Laborers Local 17 Educational & Training Fund FY2020 filing

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Train & educate union members

501(c)(3) charity; gifts are tax-deductible.
58¢ of each $1 spent went to programs.
$154K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $126K a year · 5% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
58%
of spending
Worth a look: 58% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$154K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
9 mo
of spending, in cash
Looks good: 8.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$196K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 6 voting members
Fine: 3 of 6 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.4M
Spent
$2.5M
To programs
58%
Net assets
$7.1M
By yearFY2020–FY2024
Revenue
$2.4M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2.4M
FY2021$2.6M
FY2022$2.2M
FY2023$2.6M
FY2024$3.1M
Expenses
$2.5M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$2.5M
FY2021$2.3M
FY2022$2.7M
FY2023$2.9M
FY2024$3.1M
Net assets
$7.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$7.1M
FY2021$7.1M
FY2022$6.2M
FY2023$6.1M
FY2024$6.4M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1987.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

58 cents of each dollar spent went to programs.

Program services 58% · $1.5M Management & general 42% · $1.1M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990; $154K paid to officers and key staff.

Part VII, Section A · reportable compensation
Administrati
$153,666Pt VII · Sec A
Recording Se
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Chairm
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Wayne K Mackey’s $190K as Administrati is at the 81st percentile of top reported officer pay among 1245 $1–10M employment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Wayne K Mackey$190,358$172,767$169,498$159,665$153,666

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Laborers Local 17 Educational & Training Fund is an employment nonprofit based in Newburgh, NY.

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Provided by the organization

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1 program · $1.5M · in their own filed words · FY2020
01

Training and education of union members to improve employment skills and create new skills to increase employment opportunities.

$1.5Mprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$2.4M
Ln 12
Fees for servicesLn 2g$2.0M
Gifts and grantsLn 1h$228K
Other incomeLn 4–11$138K
Money outPt IX
$2.5M
Ln 25
Programscol B$1.5M
Managementcol C$1.1M
Owns and owesPt X
$7.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.9M
Total assetsLn 16$7.3M
LiabilitiesLn 26$196K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$228K
Government grantsLn 1e$119K
Fees for servicesLn 2g$2.0M
Investment incomeLn 3$106K
Other incomeLn 4–11$138K
Gains on assetsLn 7$31K
Total revenueLn 12$2.4M
Assets in detailPt X, end of year
CashLn 1$599K
SavingsLn 2$1.3M
Cash and savings togetherLn 1–2$1.9M
InvestmentsLn 11–13$1.7M
Land, buildings, equipmentLn 10c$3.1M
Other assetsLn 15$2K
Total assetsLn 16$7.3M
LiabilitiesLn 26$196K
Net assetsLn 32$7.1M
OperationsPt I, VI
EmployeesI 517
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.8M$1.9M
InvestmentsLn 11–13$1.6M$1.7M
Land, buildings, equipmentLn 10c$3.1M$3.1M
Total assetsLn 16$6.9M$7.3M
LiabilitiesLn 26$38K$196K
Net assetsLn 32$6.8M$7.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$209K$170K$39K
Other salaries and wagesLn 7$655K$529K$126K
Pension plan contributionsLn 8$406K$340K$66K
Payroll taxesLn 10$64K$54K$10K
Accounting feesLn 11c$20K$20K
Investment management feesLn 11f$11K$11K
Office expensesLn 13$41K$41K
Information technologyLn 14$3K$3K
OccupancyLn 16$450K$393$450K
TravelLn 17$35K$35K
Conferences, conventions and meetingsLn 19$14K$8K$6K
InterestLn 20$220$220
Payments to affiliatesLn 21$17K$17K
Depreciation, depletion and amortizationLn 22$215K$6K$208K
InsuranceLn 23$47K$12K$35K
Other expenses (24a–d)Ln 24$334K$334K
All other expensesLn 24e$4K$4K
Total functional expensesLn 25$2.5M$1.5M$1.1M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $3.1M$3.1M$24K$6.4M 990 PDF
FY2023 $2.6M$2.9M−$322K$6.1M 990 PDF
FY2022 $2.2M$2.7M−$506K$6.2M 990 PDF
FY2021 $2.6M$2.3M$270K$7.1M 990 PDF
FY2020 Viewing $2.4M$2.5M−$94K$7.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $2,431,716 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $352,721$227,768
I-9 Program service revenuePrior year $2,244,102$1,959,986
I-10 Investment incomePrior year $90,442$105,941
I-11 Other revenuePrior year $114,493$138,021
I-12 Total revenuePrior year $2,801,758$2,431,716
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,450,574$1,334,907
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,314,865$1,190,469
I-18 Total expensesPrior year $2,765,439$2,525,376
I-19 Revenue less expensesPrior year $36,319−$93,660
Part VI · Governance 3 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,431,716 across 9 lines filed
VIII-1e Government grants$119,288
VIII-1f All other contributions, gifts and grants$108,480
VIII-1h Total contributions, gifts and grants$227,768
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,959,986$1,959,986
VIII-3 Investment incomeExcluded from tax $75,293$75,293
VIII-6 Net rental income or lossExcluded from tax $100,310$100,310
VIII-7 Net gain or loss on sales of assetsRelated to mission $500 · Excluded from tax $30,148$30,648
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $37,711$37,711
VIII-12 Total revenueRelated to mission $1,998,197 · Excluded from tax $205,751$2,431,716
Part IX · Statement of functional expenses $2,525,376 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $170,474 · Management $38,598$209,072
IX-7 Other salaries and wagesPrograms $529,397 · Management $125,913$655,310
IX-8 Pension plan contributionsPrograms $339,558 · Management $66,487$406,045
IX-10 Payroll taxesPrograms $54,000 · Management $10,480$64,480
IX-11c Accounting feesManagement $20,011$20,011
IX-11f Investment management feesManagement $10,835$10,835
IX-13 Office expensesManagement $41,334$41,334
IX-14 Information technologyPrograms $2,531$2,531
IX-16 OccupancyPrograms $393 · Management $449,742$450,135
IX-17 TravelManagement $34,837$34,837
IX-19 Conferences, conventions and meetingsPrograms $7,800 · Management $6,220$14,020
IX-20 InterestPrograms $220$220
IX-21 Payments to affiliatesManagement $17,137$17,137
IX-22 Depreciation, depletion and amortizationPrograms $6,389 · Management $208,141$214,530
IX-23 InsurancePrograms $11,982 · Management $35,142$47,124
IX-24 Other expenses (24a–d)Programs $334,240$334,240
IX-24e All other expensesPrograms $3,515$3,515
IX-25 Total functional expensesPrograms $1,460,499 · Management $1,064,877 · Fundraising $0$2,525,376
Part X · Balance sheet $7,270,623 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $568,201$598,669
X-2 Savings and temporary cash investmentsStart of year $1,223,211$1,263,946
X-3 Pledges and grants receivableStart of year $196,945$89,335
X-4 Accounts receivableStart of year $205,054$462,206
X-9 Prepaid expenses and deferred chargesStart of year $8,182$11,592
X-10c Land, buildings and equipment, netStart of year $3,094,824$3,117,305
X-11 Publicly traded securitiesStart of year $1,587,553$1,725,419
X-15 Other assetsStart of year $3,065$2,151
X-16 Total assetsStart of year $6,887,035$7,270,623
X-17 Accounts payable and accrued expensesStart of year $38,018$40,362
X-26 Total liabilitiesStart of year $38,018$196,362
X-27 Net assets without donor restrictionsStart of year $6,849,017$7,074,261
X-32 Total net assets or fund balancesStart of year $6,849,017$7,074,261
X-33 Total liabilities and net assetsStart of year $6,887,035$7,270,623
Part XI · Reconciliation of net assets $7,074,261 net assets at year end
XI-1 Total revenue$2,431,716
XI-2 Total expenses$2,525,376
XI-3 Revenue less expenses−$93,660
XI-4 Net assets at start of year$6,849,017
XI-5 Net unrealized gains (losses) on investments$83,112
XI-9 Other changes in net assets$235,792
XI-10 Net assets at end of year$7,074,261

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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