Laborers Building Industry Stabilization Trust Fund

Not tax-deductible

Walnut Creek, CA501(c)(6)Mutual / membership EIN 68-6057668Revenue $651K in FY2024

On file with the IRS2175 N California Blvd Ste 420, 94596-3538 · Walnut Creek, CATax-exempt since Jun 1990

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The Laborers Building Industry Stabilization Trust Fund is set up as an area and Industry wide labor management co-operation committee as provided for by sections 302 (c) (9) of the taft hartley act 29 u.s.c. Section 106 (c) (9) it's exempt purpose is labor relations, and the implementation of the provisions of section 9b of the Laborers master agreement of northern california.since august 2006 this has been modified to include funds collected for the Laborers work preservation committee to provide that such funds collected shall be used to enhance builder competitiveness and preserve work opportunities for employees and individual employers covered by the agreement.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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 $203K a year · 36% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
65 mo
of spending, in cash
Plus $2.2M in investments, Pt X · Ln 11–13
Looks good: 65.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$651K
+2% vs prior year
Spent
$373K
To programs
87%
Net assets
$4.3M
By yearFY2020–FY2024
Revenue
$651K
FY2024▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$564K
FY2021$475K
FY2022$483K
FY2023$636K
FY2024$651K
Expenses
$373K
FY2024▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$339K
FY2021$352K
FY2022$364K
FY2023$365K
FY2024$373K
Net assets
$4.3M
FY2024▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.5M
FY2021$3.6M
FY2022$3.7M
FY2023$4.0M
FY2024$4.3M

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 Jun 1990.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $325K Management & general 13% · $49K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary/Ttee
$0Pt VII · Sec A
$0Pt VII · Sec A
See Laborers Building Industry Stabilization Trust 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Improves builder competitiveness and preserves work opportunities through labor-management cooperation.

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1 program · in their own filed words · FY2024
01

The fund collected contributions based on hours worked from individual employers performing work within the area covered by the laborers 46 northern california counties master AGREEMENT.THESE funds are used to enhance builder competitiveness and preserve work opportunities for employees and individual employers covered by the agreement.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$651K
Ln 12
Fees for servicesLn 2g$491K
Investment incomeLn 3$160K
Money outPt IX
$373K
Ln 25
Programscol B$325K
Managementcol C$49K
Owns and owesPt X
$4.3M
net assets · Ln 32
Cash and savingsLn 1–2$2.0M
Total assetsLn 16$4.3M
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$491K
Investment incomeLn 3$160K
Gains on assetsLn 7$0
Total revenueLn 12$651K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$2.0M
Cash and savings togetherLn 1–2$2.0M
InvestmentsLn 11–13$2.2M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$4.3M
LiabilitiesLn 26$0
Net assetsLn 32$4.3M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$4.0M$2.0M
InvestmentsLn 11–13$2.2M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$4.0M$4.3M
LiabilitiesLn 26$1$0
Net assetsLn 32$4.0M$4.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$150K$140K$10K
Legal feesLn 11b$0
Accounting feesLn 11c$4K$4K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$17K$17K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$500$500
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$187K$183K$3K
All other expensesLn 24e$4K$1K$3K
Total functional expensesLn 25$373K$325K$49K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $651K$373K$278K$4.3M 990 PDF
FY2023 $636K$365K$271K$4.0M 990 PDF
FY2022 $483K$364K$119K$3.7M 990 PDF
FY2021 $475K$352K$123K$3.6M 990 PDF
FY2020 $564K$339K$225K$3.5M 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 FY2024 990 (6 parts)
Part I · Summary $651,233 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $577,472$491,033
I-10 Investment incomePrior year $58,768$160,200
I-11 Other revenue$0
I-12 Total revenuePrior year $636,240$651,233
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $365,084$373,305
I-18 Total expensesPrior year $365,084$373,305
I-19 Revenue less expensesPrior year $271,156$277,928
Part VI · Governance 4 of 4 board members independent, 2 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $651,233 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $491,033$491,033
VIII-3 Investment incomeExcluded from tax $160,200$160,200
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $491,033 · Excluded from tax $160,200$651,233
Part IX · Statement of functional expenses $373,305 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management feesPrograms $140,149 · Management $9,851$150,000
IX-11b Legal fees$0
IX-11c Accounting feesManagement $4,400$4,400
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyManagement $17,000$17,000
IX-17 Travel$0
IX-18 Travel and entertainment for public officialsManagement $500$500
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $10,500$10,500
IX-24 Other expenses (24a–d)Programs $183,437 · Management $3,188$186,625
IX-24e All other expensesPrograms $1,200 · Management $3,080$4,280
IX-25 Total functional expensesPrograms $324,786 · Management $48,519 · Fundraising $0$373,305
Part X · Balance sheet $4,257,888 assets, 16 lines filed
X-1 Cash, non-interest-bearing$0
X-2 Savings and temporary cash investmentsStart of year $4,013,963$2,029,654
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$2,228,234
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $4,013,963$4,257,888
X-26 Total liabilitiesStart of year $1$0
X-32 Total net assets or fund balancesStart of year $4,013,962$4,257,888
X-33 Total liabilities and net assetsStart of year $4,013,963$4,257,888
Part XI · Reconciliation of net assets $4,257,888 net assets at year end
XI-1 Total revenue$651,233
XI-2 Total expenses$373,305
XI-3 Revenue less expenses$277,928
XI-4 Net assets at start of year$4,013,962
XI-5 Net unrealized gains (losses) on investments−$34,002
XI-10 Net assets at end of year$4,257,888

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

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