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Local 60-Cic-Bac-Lm Tr

Not tax-deductible

Hawthorne, NY501(c)(5)EmploymentEIN 46-6139805Revenue $978K in FY2024

On file with the IRS140 Broadway, 10532-1149 · Hawthorne, NYTax-exempt since Sep 2012

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The fund may provide any benefit that is permissible under the applicable provisions of the code, including, but not limited to improving communications between the union and employers. IT identifies and expands work opportunities for construction workers and employers and promotes efficiency in operations and the economic competitiveness of the union and the employers in the territorial jurisdiction of the union. IT also promotes the health and safety of construction workers employed by employers and of their families and conducts research, performs studies, collects information, develops procedures and otherwise acts to minimize the hazards in the workplace of construction workers employed by employers.

Mission: Form 990 Part I, line 1

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(5)
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
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
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
5 of 5
filings with a surplus
Average surplus $775K a year · 93% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
796 mo
of spending, in cash
Looks good: 795.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2K
0.03% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 5 voting members
Worth a look: 2 of 5 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$978K
+13% vs prior year
Spent
$92K
Net assets
$6.1M
By yearFY2020–FY2024
Revenue
$978K
FY2024▲ +13%
Tap a bar for its year
Revenue by fiscal year
FY2020$766K
FY2021$758K
FY2022$818K
FY2023$865K
FY2024$978K
Expenses
$92K
FY2024▲ +25%
Tap a bar for its year
Expenses by fiscal year
FY2020$37K
FY2021$31K
FY2022$78K
FY2023$73K
FY2024$92K
Net assets
$6.1M
FY2024▲ +17%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.9M
FY2021$3.7M
FY2022$4.4M
FY2023$5.2M
FY2024$6.1M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2012.

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

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
Anthony Ascencao
Union Trustee
$0Pt VII · Sec A
Carlos Ascencao
Alternate Union Trusteee
$0Pt VII · Sec A
George Pacchiana
Employer Trustee
$0Pt VII · Sec A
Jacinto Fragoso
Union Trustee
$0Pt VII · Sec A
John T Cooney JR
Employer Trustee
$0Pt VII · Sec A
Michael Moreira
Union Trustee
$0Pt VII · Sec A
Ross Pepe
Former Employer Trustee
$0Pt VII · Sec A
Andrew Ferraro
Training Instructor
$0Pt VII · Sec A
See Local 60-Cic-Bac-Lm Tr 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 15aYes

Programs and updates

Improves construction worker safety, expands job opportunities, and enhances employer-union communication and efficiency.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

The fund may provide any benefit that is permissible under the applicable provisions of the code, including, but not limited to improving communications between the union and employers. It identifies and expands work opportunities for construction workers and employers and promotes efficiency in operations and the economic…

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$978K
Ln 12
Fees for servicesLn 2g$877K
Investment incomeLn 3$101K
Money outPt IX
$92K
Ln 25
Owns and owesPt X
$6.1M
net assets · Ln 32
Cash and savingsLn 1–2$6.1M
Total assetsLn 16$6.1M
LiabilitiesLn 26$2K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$877K
Investment incomeLn 3$101K
Total revenueLn 12$978K
Assets in detailPt X, end of year
CashLn 1$3.6M
SavingsLn 2$2.5M
Cash and savings togetherLn 1–2$6.1M
Land, buildings, equipmentLn 10c$5K
Total assetsLn 16$6.1M
LiabilitiesLn 26$2K
Net assetsLn 32$6.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY24End FY24
Cash and savingsLn 1–2$5.2M$6.1M
Land, buildings, equipmentLn 10c$2K$5K
Total assetsLn 16$5.2M$6.1M
LiabilitiesLn 26$7K$2K
Net assetsLn 32$5.2M$6.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of disqualified personsLn 6$16K
Other employee benefitsLn 9$10K
Payroll taxesLn 10$1K
Legal feesLn 11b$7K
Accounting feesLn 11c$4K
Office expensesLn 13$2K
Information technologyLn 14$4K
OccupancyLn 16$1K
Conferences, conventions and meetingsLn 19$16K
Depreciation, depletion and amortizationLn 22$1K
InsuranceLn 23$179
Other expenses (24a–d)Ln 24$28K
Total functional expensesLn 25$92K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $978K$92K$886K$6.1M 990 PDF
FY2023 $865K$73K$791K$5.2M 990 PDF
FY2022 $818K$78K$740K$4.4M 990 PDF
FY2021 $758K$31K$726K$3.7M 990 PDF
FY2020 $766K$37K$729K$2.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $977,983 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $864,343$877,268
I-10 Investment incomePrior year $217$100,715
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $864,560$977,983
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $26,837$27,372
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $46,522$64,360
I-18 Total expensesPrior year $73,359$91,732
I-19 Revenue less expensesPrior year $791,201$886,251
Part VI · Governance 2 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members2
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 $977,983 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $877,268$877,268
VIII-3 Investment incomeExcluded from tax $100,715$100,715
VIII-12 Total revenueRelated to mission $877,268 · Unrelated business $0 · Excluded from tax $100,715$977,983
Part IX · Statement of functional expenses $91,732 across 12 lines filed
IX-6 Pay of disqualified persons$16,231
IX-9 Other employee benefits$9,799
IX-10 Payroll taxes$1,342
IX-11b Legal fees$6,714
IX-11c Accounting fees$4,408
IX-13 Office expenses$2,382
IX-14 Information technology$4,267
IX-16 Occupancy$1,458
IX-19 Conferences, conventions and meetings$15,907
IX-22 Depreciation, depletion and amortization$1,120
IX-23 Insurance$179
IX-24 Other expenses (24a–d)$27,925
IX-25 Total functional expenses$91,732
Part X · Balance sheet $6,086,439 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $3,481,878$3,594,252
X-2 Savings and temporary cash investmentsStart of year $1,721,451$2,487,485
X-10c Land, buildings and equipment, netStart of year $2,322$4,702
X-16 Total assetsStart of year $5,205,651$6,086,439
X-25 Other liabilitiesStart of year $7,065$1,602
X-26 Total liabilitiesStart of year $7,065$1,602
X-27 Net assets without donor restrictionsStart of year $5,198,586$6,084,837
X-32 Total net assets or fund balancesStart of year $5,198,586$6,084,837
X-33 Total liabilities and net assetsStart of year $5,205,651$6,086,439
Part XI · Reconciliation of net assets $6,084,837 net assets at year end
XI-1 Total revenue$977,983
XI-2 Total expenses$91,732
XI-3 Revenue less expenses$886,251
XI-4 Net assets at start of year$5,198,586
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,084,837

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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