Civic Intelligence

Laborers Training Trust for Northern Nev

990 • Fiscal year 2015 • EIN 23-7222294

Jan 01, 2015 to Dec 31, 2015 • Filed on Sep 20, 2016

445 Apple Street No 200Reno, NV 89510

(775) 826-7200

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

83rd percentile

0.23x

Higher debt load relative to assets than 83% of similar nonprofits.

2015 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

98th percentile

1.96x

Higher debt load relative to revenue than 98% of similar nonprofits.

2015 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2015

Net Margin

87th percentile

22%

Higher net margin than 87% of similar nonprofits.

2015 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

16th percentile

$0

Higher top officer pay than 16% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2015

Asset Growth

43rd percentile

1.8%

Faster asset growth than 43% of similar nonprofits.

2015 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

82nd percentile

18%

Faster revenue growth than 82% of similar nonprofits.

2015 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$3,953,650

Up $70,876 (+1.8%) from 2014

Net Assets

Up

$3,053,025

Up $101,258 (+3.4%) from 2014

Liabilities

Down

$900,625

Down $30,382 (-3.3%) from 2014

Revenue

Up

$460,013

Up $69,649 (+18%) from 2014

Expenses

Down

$358,752

Down $90,637 (-20%) from 2014

Net Income

Up

$101,261

Up $160,286 (+272%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $4,488,226Liabilities 2010: $1,611,169Net Assets 2010: $2,877,0572010Assets 2011: $4,303,731Liabilities 2011: $1,265,039Net Assets 2011: $3,038,6922011Assets 2012: $4,155,412Liabilities 2012: $1,109,324Net Assets 2012: $3,046,0882012Assets 2013: $3,961,193Liabilities 2013: $950,401Net Assets 2013: $3,010,7922013Assets 2014: $3,882,774Liabilities 2014: $931,007Net Assets 2014: $2,951,7672014Assets 2015: $3,953,650Liabilities 2015: $900,625Net Assets 2015: $3,053,0252015Assets 2016: $3,921,738Liabilities 2016: $630,097Net Assets 2016: $3,291,6412016Assets 2017: $3,736,215Liabilities 2017: $25,693Net Assets 2017: $3,710,5222017Assets 2018: $3,965,228Liabilities 2018: $30,931Net Assets 2018: $3,934,2972018Assets 2019: $4,008,920Liabilities 2019: $28,758Net Assets 2019: $3,980,1622019Assets 2020: $4,163,498Liabilities 2020: $25,143Net Assets 2020: $4,138,3552020Assets 2021: $4,790,894Liabilities 2021: $44,484Net Assets 2021: $4,746,4102021Assets 2022: $5,132,736Liabilities 2022: $33,459Net Assets 2022: $5,099,2772022Assets 2023: $5,246,471Liabilities 2023: $14,582Net Assets 2023: $5,231,8892023Assets 2024: $5,368,491Liabilities 2024: $46,976Net Assets 2024: $5,321,5152024

Highlighted filing

2015

Assets$3,953,650
Liabilities$900,625
Net Assets$3,053,025

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $334,0372010Expenses 2011: $420,0832011Expenses 2012: $380,8922012Revenue 2013: $328,226Expenses 2013: $363,522Net Income 2013: -$35,2962013Revenue 2014: $390,364Expenses 2014: $449,389Net Income 2014: -$59,0252014Revenue 2015: $460,013Expenses 2015: $358,752Net Income 2015: $101,2612015Revenue 2016: $578,953Expenses 2016: $340,337Net Income 2016: $238,6162016Revenue 2017: $795,722Expenses 2017: $376,843Net Income 2017: $418,8792017Revenue 2018: $765,703Expenses 2018: $541,912Net Income 2018: $223,7912018Revenue 2019: $672,398Expenses 2019: $628,228Net Income 2019: $44,1702019Revenue 2020: $819,606Expenses 2020: $659,846Net Income 2020: $159,7602020Revenue 2021: $1,420,928Expenses 2021: $812,617Net Income 2021: $608,3112021Revenue 2022: $1,301,594Expenses 2022: $948,794Net Income 2022: $352,8002022Revenue 2023: $1,339,282Expenses 2023: $1,213,894Net Income 2023: $125,3882023Revenue 2024: $1,452,115Expenses 2024: $1,360,578Net Income 2024: $91,5372024

Highlighted filing

2015

Revenue$460,013
Expenses$358,752
Net Income$101,261
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Sep 20, 2016
Return Version
2015v2.1
Gross Receipts
$460,013
Mission and Program Overview

Mission

To provide training benefits for plan participants

To provide training benefits for plan participants.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,236,798$3,190,541▼ $46,257
Rtn Earn Endowment Incm Other Fnds$2,951,767$3,053,025▲ $101,258
Savings and Temporary Cash Investments$293,515$387,927▲ $94,412
Cash and Non-Interest-Bearing Accounts$322,786$337,367▲ $14,581
Accounts Receivable$22,175$30,315▲ $8,140
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$3,882,774$3,953,650▲ $70,876
Other Assets Total$7,500$7,500→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$916,730$892,288▼ $24,442
Accounts Payable and Accrued Expenses$14,277$8,337▼ $5,940
Total Liabilities$931,007$900,625▼ $30,382
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,951,767$3,053,025▲ $101,258
Total Liabilities and Net Assets / Fund Balance$3,882,774$3,953,650▲ $70,876

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,102,381$330,041$2,432,422
Land$1,051,882-$1,051,882
Other Land Buildings$36,278$67,976$104,254
Compensation and Service Providers

Board Members and Trustees

NameTitle
Richard Skip DalyChairman
Craig MadoleCo-chairman
Dan RusnakTrustee
Dave ElizondoTrustee
Eloy JaraTrustee
Fred ReederTrustee
John Madole JrTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$447,322
Investment Income
$1,052
Other Revenue
$11,639
Change in Net Assets
$101,261

Audited Revenue Reconciliation

Revenue per Audited Statements
$459,013
Revenue Not Reported on Financial Statements
$1,000
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$459,013
Total Revenue per Form 990
$460,013
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$233,003
Salaries, Compensation, and Employee Benefits$125,749
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$70,745
Depreciation Depletion---$66,257
Interest---$49,049
Other Employee Benefits---$45,418
Occupancy---$20,965
Insurance---$19,085
Payroll Taxes---$9,586
Fees for Services Accounting---$6,784
Other Expenses---$6,250
Fees for Services Legal---$5,960
Fees for Services Management---$5,519
Travel---$5,109
Office Expenses---$4,092
Information Technology---$1,718
Fees for Service Investment Mgmnt Fees---$1,000
Advertising---$626
Total Functional Expenses$0$0$0$358,752

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$358,752
Expenses per Audited Statements$357,750
Total Expenses per Audited Statements$357,750
Expenses Not Reported on Financial Statements$1,002
Other Expense Adjustments$2
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

John madole and craig madole - family relationship

Form 990, Part VI, Section A, Line 8B

There are no committees with authority to act on behalf of the board

Form 990, Part VI, Section B, Line 11

Form 990 is provided to trustees at their regular meetings.

Form 990, Part VI, Section C, Line 19

Documents, policies, and financial statements are available from the plan administrator upon request.

Filing and Contact Details

Filer

Filer Name
Laborers Training Trust Fund
EIN
23-7222294
Phone
7758267200
Address
445 APPLE STREET NO 200, RENO, NV 89510

Signing Officer

Name
Richard Skip Daly
Title
Chairman
Phone
7758267200
Signed
2016-09-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Skip Daly
Formed
1970
Legal Domicile
Nv
Voting Board Members
7
Independent Board Members
7
Employees
3
Volunteers
0

Preparer

Firm
Eide Bailly Llp
Address
5441 KIETZKE LN STE 150, RENO, NV 89511-2094
Preparer
Lauren Sankovich CPA
Phone
7756899100
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

ROUNDING -3.

Financial Statement Notes

PART X, LINE 2:

Effective january 3, 2012, the plan successfully changed its exemption from federal income tax under section 501(c)(9) of the internal revenue code to section 501(c)(5) of the internal revenue code. This change in status allows the plan to be exempt from paying certain taxes under the nevada revised statutes. The internal revenue service (irs) has determined and informed the company by a letter dated february 22, 2013, that the plan and related trust are designed in accordance with applicable sections of the internal revenue code (irc). Although the plan has been amended since receiving the determination letter, the plan administrator and the plan's tax counsel believe that the plan is designed and is currently being operated in compliance with the applicable requirements of the irc and, therefore, believe that the plan is qualified and the related trust is tax-exempt. Accounting principles generally accepted in the united states of america require plan management to evaluate tax positions taken by the plan and recognize a tax liability (or asset) if the plan has taken an uncertain tax position that more likely than not would not be sustained upon examination by the irs. The plan administrator has analyzed the tax positions take by the plan, and has concluded that as of december 31, 2015 and 2014, there are no uncertain positions taken or expected to be taken that would require recognition of a liablity (or asset) or disclosure in the financial statements. The plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The plan administrator believes it is no longer subject to income tax examinations for years prior to 2012.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

ROUNDING

Raw XML Appendix340 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/RevenueSubtotalAmt0459013
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0EFFECTIVE JANUARY 3, 2012, THE PLAN SUCCESSFULLY CHANGED ITS EXEMPTION FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE TO SECTION 501(C)(5) OF THE INTERNAL REVENUE CODE. THIS CHANGE IN STATUS ALLOWS THE PLAN TO BE EXEMPT FROM PAYING CERTAIN TAXES UNDER THE NEVADA REVISED STATUTES. THE INTERNAL REVENUE SERVICE (IRS) HAS DETERMINED AND INFORMED THE COMPANY BY A LETTER DATED FEBRUARY 22, 2013, THAT THE PLAN AND RELATED TRUST ARE DESIGNED IN ACCORDANCE WITH APPLICABLE SECTIONS OF THE INTERNAL REVENUE CODE (IRC). ALTHOUGH THE PLAN HAS BEEN AMENDED SINCE RECEIVING THE DETERMINATION LETTER, THE PLAN ADMINISTRATOR AND THE PLAN'S TAX COUNSEL BELIEVE THAT THE PLAN IS DESIGNED AND IS CURRENTLY BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC AND, THEREFORE, BELIEVE THAT THE PLAN IS QUALIFIED AND THE RELATED TRUST IS TAX-EXEMPT. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE PLAN HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE PLAN ADMINISTRATOR HAS ANALYZED THE TAX POSITIONS TAKE BY THE PLAN, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2015 AND 2014, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABLITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE PLAN ADMINISTRATOR BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2012.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ROUNDING
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03190541
IRS990ScheduleD/TotalExpensesPerForm990Amt0358752
IRS990ScheduleD/TotalRevenuePerForm990Amt0460013
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0459013
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0357750
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JOHN MADOLE AND CRAIG MADOLE - FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS PROVIDED TO TRUSTEES AT THEIR REGULAR MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE FROM THE PLAN ADMINISTRATOR UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ROUNDING -3.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03882774
IRS990/TotalAssetsEOYAmt03953650
IRS990/TotalAssetsGrp/BOYAmt03882774
IRS990/TotalAssetsGrp/EOYAmt03953650
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/TotalAmt0358752
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0931007
IRS990/TotalLiabilitiesEOYAmt0900625
IRS990/TotalLiabilitiesGrp/BOYAmt0931007
IRS990/TotalLiabilitiesGrp/EOYAmt0900625
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02951767
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03053025
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0447322
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01052
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0458961
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0460013
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03882774
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03953650
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt05109
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0570 REACTOR WAY
IRS990/USAddress/CityNm0RENO
IRS990/USAddress/StateAbbreviationCd0NV
IRS990/USAddress/ZIPCd089502
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD SKIP DALY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum07758267200
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-09-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LABORERS TRAINING TRUST FUND
ReturnHeader/Filer/BusinessNameControlTxt0LABO
ReturnHeader/Filer/EIN0237222294
ReturnHeader/Filer/PhoneNum07758267200
ReturnHeader/Filer/USAddress/AddressLine1Txt0445 APPLE STREET NO 200
ReturnHeader/Filer/USAddress/CityNm0RENO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NV
ReturnHeader/Filer/USAddress/ZIPCd089510
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0450250958
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EIDE BAILLY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05441 KIETZKE LN STE 150
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RENO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NV
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0895112094
ReturnHeader/PreparerPersonGrp/PhoneNum07756899100
ReturnHeader/PreparerPersonGrp/PreparationDt02016-09-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LAUREN SANKOVICH CPA
ReturnHeader/ReturnTs02016-10-16T14:57:30-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.37$0.05$5.32$1.45$1.36$0.09
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.25$0.01$5.23$1.34$1.21$0.13
2022Detailed filing. Detailed filing data is available for this year.$5.13$0.03$5.10$1.30$0.95$0.35
2021Detailed filing. Detailed filing data is available for this year.$4.79$0.04$4.75$1.42$0.81$0.61
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.16$0.03$4.14$0.82$0.66$0.16
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.01$0.03$3.98$0.67$0.63$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.97$0.03$3.93$0.77$0.54$0.22
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.74$0.03$3.71$0.80$0.38$0.42
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.92$0.63$3.29$0.58$0.34$0.24
2015Detailed filing. Detailed filing data is available for this year.$3.95$0.90$3.05$0.46$0.36$0.10
2014Detailed filing. Detailed filing data is available for this year.$3.88$0.93$2.95$0.39$0.45$0.06
2013Detailed filing. Detailed filing data is available for this year.$3.96$0.95$3.01$0.33$0.36$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.16$1.11$3.05$0.38
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.30$1.27$3.04$0.42
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.49$1.61$2.88$0.33