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Laborers Local 621 Training Fund

Not tax-deductible

Olean, NYMutual-benefit / member-servingMutual / membership EIN 22-3101756Revenue $281K in FY2025

On file with the IRSlaborers621.com1521 N Union St, 14760-1344 · Olean, NYTax-exempt since Jul 1991

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To provide educational resources and Training to the union members of the affiliated organization.

65¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $10K a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
65%
of spending
Fine: 65% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 4.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$10K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 6 voting members
Looks good: 4 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$281K
-16% vs prior year
Spent
$337K
To programs
65%
Net assets
$338K
By yearFY2021–FY2025
Revenue
$281K
FY2025▼ -16%
Tap a bar for its year
Revenue by fiscal year
FY2021$168K
FY2022$213K
FY2023$364K
FY2024$336K
FY2025$281K
Expenses
$337K
FY2025▼ -10%
Tap a bar for its year
Expenses by fiscal year
FY2021$149K
FY2022$195K
FY2023$258K
FY2024$375K
FY2025$337K
Net assets
$338K
FY2025▼ -14%
Tap a bar for its year
Net assets by fiscal year
FY2021$307K
FY2022$325K
FY2023$432K
FY2024$393K
FY2025$338K

From the FY2025 Form 990 (year ending April 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1991.

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

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $220K Management & general 35% · $117K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Donald Giardini
Labor Trustee
$0Pt VII · Sec A
Vergilo Giardini
Labor Trustee
$0Pt VII · Sec A
Edward Giardini
Business Manager
$0Pt VII · Sec A
Robert Cummins
Management Trustee
$0Pt VII · Sec A
Andrew Scalise
Management Trustee
$0Pt VII · Sec A
Brad Walters
Management Trustee
$0Pt VII · Sec A
See Laborers Local 621 Training Fund executive salaries →

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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 15aNo

Programs and updates

Offers training and educational resources to union members.

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Provided by the organization

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1 program · $220K · in their own filed words · FY2024
01

The organization provides educational resources and training to the union members of laborers' international union of north america local 621 building and heavy highway construction. The organization held approximately 20 various training sessions during the year.

$220Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$281K
Ln 12
Fees for servicesLn 2g$286K
Investment incomeLn 3$3K
Money outPt IX
$337K
Ln 25
Programscol B$220K
Managementcol C$117K
Owns and owesPt X
$338K
net assets · Ln 32
Cash and savingsLn 1–2$133K
Total assetsLn 16$348K
LiabilitiesLn 26$10K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$286K
Investment incomeLn 3$3K
Gains on assetsLn 7−$12K
Total revenueLn 12$281K
Assets in detailPt X, end of year
CashLn 1$18K
SavingsLn 2$115K
Cash and savings togetherLn 1–2$133K
Land, buildings, equipmentLn 10c$215K
Other assetsLn 15$0
Total assetsLn 16$348K
LiabilitiesLn 26$10K
Net assetsLn 32$338K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderApril
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$162K$133K
Land, buildings, equipmentLn 10c$213K$215K
Total assetsLn 16$405K$348K
LiabilitiesLn 26$11K$10K
Net assetsLn 32$393K$338K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$129K$129K
Accounting feesLn 11c$9K$9K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$10K$10K
OccupancyLn 16$31K$31K
Conferences, conventions and meetingsLn 19$30K$30K
Depreciation, depletion and amortizationLn 22$38K$27K$10K
Other expenses (24a–d)Ln 24$88K$23K$65K
Total functional expensesLn 25$337K$220K$117K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $281K$337K−$56K$338K 990 PDF
FY2024 $336K$375K−$39K$393K 990 PDF
FY2023 $364K$258K$107K$432K 990 PDF
FY2022 $213K$195K$18K$325K 990 PDF
FY2021 $168K$149K$19K$307K 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 O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $281,370 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $329,094$285,874
I-10 Investment incomePrior year $5,692−$9,179
I-11 Other revenuePrior year $1,299$4,675
I-12 Total revenuePrior year $336,085$281,370
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $131,696$129,017
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $243,475$207,877
I-18 Total expensesPrior year $375,171$336,894
I-19 Revenue less expensesPrior year −$39,086−$55,524
Part VI · Governance 4 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $281,370 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $285,874$285,874
VIII-3 Investment incomeExcluded from tax $2,824$2,824
VIII-7 Net gain or loss on sales of assetsRelated to mission −$12,003−$12,003
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,675$4,675
VIII-12 Total revenueRelated to mission $278,546 · Unrelated business $0 · Excluded from tax $2,824$281,370
Part IX · Statement of functional expenses $336,894 across 8 lines filed
IX-4 Benefits paid to or for membersPrograms $129,017$129,017
IX-11c Accounting feesPrograms $9,001$9,001
IX-12 Advertising and promotionPrograms $1,791$1,791
IX-13 Office expensesManagement $10,359$10,359
IX-16 OccupancyManagement $31,200$31,200
IX-19 Conferences, conventions and meetingsPrograms $30,388$30,388
IX-22 Depreciation, depletion and amortizationPrograms $27,307 · Management $10,198$37,505
IX-24 Other expenses (24a–d)Programs $22,833 · Management $64,800$87,633
IX-25 Total functional expensesPrograms $220,337 · Management $116,557 · Fundraising $0$336,894
Part X · Balance sheet $347,989 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $52,580$18,029
X-2 Savings and temporary cash investmentsStart of year $109,000$115,000
X-10c Land, buildings and equipment, netStart of year $213,266$214,960
X-15 Other assetsStart of year $29,742$0
X-16 Total assetsStart of year $404,588$347,989
X-17 Accounts payable and accrued expensesStart of year $11,399$3,064
X-25 Other liabilitiesStart of year $0$7,260
X-26 Total liabilitiesStart of year $11,399$10,324
X-27 Net assets without donor restrictionsStart of year $393,189$337,665
X-32 Total net assets or fund balancesStart of year $393,189$337,665
X-33 Total liabilities and net assetsStart of year $404,588$347,989
Part XI · Reconciliation of net assets $337,665 net assets at year end
XI-1 Total revenue$281,370
XI-2 Total expenses$336,894
XI-3 Revenue less expenses−$55,524
XI-4 Net assets at start of year$393,189
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$337,665

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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