services: Other | $17,932 |
| Advertising and promotion | $1,802 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $116,742 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,063 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $136,780 |
| Insurance | $66,944 |
| All other expenses | $31,290 |
| Total functional expenses | $2,090,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,151 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $4,146,576 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,078,055 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,238,782 |
| Accounts payable and accrued expenses | $1,054 |
| 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 | $1,054 |
| 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 | $10,237,728 |
| Total liabilities and net assets/fund balances | $10,238,782 |